Meghna Group to assemble Kia SUVs

Meghna Automobiles Ltd, a concern of Meghna Group, is working to assemble passenger cars of South Korean automobile manufacturer Kia in Bangladesh, said a top official.
8 November 2023, 00:06 AM

Blockade disrupts delivery of imports from Ctg port, ICDs

The delivery of import cargo from Chattogram port as well as private off docks has been sharply impacted by a countrywide two-day blockade that ended yesterday.
7 November 2023, 01:00 AM

Poor governance hampers economic growth

The socioeconomic development of India, Pakistan and Bangladesh is being hampered by the prevalence of poor governance and institutional weakness in the three South Asian nations, according to analysts.
6 November 2023, 18:00 PM

Inflation hits five-month high in October despite steps

Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
6 November 2023, 18:00 PM

Pressure on external sector, inflation to ease after polls

The pressure on the external sector and inflation will start to peter out from the third quarter of the current fiscal year, particularly after the parliamentary elections, said the Bangladesh Bank governor yesterday.
6 November 2023, 16:23 PM

Inflation surges to 9.93% in October

In October, food inflation went up by 12.56 percent from 12.37 percent a month earlier, while non-food inflation increased to 8.30 percent from 7.82 percent in September
6 November 2023, 12:46 PM

Betel leaf farmers in Moheshkhali devastated by Cyclone Hamoon

Farmers in the Moheshkhali upazila of Cox’s Bazar, famed for its evergreen betel leaves, were the worst sufferers of Cyclone Hamoon, leaving them staring into the abyss as they wonder how to cover up massive losses.
6 November 2023, 01:00 AM

Regional integration vital for attracting FDI: experts

Improving regional integration, making genuine political commitments and ensuring good governance are key to attracting foreign direct investment (FDI) in South Asia, according to experts.
5 November 2023, 17:59 PM

Feasibility study for first offshore wind power project gets nod

The government has given the nod, in principle, to conduct a detailed feasibility study for establishing the first offshore wind energy plant in Bangladesh.
5 November 2023, 17:59 PM

24,605 complaints filed against 14 insurers in 10 months

More than a dozen life insurance companies settled only 14.09 percent of the 24,605 complaints they received in the first 10 months this year, creating uncertainty about whether policyholders will get back their money, official figures showed.
5 November 2023, 01:30 AM

'Sri Lanka immensely benefitted from Bangladesh’s support'

Sri Lanka has immensely benefited from Saarc countries, particularly Bangladesh and India, from a macroeconomic perspective in recent times, the central bank governor of the Island nation said yesterday.
4 November 2023, 18:05 PM

South Asia not ready for common currency

South Asia is not yet ready for a common currency, said economists from countries in the region at the opening of a two-day 14th South Asia Economic Summit in Sheraton Dhaka yesterday.
4 November 2023, 18:02 PM

How can Bangladesh tackle deglobalisation?

Deglobalisation is a term used to describe how the interconnectedness of the world economy is weakening due to factors such as trade barriers, a rise in nationalism, wars, and disruptive occurrences such as the pandemic.
4 November 2023, 17:59 PM

Sri Lanka immensely benefitted from Bangladesh’s support

Lankan central bank governor says at CPD dialogue
4 November 2023, 07:39 AM

Industrial output halves as consumer demand drops

Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.
3 November 2023, 04:05 AM

Current account balance turns positive

The country’s current account balance stood in positive territory in the first quarter of the current fiscal year due to a sharp slowdown in imports.
3 November 2023, 03:58 AM

Export plunges to a 26-month low

Exports earnings fell to $3.76 billion in October, the lowest in 26 months, as shipment of apparel items became the last major victim to the falling global demand as consumers tighten belts amid higher inflation.
3 November 2023, 03:54 AM

Do as I say, not as I do

The cherry on top is not always as delicious as it beckons you to believe. Those who look up to their leaders as infallible are often too soon disillusioned by their fallacies, double standard and hypocrisy being the most common of them.
2 November 2023, 17:59 PM

Industrial output halves as consumer demand drops

Industrial production in Bangladesh grew at a slower pace of 8.99 percent in the last fiscal year of 2022-23 as consumer demand dropped amid sustained higher inflation, sluggish export growth and falling imports.
2 November 2023, 17:57 PM

Six sectors enjoyed tax breaks of Tk 33,366cr

Six sectors enjoyed around 40 percent of the direct corporate tax expenditures, meaning tax subsidies in the form of rebates, discounts, exemptions and income tax cuts, in fiscal year 2020-21.
2 November 2023, 17:43 PM