Litchi farmers across Bangladesh are registering poor yields this year due to adverse weather, meaning that consumers will have to pay more for the fruit in face of short supply.

"Mobile sales have dropped drastically due to the economic downturn for people. Handset sales dropped by over 40 per cent year-on-year in the first quarter of 2023"

Sustaining the development that has taken place in Bangladesh in the past 14 years and curbing inequality are key major challenges facing the economy owing to the fallout of the coronavirus pandemic and the Russia-Ukraine war, said Planning Minister MA Mannan.

Banks in Bangladesh witnessed an accumulation of default loans by Tk 10,964 crore in the first three months of 2023, highlighting the worsening financial health of the banking sector, official figures showed.

India is likely to harvest a record 112.7 million tonnes of wheat in 2023, the farm ministry said on Thursday, reiterating its previous estimate of 112.2 million tonnes despite lower crop yields due to unseasonal rains in February and March.

Associated Oxygen Limited posted a 13 per cent year-on-year increase in profit to Tk 5.71 crore in the third quarter of the current financial year.

Stocks of unsold yarn of local millers have grown to over one million tonnes over the past five months or so for a drop in demand for garments from the domestic and international consumers.

The government should increase budgetary allocations and take fresh initiatives for the urban poor under the national social safety net programmes, according to experts. 

The tax authority, for the first time, is going to engage individuals to help new taxpayers file tax return in a bid to increase compliance and narrow the gap between registered taxpayers and regular return filers. 

The growth of the e-commerce market in Bangladesh is set to accelerate in coming years as the platforms are becoming more efficient with the help of the data they mined over the years, experts said yesterday.

The government needs to take more steps to bring stability in the foreign exchange reserve, manage inflation, enhance revenue earnings, ensure proper electricity and gas supply for economic activities and expand social safety net programmes. 

State Minister for Civil Aviation Md Mahbub Ali yesterday said Bangladesh’s growth in the aviation sector will be three times in the next 15 years.

The United States and Japan will deepen cooperation in the research and development of advanced chips and other technologies, they said on Friday, the latest sign of the two allies strengthening ties in semiconductors.

SMAC IT Limited (SIL), a software development company, yesterday launched a provident fund management software “ProFund” as its latest product innovation in the finance management sector.

Bangladesh Group of the International Association for Bridge and Structural Engineering (IABSE) organised a seminar highlighting the different challenges of implementing mega infrastructure projects during the pandemic situation.

All should work towards accelerating Japan-Bangladesh strategic partnership so that it will deepen economic cooperation, leverage the decades-long friendship and fuel growth between the two nations, according to speakers at a discussion.   

Indo-Bangla Pharma-ceuticals Limited suffered a 91.65 per cent dip in profit to Tk 11.62 lakh in the third quarter of the current financial year.   

The age-old trend of junk stocks gaining value despite having no reason to advance has returned just when major indices of Bangladesh’s stock market are starting to rise.

AFC Agro Biotech Ltd posted an 80 per cent year-on-year decrease in profit to Tk 11.52 lakh in the third quarter of the ongoing financial year.  

Steel makers in Bangladesh are seeking reduced import duty, value added tax (VAT) and other tariffs in the upcoming national budget to provide products at lower prices, meaning that construction costs would likely decrease.