Economy

Economy

Govt increases annual increment of garment workers to 9pc

The circular also said the new increment will come into effect from December 1 and the workers will receive the salary with 9 percent annual increment in January

4h ago

EU garment import rose by 1.43pc in Jan-Oct period

Importantly, unit prices declined for most suppliers in 2024 compared to 2023, reflecting competitive pressures within the global apparel industry

4h ago

Pran-RFL Group announces plans for improving sustainability

Pran-RFL Group, one of the largest conglomerates in Bangladesh, has announced plans to improve its operational sustainability by allocating all investments in line with the UN’s Sustainable Development Goals (SDGs)..This includes ensuring the full recycling of all plastics generated by the

7h ago

India’s visa curbs / A wake-up call for Bangladesh to reform its healthcare

India’s visa restrictions on Bangladeshi nationals, while initially perceived as a barrier, could serve as a wake-up call for Bangladesh to strengthen its healthcare system and regain the confidence of its patients.

7h ago

Automation replaced 31% of garment workers: study

Automation has reduced the need for human labour in the production process of the garment sector by nearly 31 percent by mostly replacing helpers, according to a study.

7h ago

Forex market volatile again on Ramadan import rush, overdue LCs

After a five-month pause, dollar rates have started to rise, prompting the central bank to question the managing directors of 13 banks about the fresh volatility of the greenback.

7h ago

10 factories in 5 BSCIC estates running without ETPs

Seventy-year-old Shamsul Haque remembers how clean the Balutikar canal was when he moved to Kallagram village in Sylhet 20 years ago.

7h ago

Made in Bangladesh foods tied to diasporas

Bangladesh has been exporting agro-processed foods for over three decades, but the sector has not grown much and still remains highly concentrated within a few countries where Bangladeshi diasporas are the primary buyers. 

6d ago

NBR removes all import taxes on sunflower, canola oil

The National Board of Revenue (NBR) yesterday removed all import taxes on sunflower and canola oils in a bid to encourage imports, boost the supply of edible oil and curb their soaring prices in the domestic market.

6d ago

Non-leather footwear on course to half-billion export club

Bangladesh’s synthetic and athletic footwear exports have been growing rapidly, emerging as a bright spot in the country’s export basket, which is heavily dominated by readymade garments.

6d ago

Inflation expected to decline soon: Yunus

Chief Adviser Prof Muhammad Yunus yesterday admitted that the interim government has not yet been able to control inflation but expressed his belief that it would come down soon.

6d ago

Election to boost business confidence: entrepreneurs

Business leaders, economists and professionals have emphasised that an elected government is essential for restoring confidence in the business community, stabilising law and order, and revitalising the business and investment climate.

6d ago

Import duty, tax on sunflower, canola oil removed

The NBR extends 5% VAT benefit until March 31 next year

6d ago

Small farmers threaten poultry strike over ‘corporate influence’

Bangladesh Poultry Association (BPA) has threatened to halt production of broiler chickens and eggs from January 1 if the interim government failed to address their demands, including curbing the influence of alleged corporate syndicates..Corporate entities are increasingly monopolising an

6d ago

Protect in-field crops from rain on Dec 20-22, advises BAMIS

The Bangladesh Agro-Meteorological Information Service (BAMIS) made the recommendation by analysing data of Bangladesh Meteorological Department

6d ago

National advisory council on statistics restructured

New 17-member panel will work to produce globally-accepted data

6d ago

Oil drops from highest in weeks, focus on Fed rate cuts

Falls were limited, however, by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran

6d ago