The government has declared new minimum wage for over 4.8 lakh workers in export processing zones (EPZs), a development that comes nearly two weeks after it finalised a new pay structure for workers in the garments sector, the largest export-oriented industry in the country.

Textile millers urged the Bangladesh Bank to raise the limit of letters of credit (LCs) so that they can bring more raw materials amid a huge depreciation of local currency against the US Dollar.

Three each from manufacturing, trading and services sectors

Levonorgestrel 1.5mg, a contraceptive pill, will be the inaugural product

alongside floorprice, deterioration of macroeconomic indicators fuelled by higher inflation, dwindling foreign exchange reserves, the sharp depreciation of the local currency, and political uncertainty is also responsible

The garments industry of Bangladesh still suffers from a huge wage gap between male and female workers, with the latter holding just 5 percent of all supervisory positions in the sector, according to experts.

Earlier, it would take 10 days

It is Monem's 10th consecutive top taxpayer award from the zone

Retailers were selling the homegrown variety of onion at Tk 200 a kg at Karwan Bazar today, compared with Tk 130 on Thursday

Economist Wahiduddin Mahmud says at the BIDS conference

Asian Development Bank has approved a $400 million loan for Bangladesh to help fight climate change challenges.

Says BIDS study

India has extended the ban on the exports of onion till March next year with a view to increasing availability in domestic markets and to keep prices in check, according to a notification issued by the Directorate General of Foreign Trade yesterday. 

Garment export to the US fell 24.75 percent year-on-year to $6.35 billion in January-October this year

government plans to cut the size of the budget for the ongoing fiscal year and keep it slimmer in the next fiscal year

leather and leather goods sector in Bangladesh is witnessing slow sales both at home and abroad amid ongoing global economic crises

The pressure on the foreign exchange reserves is building up as Bangladesh has unpaid liabilities

ZXY International has decided to remove the clause in its LC stating it would not accept any garments from Bangladesh if faces sanction

The corporate sector’s profitability was severely impacted by the sudden currency depreciation, said Ahsan H Mansur, executive director of the Policy Research Institute.

A two-day tourism festival organised by the Bangladesh Tourism Board and the Ministry of Civil Aviation and Tourism starts in Kuakata, Patuakhali today.