Tk 60,000cr contracts awarded in 11 years based on single bids

The electronic procurement, rolled out more than a decade ago to ensure competition and cut the scope of irregularities, still suffers from a lack of competition as public agencies awarded contracts worth Tk 60,069 crore based on single bids, a new study found.
25 September 2023, 18:00 PM

Now Fitch has a negative outlook on Bangladesh

Bangladesh’s credit rating came under further threat today as Fitch put the country on a “negative” outlook while giving a damning verdict on the central bank’s policy response to the fast-depleting foreign currency reserves
25 September 2023, 16:38 PM

N Mohammad Group defers expansion plan till 2025

Mohammad Plastic Industry Limited, a concern of Chattogram-based N Mohammad Group, has deferred its Tk 500 crore expansion plans by around two and a half years citing construction materials and the US dollar turning costlier. 
25 September 2023, 03:00 AM

Forex holdings in banks fall in August

Commercial banks witnessed a drop in foreign currencies last month from that in the preceding month mainly due to a sharp fall year-on-year in the inflow of remittance and a relatively small growth in export earnings.
25 September 2023, 01:00 AM

BATBC to build Tk 151cr warehouse

British American Tobacco Bangladesh (BATBC) has decided to invest nearly Tk 151 crore to construct a warehouse and set up ancillary facilities in its Savar factory. 
24 September 2023, 18:00 PM

US wants govt action against counterfeit apparel exports

The United States has urged Bangladesh to take action to address the export of counterfeit clothing items from the second-largest garment supplier to the world’s largest economy.
24 September 2023, 18:00 PM

BGMEA demands fair price from buyers

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged members of Action, Collaboration, Transformation (ACT) for fair pricing and ethical sourcing of garment items from Bangladesh.
24 September 2023, 18:00 PM

BTMA president re-elected unopposed

Mohammad Ali Khokon, chairman of Maksons Group, has been re-elected unopposed as the president of Bangladesh Textile Mills Association (BTMA) yesterday for the 2023-25 tenure.
24 September 2023, 18:00 PM

BSCCL to issue shares to govt at Tk 75 each

Bangladesh Submarine Cable Company Limited (BSCCL) is going to issue 2.21 crore ordinary shares worth Tk 166 crore to the government, which provided the fund as share money deposit when the second submarine cable was set up.
24 September 2023, 18:00 PM

Exporters’ dollar retention limit lowered again

The Bangladesh Bank has once again lowered the US dollar retention limit that exporters have to maintain in their foreign currency accounts from the shipment proceeds as Bangladesh continues to face the shortage of the American greenback.
24 September 2023, 18:00 PM

Minori, Emerald, Jamuna join hands to produce rice bran oil

Emerald Oil and Minori Bangladesh joined hands with Jamuna Edible Oil Industries to produce and sell rice bran oil in the local and Japanese markets.
24 September 2023, 18:00 PM

Govt’s bank borrowing in check

The government’s borrowing from the banking system has remained in check so far in the ongoing fiscal year thanks to lower expenditures and higher revenue collection.   
24 September 2023, 03:00 AM

Man-made fibre plant to begin operation next month

Modern Syntex Limited, a concern of TK Group, is likely to begin commercial operations of one of the largest man-made fibre plants in Bangladesh next month at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram.
24 September 2023, 02:00 AM

BB plans raft of measures to fight economic crisis

The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.
24 September 2023, 01:00 AM

Poor states use food crisis fight to get big power attention at UN

In his speech opening the annual United Nations gathering of world leaders this week, Secretary-General Antonio Gutteres vowed - to applause - that he would “not give up” trying to get food and fertiliser from Russia and Ukraine to global markets.
23 September 2023, 18:00 PM

What makes a great workplace?

In the journey towards professional growth and personal fulfilment, finding the perfect workplace plays a pivotal role. An extraordinary workplace goes beyond the conventional norms, nurturing an environment of productivity, positivity, and progress.
23 September 2023, 18:00 PM

US-Bangla Airlines eyes expansion

US-Bangla Airlines is going to procure a record 26 aircraft soon to expand its routes and capture a major pie of the country’s aviation market currently dominated by foreign operators. 
23 September 2023, 18:00 PM

Stitchwell Designs looking to restart production

The management of Stitchwell Designs Ltd, an export-oriented garment factory, yesterday claimed that it had to stop production in 2020 after international buyers took exception to the odour of naphthalene in shirts exported by the company.
23 September 2023, 18:00 PM

Insurers to be brought under corporate governance guideline

The government is going to formulate corporate governance guidelines to ensure compliance with applicable laws and regulations and good governance in the operation of insurance companies in Bangladesh.
22 September 2023, 05:55 AM

Hilsa price rises in southern regions

The price of hilsa in the southern region of the nation has increased by Tk 2,000 a maund (37 kilogrammes) after the government approved exports of the fish to India.
22 September 2023, 05:55 AM