High inflation, rising pressure on external account to slow down economy, the economist said

Power generation companies, including rental ones, may see an end to a zero-duty benefit on their import of machinery, equipment and spare parts from next fiscal year as the government moves towards generating more revenue curtailing the practice of handing out tax exemptions.

The Bangladesh Bank told businesspeople that the lending rates will not exceed 14 percent, according to the leaders of several trade bodies.

The Chittagong Port Authority signs MoU with the Abu Dhabi-based company

In Jan-Mar, the bank made a profit of Tk 164 crore this year, up from Tk 134 crore last year

The bank's profit rose 26% year-on-year to Tk 60.39 crore in Jan-Mar period of 2024

Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.

Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose

Despite global uncertainty, Bangladesh’s outlook has remained bright and the economy is expected to grow steadily, said a top economist of the Hongkong and Shanghai Banking Corporation (HSBC).

Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.

Says HSBC’s chief economist for Asia

Cabinet Secretary for Coordination and Reforms Mahmudul Hossain Khan told The Daily Star

British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.

The bank will support 3,500 MSMEs and women-led businesses in Bangladesh

The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit

Green Delta Insurance Ltd reported a profit of Tk 8 crore in the first quarter of 2024, an increase of 8 percent year-on-year

Beacon Pharmaceuticals, which makes more than 200 generic drugs and 65 oncology products, saw a 7.38 percent decline in profits during the July-March period of 2023-24, owing mainly to a rise in interest rates

Turkish business leaders discussed bilateral trade potential with FBCCI president