Yesterday’s opening of the Padma Bridge gave connectivity a shot in the arm since it is going to cut the time needed to move goods between the southwestern region of Bangladesh and the capital city by two to four hours, thus cutting the cost of doing business.

In 2012, when the government decided to construct the Padma Bridge using its own resources, many economists feared that Bangladesh’s foreign currency reserves would take a big hit.  

The appetite among entrepreneurs to form One Person Companies (OPCs) remains low even though 10 months have passed since the government started registering single owner-based enterprises.

Mastercard has concluded its recent Spend and Win campaign, titled ‘Mystical Maldives’ with an award ceremony.

One week into the devastating flood that engulfed the Sylhet region, mobile connectivity has been restored in most areas of the worst-hit Sunamganj district. 

The Padma Bridge will create many domestic and international trade opportunities, especially in the South Asia, and fuel the GDP growth of the country, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry.

The recent floods in northern Bangladesh are now affecting farmers in five districts of the greater Rangpur region as significant amounts of land in the economically disadvantaged area have gone underwater.

Although foreign assistance disbursement is increasing continuously, the country is still behind its target for this fiscal year. 

Selim Raihan, a professor of economics at the University of Dhaka, co-authored a study on the economic impact of the Padma Bridge in 2010 when the government had been at the final stage of beginning its construction works. 

The Bangladesh Bank yesterday removed SM Shamsul Arefin from the post of managing director of Uttara Finance and Investments Ltd (UFIL) for his alleged involvement in financial irregularities.

While the construction of the Padma Bridge with the country’s own fund has buoyed the nation’s confidence, the longest bridge in Bangladesh has also given an opportunity to local industries to demonstrate their prowess to both local and global audiences that they can make quality materials.

City Bank recently signed an agreement with Evercare Hospital Dhaka and Evercare Hospital Chittagong enabling Citygem priority banking customers to avail complimentary health screening along with a companion once a year. 

A Vietnamese flagged container vessel damaged in a collision with a Bangladeshi oil tanker in the Bay of Bengal near the Kutubdia coast on April 14 has finally sailed for Singapore on Tuesday noon following repairs. 

Bangladesh has cut customs tariffs and duty on rice until October 31 this year in order to encourage imports to increase supply of the staple grain in the domestic market and cool its prices, according to a notification today (June 23, 2022).

The economic potential of the Padma Bridge is important to change the fates of millions of people of the southwestern parts of Bangladesh as the much-awaited bridge will connect more than 30 million people of 21 Southern districts, economists said today.

Bangladesh and the European Union today agreed to form a joint committee to find out the challenges standing in the way of smooth customs clearances and the opportunities a simplified procedure can offer for both express and non-express air cargoes.

The Bangladesh Bank today removed SM Shamsul Arefin from the post of managing director of Uttara Finance and Investments Ltd (UFIL) for his alleged involvement in financial irregularities.

Mobile financial service provider upay today signed an agreement with Pran-RFL Group to facilitate salary disbursement and merchant payment.

Bangladesh has 1.21 crore sacrificial animals available this year for the Eid-ul-Azha, Fisheries and Livestock Minister SM Rezaul Karim said today.

The government should focus on restoring macroeconomic stability, containing inflation and keeping the foreign exchange market stable this year, economists said in a webinar today.