BSEC chairman Shibli Rubayat resigns

Islam stepped down citing health reasons, said Abdur Rahman, secretary of the financial institution division of the Ministry of Finance, confirming receipt of the letter.
10 August 2024, 17:42 PM

BB asks banks to disallow cash withdrawals over Tk 2 lakh

The central bank also instructed banks to monitor transactions through cheques and stop any suspicious transactions.
10 August 2024, 17:15 PM

Bangladesh ranks among lowest in South Asia in consumption of fruits and vegetables

Bangladeshis consume only 155 grammes of fruits and vegetables per day, far below the global recommendation of 400 grams, according to data from the Food and Agriculture Organization.
8 August 2024, 15:48 PM

Unrest hits retail sales hard

Malls and markets in Dhaka and other major cities have been hit hard by spiralling unrest across the country following the deaths of over 200 people, including students, during the quota reform movement in recent weeks.
3 August 2024, 18:00 PM

Ctg port choked by Kamalapur ICD-bound containers

The Chattogram Port is now facing a congestion of containers bound for Kamalapur Inland Container Depot (ICD) because of the suspension of transport through railway wagons since July 18 for countrywide violence and curfew centring the government job quota reform movement.
3 August 2024, 18:00 PM

How can we ensure discipline in banking sector?

My friend who is an apparel exporter received a call from his Spanish buyer over the weekend.
3 August 2024, 18:00 PM

Govt scraps Prottoy pension scheme amid protests

The government yesterday scrapped the much-talked-about pension scheme, called Prottoy, for public universities and self-governed, autonomous and state entities amidst opposition from university teachers and spiralling unrest following the deaths of more than 204 people centring the job quota protests.
3 August 2024, 18:00 PM

Rising house rent piles pressure on low-income people

Accommodation costs in Bangladesh have risen further amid persistently high inflation during the April-June period this year, placing an additional burden on many of the country’s middle and lower-income people.
3 August 2024, 18:00 PM

Deepening political crisis adds to RMG woes

The deepening political crisis in the country has exacerbated the woes of apparel industry, with exporters facing difficulties in operating factories, shipping goods, and booking work orders.
3 August 2024, 18:00 PM

Internet outage: What message did foreign investors get?

The recent internet blackout for a week has left a big dent on the image of the country among the international community, especially investors and buyers.
3 August 2024, 18:00 PM

Tour operators suffer losses as foreigners cancel trips

The tour operators in Bangladesh suffered financial losses due to cancellation of pre-scheduled tours by foreign tourists who sought to avoid travelling in fear of violence and unrest centring the quota reform movement.
3 August 2024, 18:00 PM

48 young entrepreneurs express solidarity with student movement

They issued a statement saying that, as members of the business community, they cannot stand silently by and watch the loss of innocent lives and for people’s demands to go unheard.
3 August 2024, 15:46 PM

Stocks rebound after three-day fall

Shares of both stock markets in Bangladesh rebounded yesterday after a three-day losing streak.
31 July 2024, 18:00 PM

Foreign debt servicing surges 25.73% in FY24

Total foreign debt servicing, including repayment of the principal amount as well as interest, rose to $3.35 billion in financial year 2023-24 from $2.67 billion in 2022-23.
28 July 2024, 14:10 PM

Internet outage, curfew leave foreign investors in a bind

Violence centring the quota reform movement as well as a five-day internet blackout and the ongoing curfew has shaken foreign investors’ confidence in Bangladesh, tarnishing the country’s image as a reliable investment destination.
27 July 2024, 18:00 PM

Diesel sales jump as curfew eases

As traffic movement on highways resumed following the relaxation of the nationwide curfew imposed by the government, fuel transportation from depots to filling stations started in full swing on Wednesday.
27 July 2024, 18:00 PM

Shop owners will need a lot of time to recover from losses

The students’ movement for reforming the quota system in public jobs and the subsequent violence and curfew have adversely affected businesses, said Helal Uddin, president of Bangladesh Shop Owners Association.
27 July 2024, 18:00 PM

Food delivery hit hard by internet disruption

Bangladesh’s burgeoning online food delivery sector has been severely hit by the internet disruptions, bringing operations of the platforms to a near halt.
27 July 2024, 18:00 PM

Govt may miss IMF’s revenue collection target

Bangladesh is unlikely to fulfil the revenue collection target set by the International Monetary Fund (IMF) as part of its conditions for the fourth tranche of a $4.7 billion loan programme.
27 July 2024, 18:00 PM

RMG factories resort to weekend production to minimise loss

The garment and textile millers kept factories open on last Friday in an effort to meet the sharp deadline set by their international retailers, as the latest weeklong countrywide violence ate up four vital days of their peak production season.
27 July 2024, 18:00 PM