Rising rubber production in Bangladesh is helping local tyre manufacturers cut the country’s reliance on the imports of the product used in making bicycles, motorcycles, three-wheelers and easy bikes, said an industry insider. 

Tomato farmers, particularly those in the southwest division of Khulna, are facing steep losses as prices for the fruit have come down drastically due to oversupply, as is the case around this time each year.

Default loans in Bangladesh’s banking sector jumped 17 per cent year-on-year to Tk 120,656 crore last year owing to a lack of corporate governance and the ongoing business slowdown.  

The world’s biggest food group Nestle will push through further price increases this year, Chief Executive Mark Schneider said on Thursday, after more expensive ingredients contributed to lower 2022 profits.

The commerce ministry yesterday launched a Central Complaint Management System (CCMS) in order to protect consumers from fraud while purchasing goods and services from e-commerce firms.

Confidence Cement Ltd reported a Tk 22.51 crore profit in the October-December quarter of the current financial year.

BASIS SoftExpo 2023, the largest digital and ICT sector exhibition of Bangladesh, will begin on February 23 at Bangabandhu Bangladesh China Friendship Exhibition Centre at Purbachal in Dhaka.

For the second consecutive quarter, the United States of America has been the biggest source of remittance for Bangladesh, leaving the Kingdom of Saudi Arabia (KSA) in second place even though the Middle Eastern nation hired the highest number of workers during the period.

A level-playing field needs to be maintained for foreign companies interested in investing and operating in Bangladesh, emphasised the United Kingdom (UK) in a statement after a dialogue yesterday.

The National Board of Revenue plans to bring more export-oriented sectors under the bonded warehouse privilege so that entrepreneurs can import raw materials duty-free, said its chief yesterday.

Bangladesh Investment Development Authority (Bida) has invited the US to invest in Bangladesh’s agriculture sector and share its knowledge in agro-processing.  

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged Proparco, a subsidiary of the French AFD Group focused on private sector development, to provide low-cost funds to small Bangladeshi enterprises.  

The cultivation of zinc biofortified paddy is yet to reach sufficient levels due to low demand stemming from a lack of awareness on the benefits of consuming the grain, according to various experts.

Bangladeshis in the North American country sent home $966.89 million in the October-December period of 2022

The BGMEA president met a delegation of Proparco in Paris on February 18

The Bangladesh Association of Software and Information Services (BASIS) is organising the four-day mega show

Habitual defaulters' reluctance to repay the funds fuelled the amount to reach Tk 120,656 crore

The CCMS platform will act as a bridge between the consumers, regulators and the e-commerce stakeholders

Confidence Cement Ltd reported a Tk 22.51 crore profit in the October-December quarter of the current financial year.

Reckitt Benckiser (Bangladesh) PLC made a profit of Tk 65.91 crore in the year that ended on December 31, down 18.44 per cent year-on-year.