Refrigerator sales decline despite Eid
Sales of refrigerators and chest freezers declined by 13 percent ahead of Eid-ul-Azha as consumers contended with persistent inflationary pressures as well as an increase in the prices of the home appliances, according to industry players.
9h ago
A project for coffee and cashew nuts
Seeing the huge potential in agriculture, the government is implementing a Tk 211.84 crore project in the Chittagong Hill Tracts (CHT) region to introduce modern technologies and enhance research initiatives with a view to promoting coffee and cashew nut cultivation.
1d ago
Bida identifies 814 vulnerable factories in 2nd phase
The Bangladesh Investment Development Authority (Bida) has identified 814 more factories as risky under a countrywide initiative as the government looks to prevent avoidable fire incidents and other disasters.
2d ago
Full-scale rawhide trade yet to start
Full-scale rawhide procurement across the country has yet to begin due to rainfall and subsequent delays in animal sacrifices.
3d ago
State enterprises’ loan rising, so is govt guarantee
The government needs to provide guarantees against an increasing amount of loans of state-owned enterprises every fiscal year, especially for power generation, fertiliser and fuel imports, and aircraft purchases.
1w ago
Blow for private economic zones, hi-tech parks as tax benefits go
Currently, investors in the EZs and hi-tech parks qualify for a tax break for a decade starting from the first year of their operations. They are entitled to a full tax waiver in the first three years.
1w ago
Solutions not offered
The proposed budget for 2024-25 lacks creativity and offers no solutions to the many complex challenges facing the country’s economy, economists have said.
2w ago
March 12, 2024
Agri product exports make a turnaround
Bangladesh’s agricultural product exports have slightly increased year-on-year during this fiscal year, marking a turnaround from a gradually drop over the past three years thanks to, according to industry insiders, restoration of supply chains and a slight improvement in the US dollar crisis.
March 7, 2024
47% factories fail to implement corrective measures: Bida
About 47 percent of the factories that were deemed at risk of industrial accidents by the Bangladesh Investment Development Authority (Bida) have yet to implement necessary corrective measures within the stipulated deadline of December 2023, officials of the government agency said.
March 3, 2024
'Almost all restaurants lack fire suppression systems'
There is hardly any restaurant in Bangladesh with a proper fire suppression system while only a handful among the owners are aware of fire safety measures, said a top leader of the Bangladesh Restaurant Owners' Association (BROA) yesterday.
February 29, 2024
Proton CEO Li Chunrong arrives in Dhaka to launch Proton X90
Li Chunrong, chief executive officer of Proton, arrived in Dhaka yesterday to take part in an event where Proton X90 will be unveiled.
February 29, 2024
Ensure cold chain logistics to reduce $2.4bn post-harvest losses
Bangladesh faces annual post-harvest losses of about $2.4 billion as the country lacks essential cold chain infrastructure and services known as temperature-controlled logistics (TCL), according to a paper presented at a conference.
February 25, 2024
Currency swap to help banks facilitate imports
Small and medium enterprises (SMEs), as well as the rest of the economy, will benefit from banks’ increased capacity to support imports thanks to the newly launched currency swap, said Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI).
February 20, 2024
Bangladesh to get first ‘green’ residential project with Tk 1,080cr investment
Ananta Group, one of the top garment exporters, is going to build Bangladesh’s first environment-friendly residential complex in the capital city with an estimated investment of Tk 1,080 crore.
February 19, 2024
8 banks, NBFIs to provide Tk 362cr for a private economic zone
Eight banks and financial institutions of Bangladesh and the World Bank are going to provide a syndicated credit facility of around Tk 430 crore for the development and expansion of Bay Economic Zone Limited (BEZL).
February 16, 2024
Rancon teams up with Genex to set up 21 EV charging stations
Rancon Motors, the sole distributor of Mercedes-Benz in Bangladesh, has teamed up with Genex Infrastructure to set up electric vehicle (EV) charging stations around the country to provide charging facilities in the future.
February 12, 2024
Mongla yet to become a port of choice among businesses
Mongla Port, which was expected to get a new lease on life due to the increasing flow of imported and exported goods after the opening of the Padma Bridge, is yet to become a port of choice among businesses.
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