In Dhaka, the teeming capital of Bangladesh, distance is not measured in kilometres, but in increments of time -- minutes and hours, or entire portions of a morning or evening.
Businesses yesterday expressed concern over the government’s move to hike the gas price for industrial and captive users and the income tax for consumer durables as those would further decelerate economic activities and fuel inflation.
Elections at major trade bodies have missed the 90-day deadline as new administrators of the business organisations seek amendments to the governing rules.
Local agro-processing giant Pran plans to invest an additional Tk 600 crore in its poultry business within the next two years, responding to the country’s growing demand for eggs and chicken.
The Dhaka Stock Exchange (DSE) has identified a lack of good governance, efficiency and transparency as key issues hindering its ability to effectively contribute to the development of Bangladesh’s stock market.
Bangladesh’s foreign exchange reserves fell to $20 billion yesterday from $21.67 billion after the country paid $1.67 billion in regional import bills through the Asian Clearing Union (ACU).
Despite plans to expand its fleet and international network, Novoair, a private airline in Bangladesh, has been unable to do so due to a global shortage of aircraft available for lease.
The US dollar charged ahead on Thursday, underpinned by rising Treasury yields, putting the yen, sterling and euro under pressure near multi-month lows amid the shifting threat of tariffs.
Dacca Dyeing & Manufacturing Co Ltd reported a staggering 344 percent year-on-year increase in losses primarily because of the gas line disconnection by Titas.
One of my senior colleagues was a file-hoarding perfectionist, minutely checking every line before approving. His room looked like a paper factory explosion! He also believed everyone was out to stab him in the back, so he trusted no one. When the boss caught him delaying, he would pull a “Chatur from Three Idiots” -- “I didn’t do it!” -- triggering a blame game that turned the office into a daily soap opera of chaos and comedy! Often, I was on the receiving end of that blame game! Trying to be perfect in an imperfect world is like ironing your pyjamas -- hard work that nobody notices, and it’s a waste of time!
Janata Bank has requested Tk 20,000 crore in urgent funds from the interim government and the central bank to overcome its fund crisis, maintain a normal cash flow and uphold depositor confidence.
Container and cargo handling at Chattogram port, the main seaport of Bangladesh, could hit record highs this year after declining steeply in the two years prior, according to official data.
Motaher Hossain Masum was frustrated last September when Confidence Cement announced a mere 10 percent dividend for the last fiscal year despite making a handsome profit.
Bangladesh Bank Governor Ahsan H Mansur yesterday said the interim government has set a target to reduce inflation to 7 percent by the end of next June and further below 5 percent in the next fiscal year.
Pharmaceutical exports from Bangladesh notched record growth in November this year as local drug makers secured new markets and larger orders, according to industry people.
Consumer financing has slowed as people are adopting a go-slow strategy for taking loans, considering the increasing trend of interest rates amid ongoing inflationary pressure.
Bangladesh Bank Governor Ahsan H Mansur yesterday said the interim government has set a target to reduce inflation to 7 percent by the end of next June and further below 5 percent in the next fiscal year..“We have reviewed many countries, including the US, the UK, European Union or Thailan
bdevinsights.com is the website of the platform
