Economy

Economy

Defaulted loans: Not possible to reopen Beximco’s 16 RMG factories

Considering the sheer volume of Beximco’s debt, the government does not think it’s feasible to reopen the textile and garment factories that were taken out of production by the group, Labour Adviser Brig Gen (retd) M Sakhawat Hussain said yesterday.

4h ago

Economy slowing, negative revenue growth shows the sign

For Bangladesh, it is no longer the question of whether the economy is destined for a hard landing or a glide to a flat state; rather the question now is how deep the descent will be.

4h ago

Cold storage owners call to suspend potato imports

The Bangladesh Cold Storage Association (BCSA) has requested the government to suspend potato imports to protect the country’s farmers from a financial disaster.

4h ago

Tk 3,000cr to be raised through sukuk for rural infrastructure

The government has decided to issue Tk 3,000 crore worth of sukuk, a Shariah-compliant bond, in March to fund the construction of bridges to connect rural roads.

4h ago

BB to implement int’l reporting standards by 2027

The Bangladesh Bank issued a roadmap for scheduled banks to implement an expected credit loss (ECL) methodology-based provisioning system that aligns with international financial reporting standards by 2027.

4h ago

Denmark’s IFU to invest $12.5m in local pharmacy chain

Denmark’s IFU will invest $12.5 million in pharmacy chain AKS Khan Pharmaceuticals for the expansion of the latter’s network, targeting to cater to 8 million patients annually within three years.

4h ago

Except for tourism, tulip in Tetulia shows little prospect

In addition to its lush tea gardens and the breathtaking view of the majestic Kanchenjunga, blooming tulips have emerged as another jewel in Panchagarh’s winter landscape -- but only as a tourist attraction, as farmers struggle to maintain cultivation and earn a profit.

4h ago

WB to give another $30m for power transmission

The World Bank (WB) will provide Bangladesh with an additional $30 million to help the country build up its power transmission network in eastern regions.

4h ago

MBA: Evolve or expire

During a job interview, Hassan, an MBA graduate, confidently highlighted his unique strengths as being his versatile skills and strategic thinking. However, when asked about specific skills like coding, data analytics, or AI, he conceded that he had not mastered any.

4h ago

Bangladesh losing over 2,500 hectares of arable land annually: expert

Around 2,500 to 3,000 hectares of cultivable land are converted and used for non-agricultural purposes every year in Bangladesh, raising serious concerns about future food security, according to experts and stakeholders.

4h ago

World's major port handlers show interest to invest in Bangladesh

Chief Adviser Yunus told Sulayem that Bangladesh wants to make Chittagong port more efficient and build more ports along the coast of the Bay of Bengal.

6h ago

Refiners shelve plan to hike edible oil prices

Edible oil refiners have withdrawn a decision to increase prices of soybean and palm oil before Ramadan. .On January 21, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association wrote a letter to the commerce secretary, informing that they would not be increasing the

7h ago

Withdraw increased VAT, duties on processed food items: agro-processors

The Bangladesh Agro-Processors' Association submitted a memorandum to the NBR

8h ago

Bangladesh loses over 2,500 hectares of cultivable land every year: DAE

The DAE has undertaken a new plan to produce safe food

8h ago

Bangladesh to raise Tk 3,000 crore in Sukuk for rural bridge project

Bangladesh Bank will float it in March this year

8h ago

Suspend potato imports: cold storage owners

The NBR has allowed potato imports through nine more customs stations along with four existing ones

9h ago

St Martin's Island: Businesses call for extending permission for travel, overnight stay

Under the banner, "Saint Martin's Island Environment and Tourism Protection-Development Alliance", the businesses made the demand at a press conference organised at the Economic Reporters Forum (ERF) auditorium at Paltan today

9h ago

Malek Spinning Mills’ profit rises 21%

The company made Tk 50.72 crore profit in Q2

14h ago