The commerce ministry yesterday asked Bangladesh Bank to ensure that banks seek digital business identification (DBID) numbers when opening business accounts for companies engaged in e-commerce.

British-Irish company Deltaport Ltd will invest $36 million to set up a garment factory in the economic zone of Bangladesh Export Processing Zones Authority (Bepza) at Mirsarai in Chattogram.

Bangladesh has one of the slowest mobile data speeds in the region, lower than neighbouring Myanmar, with prices higher than neighbouring India and Pakistan or even developed nations like Italy and France.

Exports grew 2.9 percent in July, the first month of fiscal year 2024-25, driven by higher shipments of winter clothes for the Western markets.

Growth in India’s business activity slowed to a nine-month low in September amid a slight cooling in demand and an uptick in costs, according to a survey that also showed services sector jobs rose at the fastest pace in two years.

Bangladesh, along with other least developed countries (LDCs), will enjoy zero-tariff access when exporting any product to China from December 1 this year.

What does it take to manage  undistributed money of stock investors and hand it over to rightful recipients? You appear to be wrong if the answer is simply sincere effort.

The government’s revenue collection in the first two months of the current fiscal year has been 11 percent lower year-on-year, which the tax administration attributed to the recent political unrest and the interim government’s emphasis on doing away with inflated figures.

The Bangladesh Bank will increase the policy rate twice and interest rate once by October to tame double-digit inflation, central bank Governor Ahsan H Mansur said at a press briefing yesterday.

The Ashulia industrial belt saw an increased number of garment factories shut yesterday amid a fresh wave of unrest among workers of dozens of units for several demands, including a wage hike.

Workers of Seasons Dresses Limited in Gazipur city blocked the Dhaka-Mymensingh highway for around seven hours today demanding the remaining half-month salary of July

The banks are National, First Security, Social Islami, Union, Commerce, Global Islami, Islami, Padma and ICB Islami

The centre will assist taxpayers seeking to submit tax returns in compliance with regulations

The chamber met industries adviser, discussed collaborative approaches to tackle industrial challenges

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

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.