Competitive market pressures, fluctuations in raw material prices responsible for the decline
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.
Finance Adviser Salehuddin Ahmed yesterday criticised long-term tax exemption beneficiaries who, despite receiving benefits for decades, continue to make demands for further protections.
The Bangladesh Securities and Exchange Commission (BSEC) yesterday decided to conduct a special audit into three major concerns of much-discussed Beximco Group and fined 21 individuals and firms Tk 134 crore for their involvement in the manipulation of shares of Bangladesh Finance and two concerns of Orion Group.
Adani Power Ltd is seeking fresh concessions from New Delhi for its $2 billion coal-fired plant in eastern India, which is currently struggling with a payments backlog from Bangladesh, the lone buyer of its electricity, reports Bloomberg.
Despite the country’s efforts to reduce pollution and transition to cleaner cars, electric vehicle (EV) sales are yet to pick up due to multiple factors, including taxes and high registration costs, which sellers describe as “impractical”.
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.
Despite capital machinery imports decreasing sharply, the resurgence in Bangladesh’s overall imports continued for a third straight month in October due to increased production in industries, especially export-oriented sectors, signalling that there may be some light at the end of the tunnel.
Bangladesh’s land productivity declined by 0.44 percent from 2011 to 2020, likely due to soil degradation, reduced fertility and unsustainable farming practices, according to a study of the Bangladesh Institute of Development Studies (BIDS).
Bangladesh has reduced the amount of funds belonging to airlines that have been blocked from repatriation by $124 million over the last six months, the International Air Transport Association (IATA) said recently.
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
The company will establish a battery plate manufacturing industry
