The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.  

Cricket bat-makers in Pirojpur’s Nesarabad upazila have gotten to work ahead of schedule with next month’s Cricket World Cup just around the corner, and they are hopeful of good sales during the showpiece event in neighbouring India.

Concord Entertainment Company Ltd recently organised “Bruvana Go-Kart Challenge 2023” at Xtreme Racing Bangladesh’s go-kart track in Ashulia, next to Fantasy Kingdom. 

In recent times, we have observed a notable trend in Bangladesh’s professional landscape: an increasing exodus of skilled individuals seeking opportunities abroad, be it higher studies or better careers. Despite facing multiple hardships across living and professional development, this phenomenon is growing. One can easily ask: what are the intricate factors underpinning this migration?

Distressed Islami Bank has approved a Tk 700 crore loan to a concern of AnonTex Group, one of the five large borrowers of Janata Bank that has been enjoying undue facilities despite making negligible repayment in 13 years.

Unilever Bangladesh Ltd (UBL) and Brac signed a memorandum of understanding at the former’s corporate office in Dhaka yesterday to launch a hand hygiene programme of UBL brand Lifebuoy for schoolchildren. 

City Bank has recently promoted Saif Ullah Kowchar, its senior executive vice-president, to the post of deputy managing director (DMD).

Premier Bank Ltd together with Mastercard launched a travel business prepaid card for travel agents yesterday.

Dhaka Mass Transit Company Ltd (DMTCL) and advertising agency Mediacom Ltd have signed an agreement on inside branding services for advertising campaigns within metro rail.

Bangladesh’s cotton imports are likely to drop in the marketing year 2023-24 beginning from August because of lower consumption, said the US Department of Agriculture (USDA) last week.

There is no compelling reason to reduce the number of internet packages to 40 or discontinue three-day and seven-day packages and such a move would restrict customer choice, said a top official of a mobile operator. 

Liquidity in Shariah-based banks in Bangladesh remains tight due to a dip in deposit collection and the banks’ inability to make the most of the central bank support to overcome the situation, Moody’s Investors Service said in a report.

Operation of sea planes and cruise ships will be introduced for tourists to access St Martin’s Island round the year, said  Chairman of Cox’s Bazar Development Authority (CDA) Commodore Mohammad Nurul Abshar yesterday.

Bangladesh's foreign exchange reserve fell by almost $1.47 billion in a span of eight days

While a number of blue chip stocks are trading at less than Tk 60 at the Dhaka Stock Exchange (DSE), shares of a company recently found to be non-existent were trading at Tk 195.6 yesterday.

A uniform exchange rate has remained a far cry in Bangladesh despite banks moving to embrace a single rate of the US dollar amid a deepening shortage of the American greenback.

The scale of the immediate but devastating effects of the Covid-19 pandemic on Bangladesh’s economy emerged for the first time after the Bangladesh Bureau of Statistics (BBS) published the quarterly data of the GDP to meet IMF’s conditions.

Refiners in Bangladesh yesterday cut the price of soybean oil by Tk 5 and palm oil by Tk 4 a litre after edible oil prices declined in the international market.

Dhaka Stock Exchange (DSE) signed a memorandum of understanding (MoU) with the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday targeting to get green garment manufacturing companies listed.

A supportive economic policy, diversification of export products, innovation in products and domestic resource mobilisation are needed for further economic growth in Bangladesh, said Adnan Khan, chief economist of the UK’s Foreign, Commonwealth & Development Office.