Economists urge strategic diversification beyond garments to counter trade challenges

My first real exposure to credit came when I joined ANZ Grindlays corporate banking in the early nineties. Later, as head of restructuring and recovery at Standard Chartered during the Asian financial crisis, I faced the reality of what happens when loans turn sour.

Bangladesh should widen its export base within and beyond the ready-made garment industry by moving into mid-tier technology sectors, said Aditya Gahlaut, head of Asia for Global Trade Solutions at HSBC.

The DSEX gained 24.71 points to close at 5,374.96

For many, these products are inseparable from personal memory

The government has failed to dismantle entrenched networks of businessmen and bureaucrats despite assuming office through a mass uprising, economists and bankers said on Wednesday.

Bangladesh saw a rebound in foreign direct investment (FDI) in the fiscal year (FY) 2024-25, with net inflows reaching $1.71 billion.

US President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of America’s billionaire president.

Money lives two parallel lives. For the poor villager, it hides in the folds of a lungi, under a mattress, or in the holy corner of the rice jar, because who needs banks when you have God? Meanwhile, the rich gentleman (read: political or business elite) does not believe in such simplicity. His money takes the first flight out—to Dubai, Singapore, London—anywhere but here. The result? One half of the nation is literally sleeping on cash, while the other half is ensuring that Bangladesh itself remains penniless.

Bangladesh and Pakistan have agreed to establish a new joint trade and investment commission to boost bilateral trade, Commerce Adviser Sk Bashir Uddin said yesterday.

Prolonged closure of factories of three listed companies – Ratanpur Steel Re-Rolling Mills (RSRM), Nurani Dyeing & Sweater Limited, and Aramit Cement – has left investors frustrated and incurring losses.

The government is showing interest in setting up the country’s first free trade zone (FTZ) in the southern coastal region, aiming to attract more foreign investment and create jobs.

Cash does not leave a trail. It is not about convenience; it is about invisibility

The DSEX decreased 4.44 points to settle at 5,374.96

The DSEX declined 11.89 points, reaching 5,367.51 by 11:34 am

Establishing and protecting sanctuaries is crucial for increasing fish resources, as the volume of open water bodies is declining at an alarming rate, Fisheries and Livestock Adviser Farida Akhtar said yesterday.

As global aid flows shrink and traditional donor priorities turn inward, Bangladesh must strengthen its domestic resource mobilisation, Bangladesh Bank Governor Ahsan H Mansur said yesterday.

Asset quality review aims to improve banking sector stability

Social Islami Bank's (SIBL) founding shareholders have urged the central bank and the Ministry of Finance not to involve the bank in any merger with other ailing banks.

The Financial Institutions Division (FID) of the finance ministry has formed a four-member committee to probe and submit an inquiry report on the controversial image/video of AFM Shahinul Islam, head of the Bangladesh Financial Intelligence Unit (BFIU), that was circulating on social media.