An International Monetary Fund (IMF) delegation due to arrive later this month will assess Bangladesh’s potential financial needs as the country sought a fresh $3 billion loan from the multilateral lender.

The workers’ demands are logical so owners should sit together to address this and restore stability to the garment industry, the country’s largest export-earner, said Kalpona Akter, president of Bangladesh Garment & Industrial Workers Federation.

City Bank PLC is investigating how and why it spent about Tk 86 crore, or roughly one-third of its total market exposure, on purchasing shares of Sea Pearl Beach Resort and Spa Ltd in 2023, according to bank officials.

Ride-hailing firm Pathao yesterday announced that it had raised $12 million to ramp up its fintech offerings in a much-needed boost for Bangladesh’s start-up ecosystem, which has been grappling with shrinking funding in recent times.

American companies operating in Bangladesh yesterday expressed concern over the law and order, especially in light of the recent unrest in industrial zones, and also highlighted issues regarding profit repatriation amid the ongoing dollar crisis and challenges in the supply chain resulting from congestion at ports.

The price of gold will increase by 2.8 percent from the previous rate of Tk 126,321 a bhori, which has been effective since September 2.

The interim government will not bring down the revenue collection target for the current fiscal year as it aims to mobilise more domestic resources to reduce reliance on foreign loans, according to Finance and Commerce Adviser Salehuddin Ahmed.

The garment factory owners today decided to shut down their production units from tomorrow under “no work no pay” policy for an indefinite period if the labour unrest continues further

Pathao has raised $12 million in a pre-series B funding round as part of the company’s strategic shift towards fintech

American private sector can help unlock Bangladesh’s growth potential through trade and investment with the right economic reforms in place, said the US Embassy in Dhaka on Saturday

36 factories are indefinitely closed under the 'no work no pay' provision of labour law. Some 13 factories have declared general holidays

The share market in Bangladesh ended the week with a mixed performance as the Dhaka Stock Exchange (DSE) extended its gaining streak while the Chittagong Stock Exchange (CSE) witnessed a downward trend yesterday..However, investors and industry people voiced optimism about the return of go

Bangladesh’s foreign exchange reserve has dropped to $19.44 billion after the payment of $1.37 billion in import bills of July and August.

Tianhui Button (BD) Co Ltd is set to invest $4 million to establish a garment accessories production unit at an export processing zone (EPZ) in Cumilla sadar upazila.

While being interviewed, Jamil was asked if he was ok with working overtime without extra pay, and he quipped, “I can, as long as you don’t expect results”, to which the interviewer laughed, acknowledging the playful exchange.

The administrator of Nagad, a company that provides digital financial services under the Bangladesh Post Office, decided to conduct a forensic audit of all its previous work alongside a regular audit for fiscal year 2023-24.

The Bangladesh Economic Zones Authority (Beza) is likely to seek suggestions from top government officials over deciding the fate of two Indian special economic zones (SEZs), which have not seen any visible development over the past two years or so. 

The government has requested China to lower the interest rates on existing Chinese loans to 1 percent and extend the repayment period to 30 years.

Bangladesh may miss its target for cultivation of the Aman rice, the second biggest rice crop, this year as farmers in the eastern districts are unlikely to transplant the seedlings again in fields that were washed away by last month’s devastating flood.

Luxury hotels in Dhaka are yet to resume normal business activities as foreign and local clients do not feel confident in travelling to the country given that the overall situation is still unstable.