Geyser, once thought to be a luxury item afforded only by the wealthy, is increasingly gaining popularity among lower and middle-income groups in Bangladesh as they heat water to beat winter.

The National Board of Revenue (NBR) has formulated the country’s first-ever comprehensive policy for private inland container depots (ICDs) in order to facilitate their operations and expand Bangladesh’s foreign trade.

The stage is set for Bangladesh’s cotton imports to cross the 9 million bales mark this year for the first time despite the pandemic’s severe fallout in the global supply chain because of a sudden rise in demand for yarn and fabrics from local garment exporters.

Industrial safety in the non-garment sector has been deteriorating day by day, said the Centre for Policy Dialogue (CPD) yesterday.

Mohammad Polash, an owner of a food cart in Mohammadpur’s Town Hall market, opened a micro-merchant account with bKash a month ago.

Work is underway to set up an export processing zone (EPZ) in Patuakhali centering the Payra sea port.

Bangladesh is expected to become the 24th largest economy in the world by 2030 despite a rise in poverty, unemployment and income losses because of the severe impacts of the Covid-19 pandemic, according to a government report.

The central bank should depreciate the taka against the US dollar gradually, if necessary, in order to avoid hurting the economic recovery and stocking inflationary pressures as Bangladesh is an import-dependent country, said Mostafa Kamal, chairman and managing director of Meghna Group of Industries.

Factory inspection teams have identified fire safety infractions at around 979 units in the past two months.

Bangladesh Bank has fined National Bank Tk 55 lakh for concealing loan related information of 11 persons, which was a gross violation of banking rules.

The poor too can contribute to the advancement of society if they are given education, skills and the opportunities to flourish, said Nobel laureate Abhijit Banerjee yesterday.

Bangladesh is expected to become the 24th largest economy in the world by 2030 despite a rise in poverty, unemployment and income losses because of the severe impacts of the Covid-19 pandemic, according to a government report.

Bangladesh will for the first time import 9 million bales of cotton this year thanks to the sudden rise in demand for yarn and fabrics, said Mohammad Ali Khokon, president of Bangladesh Textile Mills Association (BTMA).

The Bangladesh Bank has fined National Bank Tk 55 lakh as it tried to conceal loan related information of 11 persons, which is a gross violation of the banking rules.

Experts suggest giving top priority to improving power transmission and distribution alongside on shore and offshore gas and oil exploration, as Bangladesh will need an estimated 34,000MW of power by 2030 to sustain economic growth of over 7 per cent.

Citi announced Tuesday it will exit its Mexican consumer banking business, the latest reorganization effort to steer the US financial heavyweight towards higher-return ventures.

The US dollar will not fluctuate much in Bangladesh despite worries expressed by market operators as the rate is set under a floating exchange rate regime, not by the government, said Finance Minister AHM Mustafa Kamal yesterday.

Bangladesh’s economy is projected to grow 6.9 per cent in fiscal year 2022-23 thanks to strong export growth and a rebound in domestic demand, the World Bank (WB) said in its Global Economic Prospects released on Tuesday.

The Customs House Chattogram (CHC) and the VAT Intelligence have already conducted several investigations to find the destination of fake cigarette band rolls that dodged the eyes of authorities.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday called upon the government to increase public awareness on Covid-19 rather than imposing another lockdown in a bid to curb the third wave of infections.