‘Bangladesh on right track to become middle income country’

Bangladesh is on the right track to become a high middle-income country by 2041, said Souleymane Coulibaly, acting country director for Bangladesh and Bhutan of The World Bank, yesterday. 
5 September 2023, 18:00 PM

Pran-RFL concern raises Tk 300cr thru sukuk

Banga Building Materials Limited (BBML), a concern of Pran-RFL Group, has raised Tk 300 crore issuing sukuk bonds to repair existing machinery and procure new ones. 
5 September 2023, 18:00 PM

Construction of Patuakhali EPZ to begin soon

The construction of an export processing zone (EPZ) in Patuakhali will begin soon after all land acquisition costs are cleared within the next one month or so, according to project officials.
5 September 2023, 00:00 AM

Shamim re-elected as BPGMEA president

Shamim Ahmed has been re-elected as the president of the Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) for a one-year term (2023-2024).
4 September 2023, 18:00 PM

Shift warehouses to Shyampur, get licences renewed

Traders in Old Dhaka who shift their chemical warehouses to the capital’s Shyampur will be able to get their trade licences renewed, said Dhaka South City Corporation Mayor Sheikh Fazle Noor Taposh yesterday. 
4 September 2023, 18:00 PM

Elevated expressway to help drive economic growth, job creation

The country’s two leading trade bodies -- the Metropolitan Chamber of Commerce and Industry (MCCI) and Dhaka Chamber of Commerce and Industry (DCCI) -- welcomed the inauguration of the Dhaka Elevated Expressway and termed it a historic milestone for Bangladeshi people.
4 September 2023, 18:00 PM

Why digital banks may be more successful

Bangladesh Bank issued comprehensive guidelines for establishing digital banks in mid-June. This important decision has generated a lot of excitement among different groups, including major banks, non-banking financial institutions (NBFIs) and innovative startups.
4 September 2023, 18:00 PM

Banks can’t transfer exporters’ proceeds

Bangladesh Bank yesterday barred transferring the value-added portion of export proceeds to other banks for settling the exporters’ import liabilities.
4 September 2023, 18:00 PM

Slow export, fall in remittance to put pressure on economy

The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months.
4 September 2023, 18:00 PM

Private sector’s foreign debt falls further

Short-term private sector foreign debt has continued to fall since January of this year, with new disbursements being outweighed by repayments each month this year except May.
4 September 2023, 18:00 PM

Exports rise slightly in August

Earnings from merchandise shipments in August increased slightly by 3.80 percent to $4.78 billion, mainly riding on apparel exports as all the other major sectors staged a poor performance last month.
4 September 2023, 18:00 PM

Slow export, fall in remittance a matter of concern: economists

The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months
4 September 2023, 16:25 PM

Yarn prices go up on rising RMG orders for spring

Yarn prices have been increasing in the domestic market over the last two weeks as demand from garment exporters is rising amid a hike in work orders from international clothing retailers and brands thanks to easing inflation in the West.
4 September 2023, 00:24 AM

Investors barely show interest in bank, NBFI stocks

Investors are hardly showing any interest to buy stocks of banks mainly due to the sector’s key indicators portraying a gloomy outlook. 
4 September 2023, 00:00 AM

Two panels formed to probe high egg, chicken prices

Amidst the backdrop of the recent rise in egg and broiler chicken prices, the Bangladesh Competition Commission (BCC) has formed two committees to investigate whether a lack of fair competition in the poultry industry was playing a role.
3 September 2023, 18:00 PM

Rules relaxed for hiring ex-bankers as directors

Bangladesh Bank (BB) yesterday relaxed rules for banks regarding appointment of former bankers as directors of the lenders, according to a circular.
3 September 2023, 18:00 PM

Change attitude towards lending to SMEs

Banks and non-bank financial institutions should change their attitude towards lending to small and medium enterprises (SMEs) and ease access to finance, Industries Minister Nurul Majid Mahmud Humayun said yesterday.
3 September 2023, 18:00 PM

Pragati Life Ins settles Tk 190cr claims in H1

Pragati Life Insurance has settled Tk 189.68 crore claims in the first half of 2023, an increase of 25.92 percent from the same period last year.
3 September 2023, 18:00 PM

Himadri’s share price up 60-fold

The stock price of Himadri Ltd, listed with the SME board of the Dhaka Stock Exchange, soared 60-fold in the last four months, prompting an investigation from the Bangladesh Securities and Exchange Commission (BSEC).
3 September 2023, 18:00 PM

Govt names 2nd spawning ground of hilsa

The government has announced the second spawning ground of hilsa and placed a ban on catching the fish during its peak spawning period in an effort to increase production, according to a notification by the fisheries and livestock ministry.
3 September 2023, 18:00 PM