Interest rate will also be increased, says Bangladesh Bank governor

British-Irish company Deltaport Ltd will invest $36 million to set up a garments factory in the BEPZA EZ at Mirsarai in Chattogram.

Stock markets in Bangladesh experienced a slight downturn yesterday, following two consecutive days of gains last week. .Cautious investors traded lucrative shares, particularly blue-chip ones, amid ongoing price fluctuations. A blue chip is a well-established and financially sound company

Driven by strong GDP growth and robust manufacturing and emphasis on building infrastructure, India is on its way to becoming the third largest economy soon and has the potential to add $1 trillion to its GDP every 1.5 years to reach the $10 trillion economy mark by 2032, a new report showed on Saturday.

Officials of the Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday demanded the restoration of the commission’s independence in line with the original Telecommunication Regulation Act 2001.

Profound shifts in the world economy could make inflation volatile for years to come, complicating efforts to control prices, but sticking with inflation-targeting regimes is still the best option, European Central Bank President Christine Lagarde said on Friday.

About 6.3 million people dropped below the poverty line due to healthcare spending in 2022, with 61 percent of the hospitalised patients finding themselves in financial trauma, according to the Bangladesh Institute of Development studies.

Meghna Automobiles, the automotive arm of Meghna Group, began selling three locally assembled sport utility vehicles (SUVs) of South Korean automobile manufacturer KIA recently.

The Bangladesh Securities and Exchange Commission (BSEC) has sought assistance from the World Bank to upgrade its capital market surveillance system to international standards.

The International Monetary Fund (IMF) is likely to give more reform recommendations to reduce subsidies and increase revenue collection for an additional $3 billion loan sought by the interim government, according to a top official of the multilateral lender in Dhaka.

CFA Society Bangladesh, a platform of chartered financial analysts of the investment and fund management industry, yesterday urged the interim government to make the list of loan defaulters public to enhance transparency and limit their access to state services.

The decision to allow 3,000 tonnes of hilsa to be exported to India from Bangladesh ahead of the upcoming Durga Puja festivities was made considering the greater interests of the country, according to Salehuddin Ahmed, commerce adviser to the interim government.

Five crisis-hit banks have obtained a Bangladesh Bank (BB) guarantee to avail liquidity support from the inter-bank money market, according to central bank officials.

It is akin to wizardry and one has to start working in the field at a younger age to become skilled in this profession

The government high-ups took the decision

Bangladesh now boasts 229 eco-friendly garment factories, according to the Bangladesh Garment Manufacturers and Exporters Association (BGMEA)

Money deposited in the Central Fund for the welfare of garment workers in Bangladesh is at risk as the disbursal activities lack transparency, according to AHM Shafiquzzaman, secretary to the Ministry of Labour and Employment..The way the immediate past government handled deposits and spen

The government has approved conditional export of 3,000 tonnes of hilsa to India citing the upcoming Durga Puja.

In order to narrow or meet the investment gap and more so, to abide by employment generation obligations, every country needs foreign direct investment (FDI).

Sales of cement nearly halved in the last couple of months as real estate developers shelved construction plans while public projects came screeching to a halt in the face of nationwide unrest and the sudden political changeover.