Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
5d ago
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
1w ago
Exim Bank’s profit dropped 9.4% in 2023
Exim Bank's profit declined 9.4 percent year-on-year to Tk 337 crore in 2023, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.
2w ago
Three out of four people still unbanked in Bangladesh
Only 28.3 percent had an account with a bank or NBFI last year, it showed, increasing from 26.2 percent the year prior.
3w ago
Economics of Eid
As the darkness of night made way for the first light of day, a rhythmic hum echoed through the tranquil dawn in Jamalpur like a heartbeat.
1m ago
Celebrating Eid getting harder for the vulnerable
As middle and low-income segments of society struggle against the backdrop of a severe cost-of-living crisis, the surge in aggregate demand ahead of Eid-ul-Fitr poses a further hurdle for many striving to celebrate the festival.
1m ago
BRAC Bank logged 35% profit growth in 2023
BRAC Bank PLC registered a 35 percent increase in profit to Tk 827.50 crore last year thanks to its focus on small and medium enterprises (SME) and technology-based customer services, which added over 3.60 lakh new customers.
1m ago
One panjabi for two occasions
The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
1m ago
March 21, 2024
Shrimp exports to face significant competition after LDC graduation
Shrimps, popularly referred to as “white gold” due to being one of Bangladesh’s most valuable export items, may face significant pressure from competitor nations after the country graduates from Least Developed Country (LDC) status in 2026.
March 17, 2024
'Bearish market resulted from floor price'
The long-term imposition of the floor price has had a negative impact on the stock market, leading to the current bearish trend, according to Md Ashequr Rahman, managing director of Midway Securities.
March 5, 2024
Bangladesh yet to benefit from GI-certified products
Bangladesh is yet to derive any benefit from the products granted the status of geographical indication (GI) due to a lack of initiatives from stakeholders although the recognition enhances the reputation of goods, builds consumer confidence and brings in higher prices.
February 25, 2024
Rushed GI status raises questions over efficacy
In an unprecedented move, the Ministry of Industries in Bangladesh has issued preliminary approvals for 10 products to be awarded geographical indication (GI) status in a span of just eight days recently.
February 20, 2024
Shwapno aims to clock $2b sales in seven years
Shwapno has posted operating profit in the last two years and witnessed a nearly six-fold increase in sales in the past one decade. And the fastest-growing retail chain in Bangladesh hopes to maintain its momentum in the coming years.
February 15, 2024
Sunquick rolled out to win hearts of customers thru quality fruit drinks
ACI CO-RO Bangladesh Ltd, a joint venture of ACI Ltd and Danish fruit drinks manufacturer CO-RO A/S, has launched its juice products in Bangladesh under the brand name Sunquick.
February 12, 2024
Signs of reverse migration to villages as economic struggle persists
The number of people who returned to villages from cities and major towns almost doubled in 2022 from a year ago as living expenses exceeded their incomes, official figures showed.
February 8, 2024
Govt set to give Tangail sari GI status
The industries ministry is going to award Tangail sari the geographical indication (GI) status following a public outcry in Bangladesh, a week after India granted the same recognition to ‘Tangail Saree of Bengal’.
February 5, 2024
Tangail Sari: Collective apathy to blame for GI fiasco
As India’s geographical indication (GI) recognition of Tangail sari sparked widespread outcry and criticism around Bangladesh, including on social media, questions have emerged about why Bangladesh failed to get GI recognition despite being a rightful claimant
January 28, 2024
Winter discounts bring cheer to clothing brands, customers
Although there are only about 17 days to go before the biting cold all over the country makes way for the warm embrace of spring, customers are flocking to outlets of local clothing brands in a rush to secure the best winter clothes.
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