Bangladesh has the potential to become a hub for manufacturing electric vehicles (EV) as industries for the production of components such as batteries and tyres have already been established while the growing population assures market viability

Electric vehicles (EVs), including plug-in hybrids, will one day dominate the automobile market in Bangladesh as the demand for cars run on alternative fuel is slowly gaining ground, according to importers and distributors.

Reforming economic policies in Bangladesh to avoid corruption and disparity and ensure good governance requires strong political will, not the conditions of the International Monetary Fund (IMF), said economists yesterday. 

The Bangladesh Association of Banks (BAB), a platform of the sponsors of lenders, has asked 41 commercial banks in the country to pay Tk 25 lakh each to help organise an inter-bank football tournament.

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city.

Apparel exporters will begin lobbying with major trading partners and blocs from next month to win their support for Bangladesh’s efforts aimed at retaining duty benefits for six more years after the graduation of the nation from the group of least-developed countries.

Bangladesh needs to take cautious steps and ensure proper coordination among macroeconomic policies to face the challenges brought on by the Russia-Ukraine war, experts said yesterday.

The government needs to emphasise on digital education, upskilling youths with IT knowledge and developing IT infrastructure in order to achieve its “Smart Bangladesh” initiative, according to experts.

Bank Asia Securities Limited organised its 12th annual general meeting (AGM) at Bank Asia Tower in Karwan Bazar, Dhaka last week. 

Electrical and electronics manufacturer Walton has recently launched products availing trademarks of three European brands aiming to emulate the quality standards. 

First Security Islami Bank won a “Dhaka Wasa Bill Collection Award” for financial year 2021-22. 

Gold prices surged more than 2 per cent on Friday as a wave of banking crises shook global markets and put bullion on track for its biggest weekly rise in three years, while bets solidified for a less aggressive Federal Reserve in its fight against inflation.

The SME Foundation in partnership with the International Trade Centre has launched SheTrades Bangladesh Hub to address the barriers women face to access economic opportunities.

The rate will be effective from tomorrow

The lobbying will start from next month

Businesses face supply chain risk, which can cause delays, increased costs, and loss of revenue. To de-risk the supply chain, businesses should identify potential risks and develop mitigation strategies. In a globalised world, businesses depend on suppliers from different countries, making disruptions far-reaching and potentially damaging. Mitigating supply chain risk is especially important for Bangladesh's manufacturing industry to remain competitive and continue its growth. Implementing risk management strategies can help businesses operate more efficiently, reduce costs, and increase customer satisfaction. Overall, de-risking the supply chain is essential for businesses to thrive and contribute to the growth of the economy.

Bangladesh’s construction sector is facing challenges due to frequent hikes in the price of mild steel (MS) rod and other major construction materials while slow development activities have put many workers out of job, according to industry people.

In recent times, people seem to be smitten with the term, blockchain, popping it into conversations without much knowledge of the concept.

Poultry farmers and feed makers should refrain from over-profiteering by hiking prices indiscriminately, according to Agriculture Minister Muhammad Abdur Razzaque.

Bangladesh Bank yesterday asked banks and non-bank financial institutions to raise their loan disbursement ratio for cottage, micro, small and medium enterprises to 25 per cent of their outstanding loans by next year.