The demand for consumer electronics in the mid to high-end categories has declined drastically in Bangladesh as most people are shifting to cheaper alternatives or avoiding purchases altogether amid persistent inflation.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday requested the Australian high commissioner in Bangladesh to take measures regarding approximately $20.30 million in outstanding payments that a Sydney-based company owes to 23 local exporters.

The National Board of Revenue (NBR) yesterday granted a 10-year tax benefit for investments to establish renewable energy-based power facilities with the objective to facilitate generation of clean energy.

Grameenphone reported a decline in its revenue in the July-September quarter of 2024 while its profit grew marginally due to political turmoil and floods in the eastern part of the country.

The Bangladesh Telecommunication Regulatory Commission (BTRC) has drafted guidelines for satellite internet service operators, permitting wholly owned foreign companies to obtain licences -- paving the way for Elon Musk’s Starlink and similar companies to enter Bangladesh.

Smooth logistics, banking services and security for industries are a must to ensure a revival of economic activities that have been disrupted following the mass uprising that toppled the previous government.

Indices of Dhaka Stock Exchange (DSE) bounced back strongly yesterday on plummeting to a four-year low on the previous day as investors cautiously traded select shares to pocket short-term gains amidst price movements..A Dhaka-based investor said a section of investors went on to buy selec

Stabilise forex reserves, manage inflation to overcome, it said

However, operational efficiency and rise in net finance income softened the impact

Its July-September profit was Tk 419.62 crore 

It recommended 40% cash dividend, highest in 8 years

DSEX gained 52.87 points in the first hour 

Bangladesh recorded its lowest economic growth in the past five quarters in the last quarter of fiscal 2023-24 due to contractionary monetary and fiscal policies to tackle the dwindling forex reserves and high inflation.

A “staffer of S Alam Group” took out Tk 118 crore from Union Bank without any approval or following any banking norms, indicating how the controversial business conglomerate used the bank.

Bangladesh Bank Governor Ahsan H Mansur has accused tycoons linked to the toppled Sheikh Hasina regime of working with members of the country’s powerful military intelligence agency to siphon $17 billion out of the banking sector during her rule.

Two factories of state-owned Bangladesh Textile Mills Corporation (BTMC) are being reopened after 27 years through a private-public partnership (PPP) with Pran-RFL Group..RR Textile Mills in Sitakunda and Rajshahi Textile Mills will be relaunched after being renamed Chittagong RR Textiles

Khulna Power Company Ltd (KPCL) has decided to shut down its 115-megawatt unit in Khulna and 40-megawatt unit in Jashore, citing uncertainty over its power purchase agreements (PPAs) with the Bangladesh Power Development Board (BPDB).

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November’s US presidential election.

Chief Adviser Dr Muhammad Yunus has called on Saudi Arabia to increase its investment in Bangladesh, highlighting the potential for deeper energy and economic ties between the two friendly nations.

Chief Adviser Dr Muhammad Yunus announced new measures to simplify income tax filing in Bangladesh, addressing both individual taxpayers and corporate employees on his official Facebook page yesterday.