Traders of Bangabazar Complex, who were running their business on loans, have urged the government to ensure that they do not have to pay instalments for a specified period as they are recovering from a recent fire at the apparel market in Dhaka’s Gulistan.

External pressure is expected to remain elevated, high inflation is likely to weigh on aggregate demand, consumer spending growth could slow, and protracted global and domestic uncertainties are expected to put pressure on investment growth in Bangladesh in the coming days.

A 1,000-bed private hospital will be set up in the northern district of Panchagarh at an estimated cost of Tk 2,500 crore from “local and foreign investors” who seek to meet healthcare needs of locals and neighbouring countries’ citizens. 

Companies in Bangladesh have been hit harder by the global turmoil induced by the Russian-Ukraine war than the crisis inflicted by the coronavirus pandemic

Nagad, a mobile financial service (MFS) provider in Bangladesh, has announced that all earnings from its ongoing mega campaign for Eid-ul-Fitr will go towards helping businesses at Bangabazar Complex bounce back from the losses suffered due to a recent fire at the apparel market in Dhaka’s Gulistan.

For the first time since opening around a decade ago, Payra Sea Port has been able to accommodate a vessel having a draught of 10.2 metres owing to the dredging of a channel connecting it to the sea. 

Airbus deliveries fell by 11 per cent on an industrial basis to 127 jets in the first quarter, underscoring the pressure on global supply chains and paving the way for a 12-week sprint to steady the trajectory by mid-year, industry sources said.

The government should get rid of its mentality of fixing rates for any sector, as the bank interest and forex exchange rates should be floating and there should not be any floor price in the stock market, economists said yesterday.

FXPAY is a 360-degree commercial remittance system

The commerce ministry has formed two separate committees to start negotiations with India over signing a proposed Comprehensive Economic Partnership Agreement (Cepa) to boost bilateral trade and investment in the post-LDC period. 

Wheat imports by the private sector have continued to remain low in Bangladesh than the last fiscal year as businesses are facing persisting difficulties in opening letters of credits owing to the dollar shortage at banks. 

Anyone in their forties with experience of visiting the countryside might recall the ways they travelled from one place to another.

Advance bookings for flights and lodging for the upcoming Eid holiday are going slower compared to last year due to the ongoing inflationary pressure resulting from an economic crisis, according to industry insiders.

Labaid is going to invest Tk 1,000 crore to build its second cancer hospital in order to meet the growing demand from patients suffering from the deadly disease and support healthcare research, according to a top official. 

Non-banking financial institution Bangladesh Finance yesterday appointed a new director in its board of directors. 

Stocks listed with the Dhaka Stock Exchange (DSE) rose slightly over the past week following three weeks of constant decline.

There is still ample scope to increase revenue collection by improving the tax administration’s efficiency by digitalising the entire business process, said Sheikh Mohammad Salim Ullah, secretary to Financial Institutions Division of the Ministry of Finance. 

Japan’s IT industry should invest in Bangladesh as the South Asian country is poised to become the next IT destination, said Russell T Ahmed, president of Bangladesh Association of Software Information Services (BASIS).

In a gap of a month, Bangladeshi garment makers have sent their second letter to the US senators and governors seeking duty-free benefit on export of locally made apparels made from imported American cotton.

Ramadan is increasingly becoming a month of feasting and festivities instead of charity, where profiteering in business, fun, and frolic are the mantra