The Islamic Development Bank (IsDB) is set to provide $56 million to Bangladesh for an inclusive sanitation and hygiene programme.

The construction of the country’s first industrial park for electrical and light engineering product manufacturers in Munshiganj is set to be complete in June.

Global ports and terminal operator APM Terminals, a subsidiary of Danish shipping company AP Moller Maersk, has expressed interest in developing and operating the under-construction Patenga Container Terminal of the Chattogram port.

Investment needs to focus on the lowest-cost, lowest-carbon oil and gas resources, UAE Industry Minister Sultan al-Jaber said at the Munich Security Conference, the state news agency WAM reported on Saturday.

The National Board of Revenue (NBR) has extended its income tax exemption facility to foreigners working at the elevated expressway being constructed under a public-private partnership.

City Bank promoted Sheikh Mohammad Maroof from the bank’s additional managing director to the post of chief business officer recently.

Shares on the Dhaka Stock Exchange (DSE) bled for the second session in a row yesterday due to a selling spree despite a reduction in the coronavirus infection rate.

Fifty years of Bangladesh is marked with a few significant achievements. The country became a $400-plus billion economy in 2021. Per capita income rose to $2,554 in FY21, which is higher than our neighbouring countries, including India.

Last year most farmers of Rangpur had no option but with a heavy heart let tomatoes rot in the fields as prices they were selling for were far from recouping labour and transportation costs.

Shares on the Dhaka Stock Exchange (DSE) bled for the second consecutive day today due to a selling spree among investors.

Businesses yesterday urged the government to hold comprehensive discussions with trade bodies before finalising the newly drafted income tax law.

The government’s move to include city corporations in the approval process for construction in Dhaka directly contradicts its effort to improve the ease of doing business in Bangladesh, according to various realtors.

Bangladesh’s economy is now rebounding from the pandemic-induced slowdown thanks to the government’s time-befitting steps alongside the implementation of stimulus packages, said the Metropolitan Chamber of Commerce and Industry (MCCI) yesterday.

Stock investors are not adequately aware of the SME board while its stringent requirements led to sparse participation, so the board was almost dormant, said Khairul Bashar Abu Taher Mohammed, CEO of MTB Capital.

The cricket bat making hub that has boomed in the last three decades in Pirojpur’s Nesarabad upazila might soon go out of business as producers have been facing severe losses since the pandemic hit the country two years ago.

Business leaders and bankers yesterday said the economy was facing various challenges, including inflationary pressure, which may weaken the ongoing recovery.

The prospect of direct container shipping from Chittagong Port to European destinations is widening as at least four more countries have expressed interest in directly transporting goods by sea from Chattogram to Europe.

Bangladesh’s garment industry might be brimming with export orders from international buyers thanks to the ongoing turnaround of the global apparel supply chain, but it is the larger units that are running in full swing while smaller ones have been pushed into corners.

Four foreign and local companies will invest $50 million collectively at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Chattogram’s Mirsarai area.

Alexandra Berg von Linde, Swedish ambassador to Bangladesh, yesterday praised local companies for going green and expressed her desire to see Sweden’s green companies coming to the South Asian nation.