Economy

Economy

BATTERY-RUN RICKSHAWS / Local mechanics rev up the road, now govt needs to catch up

Amid the worldwide development of electric vehicles, which is changing the traffic landscape away from fossil fuels, Bangladeshi mechanics brought their humble version of an e-vehicle to the road: a battery-run rickshaw -- awkwardly wired, with visible battery units slinging on the back.

8h ago

REHAB fair ends with Tk 403 crore worth of sales, bookings

The five-day exhibition attracted 17,729 visitors

14h ago

BAT to invest Tk 28cr to raise production capacity

British American Tobacco (BAT) Bangladesh is planning to invest Tk 28.38 crore to enhance its production capacity to meet the growing demand for its products..In a disclosure on the Dhaka Stock Exchange website yesterday, the company said the investment would be sourced through a combinati

1d ago

32 NRBs awarded

A total of 32 non-resident Bangladeshis (NRBs) have been recognised for their outstanding contributions in areas like education, healthcare, industry, financial services and agriculture after returning to the country..Commerce Adviser Sk Bashir Ahmed handed over the awards during an event,

1d ago

Agrani Bank’s health deteriorated fast in last five years

Once a reputable state-run commercial lender, Agrani Bank saw its financial health deteriorate fast over the past five years, mainly due to massive lending to politically backed businesses, mismanagement by the board and fallouts of Covid-19.

1d ago

Vietnam may surpass Bangladesh in garment export: report

Vietnam is set to generate $44 billion this year through garment exports, surpassing Bangladesh, which is currently the world’s second-largest garment exporter, according to a Vietnamese media report.

1d ago

Businesses face trouble as EC cancels NID data deal with Computer Council

Businesses ranging from banks to courier services and fintech companies are now facing trouble in onboarding new customers after the Election Commission (EC) recently cancelled access of the Bangladesh Computer Council (BCC) to the national identification card database.

1d ago

REHAB fair gives realtors a reality check

Real estate developers in Bangladesh participating in REHAB Fair-2024 were unsure of the event’s potential outcome until yesterday, when the sparse presence of visitors, let alone potential buyers, gave a reality check of the persistent economic challenges.

1d ago

China’s Xi warns ‘no winners’ in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be “no winners” in a trade war with the United States and vowed the country would hit its growth goals for the year.

2w ago

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak

2w ago

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry

2w ago

City Bank restructures salary to support employees amid inflation

Salaries will be increased a minimum of 10 percent and a maximum of 50 percent

2w ago

Bangladesh’s exports may rise as Trump considers tariffs on China, says top businessman

"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

2w ago

Long-term tax exemption beneficiaries still seeking additional benefits: finance adviser

He also emphasises a shift away from dependency culture 

2w ago

BFIU asks banks to provide account details of Hasina, Rehana

The anti-money laundering agency also seeks banks details of Bangabandhu Sheikh Mujibur Rahman Memorial Trust 

2w ago

Stocks up in morning trade  

Total turnover stood at Tk 80.31 crore

2w ago

NBR conducts drive at resort of ex-DB chief’s relatives

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.

2w ago

What exactly were global institutions overseeing?

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.

2w ago