The government’s borrowing from the banking system has remained in check so far in the ongoing fiscal year thanks to lower expenditures and higher revenue collection.   

Modern Syntex Limited, a concern of TK Group, is likely to begin commercial operations of one of the largest man-made fibre plants in Bangladesh next month at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram.

The Bangladesh Bank is going to take a raft of policy measures to tackle inflationary pressure, volatility in the foreign exchange market and growing non-performing loans (NPLs) and give a much-needed boost to the forex reserve.

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US-Bangla Airlines is going to procure a record 26 aircraft soon to expand its routes and capture a major pie of the country’s aviation market currently dominated by foreign operators. 

The management of Stitchwell Designs Ltd, an export-oriented garment factory, yesterday claimed that it had to stop production in 2020 after international buyers took exception to the odour of naphthalene in shirts exported by the company.

In his speech opening the annual United Nations gathering of world leaders this week, Secretary-General Antonio Gutteres vowed - to applause - that he would “not give up” trying to get food and fertiliser from Russia and Ukraine to global markets.

Although the tourism and hospitality management industry in Bangladesh is expanding fast, the lack of a skilled workforce is the key challenge right now, stakeholders said yesterday.

Fresh Ceramics, a ceramics and tiles manufacturing company of the Meghna Group of Industries, recently launched a dealer showroom styled “Hatirpool Tiles” at Bangla Motor in Dhaka.

Exim Bank yesterday arranged a “Business Development Conference” for the branch managers, executives and officials of the bank in Chattogram region.

Shariah-based Union Bank Ltd distributed agriculture investment among farmers in Chattogram yesterday.

Meghna Bank Ltd has won the “Excellence in Credit Cards” award in the “Visa Leadership Conclave 2023”.

The Bangladesh Telecommunication Regulatory Commission (BTRC) has recently cancelled the licences of four internet protocol telephony service providers (IPTSPs) after they lost their internet service provider (ISP) licence.

The Russian embassy in Bangladesh shares a list of countries on its verified Facebook page

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The 4 are: IDEA Networks and Communications Ltd, Digital Connectivity Ltd, Pritty International (Pvt.) Limited and Sadiatec Limited

The price of hilsa in the southern region of the nation has increased by Tk 2,000 a maund (37 kilogrammes) after the government approved exports of the fish to India.

The government is going to formulate corporate governance guidelines to ensure compliance with applicable laws and regulations and good governance in the operation of insurance companies in Bangladesh.

The dream of realising a deep seaport at Matarbari in Cox’s Bazar is now a step closer as Chittagong Port Authority (CPA) has taken charge of an artificial navigation channel created for vessel movement required for a coal-fired power plant.  

Noted economist Wahiduddin Mahmud yesterday urged the Bangladesh Bank to stop pumping fresh money into the economy in order to rein in runaway inflation and tackle the current economic crisis.