Is Islamic finance facing headwinds?

Rabiul Islam, a practising Muslim who works at a private organisation, refrained from conventional banking services for many years as both paying and receiving interest are against his religious principles.
26 July 2024, 18:00 PM

RMG exporters in a race against time to offset losses

Local apparel exporters are in a frantic race to recover the losses they incurred during the latest spell of violence centring the quota reform movement and nationwide curfew, with international retailers and brands pressuring them to ensure timely delivery of goods.
25 July 2024, 18:00 PM

Remittance collection disrupted

The internet blackout for five days has affected remittance collection through banks and mobile financial services (MFS), which may put pressure on the country’s foreign exchange reserves.
25 July 2024, 18:00 PM

Current account deficit narrows

Bangladesh’s current account deficit dropped by half year-on-year to stand at $5.98 billion in the 11 months till the end of May of fiscal year 2023-24 as imports fell in tune with Bangladesh Bank’s (BB) measures amidst a US dollar crisis.
25 July 2024, 18:00 PM

Tourism jolted by curfew

Zahra Mayeesha, a 26-year-old private job holder, was preparing to return to Dhaka from a two-day vacation to Sreemangal with her husband on July 16.
25 July 2024, 18:00 PM

ADB lowers growth forecast for Bangladesh

Asian Development Bank (ADB) has revised down the economic growth projection for Bangladesh but said inflation might creep up further during the current fiscal year of 2024-25.
24 July 2024, 18:00 PM

Stocks dip amid jitters

Stocks plunged yesterday amid a sell-off, reflecting a downbeat investor sentiment as the market reopened after three days following the recent violence stemming from the quota reform movement.
24 July 2024, 18:00 PM

Garment sector reeling from shutdown

DBL Group, a leading garment exporter, usually ships apparel worth around $50 million each month.
24 July 2024, 18:00 PM

Container congestion eases slightly

Container congestion at Chattogram port eased slightly yesterday as a noticeable number of containers could be transferred to private inland container depots (ICDs).
23 July 2024, 18:00 PM

Dairy farmers’ income falls amid curfew

Dairy farmers in Pabna and Sirajganj are reporting a drop in sales revenue, citing that a few companies have either reduced or stopped making purchases amidst the curfew.
23 July 2024, 18:00 PM

RMG factories start to reopen gradually

Garment and textile factories started to gradually reopen yesterday after being kept shut for four days with the expectation that all factories will reopen today.
23 July 2024, 18:00 PM

Banks waive penalty for delayed loan repayment

Some banks have decided not to impose any interest or fees on clients for delayed payment of loan instalments, including that against credit cards, amidst a nationwide curfew and internet blackout.
23 July 2024, 18:00 PM

Bus operators stare at losses

Bangladesh has over 83,000 registered buses, with private investment in the business growing in line with the expansion of national and regional highways.
23 July 2024, 18:00 PM

How our lives are interwoven by the internet

The internet has revolutionised communication, allowing the general public to spread messages to the world with the click of button and by ensuring that business deals can be completed in minutes by facilitating the easy transfer of documents.
23 July 2024, 18:00 PM

Informal workers struggling to make ends meet

Day labourers in Dhaka are among those who are suffering the most due to the ongoing unrest along with the curfew imposed by the government to stem the violence.
22 July 2024, 15:48 PM

Transport operators sitting idle, counting losses

The violence centring the quota reform protests and associated curfew are preventing trucks and covered vans from plying the roads and highways, leading to losses for their operators alongside businesses dependent on them.
21 July 2024, 18:00 PM

Let factories run, restore internet

Garment exporters yesterday demanded that the government keep the sector out of the purview of the ongoing curfew and fast restore internet services for the resumption of production as soon as possible.
21 July 2024, 18:00 PM

Informal workers struggling to make ends meet

“I can’t get you to understand how I managed to pay for meals over the past four days,” a dejected labourer, Muzahid Hossain, said yesterday.
21 July 2024, 18:00 PM

Business takes a hit from acute port congestion

Operational activities at the Chattogram port moved at a snail’s pace on the fourth day of an unprecedented disruption due to the government’s imposition of a curfew and countrywide violence over the quota reform movement, hitting business and economy hard.
21 July 2024, 18:00 PM

No let up in price hike

Rahidul Islam, a wholesaler at Mahasthan Bazar, one of the biggest wholesale markets in Bogura, said they cannot send fresh farm produce to Dhaka and other major cities due to the unavailability of trucks.
21 July 2024, 15:48 PM