Traders reluctant to import rice despite tariff cuts

Rice traders in Bangladesh are less interested in importing the grain despite the recent slash in related tariffs as they do not believe there is enough of a profit margin because of high prices on the international market.
24 October 2024, 18:00 PM

Meeting $100b garment export target by 2030 tough, but feasible

Bangladesh’s ambitious $100 billion garment export target by 2030 is currently facing a number of challenges both at home and abroad, but local manufacturers and business leaders are still optimistic about achieving the goal.
24 October 2024, 18:00 PM

RMG units struggle to adopt global reporting standards

Local garment factories are struggling to implement the Global Reporting Initiatives (GRI) standards, a set of 246 globally accepted standard issues, owing to a raft of factors, including a lack of data, local expertise, national policy directives and incentives, according to a keynote paper presented yesterday.
24 October 2024, 18:00 PM

New administrator forms 10-member panel to run BGMEA

They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
24 October 2024, 15:55 PM

Hilsha hunters hit by 22-day ban seek increased govt assistance

Each fisherman will get 25 kgs of rice under the VGF scheme during the ban beginning on October 13
24 October 2024, 15:18 PM

Pubali Bank’s profit surges 43% in Jan-Sep

Investment income and increased net interest lift earnings
24 October 2024, 08:29 AM

Square Pharmaceuticals reports Tk 2,092 crore profit in FY24 

Buoyed by the profit growth, Square Pharma’s board has recommended a 110 percent cash dividend, its highest in nine years
24 October 2024, 08:24 AM

Stocks fall as early losses hit market sentiment

DSEX sheds 44 points as turnover remains sluggish
24 October 2024, 06:19 AM

Fashion brands face criticism for failure to protect labour rights in Bangladesh

Fashion brands, including H&M and Zara, are facing criticism over their lack of action to protect workers' basic rights in Bangladesh, according to Clean Clothes Campaign (CCC)..One year after a violent crackdown by state actors and employers against Bangladeshi garment workers protesting
23 October 2024, 18:32 PM

Interim govt’s economic initiatives show positive results: ICCB

The country is witnessing the impacts of initiatives taken by the interim government within two months of taking office, including increased flow of remittance, improved foreign exchange reserves, reduced fuel prices and accessible loans for export industry workers, according to the Internationa
23 October 2024, 18:02 PM

Building a loyal customer base

Talking about any industry from anywhere on the globe, customer loyalty stands as the foundation for a stable and long-term business venture. Considering Bangladesh, where market dynamics are very complex and rapidly evolving, nurturing customer loyalty is more crucial.
23 October 2024, 18:00 PM

IMF lowers China growth forecast for 2024

The International Monetary Fund (IMF) revised its forecast for China’s growth this year down slightly to 4.8 percent on Tuesday, warning that a persistent downturn in the real estate sector could potentially worsen.
23 October 2024, 18:00 PM

Trust distinguishes MTB from other banks

In the competitive local banking landscape, Mutual Trust Bank PLC (MTB) differentiates itself by offering trust to its customers, says Syed Mahbubur Rahman, managing director and chief executive officer (CEO) of the bank.
23 October 2024, 18:00 PM

No documents needed to file e-return

To ease online tax return submissions, taxpayers will not be required to submit any documents or soft copies when filing an e-return, according to the National Board of Revenue (NBR).
23 October 2024, 18:00 PM

Why stocks on a downward curve

The stock market index has been on a downward trajectory for the past two months, as a brief surge following the August political changeover quickly fizzled out.
23 October 2024, 18:00 PM

Investors don’t get clear picture as banks barely follow IFRS

Unlike other companies in Bangladesh, banks and non-bank financial institutions have not been fully adhering to the International Financial Reporting Standards (IFRS), so the real scenario of the financial sector is hidden from public view.
23 October 2024, 18:00 PM

Govt borrowing from banks rises as unrest hits tax collection

The government’s net borrowing from the banking system rose in the first two and half months of the current fiscal year in the face of falling tax collection and surging foreign debt servicing costs, raising concerns of a crowding out effect on private credit.
23 October 2024, 18:00 PM

India eases rice export curbs further

The Modi-administration withdraws the minimum export price of $490 per tonne on overseas shipments of non-basmati white rice
23 October 2024, 15:25 PM
23 October 2024, 14:51 PM

SMEs hit hard by August floods need govt assistance to survive

Most SMEs lost all of their belongings and now seek government assistance
23 October 2024, 12:33 PM