Banks’ excess liquidity drops despite slow lending

Excess liquidity in the banking sector of Bangladesh continues to fall despite lower credit demand ahead of the national polls and higher interest on deposits offered by banks to lure savers.
20 November 2023, 12:25 PM

Patenga container terminal opens today

One and a half years after the completion of construction, the newly-built Patenga container terminal (PCT) at the Chattogram port is finally going to be formally inaugurated.
20 November 2023, 12:25 PM

RMG factories open as workers return

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is seeking higher prices for each unit of garment items in line with workers’ wage increases as factories that had temporarily shut down due to recent unrest started reopening gradually yesterday after the arrival of workers.
20 November 2023, 12:25 PM

Retail sales drop as blockade bites

The nationwide blockade being observed by several political parties in Bangladesh is taking its toll on businesses as sales have plunged.
20 November 2023, 12:25 PM

Availing universal pension scheme gets easier for pvt sector staffers

The National Pension Authority (NPA) has signed a memorandum of understanding (MoU) with the Office of the Registrar of Joint Stock Companies and Firms (RJSC).
20 November 2023, 08:38 AM

Forex transactions thru cards post a rise

In September forex transactions through cards stood at Tk 689 crore, up from Tk 658 crore a month ago, as per the latest data from the Bangladesh Bank.
19 November 2023, 18:30 PM

Coffee consumption catching on in rural areas

Although coffee is considered an expensive beverage mostly consumed by urbanites in Bangladesh, Md Mokhlesur Rahman is trying to change this perception by bringing its rich flavours to rural areas.
19 November 2023, 18:30 PM

Exporters worried, unions urge improvements

Business leaders and apparel exporters are worried over a recent US statement on Bangladesh’s labour rights situation while union leaders and trade analysts suggested bringing improvements to avert trade sanctions.
19 November 2023, 18:20 PM

Private and foreign investment critical for 2041 goals: Ficci

The country aims to become a developed economy by 2041 and, in that pursuit, elevating living standards and strengthening private and foreign direct investment (FDI) and tax revenue collection will be critical, said the Foreign Investors' Chamber of Commerce & Industry (Ficci) in a publication unveiled yesterday.
19 November 2023, 18:05 PM

Green growth needs to be cost-effective

“People do business to make money, if green activities are more costly, how they will make money?”
19 November 2023, 18:00 PM

Online banking growing faster in rural areas

In 2019 to 2023, online banking branches grew by 39% in rural areas, 15% in urban
19 November 2023, 13:33 PM

Helsa Icon Bangladesh to invest $1 million in Adamjee EPZ

The India-Germany joint venture will produce RMG accessories
19 November 2023, 12:46 PM

Biman plans flights to Vancouver, Los Angeles

Biman Bangladesh Airlines Ltd is planning to carry its passengers to Vancouver in Canada and Los Angeles in the US through codesharing with Air Canada via Narita of Japan by January next year.
19 November 2023, 00:45 AM

Cepa talks with India may not begin this year

Still quite some time to go for the signing of Comprehensive Economic Partnership Agreement (Cepa) between India and Bangladesh
19 November 2023, 00:30 AM

'Political peace vital for business'

MCCI president outlines peace as vital for business activities.
19 November 2023, 00:15 AM

Listed textile, apparel makers struggle despite taka's fall

Listed apparel companies in Bangladesh struggled to capitalise on the massive devaluation of the local currency against the US dollar in fiscal year (FY) 2022-23 due to a hike in gas and electricity prices, and fuel and raw material costs.
19 November 2023, 00:02 AM

Govt officials to discuss Blinken's statement

Bangladesh is already in the process of improving the labour rights situation and top bureaucrats will discuss a recent US statement on the issue, said a top commerce ministry official yesterday.
18 November 2023, 23:45 PM

Bangladesh Finance launches 'Green Deposit'

Bangladesh Finance has launched a new financial product named “Green Deposit” in an effort to help transition Bangladesh towards a sustainable economy.
18 November 2023, 14:58 PM

India cenbank tightens rules for personal loans, credit cards amid demand surge

The tighter rules, in the form of higher capital requirements, will make personal loans costlier
18 November 2023, 13:36 PM

Gold hits record Tk 106,376 a bhori

New price for 22-carat gold comes into effect on Nov 19
18 November 2023, 12:17 PM