The government wants to bring down the prices of essentials through talks with the business community since sudden jail and other stern actions might send the prices higher further, said Commerce Minister Tipu Munshi today.
About 23 percent of the RMG factories in Bangladesh have remained out of inspection, according to the findings of a study by the Centre for Policy Dialogue (CPD).
Bangladesh’s major cement manufacturers are increasingly shifting to eco-friendly production processes with a view to cutting energy consumption and pollution and ensuring the sustainability of their business in a world that is getting more worried about industries’ carbon footprint.
Toyota Motor (7203.T) was ramping back production at its Japan-based factories on Wednesday after a computer system processing orders for vehicle parts broke down on Tuesday, forcing the closure of 14 assembly plants.
Bangladesh will benefit the most from the UK’s Developing Countries Trading Scheme (DCTS) as it will potentially save £315 million in tariffs annually on its exports to the European nation, according to experts.
As much as 70 percent of the respondents in a recent survey think Bangladesh’s economy is heading in the wrong direction, and they cite high prices of products as the basis for their viewpoint.
Prime Minister Sheikh Hasina yesterday directed the concerned departments to start the process of securing loans from the New Development Bank (NDB).
Bangladesh’s bilateral trade and investment with Korea will increase if an economic partnership agreement (EPA) is signed, Korean Ambassador to Bangladesh Park Young-sik said yesterday.
The policyholders can take loans against the money they will deposit as subscription fee for the universal pension scheme, said Kabirul Ezdani Khan, executive chairman of the National Pension Authority.
Potato prices are soaring even though farmers this year grew a record 1.04 crore tonnes, cutting the buying power of consumers, especially fixed and low-income people already battered by sustained high inflation.
India cut the price of cooking gas for households on Tuesday by about 18 percent to rein in inflation ahead of crucial state and general elections.
OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut.
Standard Chartered Bangladesh has provided Genesis Fashions Ltd, a ready-made garments manufacturer and sister concern of the M&J Group, with the resources needed to submit trade applications via host-to-host (H2H) connectivity.
Eastern Bank Ltd (EBL) has signed an agreement with Trust Bank Ltd for the money transfer service Ria, a US-based global money transfer company whose Bangladesh agent is Trust Bank.
United Commercial Bank (UCB) PLC was honoured yesterday as one of top banks in “Sustainability Rating 2023” by the Bangladesh Bank.
The US dollar ticked up slightly on Tuesday after a strong run though traders held off from large bets ahead of a slew of economic data this week, while the Japanese yen languished near levels that triggered intervention last year.
The government will provide an additional Tk 16.2 crore as incentives to farmers to encourage them to cultivate the summer varieties of onions in its efforts to reduce import dependence and become self-reliant.
Beijing has raised “serious concerns” with the United States over Washington’s trade curbs on Chinese businesses, warning they could threaten the “security and stability” of global supply chains, state media reported Tuesday.
Toyota Motor Corp on Tuesday said it has suspended operations at all 14 of its assembly plants in Japan due to a production system malfunction, bringing domestic output to a standstill at the world’s biggest-selling automaker.
Prices in British store chains rose in August at the slowest pace in nearly a year, according to industry data that offers further relief for consumers hit by high inflation and for the Bank of England which is trying to quash it.
India’s move to impose a 20 percent duty on exports of parboiled rice has prompted buyers and sellers to postpone shipments of around 500,000 metric tons to after mid-October to avoid paying the tax, three leading exporters told Reuters on Tuesday.
China’s factory activity likely contracted for a fifth straight month in August, a Reuters poll showed on Tuesday, as weak demand threatens recovery prospects in the world’s second-largest economy and pressures officials to prop up growth.
Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, a senior farming official told Reuters on Tuesday.
The move comes when India imposes 40% export duty on onion
Sylhet Metropolitan Police, in collaboration with bKash, recently organised a daylong workshop styled “Investigating and Preventing Abuse of Mobile Financial Services” at Hotel Rose View in Sylhet.
Electro Mart Group, an electronics and home appliances company of the country, recently opened a sales and display centre in Sylhet.
Rancon Infrastructures and Engineering Limited (RIEL) signed a contract with Montrims Limited to establish a 2.5MWp rooftop solar power plant at the latter’s factory located at Mouchak, Kaliakoir in Gazipur.
Japan’s Honda Motor reported a 78 percent rise in quarterly profit on Wednesday, boosted by increased sales, especially in the North American market, and a weaker yen.
Walton, an electronics manufacturer of Bangladesh, is going to host the country’s first-ever mega industrial fair styled “International Advanced Components and Technology (ATS) Expo-2023”.
aamarPay, a fintech company of the country, has recently entered into strategic payment collaboration with LankaBangla Finance Ltd over payment services.
Al-Arafah Islami Bank Ltd organised a Business Review Meeting for managers of corporate branches at the bank’s head office in Dhaka yesterday.
Tasty Treat, a fast-food retail brand of Pran-RFL Group, has started operations in Pabna by opening two outlets in the Dilalpur and Shalgaria areas of the city on Monday.
There are 350 different types of filters made by Motors Bogra Pvt Ltd, from motorbike filters to car filters. These filters, produced in Bangladesh, are exported overseas as well as being used locally
The number of unemployed in the country has decreased. In other words, more people are involved in economic activities than ever before
The demand for day labourers is considerably high in Faridpur as farms in the major crop producing region require the assistance of seasonal workers whenever the harvest period comes around.
Despite criticism from analysts and economists and initial objections from the central bank, the government licensed nine new banks in 2013. Some of the banks are currently doing well in terms of profitability. However, the non-performing loans of some of them are relatively high