Bangladesh shipped apparel goods worth $650 million to Russia in the financial year of 2020-21 and was tipped soon to be crossing the $1-billion mark in the promising market.

The industries ministry is going to award Tangail sari the geographical indication (GI) status following a public outcry in Bangladesh, a week after India granted the same recognition to ‘Tangail Saree of Bengal’.

The highly promising home textile sector of Bangladesh is losing its lustre in the export market as the lingering gas crisis, the volatile exchange rate and the higher production cost are forcing many factories to go out of business.

Investors in the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) are not only facing an acute gas crisis, but also contending with virtually zero water supply to industrial units despite paying water bills, forcing them to set up their own water supply systems.

Recently the Bangladesh Bank projected a significant drop in non-performing loans (NPLs) and is hoping that it will decrease by 2.76 percent over the next couple of years. This estimation came in Bangladesh Bank's roadmap on the strategic move to streamline NPL management.

The major stock market index in Bangladesh rose for an eighth consecutive trading day yesterday owing to increased participation of investors.

The government has decided to impose fines and progressive tax on a daily basis on foreigners for overstaying their visas and working illegally in Bangladesh, according to a decision taken at a meeting on Tuesday.

The government has decided to impose fines and progressive tax on a daily basis on foreigners for overstaying their visas and working illegally in Bangladesh, according to a decision taken at a meeting on Tuesday. 

The declaration came two days Sultana directed stakeholders to prepare documents seeking GI recognition for Tangail sari following a public outcry about why Bangladesh had failed to GI recognition despite being a rightful claimant

Emerald Oil is planning to invest Tk 400 crore on a new plant in the Jamalpur Economic Zone to increase its production of rice bran oil for export.

The Bangladesh Securities and Exchange Commission (BSEC) has lifted the floor price for three more companies—Anwar Galvanizing, Orion Pharmaceuticals and Renata—amid a rising trend of the key index.

Mobile operators in Bangladesh are now offering app stores, enabling developers to not only connect with users through secure distribution channels but also giving them the monetisation tools as they continually attempt to diversify their portfolio.

ACI CO-RO Bangladesh Ltd, a joint venture between ACI Ltd and Danish soft-drinks company CO-RO A/S, yesterday opened a new factory to make fruit drinks under the Sunquick brand.

The Bangladesh Bureau of Statistics (BBS) has missed its December deadline to publish a quarterly gross domestic product (GDP) report, under a move to provide a timely status of the health of the economy.

State-run Jiban Bima Corporation (JBC) has stopped selling its popular yet unprofitable private pension insurance policy since December 1, months after the government rolled out the Universal Pension Scheme.

Mohammad Abu Eusuf, a private sector employee who lives in Dhaka’s Mirpur, earns about Tk 23,000 per month. But the income is not adequate for him to manage his monthly expenses given the ongoing inflationary pressure.

The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.

A six-day furniture fair kicked off at GEC Convention Centre in Chattogram city yesterday featuring products of 27 enterprises, including New Antique, Heaven Furniture, Shoilpik, Hatil, Hatim, Vegas, P2P, JMG, Akhi and Royel and Right.

BSEC has lifted the floor price for Anwar Galvanizing, Orion Pharmaceuticals and Renata as part of its move to bring back vibrancy to the market.

Genex Infosys, a leading outsourcing IT provider, will build turnkey IT infrastructure for Red Sea Gateway Terminal Bangladesh Limited (RSGT) at the Patenga container terminal