Buyer to drop sanction clause from LC: BGMEA

ZXY International has decided to remove the clause in the letter of credit (LC) that says that it will not accept garments from Bangladesh if the country faces any sanctions.
7 December 2023, 14:33 PM
7 December 2023, 10:47 AM
7 December 2023, 07:23 AM

Reserves remain under pressure

Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023, 18:00 PM

Over $1bn in loans expected next week

Bangladesh is expected to receive more than $1 billion in budget support from the Asian Development Bank (ADB) and the International Monetary Fund (IMF) next week, which could bring some relief to the nation’s dwindling foreign currency reserves.
4 December 2023, 18:01 PM

Inflation fell slightly last month

Inflation decelerated by 44 basis points to 9.49 percent in November led by a decline in both food and non-food prices.
4 December 2023, 18:00 PM

Six companies and three young humanitarians awarded

Six companies and three humanitarians were presented with the 3rd Bangladesh Sustainability Excellence Awards.
2 December 2023, 16:49 PM

6 firms, 3 individuals awarded by The Daily Star and CSR Window Bangladesh

Six companies and three young humanitarians were felicitated today at the 3rd Bangladesh Sustainability Excellence Awards for their sustainable and socially impactful initiatives
2 December 2023, 13:50 PM

Economy held hostage by ongoing unrest

Say business leaders, analysts
1 December 2023, 16:17 PM

Forex reserve shrinks by $120m in a week

Bangladesh's foreign exchange reserve has fallen by nearly $120 million in the span of a week, central bank data showed.
30 November 2023, 11:44 AM

Banks appreciate taka further against US dollar

Bankers decided to cut purchase and selling rates of the US dollar by more Tk 0.25 per dollar from next week with the aim to cool down the overheated foreign exchange market.
29 November 2023, 13:05 PM

Deadline for tax return filing extended by two months

The National Board of Revenue (NBR) extended the deadline today for the submission of income tax returns for individual taxpayers by two months to the end of January next year, according to an order issued today.
29 November 2023, 10:39 AM

Construction costs decline on falling prices of materials

Construction costs in Bangladesh declined for the second consecutive month in October, driven by a fall in the price of building materials, official figures showed.
25 November 2023, 18:01 PM

GDP growth stands at 5.78% in Q4 of FY23

Bangladesh’s economy slowed in fiscal 2022-23 although growth bounced back to 5.78 percent by the end of the year’s fourth quarter, government data shows.
23 November 2023, 18:01 PM

Bankers' decision to appreciate taka draws mixed reactions

Bankers today decided to appreciate the taka against the US dollar by Tk 0.50 from tomorrow as they observed an improvement in the overall current account balance, which records the nation's transactions with the rest of the world
22 November 2023, 17:23 PM

Banks’ excess liquidity drops despite slow lending

Excess liquidity in the banking sector of Bangladesh continues to fall despite lower credit demand ahead of the national polls and higher interest on deposits offered by banks to lure savers.
20 November 2023, 12:25 PM

Patenga container terminal opens today

One and a half years after the completion of construction, the newly-built Patenga container terminal (PCT) at the Chattogram port is finally going to be formally inaugurated.
20 November 2023, 12:25 PM

RMG factories open as workers return

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is seeking higher prices for each unit of garment items in line with workers’ wage increases as factories that had temporarily shut down due to recent unrest started reopening gradually yesterday after the arrival of workers.
20 November 2023, 12:25 PM

Retail sales drop as blockade bites

The nationwide blockade being observed by several political parties in Bangladesh is taking its toll on businesses as sales have plunged.
20 November 2023, 12:25 PM

Green growth needs to be cost-effective

“People do business to make money, if green activities are more costly, how they will make money?”
19 November 2023, 18:00 PM