Strengthening taka leaves no impact on forex market

Association of Bankers, Bangladesh (ABB) decided to sell each US dollar at Tk 110.50 to importers and buy it at Tk 110 from exporters and remitters
23 November 2023, 18:30 PM

Allow correction of unintentional mistakes

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Custom House, Chattogram to allow exporters to correct unintentional mistakes in documents during the assessment of consignments and thereby expedite shipments.
23 November 2023, 18:30 PM

WB to give $1.1b for 5 projects

finance a total of $1,112 million against five projects for the sustainable development of Bangladesh
23 November 2023, 18:15 PM

No deal yet between Crown Cement, Matarbari Power Plant

Officials of the Matarbari Power Plant in Moheshkhali upazila of Cox’s Bazar recently informed that they have not made any deal for selling fly ash to Crown Cement
23 November 2023, 18:05 PM

GDP growth stands at 5.78% in Q4 of FY23

Bangladesh’s economy slowed in fiscal 2022-23 although growth bounced back to 5.78 percent by the end of the year’s fourth quarter, government data shows.
23 November 2023, 18:01 PM

Will coming months offer any relief from high inflation?

Food inflation at 12.56 percent in October this year is the highest in a decade
23 November 2023, 15:28 PM

Dollar still costlier despite move to appreciate taka

Most banks collected remittances at Tk 122-123 a dollar today and sold at Tk 116-118 to the importers
23 November 2023, 14:30 PM

1,824 accounts have over Tk 50 crore in bank deposit

They hold over 15% of total bank deposits in Bangladesh
23 November 2023, 12:58 PM

168 out of 200 review prayers are from owners

Out of more than 200 applications seeking a review of the recently declared wage structure for garment workers, 168 came from factory owners
23 November 2023, 00:00 AM

Many SMEs in a tight spot

Enterprises running small-scale operations in Bangladesh are suffering from a significant fall in sales at a time when inflationary pressure has pushed up production costs
22 November 2023, 23:45 PM

Foodpanda here for the long term

Foodpanda and its parent company Delivery Hero maintain an unwavering commitment to the Bangladeshi market, driven by the immense growth opportunity it presents, said Zubair BA Siddiky, co-founder and managing director of Foodpanda Bangladesh
22 November 2023, 23:30 PM

Brickfields count losses of Tk 1,200cr for cyclone

Brickfields in Bangladesh have incurred losses of around Tk 1,200 crore as heavy rains amid cyclone Midhili on November 16-17 hindered production early this season
22 November 2023, 23:15 PM

Importers count losses as conflict in Myanmar halts trade

Importers expressed grave concerns as bilateral trade between Bangladesh and Myanmar through the Teknaf land port has halted since November 14 due to the ongoing conflict between the Arakan Army (AA) and Myanmar’s military junta in the Rakhine state.
22 November 2023, 23:00 PM

DHL to use electric vehicle in delivery fleet

DHL Express Bangladesh has announced plans to use electric vehicles in its delivery fleet in Bangladesh to reduce the environmental footprint of express parcel delivery services.
22 November 2023, 18:15 PM

Aamar Bond not IFIC’s

A real estate company has issued bonds by offering eye-popping returns to raise funds for a gigantic housing project in Gazipur, a normal development on the surface.
22 November 2023, 18:00 PM

Six private banks’ bad loans soar 55pc in nine months

Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM

Vaccine production: ADB approves $336.5m loan

The ADB yesterday approved a $336.5 million loan to establish domestic vaccine, therapeutics, and diagnostics manufacturing capacity in Bangladesh. It also aimed to strengthen the DGDA to ensure vaccine supply security, reads a press release.
22 November 2023, 18:00 PM

Bankers' decision to appreciate taka draws mixed reactions

Bankers today decided to appreciate the taka against the US dollar by Tk 0.50 from tomorrow as they observed an improvement in the overall current account balance, which records the nation's transactions with the rest of the world
22 November 2023, 17:23 PM

Banks to appreciate taka against US dollar

Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23
22 November 2023, 15:02 PM

Factories urged to implement minimum wage from Dec 1

BGMEA issues letters to the factory owners
22 November 2023, 14:19 PM