Economy

Economy

ILO-IFC programme helps brighten garment sector’s image

Readymade garment factories enlisted under the Better Work Bangladesh (BWB) programme undergo fewer social audits compared to non-BWB units, resulting in significant savings in both time and costs..Babylon Group, which operates four garment factories, both knit and woven, previously faced

39m ago

BB orders extended banking for cattle market money transactions

Order also given to run banking activities until 10 pm in the branches

2h ago

Bangladesh's foreign debt repayment surges 25%

The country paid $3.5 billion in debt during the July-April period of FY25

2h ago

Govt plans forming new bodies for post-LDC competitiveness

Monzur Hossain, a member of the General Economics Division, said at the launch of a book by Rushidan Islam Rahman, former research director of BIDS

2h ago

Banks asked to ensure smooth ATM operations amid Eid vacation

Bangladesh Bank issued a notice in this regard today

4h ago

National budget to be placed on June 2

The finance adviser will present the budget through a pre-recorded speech

4h ago

Bida to host China-Bangla conference on investment, trade

The event will convene around 250 Chinese investors and business delegates representing nearly 100 enterprises

5h ago

Shahjalal Islami Bank to issue Tk 600 crore bond

The seven-year instrument will be issued through private placement

6h ago

OPEC Fund to provide $100m budget support to Bangladesh

The loan aims to support macroeconomic and financial sector reforms in Bangladesh, the ERD said in the statement.

1m ago

Qatar to renew LNG supply deal with Bangladesh

The original MoU, linked to a long-term LNG supply agreement, expired in January.

1m ago

Bangladesh Submarine Cables’ profit rises 8% in Q3

Bangladesh Submarine Cables PLC (BSCPLC) saw its profit grow in the January-March quarter of the fiscal year 2024-25 (FY25).

1m ago

Global shipping navigates Trump tariffs uncertainty

Shifting trade announcements have led to unprecedented volatility in the global shipping industry in recent weeks, with industry players having to constantly adapt to new US tariffs.

1m ago

Why every startup founder must master unit economics

In the glittering world of startups -- where valuations, funding rounds, and user growth often dominate headlines -- what remains understated yet absolutely vital is the understanding of unit economics. For any founder serious about building a sustainable and scalable business, grasping this financial foundation is not optional; it’s essential.

1m ago

BB eases foreign study fee payments

The Bangladesh Bank (BB) has approved the payment of admission and examination-related fees in foreign currencies for studies in foreign academic institutions, the examinations for which are held in local centres.

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Why onion prices are rising abruptly

Onion prices have been increasing over the past weeks, as farmers and traders release fewer stocks to local markets in the hope of better returns amid the government’s suspension of imports.

1m ago

Deal signed for constructing Matarbari deep-sea port

After a long wait, the Chittagong Port Authority (CPA) finally signed a deal yesterday with a Japanese joint venture to construct a terminal for a deep-sea port at Cox’s Bazar’s Matarbari, some 350 kilometres southeast of capital Dhaka.

1m ago

Offer duty-free access for garments made of US cotton

Local textile millers yesterday sought duty-free export facilities to the USA for garment items produced in Bangladesh using American cotton.

1m ago

Stocks fall for seventh straight day. Here’s why

Stocks fell for the seventh straight trading day at Dhaka Stock Exchange (DSE) yesterday as cautious investor sentiment continues to drive the market downwards amidst a confidence crisis.

1m ago