Graft was biggest hurdle in drawing FDI over last 15yrs
Says Ashik Chowdhury, head of government’s key investment promotion agencies BIDA, BEZA
2d ago
Map out economic priorities
The head of DCCI has urged the government to map out its economic priorities once the committee to prepare a white paper on the economy, and other task forces on various reform agendas finish their jobs.
6d ago
Bida’s one-stop service plagued by non-stop negligence
Services rendered by government agencies through a single-window platform to facilitate business remain marred by unscrupulous activities, despite expectations of improvement among entrepreneurs under the interim government.
1w ago
I have learnt to respect workers: Kihak Sung
Kihak Sung, chairman of Youngone Corporation and a pioneer in Bangladesh’s readymade garments (RMG) and textile sectors, has been instrumental in the country’s rise as a major global exporter.
1w ago
Rate hike further dampens investment mood
In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.
2w ago
Wheels of change: Bangladesh’s journey to self-sufficiency in motorcycle manufacture
It was once beyond anyone’s wildest imagination that Bangladesh would become a motorcycle manufacturing hub. Only seven years ago, the country relied on imports to meet 95 percent of its demand for motorbikes.
2w ago
Demand for luxury apartments near nil
Luxury apartment sales have dwindled to almost nil ever since the recent political changeover as people have become cautious about spending amid the ensuing economic uncertainty, according to industry insiders.
3w ago
Holidaymakers throng beach towns amid Durga Puja festival
The recent rise in travellers comes as a relief for the tourism industry in Cox's Bazar, Kuakata and Sylhet as these regions were suffering from low turnout in July, August and September this year.
3w ago
December 28, 2021
Akij enters tableware market
Akij Ceramics has entered the tableware business to grab a share of the domestic market and diversify the range of products it exports.
December 26, 2021
Demand for commercial vehicles climbing after Covid
The demand for commercial vehicles in Bangladesh has increased as economic activities in the country boomed soon after a prolonged nationwide lockdown aimed at curbing the spread of Covid-19 ended earlier this year.
December 26, 2021
More people opting for home loans
Banks and non-bank financial institutions (NBFIs) perceive the potential business of mortgage loans in the housing and real estate sector to be fast growing thanks to an expansion of the affluent class and people’s increasing spending capacity.
December 24, 2021
$21b investment proposals since Covid outbreak
Bangladesh has received investment proposals totaling $21.17 billion since the coronavirus pandemic struck the world nearly two years ago, said a top official.
December 23, 2021
Locally made Hyundai cars to hit roads by 2022
Fair Technology Limited (FTL), a subsidiary of Fair Group, plans to introduce locally made Hyundai cars in Bangladesh by the end of 2022.
December 22, 2021
Annual flat sales to cross 10,000 units for the first time
Realtors in Bangladesh have sold around 10,000 flats so far this year as customers shrugged off pandemic fallout and the government keeps extending the amnesty to the investment of untaxed money in the housing sector.
December 19, 2021
Karnaphuli tunnel wants extension of loan availability period
The Karnaphuli tunnel, South Asia’s first under-river tunnel, is set to be delayed by at least six more months.
December 17, 2021
Rules toughen for new ADP schemes
The finance ministry has warned relevant government bodies that new projects will not be included in the revised annual development programme (RADP) for the current fiscal year if their details are not sent to the Planning Commission by January 2022.
December 13, 2021
Covid leaves CEAT tyre plant in limbo
Indian tyre maker CEAT is unlikely to follow through on its plans to build a manufacturing unit in Bangladesh, apparently at least until the economy fully recovers from the coronavirus pandemic-induced shocks.
December 8, 2021
Govt readies rules to pave way for electric vehicles
The government is set to remove all complexities for the registration and operation of electric vehicles in Bangladesh as the Road Transport and Bridges Ministry has prepared a guideline in this regard.
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