People are switching to shampoo mini-packs from regular bottles, women are sacrificing their tiny luxuries of cosmetic puffs while households are embracing cheap but substandard detergents for laundry: this is exactly what happens when brutal price pressures push around 78 lakh people below the poverty line in just two years and stalk another 1 crore to do so.
The Meghna Group of Industries (MGI), which markets products under the brand name “Fresh”, attained a turnover of $3 billion (over Tk 36,000cr) in 2024 after embarking on its journey around 50 years ago.
The export of home textiles is on the path to recovery after nearly one year because of the devaluation of the local currency, increased production capacity and improvement in gas supplies to some extent.
While hiking value-added tax (VAT) on 43 goods and services, the National Board of Revenue (NBR) is also focusing on widening income tax coverage by phasing out exemptions to raise the tax to GDP ratio.
Once a key supply hub for agricultural inputs and fuel to the greater northern region, Baghabari river port in Shahzadpur upazila of Sirajganj is now seeing more and more cargo vessels avoiding it due to years of neglect in navigability management and inadequate port facilities.
The UK car industry sold a record number of all-electric vehicles in 2024 but still fell short of the government’s mandated targets, an industry trade body said Saturday.
China is “determined” to continue opening up its economy to the world in 2025, a top economic planning official said Friday, as Beijing steels itself for potential trade turmoil when US President-elect Donald Trump takes office.
The 14th edition of the International Garment Accessories and Packaging Expo (GAPEXPO) 2025 will be held in Dhaka from January 8 to 11.
Starting from the pandemic in 2020, Bangladesh as a nation has gone through a number of incidents in the last five years followed by the Ukraine war, interest rate capping, dollar crisis, high inflation, sluggish GDP growth, banking sector exploitation, intense corruption in different layers and lastly the political changeover in August.
The Maddhapara Granite Mining Company Ltd (MGMCL) finds itself in a dire financial situation as its sales continue to plummet throughout the current year.
As Donald Trump steps up his tariff threats against China, Beijing is moving to beat the next US president to the punch with its own restrictions and get Washington to the negotiating table ahead of a full-blown trade war, analysts say.
The interim government has signed an agreement with Asian Infrastructure Investment Bank (AIIB) to avail a $158.89 million loan to implement a power transmission infrastructure project through Power Grid Bangladesh.
Power Grid Bangladesh PLC will implement the project
The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
The leading trade body also gets new senior vice president and vice president
Mansur said that much of this expenditure occurs unofficially, placing considerable pressure on the country's balance of payments.
Among the 78 lakh people, 38 lakh have become extremely poor
