Bangladeshi credit cardholders spent twice as much abroad as foreign nationals did within Bangladesh in September, according to the Bangladesh Bank (BB).

After more than two weeks of unrest in the garment sector over minimum wages, normalcy has started to be restored with almost all factories reopening and workers returning to their workplaces yesterday.

The Dhaka Stock Exchange (DSE) should be given more power so it can combat irregularities in the stock market, ATM Tariquzzaman, managing director of the bourse, said yesterday.

Apex Footwear, the leading footwear exporter and seller in the domestic market, yesterday said its profits fell in the first quarter of the financial year 2023-24 as falling exports affected revenue.

A group of labour leaders of Bangladesh today complained to the visiting delegation of the European Union that the amended labour law is not worker-friendly as many anti-labour provisions have been incorporated.

Pladis ACI Bangladesh is the proposed name of the company

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said the take-home salary of a worker will be higher than the new minimum wage if other allowances are considered, a claim that was refuted by two union leaders and an economist.

Onion set prices have doubled in Bangladesh, dashing the hopes of the inflation-hit people for an immediate reduction in the prices of the key cooking vegetable through the cultivation of early winter varieties.

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.

The nationwide blockade being observed by several political parties in Bangladesh is taking its toll on businesses as sales have plunged. The transport blockade, set to enter its fifth phase on Wednesday, aims at forcing the current government to step down and pave the way for holding the next parliamentary election under a non-partisan interim government.

The government recently gave the go-ahead to establish an economic zone for agro-processing industries at Alaolpur union of Gosairhat upazila in Shariatpur, some 55 kilometres south of Dhaka city.

Bangladesh Bank yesterday asked foreign exchange houses in the country to not sell US dollars to banks for more than the recently fixed rate of Tk 110.50 per greenback.

Remittance through formal channels will likely fall in the days ahead as Bangladesh Bank yesterday asked foreign exchange houses to follow the rate set by banks, according to officials of exchange houses.

The phrase “Cash is King” became widespread during the financial crisis in 1987, courtesy Pehr G Gyllenhammar, the then CEO of Volvo. The statement signifies the importance of having cash on hand or instantly accessible cash, also known as free cash flow (FCF).

It made a profit of Tk 56 crore in Jul-Sep

The central bank sits with top 10 foreign exchange houses

State-run sugar mills have started crushing locally-grown sugarcane, aiming to produce 33,000 tonnes of sugar in the current fiscal year of 2023-24, said a top official.

Payments against claims of around 10 lakh policyholders are hanging in the balance as 29 life insurance companies are not clearing dues owing to a liquidity crisis, official figures showed.

Bangladesh's ready-made garment sector, a cornerstone of its export earnings, faces substantial trade preference erosion upon graduation from least developed country (LDC) status, said Mohammad Abdur Razzaque, chairman of the Research and Policy Integration for Development (RAPID) Bangladesh, at a seminar yesterday.

A delegation of the European Union (EU) arrived in Dhaka today to have discussions with relevant stakeholders on the country's labour sector