"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today
He also emphasises a shift away from dependency culture
The anti-money laundering agency also seeks banks details of Bangabandhu Sheikh Mujibur Rahman Memorial Trust
Total turnover stood at Tk 80.31 crore
A high-powered panel of the Bangladesh Bank (BB) decided to maintain the policy rate at 10 percent until the inflation comes down to a desired level and also spoke about moving away from the crawling peg and letting market forces determine the US dollar exchange rate.
Seven global oil and gas companies purchased tender documents for gas exploration in the Bay of Bengal, but none submitted the papers within the deadline, which ended yesterday.
A state-run annual increment and wage review committee yesterday recommended that the government raise the minimum wage of garment workers by 9 percent.
Nvidia is also suspected of violating commitments it made in 2020, the statement said, when it acquired Israeli data center firm Mellanox
China’s consumer inflation hit a five-month low in November as fresh food prices pulled back while factory deflation persisted, suggesting Beijing’s recent efforts to shore up faltering economic demand are having only limited impact.
The National Board of Revenue’s (NBR’s) Central Intelligence Cell (CIC) yesterday conducted a drive at “President Resort” in Kishoreganj, around 100km north of the capital.
Noted economist Debapriya Bhattacharya raised concerns about the role of global institutions, indicating the International Monetary Fund (IMF) and the World Bank (WB), in assessing Bangladesh's debt sustainability under the previous regime as the country faces increasing pressure from escalating debt servicing obligations.
There are 1.22 crore economic enterprises across the country, according to the Bangladesh Bureau of Statistics (BBS)..Among them, 76 lakh are business establishments and 46 lakh are economic units, the national statistics agency found during the primary mapping and listing work for the co
Stock trading in Bangladesh has slowed in recent months as most investors are not placing fresh bets considering the market’s bleak outlook amid ongoing economic uncertainties. As such, daily turnover of the Dhaka Stock Exchange (DSE) plunged by 5.02 percent to Tk 279 crore yesterday, mark
The government yesterday raised the retail prices of soybean and super palm oils by Tk 8 per litre. Bottled soybean oil price was set at Tk 175, and loose soybean oil and super palm oil at Tk 157.
The government will rationalise tax exemptions once the country’s economic situation improves to some extent, according to National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan.
Workers in some of the world’s biggest garment manufacturing hubs in Bangladesh, Vietnam, and Pakistan are increasingly exposed to extreme heat as climate change pushes temperatures up, a report found on Sunday, a problem multinational retailers and brands will have to help address.
There is no overnight cure for the deep-rooted challenges facing the country’s banking sector, Abdul Awal Mintoo, former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), said yesterday.
Exports jumped 6.7 percent on-year to $312.3 billion last month, China's General Administration of Customs said.
The European Central Bank is expected to cut interest rates again this week amid a darkening outlook, with political turbulence in the eurozone's two biggest economies adding to the troubled picture.
In Dhaka, Hanoi, Ho Chi Minh City, Phnom Penh and Karachi, the number of days with "wet-bulb" temperatures - a measurement that accounts for air temperature as well as humidity - above 30.5 degrees Celsius jumped by 42% in 2020-2024 compared to 2005-2009, researchers at Cornell University's Global Labor Institute found
The consumer price index (CPI), a key measure of inflation, rose 0.2 percent in November year-on-year, down from 0.3 percent in October, the National Bureau of Statistics (NBS) said
Premier Li Qiang made the remarks in his opening speech at a summit attended by the top leaders of organisations including the International Monetary Fund, the World Trade Organisation and the World Bank.
China’s trade restrictions on strategic minerals are starting to hit Western companies where it hurts.
Growth in 2025 is now seen at 1.6 percent, the Confederation of British Industry (CBI) said, down from a projection of 1.9 percent made in June
Beijing announced this week it would ban exports of gallium, germanium and antimony to the United States, targeting materials used for everything from semiconductors to solar cells
Walton received orders worth around Tk 350 crore from various local and foreign companies at the “Advanced Technology Solution-ATS Expo 2024”, the country’s sole industrial expo organised by tech-giant Walton..SM Mahbubul Alam, managing director of Walton Hi-Tech Industries, provided the d
Moynul Islam, vice-chairman of Monno Ceramic Industries, was selected as the acting president of the Bangladesh Ceramic Manufacturers and Exporters Association (BCMEA) yesterday..The election was held during the 51st board meeting of BCMEA at a hotel in the capital, the association said in
Prime Bank Investment Limited (PBIL) was awarded the “Excellence in Mergers & Acquisitions Advisory – Bangladesh” by Boston Brand Research & Media (BBRM), a globally recognised consulting and media organisation, at the Global Brand Frontier Awards 2024..Supported by renowned institutions s
The Foreign Investors’ Chamber of Commerce & Industry (FICCI) will collaborate with the government to attract international investors and expand business opportunities in the country, its President Zaved Akhtar said at a programme yesterday..He made the remarks during FICCI’s 61st annual g
AK Khan & Company Ltd, a Chittagong-based business conglomerate, has appointed Asif Bhuiyan as its new group chief executive officer (CEO)..Before joining AK Khan & Company, Khan held several leadership roles in leading multinationals like LafargeHolcim, Unilever and British American Tobac
Kazi Wahidul Alam, editor of the Bangladesh Monitor, and Masud Hussain, managing director of Bengal Tours Ltd, were elected as president and secretary respectively of the newly launched Bangladesh Travel and Tourism Council (BTTC)..The election took place at the first general meeting of th
The Bangladesh Bank has asked lenders in the country to provide detailed information on all the loans and liabilities of companies operated by Thermax Group..The banks have been asked to provide the information by Wednesday. There are more than a dozen companies under the group that produc
The British High Commission Dhaka and UNFPA Bangladesh, along with key implementing partners, celebrated the successful completion of the £65 million Better Health in Bangladesh (BHB) programme at an event held at Pan Pacific Sonargaon Hotel recently
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Migrant Bangladeshis sent home $2.39 billion in October
The price of potatoes has begun an upward climb in the market
Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years
How can Bangladesh avoid the economic crisis to deepen further?
China’s top electric vehicle maker BYD gained market share as the world’s largest auto market recorded its fastest-growing month in 2024, setting BYD up to exceed its global annual sales goal and overtake Ford and Honda.
The Indian rupee is likely to open slightly lower on Monday as expectations surrounding the incoming Trump administration’s policies keep the dollar well-bid despite heightened hopes of a Federal Reserve rate cut this month.
AB Bank launched an internet banking app named “AB Direct" and introduced four new products in the market..Using the new app, AB Bank’s customers can now enjoy banking services from anywhere and everywhere..Alongside that, four new products, AB Ilham, AB Amani, Kotipoti Deposit Schem
Egg, sugar prices became cheaper to some extent, not other commodities, he says
In July last year, the price of gold crossed the Tk 100,000-mark for the first time.
Citizens Bank recently organised an “Annual Risk Conference – 2024” at its head office in the capital’s Motijheel..Mohammad Masoom, managing director and chief executive officer of the bank, presided over the conference, the lender said in a press release..Divisional heads, branch ma
Midland Bank PLC recently signed a memorandum of understanding (MoU) with chaldal.com, the largest online grocery retail platform in Bangladesh..The online grocery retailer has more than 50,000 subscribers and 200-plus business customers across Dhaka..Iftekharul Alam, chief operating
BRAC Bank has signed an agreement with Seven Rings Cement to deliver a suite of comprehensive cash management solutions designed to optimise its financial operations..As part of this collaboration, the cement producer will benefit from the bank’s cutting-edge CORPnet platform, a digital ca
Seven purchased tender documents, but none submitted papers finally
