The Insurance Development and Regulatory Authority (IDRA) yesterday handed over insurance claim cheques worth Tk 14.51 crore to 2,549 policyholders, as part of its efforts to speed up claim payments and rebuild public trust in the insurance sector.

“No” is not merely a word. It is a management philosophy and, occasionally, a retirement plan.

Young entrepreneurs will soon be able to get up to Tk 20 lakh in loans and grants combined to start businesses, without providing any collateral, under a new Bangladesh Bank programme.

The government has connected more than 12,000 institutions to broadband internet across the country during the first 180 days of its tenure, according to progress reports prepared by the Posts and Telecommunications Division and the ICT Division.

The Bangladesh Bank (BB) has allowed industrial enterprises operating in hi-tech parks to make certain foreign payments from their taka accounts, easing the process of settling royalty, technical know-how and technical assistance fees.

Bangladesh’s plan to turn its leather and footwear industry into a $5 billion export sector by 2030 could remain out of reach unless long-standing environmental and compliance problems at the Savar tannery estate are fixed, industry leaders said yesterday.

Local apparel exporters are fearing expensive airfreight and discounts from international clothing retailers and brands because of delays in production and timely shipment of goods due to the current energy crisis.

Remittances from the US fall nearly 36%

Global conflicts could drive demand for workers in reconstruction and infrastructure projects, Ariful Haque tells parliament

Bilateral trade stands at $12.75 billion, with Bangladesh exporting goods worth $1.89 billion to India, Khandakar Abdul Muktadir tells parliament

Exhibitors are showcasing tour packages to destinations worldwide, alongside air tickets, hotel and resort bookings, visa services, and travel deals

Parliament was told that 282 BGMEA and 120 BKMEA member factories shut during the period amid global and domestic pressures

Banks may facilitate outward remittances within prescribed limits without prior approval from the central bank or the Bangladesh Hi-Tech Park Authority

Selected entrepreneurs will receive training, mentorship, assistance with registration and business plans, and market-linkage support

The ousted Awami League-led government is responsible for the current energy crisis and high inflation, said Rashed Al Mahmud Titumir, adviser to the prime minister on finance and planning.

Business leaders call for emergency measures to cut gas use in power generation, divert more LNG to factories

Bangladesh’s garment industry will need greater access to clean energy to remain competitive as European markets and global supply chains move towards a low-carbon future, Michael Miller, the EU ambassador and head of delegation to Bangladesh, said yesterday.

As I walked through the streets of Ho Chi Minh City last week, my second trip there within a month, I couldn’t help but wish Dhaka could resemble it.

The government is set to purchase an additional 70,000 tonnes of various types of fertilisers to meet demand for the ongoing Aman season, which runs from July to October.

Higher power tariffs, gas shortages and discounts are putting pressure on margins as construction activity slows