About 68 per cent of Bangladesh’s annual export earnings from apparels is still confined to just 10 items, indicating that product diversification in the industry is yet to reach expected levels even after a journey of four-and-a-half decades.

Pharmaceutical companies are gradually enhancing their capacity to produce the raw materials needed to make medicines, which will go on to reduce Bangladesh’s over-reliance on imports and augment the country’s competitive edge in the global market. 

Redundancy in the corporate world, technology, business, or sports is commonplace. Although redundancy always conveys a negative connotation, it is inevitable. Then how can redundancy be praiseworthy? It all depends on how we look at it.

The commerce ministry yesterday asked millers and refiners to reduce sugar price by Tk 5 per kilogramme at the retail level three weeks after the revenue authority reduced import duty for raw and refined sugar in a bid to bring down the prices of the sweetener.

The central bank has decided to impose a 4 per cent penal interest on the banks’ unpaid amount of loans made from its Export Development Fund (EDF).

The National Board of Revenue (NBR) registered a further slowdown in the growth of tax collection, making it harder for the agency to achieve its target for the current fiscal year of 2022-23 ending in June.

Britain will help Kazakhstan develop export routes bypassing Russia, British Foreign Minister James Cleverly said on a visit to the Central Asian nation on Saturday, when he also signed a memorandum on supplies of critical minerals.

United Insurance Company Ltd registered a 6 per cent year-on-year growth in profit to Tk 7.79 crore last year, thanks to higher premium collections and interest incomes.

Southeast Bank Limited won a “Dhaka Wasa Bill Collection Award” for financial year 2021-22. 

A two-day career fair centring the travel and tourism sector began at Pan Pacific Sonargaon Dhaka in the capital yesterday, open from 10:00am to 8:00pm. 

Bangladesh Crop Protection Association (BCPA) recently reelected its chairman and secretary general. 

The indices of the Dhaka Stock Exchange (DSE) returned to the red yesterday after a day’s gain.

The demand for essential commodities may fall 20 per cent year-on-year in the upcoming month of Ramadan thanks to the high prices of the items in the market, according to a paper by the commerce ministry.

Bank Asia Ltd posted a 12 per cent year-on-year increase in profit to Tk 305.47 crore in the financial year that ended on December 31.

Commerce ministry forecasts

Currently, the volume of the EDF is $6 billion and the interest rate on EDF loans is 4.5%

The indices of the Dhaka Stock Exchange (DSE) returned to the red today snapping a day’s gain.

The prime indices of Dhaka and Chattogram stock exchanges rose slightly in the morning trade today.

We just witnessed the collapse of two large US banks -- Signature Bank and Silicon Valley Bank (SVB). A few others are also reportedly in the same mess.

The once vibrant wooden trawler industry in Bangladesh is losing its sheen as the use of these vessels has gradually declined over the years, according to manufacturers