Importers and exporters in Bangladesh started to feel the pinch of the transit disruption through the Red Sea route as major shipping lines announced, and in some cases even began implementing, additional surcharges to cover costs for re-routing their vessels around Africa’s Cape of Good Hope following attacks by the Yemen-based Houthi militant group on the Indian Ocean.

BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis. 

Fazlur Rahman, chairman and managing director of City Group, one of the leading commodity importers and processors, is no more.  

The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters

Sales of geysers have increased this year thanks to the changing lifestyle of people living in urban and rural areas of Bangladesh

The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)

Bangladesh signed an agreement with Japan yesterday to avail a loan of $540 million for the under-construction third terminal of Hazrat Shahjalal International Airport, a cargo terminal and associated facilities.

Construction costs in Bangladesh dropped for a third straight month in November, driven by a fall in prices of building materials, showed official figures

The Insurance Development and Regulatory Authority (IDRA) has ordered four life insurance companies to not spend any amount from their income through premiums, investments and life funds unless they settle claims of policyholders by the end of December

Pacific Denimwear Ltd, a unit of Pacific Jeans Group, plans to invest $54.5 million to establish a garment factory in the Adamjee Export Processing Zone (EPZ).

Bangladesh has signed a $540 million loan agreement with Japan for the third terminal of Hazrat Shahjalal International Airport, a cargo terminal, and associated facilities.

Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually

The income inequality between the rich and the poor has surged to a level that the country is witnessing two economic systems, which go against the spirit of the Liberation War, said the CPD

The government’s decision to raise salaries of all public sector workers by 100 percent in 2015 had inadvertently pushed many least skilled private sector workers below the poverty line temporarily, said a study

Gold prices are set to hit a new record as Bajus decides to sell each bhori (11.664g) at Tk 1,11,041 lakh from tomorrow

BGMEA, in collaboration with SEIP, organised the two-day Career Summit and Fest for the first time at the BGMEA Complex in Uttara

More than Tk 92,000 crore have been siphoned out of the banking sector through 24 major loan scams since 2008, according to the Centre for Policy Dialogue (CPD).

The exports amounted to $110 million, a year-on-year growth of 51.42 percent, according to data of the EPB

More than 100 companies, including Apex, HomeTex, Pran-RFL Group, Swan, Karmo, Bengal, and EuroAsia, have heavily invested

The collection of nearly Tk 19,000 crore in direct taxes has been stuck at higher courts owing to cases filed by large corporates, some individuals and taxmen, according to the Large Taxpayers Unit (LTU) of the income tax department