FDI slips but stays above $3b
Foreign direct investments to Bangladesh snapped its rising trend in 2023, highlighting the nervousness outside investors face in pumping money into a country whose foreign exchange regime is experiencing one of its worst periods in recent times
29 May 2024, 03:18 AM
How much of SME potential have we realised?
Policymakers must work together in harmony and place a special focus on SMEs, which accounted for almost 25 percent of Bangladesh's gross domestic product (GDP) in 2018, according to a Planning Division report.
25 May 2024, 16:14 PM
Challenges abound for aspiring entrepreneurs
Ashit Chowdhury, managing director of AAPON, a manufacturer of shataranji and various jute home decor products, applied for a loan of Tk 30 lakh from a private commercial bank.
24 May 2024, 18:00 PM
SMEs come together in a show of strength
Imagine walking into a shop and finding products that are identical to those at branded outlets but are being sold for only a fraction of the price levied by the well-known companies.
24 May 2024, 18:00 PM
Consumption stays low for two straight years as inflation bites
According to a provisional estimate of the Bangladesh Bureau of Statistics (BBS), consumption of goods and services grew 3.53 percent in 2023-24, up from 2.52 percent in the last fiscal year.
23 May 2024, 00:49 AM
21 life insurers failing to comply with securities investment rule
Twenty-one life insurance companies in Bangladesh have failed to comply with the rule that makes it mandatory for them to invest 30 percent of their assets in government securities, the regulator has found.
21 May 2024, 19:20 PM
Administrator appointed at Swadesh Islami Life
The Insurance Development and Regulatory Authority (IDRA) has appointed Sk Md Rezaul Islam, former additional secretary of the Ministry of Chittagong Hill Tracts Affairs, as administrator of Swadesh Islami Life Insurance Company with immediate effect.
21 May 2024, 18:05 PM
Administrator appointed for Swadesh Islami Life Insurance
Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect
21 May 2024, 11:47 AM
Eastern Insurance fined Tk 5 lakh
The Insurance Development and Regulatory Authority (IDRA) has fined Eastern Insurance Company Tk 5 lakh for not having the minimum investment required in government securities as per the Insurance Act 2010.
18 May 2024, 18:01 PM
Steel consumption to increase 25% by 2027: study
Steel consumption in Bangladesh is projected to rise by 25 percent to around 1.06 crore tonnes in 2027 from 85 lakh tonnes in 2024 thanks to growing infrastructure development projects and individual consumption, according to Bigmint.
15 May 2024, 03:00 AM
Retailers, brands flock to Uttara
The consumer market in Uttara, a planned suburb in Dhaka city, has witnessed steady growth over the years, prompting many retailers and brands to expand their operations in the area.
10 May 2024, 18:00 PM
Uttara: A city within a city
Before the 90s, Uttara offered little aside from open fields of green and waterlogged land.
10 May 2024, 18:00 PM
No commission or service fee for claim settlement
Insurance companies in Bangladesh will no longer be able to charge policyholders for commissions or service fees while settling claims, according to the “Insurance Claims Management Guideline 2024”.
8 May 2024, 03:00 AM
New entity wants to enter saturated insurance market
At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.
8 May 2024, 00:00 AM
India lifts ban on onion export amid polls in Maharashtra
India yesterday removed the ban on onion exports subject to a minimum export price of $550 per tonne, a decision that can help boost the income of a large section of farmers and comes amidst Lok Sabha polls in key producing regions, including the state of Maharashtra.
4 May 2024, 18:00 PM
AC technicians facing backlog of installation, repair orders
Ferdous Hasan, who lives in the Motijheel area of Dhaka, recently purchased an air conditioner (AC) in a bid to find some respite from the ongoing heatwave sweeping across Bangladesh. However, he has been left frustrated by a prolonged delay in installation.
2 May 2024, 15:48 PM
Potato price surges during peak season
Potatoes are at least 50 percent costlier than a year ago owing to lower production, tight supply, and the profiteering tendency among a section of people in the supply chain, dealing a blow to the consumers already reeling under higher inflation.
29 April 2024, 00:00 AM
Poultry farmers in a bind as chickens succumb to heatwave
Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.
26 April 2024, 00:54 AM
Is commodity market competitive? Experts have different views
Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.
23 April 2024, 03:00 AM
Administrator appointed for Sonali Life Insurance
Brig Gen (retd) SM Ferdous has already joined office: IDRA spokesperson
21 April 2024, 11:50 AM