CPD prescribes 3-point recipe to fix economy

The Centre for Policy Dialogue (CPD) has recommended the government restore macroeconomic stability, widen its fiscal space and ensure the best use of taxpayers’ money through appropriate prioritisation in the budget for the upcoming fiscal year.
17 March 2024, 00:25 AM

Can mergers heal banking sector’s wounds?

The news that Shariah-based Exim Bank is going to merge with troubled commercial lender Padma Bank has taken the financial sector of Bangladesh by surprise.
17 March 2024, 00:25 AM

BB now sets criteria for NBFIs’ independent directors

The Bangladesh Bank has issued its first-ever guideline for the appointment of independent directors at non-bank financial institutions (NBFIs) in order to protect the interest of depositors and general shareholders.
14 March 2024, 00:22 AM

Govt may offer tax exemption for foreign research grants

The government is considering granting a tax exemption for foreign grants provided to local researchers in order to boost their activities and earn more foreign currency.
14 March 2024, 00:17 AM

Boost smartphone use for successful 5G rollout

Bangladesh needs to increase smartphone penetration among its mobile phone users as a prerequisite for the introduction of 5G technology, said Yasir Azman, chief executive officer of Grameenphone.
14 March 2024, 00:12 AM

Costlier loans hand yet another blow to entrepreneurs

For the past two and a half years, entrepreneurs in Bangladesh have been facing numerous hurdles, beginning from a dollar shortage and a sharp rise in import costs for their escalated rates in global markets and the depreciation of the taka.
14 March 2024, 00:12 AM

The life insurance products that are most popular in Bangladesh

Endowment is the most popular life insurance plan in Bangladesh as it offers a life cover and fixed returns
14 March 2024, 00:12 AM

BGMEA chief quizzed by US agency on price rise of apparel items

The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday faced a barrage of questions from the United States International Trade Commission (USITC) during a hearing.
13 March 2024, 00:53 AM

BB to step in if banks don’t merge voluntarily by Dec

Bangladesh Bank yesterday said it would take the initiative for the mergers and acquisition of banks from March 2025 if they fail to do so voluntarily by December this year.
13 March 2024, 00:53 AM

Govt provides Tk 64cr incentive to boost Aush cultivation

The agriculture ministry has announced a Tk 64.15 crore incentive package to encourage small and marginal farmers to produce Aush paddy and boost overall production.
13 March 2024, 00:53 AM

Laldia container terminal project gains momentum

AP Moller Maersk, a Danish shipping and logistics company, will likely invest between $300 and $400 million for constructing the Laldia container terminal at Chattogram Port, according to project officials.
13 March 2024, 00:53 AM

Bangladesh, Japan begin talks on trade deal

The government yesterday initiated talks to sign the Economic Partnership Agreement (EPA) with Japan in order to retain the duty benefit after Bangladesh's scheduled graduation to a developing nation in 2026.
13 March 2024, 00:52 AM

The ‘capacity trap’ in RMG

The garment industry, a cornerstone of Bangladesh’s economy, faces a looming challenge, i.e. overcapacity. The unplanned expansion and excessive capacity in a few products created a major fault line for the industry.
13 March 2024, 00:52 AM

Not possible to sell dates at govt-fixed price

Although the commerce ministry yesterday fixed a price range for dates, a key food item for the fasting month of Ramadan, businesspeople opined that it is not possible to make a profit and sustain their trade selling the fruit at those rates.
13 March 2024, 00:02 AM

Potato imports resume amid higher domestic prices

Importers have again taken to bringing over potatoes through Dinajpur’s Hili Land Port after nearly one and a half months as prices had started to rise, though local harvests are about to end.
13 March 2024, 00:02 AM

Make most of LDC-linked duty benefits during extended period

Bangladesh should make the most of the LDC-linked trade benefits during the extended three-year period agreed by the member countries of the World Trade Organisation (WTO), said experts yesterday.
12 March 2024, 00:59 AM

Agri product exports make a turnaround

Bangladesh’s agricultural product exports have slightly increased year-on-year during this fiscal year, marking a turnaround from a gradually drop over the past three years thanks to, according to industry insiders, restoration of supply chains and a slight improvement in the US dollar crisis.
12 March 2024, 00:51 AM

Economists for publishing names of top loan defaulters

Noted economists recommended focusing on macroeconomic stability, publishing the names of top loan defaulters, and forming a review commission on government expenditures.
12 March 2024, 00:51 AM

Beximco to raise Tk 1,500cr in bonds for loan repayment, township

Beximco Ltd has decided to issue bonds to raise Tk 1,500 crore to repay bank loans and invest in Sreepur Township Ltd in what could be the largest corporate zero-coupon bond issuance in Bangladesh.
12 March 2024, 00:51 AM

Setbacks linger for businesses even after they’re set up

In spite of making progress in various sectors, Bangladesh still faces challenges in attracting foreign direct investment (FDI) due to problems faced once businesses are formed, according to Asian Development Bank Country Director Edimon Ginting.
12 March 2024, 00:02 AM