The year 2021 started with a hope to overcome the crisis caused by the coronavirus pandemic and rebuild the industry. With many momentous changes that happened throughout the year, it was a year of challenges and turnaround, yet a significant moment to transit to the next phase of development.

IFIC Bank is set to sell its more than 40 per cent stake in a Nepalese bank as it no longer sees its business in the Himalayan Kingdom viable.  

Export earnings hit a new record in December as manufacturers fetched almost $5 billion, backed by the surge in demand from international retailers in Europe and the US.

Remittance inflow made a slight year-on-year increase in the just concluded year in spite of the flow being slow in the last couple of months.

The stunning rebound of woven garment export after one and a half years helped lift merchandise shipment from Bangladesh in the just-concluded year, helped by rising demand and inflow of increased orders. 

Remittance slightly increased in the just concluded year after experiencing a falling trend in the last couple of months.

Export earnings made another record as it grew 48.27 per cent year-on-year to hit $4.90 billion in December 2021 thanks to a strong rebound in apparel shipment.

Business leaders today sought the prime minister’s attention to save the ailing non-textile factories, which are struggling to stay afloat owing to the ongoing financial crisis.

The government should ensure proper implementation of the national chemical guideline for the local textile and garment industry to boost exports, experts said today.

The HSBC has been recognised as the ‘best cash management bank’ at the CorporateTreasurer Awards 2021.

Dhaka stocks jumped on the first working day of the week in the hope of increasing institutional participation.

Prime Minister Sheikh Hasina today said that the government is working on a “National Smooth Transition Strategy” -- aimed at Bangladesh’s transition from the least developed country (LDC) status to that of a developing country.

The stocks maintained an upward trend in the first two hours of trading today.

The government yesterday increased the cash incentive for sending remittance through the official channel to 2.5 percent from 2 percent as it looks to stem the tide of sliding inflows.

The government will organise a programme today to celebrate Bangladesh’s achievement of qualifying for graduation from the least developed country (LDC) category.

Bangladesh’s premier seaport in Chattogram handled record number of containers in 2021 and also posted over 13 per cent year-on-year growth in container handling.

Manufacturing activity in China edged up in December, official data showed Friday, beating expectations as the price of commodities eased and despite sporadic closures due to Covid outbreaks.

Chinese telecom giant Huawei said on Friday its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by US sanctions that have hit its smartphone sales.

Today is the last day for submission of tax returns although the deadline was two days back on Friday, December 31, 2020, which being a weekend had prompted the National Board of Revenue to shift the cut-off day to a workday.

Businesses in Bangladesh hope that 2022 would be better than the previous two years as their optimism grew thanks to the ongoing strong recovery from the coronavirus pandemic.