In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota

DC Industry (Bangladesh) Company Ltd signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) yesterday to set up a bag and wallet manufacturing facility in Bepza Economic Zone at Mirsharai, Chattogram with an investment of $5.36 million.

The government will purchase 90,000 tonnes of urea fertiliser and 20,000 tonnes of red lentils under four proposals approved by an advisory committee on public purchase in its first meeting yesterday since the interim government took to office.

More than 50 years ago, the invention of silicon-based microprocessors catalysed the progress of automated instruction-led activities in industries. Gradually, that led to the adoption of computers in business, which was later followed by technology-led business transformations. What we see today as enterprise resource planning (ERP) system implementations and upgrades to cloud-based ERP systems in organisations – including those in Bangladesh – have been built on technological inventions like microprocessors and algorithms.

Hundreds of rows of gleaming panels blanket swathes of scrubby sand at sunset in a remote northern Chinese desert -- once the biggest solar farm in the world.

The government yesterday formed a 12-member committee led by Dr Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD), to prepare a white paper on the state of Bangladesh’s economy.

Foreign loan disbursements for development projects in Bangladesh fell nearly 12 percent year-on-year last July, doing little to ease pressure on foreign exchange reserves.

Local production of handsets saw a significant increase in the first half of the year, but manufacturers continue to face challenges due to reduced demand for high-end smartphones.

The Bangladesh Securities and Exchange Commission (BSEC) yesterday scrapped its plan to bring voice calls and internet data of stock market investors under surveillance.

The Bangladesh Securities and Exchange Commission (BSEC) has decided to reset the lower limit of the circuit breaker mechanism to 10 percent from 3 percent for all publicly traded companies.

Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.

The government is seeking as much as $8 billion in budget support by December from the development partners, including the International Monetary Fund (IMF), to pay back foreign liabilities and boost foreign exchange reserves.

The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.

Gold prices fell on Wednesday under pressure from a stronger dollar and uncertainty ahead of a key US inflation report that could provide more clarity about the Federal Reserve’s September policy meeting.

The BBS said Bangladesh’s unemployment rate increased to 3.65 percent in the second quarter of 2024 from 3.41 percent in the same period a year prior.

The Bangladesh Financial Intelligence Unit (BFIU) today directed all banks to freeze accounts belonging to Salman F Rahman, the former adviser on private industry affairs to former Prime Minister Sheikh Hasina, along with those of his wife and son.

Bangladesh Financial Intelligence Unit (BFIU) today asked banks to freeze the accounts of Obaidul Quader, Awami League general secretary and former road transport and bridges minister, and former lawmaker Sheikh Fazlul Karim Selim and their family members. 

The regulator found Shakib and his company Monarch Holdings involved in several stock market manipulation

They want an administrator for the jewellers’ association

The forum sent a letter to the chief adviser of the interim government and the commerce ministry