The developing countries of the world started taking various activities for economic development in the sixties. After five decades, different countries have reached different stages of development.

Menazul Islam, a seasonal rawhide trader from Matikata Mor area of ​​Chilmari upazila in Kurigram, is in dire straits after taking a Tk 2 lakh loan for his business in hopes of turning a profit.

The government is going to import 50,000 tonnes of rice from India at Tk 32 per kilogramme, which is 32 per cent below the wholesale prices of coarse grain in the local markets of Dhaka.

With the advancements being made in agriculture, the biggest challenge now is marketing the produce, said Agriculture Minister Muhammad Abdur Razzaque yesterday.

The cost of funds for women entrepreneurs has declined as the Bangladesh Bank yesterday said they would be able to borrow at a 5 per cent interest rate under one of its refinance schemes.

Bangladesh is on the cusp of an industrial revolution as incomes rise and technology plays an ever-increasing role in the economy, according to HSBC.

Consumers are paying more for edible oil as prices have risen in the international market due to increased shipping fare and reduced supply. Retailers say soybean oil prices in Bangladesh have gone up by up to 6 per cent, or Tk 5 to Tk 10, per litre last month.

Local garment makers today urged the Indian authorities to take steps to remove barriers to trade through Bangaon-Benapole ports in order to get faster delivery of imported raw materials to make apparels for export markets.

The country’s robust economic growth has not been reflected in the capital market, said Ahmad Kaikaus, the principal secretary of the prime minister.

Finance Minister AHM Mustafa Kamal has criticised the Centre for Policy Dialogue’s recommendation to increase government monitoring on inbound remittances worth over $5,000.

Stocks ended higher yesterday riding on increased demand for banking stocks, with the benchmark index DSEX of the Dhaka Stock Exchange hitting the 6,500-point mark for the first time.

The Bangladesh Bank should raise the cash reserve ratio to mop up excess liquidity from the banking system, said the Centre for Policy Dialogue yesterday as it put forward a set of proposals for the effective implementation of the monetary policy.

Exports declined in July as reduced working days for Eid-ul-Azha and coronavirus containment measures affected the production and shipment of most of the items, including clothing, the main foreign currency earner.

Female labour participation rate in India fell to 16.1 per cent during the July-September 2020 quarter, the lowest among the major economies, a government report said, reflecting the impact of pandemic and a widening job crisis.

In Bangladesh, small and medium enterprises (SMEs) have heterogeneous characteristics, which are evident from their diverse business activities. However, the discussion on SMEs has a fundamental problem related to the definition and scope.

A weeklong roadshow styled “The rise of Bengal tiger: potential of trade and investment in Bangladesh” was organised in the USA in a bid to promote Bangladesh’s economy and the capital market.

Bangladesh needs to have the appropriate policy for intellectual property (IP) protection, the legal framework of which is still incomplete, to encourage innovation and attract foreign investment, experts said yesterday.

Another privately built jetty has come to the aid of the Chattogram port as it allowed the country’s largest seaport to use the facility to berth bulk vessels carrying heavy items.

A recent unusual price hike of the Beacon Pharmaceuticals stock prompted the company to inform investors on July 28 that it had no undisclosed information that could have instigated the rise.

Intellectual property (IP) has become a significant factor in productivity and economic growth for Bangladesh now, as the country is developing fast, experts said today.