Bangladesh’s foreign currency reserves have slipped below $20 billion again as remittance and export receipts did not pick up to the desired level.

At a multinational company, a new group CEO with a bureaucratic background, who had little knowledge of the industry, was appointed. From his high seat, the big boss decided to cover up his lack of knowledge by flexing his powers.

Alongside raising food safety awareness, the government must play a strong role to ensure better management in terms of street food safety by preparing a proper database on such businesses, speakers said yesterday.

Migrant workers sent home $2.1 billion in January

FY25’s interim budget is 6% higher than the previous year

Confidence Cement plans to suspend the production of ready-mix concrete due to a disruption in importing raw materials

Exporters have expressed disappointment about the government’s sudden cut in cash incentives on the shipment of garments and other export-oriented products

As part of major plans to expand its routes, Novoair, one of the leading private airlines of the country, is going to spread its wing to six international destinations by June.

Only a slight rise in the policy rate, which is the rate at which the central bank lends money to commercial banks, may not tame inflationary pressure in Bangladesh as there are many reasons for elevated price levels, economists said yesterday.

The Bangladesh Bank (BB) is going to bring reforms to the banking sector after getting the go-ahead from the new government, and the banking regulator asked senior executives to prepare for those reforms at a meeting yesterday.

Businesses are likely to see their borrowing cost rise further thanks to an increase in interest rates, according to an outlook unveiled yesterday.

The main index for measuring share price performance in the stock market of Bangladesh continued to curve upwards yesterday even though the government has announced plans to slash export subsidies.

Bangladesh is getting liquefied natural gas (LNG) at a lower price from the international spot market as prices on the international market are on the decline.

Local garment makers should diversify their products and invest in human resource development to prepare for any hurdles that may come after Bangladesh graduates from a least developed country (LDC) in 2026, according to experts.

The economy is going through a crisis as evidenced by the deterioration in all economic indicators. Prof Rashed Al Mahmud Titumir, chairman of the development studies department at the University of Dhaka, talks about the steps that were missing as inflation surged and what needs to be done now to bring the situation under control, in an interview

Veon Ltd has announced today that its wholly owned subsidiary Banglalink has completed the sale of part of its tower portfolio in Bangladesh to Summit Towers Limited for about Tk 1,100 crore or $100 million.

The International Monetary Fund (IMF) said that the latest monetary policy adopted by the Bangladesh Bank would help to curb inflation, but added that further measures would be needed to make it durable.

Advanced Chemical Industries (ACI), a leading conglomerate in Bangladesh, had plunged into losses during the October-December period of the current fiscal year (FY) mainly due to higher finance costs.

Its losses per share hit Tk 0.28 in Oct-Dec of 2023

Its earnings per share dropped to Tk 0.02 in Q2 of FY24, from Tk 0.13 in Q2 of FY23