Export to Asia growing fast
Bangladesh’s exports to Asian markets are growing steadily thanks to increasing demand from several major markets but the country needs to sign trade pacts and diversify products in a continent where the consumer class is fast expanding.
19 April 2023, 02:00 AM
IFIC Bank aims to serve one out of every four families
IFIC Bank Ltd, one of the oldest banks in Bangladesh, is expanding its physical presence fast across the country in its bid to bring one in every four families under its network, said its top executive.
18 April 2023, 03:00 AM
Capital machinery imports keep falling
Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales.
18 April 2023, 02:00 AM
Int’l air travels surge in Bangladesh in 2022
International air traffic to and from Bangladesh hit the highest at least in four years in 2022, riding on pent-up demand for travel by migrant workers, non-resident Bangladeshis and the upper-middle-class segment.
12 April 2023, 02:00 AM
Female bankers in top positions on the rise
An increasing number of female bankers are gradually securing top positions at banks thanks to their skills, competence and dedication, according to a Bangladesh Bank report released yesterday.
10 April 2023, 18:00 PM
More farmers joining in synchronised cultivation of rice
For the first time in his 30 years of farming, Samaresh Mondal is growing dry-season rice, locally named Boro, along with 50 of his peers in a synchronised manner in their locality of Satibunia under Botiaghata upazila of Khulna.
9 April 2023, 04:00 AM
Private wheat imports slump 45%
Wheat imports by the private sector have continued to remain low in Bangladesh than the last fiscal year as businesses are facing persisting difficulties in opening letters of credits owing to the dollar shortage at banks.
7 April 2023, 03:30 AM
Shrimp exports recovering from downturn
Shrimp exports are gradually recovering from a downturn earlier this year mainly due to increased demand and prices for freshwater prawn and partly for brackish water shrimp locally known as black tiger, two exporters said.
4 April 2023, 02:00 AM
World’s greenest factory: making clothes, caring for nature
While passing through Nijhury Baraid Bazar, Bhaluka, around 100 kilometres north of Dhaka, anyone would spot the factory building on the side of the road.
2 April 2023, 03:00 AM
Hybrid rice planted on record area
Farmers have planted hybrid rice on the highest amount of land in the current Boro season, the source of the biggest crop output, to profit from higher production and prices of the staple grain in the market.
29 March 2023, 02:30 AM
City Bank: a phoenix in Bangladesh’s banking sector
Many banks in Bangladesh struggled to ensure expected profit in the last couple of years owing to the business slowdown, but The City Bank Ltd managed remarkable returns on the back of corporate governance and diversified products.
28 March 2023, 03:00 AM
NBFIs lose over 48,500 deposit accounts in 3 months
Non-bank financial institutions in Bangladesh lost 48,637 deposit accounts in the three months to December as savers moved away from NBFIs owing to the imposition of the cap on the deposit rate and the erosion of confidence in the wake of allegations of irregularities at some banks.
27 March 2023, 03:30 AM
Soybean consumption to rise in Bangladesh: USDA
However, households are shifting to palm oil from soybean for high prices
25 March 2023, 13:49 PM
Shwapno targets massive expansion
Shwapno, the largest retail chain in Bangladesh, plans to raise the number of its stores by 10 times to 3,000 in the next three to five years to meet the growing demand for comfortable shopping among urbanites and become a profitable entity by increasing sales volume.
24 March 2023, 03:30 AM
Foreign banks see spike in deposits
Foreign banks operating in Bangladesh registered an 8.57 per cent growth in deposits in the October-December quarter of 2022, the highest since 2018, as many savers shifted their funds from local banks amid a confidence crisis.
21 March 2023, 02:00 AM
Ensuring corporate governance, curbing NPL biggest challenges
The observation comes from Ali Reza Iftekhar, managing director and chief executive officer of Eastern Bank Ltd.
11 March 2023, 18:00 PM
Women-owned MFS accounts falling
Although the number of mobile financial service (MFS) accounts has grown in Bangladesh, the ratio of accounts held by women is falling, which, analysts say, is not desirable as increased participation of female is necessary for digital financial inclusion and gender equality.
7 March 2023, 03:00 AM
Jute bags mandatory, in practice a different story
The use of jute sacks to package 19 commodities remains a far cry 13 years past the enactment of the Mandatory Jute Packaging Act 2010.
6 March 2023, 03:00 AM
Export brings $4.63b in Feb, lowest in four months
Bangladesh’s export earnings stood at $4.63 billion in February, the lowest in four months, although overall receipts rose 7.81 per cent year-on-year led by apparel, leather and leather goods shipments, official figures showed yesterday.
3 March 2023, 02:00 AM
‘Never be complacent, take up new challenges to achieve perfection’
Chowdhury believes this has been the story behind success in the recent years for LafargeHolcim Bangladesh
28 February 2023, 13:59 PM