Bangladesh’s garment export to the United Kingdom (UK) is expected to rise significantly as the British government will continue to offer duty-free benefits to developing nations even after they graduate from the least developed country (LDC) status.

Nearly half of non-bank financial institutions (NBFIs) saw a third of their loans turn into non-performing ones at the end of March 2023, which gives an indication of the tough times the sector was going through mainly due to massive irregularities in 8 to 10 companies. 

Although most non-bank financial institutions (NBFIs) in Bangladesh are struggling with a high rate of non-performing loans (NPLs), some of them are bucking the trend by maintaining a lower ratio.

Of course. Despite challenges around, we have many reasons to be optimistic about Bangladesh.

Land use for rice cultivation in Bangladesh is likely to decline in marketing year (MY) 2023-24, which began on May, forecasted the US Department of Agriculture at the end of last week. 

The key objective of digital banks should be to expand financial inclusion in the country rather than registering profit, according to industry experts.

Bangladesh has started cultivation of genetically modified (GM) cotton for the first time this year to boost yields and cut import dependence of the raw materials of yarn, a top official of the Cotton Development Board (CDB) said yesterday.

Bangladesh needs to establish the required infrastructure to efficiently collect, store and recycle plastic products in order to achieve circularity in the industry, speakers said at a seminar.

Brac Bank recently signed a strategic partnership with a non-governmental organisation (NGO) Gram Unnayan Karma to support farmers living in remote char areas by enabling them to adopt high-value crops and develop markets for their agricultural produce.

India has imposed a 20 percent duty on exports of parboiled rice with immediate effect, a move that could further reduce shipments from the world’s largest exporter and lift global rice prices, which are already trading near their highest levels in 12 years.

Rice millers say Bangladesh has 'adequate' rice stock

The variety, Bt cotton, will increase local cotton production by 7.5 times

The vehicle has a price tag of Tk 1.55 crore

The expansion of the BRICS group of developing countries could provide a lifeline to capital-starved new entrants Iran and Argentina, but investors and analysts say a broader economic boon for the bloc's members is far from certain..Leaders of the BRICS - Brazil, Russia, India, China and S

The country imposes 20% duty on parboiled grade

It is 4.3% higher than last year

All of the listed non-bank financial institutions (NBFIs) in Bangladesh that published their financial reports for the January-June period of the current calendar year reported lower earnings due to reduced interest income, among other reasons.

Although Bangladesh is laying the groundwork for gradually adopting electric vehicles (EVs), sales are yet to gain pace because of higher prices, further inflated by an elevated level of import duty and the cost of registration, according to market players.

The light engineering sector’s development is crucial for meeting the investment-GDP ratio target of 27.35 percent by fiscal year 2024-25, said DCCI President Md Sameer Sattar yesterday. 

While having lunch with his colleagues, Jamal announced he was going to Singapore to attend a training workshop. Cheers followed, but some were struggling to conceal their resentment with “But you came back from Bangalore last month” and the like.