Sending businessmen to jail may cause further price spiral

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.

23% RMG factories remain out of inspection in Bangladesh: CPD

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).

Top cement makers shifting to eco-friendly production

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.   

What happened to shut down Toyota's production in Japan?

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.

New UK trade benefit / Bangladesh can save £315m a year: experts

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.

Economy headed in wrong direction

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.

PM directs to initiate process to secure loans from NDB

Prime Minister Sheikh Hasina yesterday directed the concerned departments to start the process of securing loans from the New Development Bank (NDB).

Bilateral trade to rise if EPA is signed with Korea

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.

Policyholders can take loan from pension scheme fund

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.



Record potato production, yet prices going up

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. 

15h ago

India cuts prices of cooking gas

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.

15h ago

ChatGPT turns to business as popularity wanes

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.

15h ago

StanChart facilitates first LC application via H2H connectivity

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.

15h ago

EBL, Trust Bank sign deal on money transfer

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.

15h ago

UCB gets BB recognition in sustainability rating

United Commercial Bank (UCB) PLC was honoured yesterday as one of top banks in “Sustainability Rating 2023” by the Bangladesh Bank. 

15h ago

Dollar ticks up, yen under pressure

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.

15h ago

Govt now offers incentives on summer onion varieties

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. 

15h ago
Global Economy

Global Economy

US trade curbs threaten global supply chains

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.

15h ago

Toyota’s Japan production at standstill

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.

15h ago

UK shop price inflation at 10-month low

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.

15h ago

India’s 5 lakh tonnes of rice shipments postponed after new duty

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.

15h ago

China’s factory activity likely extended declines

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.

15h ago

Ukraine won’t reduce winter wheat acreage

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.

15h ago

Tk 16.2 crore incentive for summer onion growers

The move comes when India imposes 40% export duty on onion

17h ago

Bangladesh, Korea trade deal to boost bilateral investment: envoy

The two countries celebrated 50th anniversary of diplomatic relations

18h ago
Organisation News

Organisation News

Workshop on MFS abuse held in Sylhet

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.

5d ago

Electro Mart opens sales centre in Sylhet

Electro Mart Group, an electronics and home appliances company of the country, recently opened a sales and display centre in Sylhet.

5d ago

Rancon, Montrims sign deal for rooftop solar power plant

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.

1w ago

Honda posts 78% rise in Q1 profit

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.

2w ago

Walton’s industrial expo begins today

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”.

2w ago

aamarPay teams up with LankaBangla

aamarPay, a fintech company of the country, has recently entered into strategic payment collaboration with LankaBangla Finance Ltd over payment services.

2w ago

AIBL organises business review meeting

Al-Arafah Islami Bank Ltd organised a Business Review Meeting for managers of corporate branches at the bank’s head office in Dhaka yesterday.

2w ago

Tasty Treat opens outlets in Pabna

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.

2w ago
Business Multimedia

Business Multimedia

Bogra Motors manufactures, exports automobile filters 

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

Has the number of unemployed really decreased in the country?

The number of unemployed in the country has decreased. In other words, more people are involved in economic activities than ever before

Jon Haat: a place for hiring farm workers

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.

After ten years, how much did new banks contribute to economy?

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

Will Bangladesh benefit from trade in Indian rupee?

Will trade in rupee increase Bangladesh’s forex reserves?

Chinese investors rush to offshore funds to offset domestic risks

Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with exposure to overseas assets that will also help diversify their portfolios.

15h ago

PM seeks more US investment

Prime Minister Sheikh Hasina yesterday called for larger investment from US companies in sectors, particularly power, energy, ICT and infrastructure.

15h ago

‘University curriculum fails to meet industrial sector’s needs’

A Dhaka University professor says at SME Foundation, FES Bangladesh event

17h ago

Policyholders can take loan from universal pension scheme fund

Can borrow 50% of the money deposited as subscription fee

20h ago

Indian rice shipments of 500,000 tons postponed after new duty- exporters

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.

22h ago

China warns US trade curbs threaten global supply chains

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.

1d ago

China, US set to hold fresh talks on trade disputes

US and Chinese officials will hold a fresh round of talks on contentious trade issues Tuesday, the third day of a visit to Beijing by US Commerce Secretary Gina Raimondo.

1d ago

Dollar kerb market heats up again

The exchange rate gap in the official and unofficial channels in Bangladesh has started to widen after a few months of lull as the US dollar is getting costlier in the informal market, a development that may adversely impact the remittance flow.

1d ago

Worker outflow to Saudi Arabia climbs but remittance falls

The outflow of migrant workers from Bangladesh to Saudi Arabia surged around four times in the last three years but remittance earnings from the country have kept falling, official figures showed.  

1d ago

Country Garden says its $100b Malaysia project on track

Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and it had sufficient assets, despite concerns about its financial strength amid debt woes.

1d ago