Bangladesh Jeweller's Association will organise the three-day International Jewellery Machinery Exhibition Bangladesh 2024

The development comes a day after he was asked not to attend the board meetings of the state-run bank

The benchmark index slipped 0.51% to 5,220.18 points

A sliding yuan and extensive outflows of cash from the mainland into Hong Kong show China’s domestic investors are shelving expectations for any immediate recovery in their home markets and fleeing to the closest better-yielding assets.

Bangladesh’s IT exports declined in July-March of the current financial year, highlighting the country’s struggle to gain a foothold in the global information and communications technology sector.

The government’s target in the proposed budget for 2024-25 on increasing private sector investment is ambitious and will be difficult to achieve, said businesspeople and experts citing high bank interest rates and a shortage of US dollars.

The budget for the next fiscal year may not be able to end the chronic gas shortage, cut import reliance and guarantee credible supply of electricity as it has fallen short of taking up sufficient measures needed to ensure energy sustainability, the Centre for Policy Dialogue (CPD) said yesterday.

The Asian Development Bank (ADB) is expected to provide $20.8 billion in loans to Bangladesh in the next four years as the country looks to accelerate economic growth and attain the upper-middle-income status in less than a decade.

According to Bangladesh Business Climate Index 2024

The policy would aim to bring down inflation

A price spike of blue-chip stocks played an important role for the gain

The disclosure comes a couple of hours after the finance ministry transferred Matiur to the Internal Resources Division from the NBR

The think-tank said in a paper presented at an event on power and energy sector in the national budget for FY25

City Bank recently signed an agreement with the OPEC Fund for International Development for a loan of $30 million to support global trade by providing financing to importers and exporters in Bangladesh, especially in the agriculture and green energy sectors.

The National Board of Revenue (NBR) has revised rules, including raising the capital requirements, for businesses to be listed as authorised economic operators (AEO), a status an increasing number of firms are expressing interest in.

On the back of the credits from the World Bank and the International Monetary Fund, Bangladesh may meet for the first time the condition on net foreign exchange reserves attached to the $4.7 billion loan from the IMF and secure the next instalment.

Sales of refrigerators and chest freezers declined by 13 percent ahead of Eid-ul-Azha as consumers contended with persistent inflationary pressures as well as an increase in the prices of the home appliances, according to industry players.

The government has taken an initiative to establish a dedicated authority for the development and management of the leather industry, Bangladesh’s second-largest sector in terms of export earnings, with a focus on public and private enterprises.

It was possibly 2008 when my seniors at Citigroup India realised it was becoming hard for global companies to attract IIM (Indian Institute of Management) or IIT (Indian Institute of Technology) graduates as they were building their own startups.

Small and medium enterprises (SMEs) are considered risky clients by most formal sector lenders since their financial health is weak and they are not good at managing risks and are expensive to lend. However, BRAC Bank has a different story to tell.