The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has signed a memorandum of understanding (MoU) with Green Power Ltd to help garment factories become more energy efficient with green and clean sources of energy.

Banking has become relationship manager (RM)-driven in Bangladesh over the last three decades whether it is corporate, commercial, or retail banking. Large clients in corporate or wealth management segments demand very personalised or structured product support backed by world-class service.

The government has formed a committee as part of efforts to appoint developers to establish economic zones in partnership with other countries or one or more state organisations.

On June 29, United Commercial Bank PLC completed 40 years of its operation. Marking the anniversary, Arif Qaudri, managing director and chief executive officer of UCB, talked about the bank’s achievements and future plans as well as the challenges confronting the banking sector, among other issues, during an interview with The Daily Star recently.

Exports of processed agricultural products declined in the immediate past fiscal year for a hike in the cost of production and raw materials which eroded competitiveness in the international market, according to Ahsan Khan Chowdhury, chairman and chief executive officer of Pran-RFL Group. 

A number of businesses yesterday demanded that the prime minister enable a stable political and business-friendly environment to build up a “Smart Bangladesh” by 2041. 

Finance Minister AHM Mustafa Kamal left the country for India yesterday morning to attend a two-day G20 summit of finance ministers and central bank governors of the member states, which will begin in Gujarat tomorrow.

Syndication by market players is not the only reason for the elevated price of green chili in Bangladesh as changing weather patterns has led to reduced supply, according to experts.

The slowdown in the global economy stemming from the fallout of Covid-19 and the Russia-Ukraine war sent merchandise shipment to the United States from Bangladesh lower in the just-concluded fiscal year.

Fu-Wang Foods Limited stocks surged 83 per cent in the span of nine trading days despite repeated warnings from the company that it has no undisclosed information that could contribute to such a jump. 

In the world that we live in, data is gold, as the saying goes.

DBL Lifestyles, a concern of DBL Group, will open a Nike store in Road 11 of Banani, Dhaka offering a wide range of footwear, apparel and accessories.

It is unlikely for Bangladesh to face any immediate problem if India bans rice exports thanks to ample food stocks in public storages and good harvests in immediate past two crop seasons, said food ministry officials and a rice importer yesterday. 

HBM Iqbal, founder chairman of Premier Bank Ltd, won the “Bangladesh’s Best Bank Chairman 2022” award by AsiaOne, a Singapore-based international business magazine.

BSRM, the largest steel manufacturer in Bangladesh, has opened its first letter of credit (LC) in the Indian rupee (INR) to import spare parts of machinery, a day after the launch of trade settlements using the currency of the neighbouring country.

The Valor of Bangladesh (VoB) will form a knowledge-based platform by collaborating with policymakers, business leaders and economists who will help local stakeholders through knowledge and experience sharing.

The Green Climate Fund (GCF) has approved two project proposals of Palli Karma-Sahayak Foundation (PKSF) involving $80 million to combat the adverse impacts of climate change. 

Bangladesh's domestic and external debt stands at around Tk 16.14 lakh crore, according to the latest report of Bangladesh Bank

The sale of vehicles of state-run automobile assembler Pragati Industries Limited has declined 75 per cent year-on-year in fiscal year 2022-23 owing to a halt in such purchases by the government. 

Bangladesh’s garment export to India crossed the $1 billion mark for the first time last fiscal year riding on duty free entry and rising demand from a growing middle class.