Nearly 75 percent of the 9,596 garment and non-garment factories across Bangladesh were yet to pay workers their March wages till yesterday, according to Industrial Police, as Eid holidays are just around the corner.

The Bangladesh Bank has directed four state-owned banks to remain open today, even as the country begins a nine-day Eid-ul-Fitr holiday. 

The Bangladesh Bank has raised transaction limits for mobile financial service (MFS) providers such as bKash, Rocket, and Nagad ahead of Eid-ul-Fitr, a time when money flow in the economy typically increases.

Labour and Employment Adviser M Sakhawat Hussain yesterday warned Premier Bank of stern actions if it did not disburse the Bangladesh Bank’s cash incentive fund for payment of garment workers’ salaries ahead of Eid.

The inflow was 82.46 percent higher than the same period last year, according to industry insiders. 

Riyadh, who previously served as secretary, has been instrumental in policy advocacy, organising key seminars, and fostering a conducive trade and investment environment, according to a press release

Earlier, the startups in Bangladesh were not allowed to invest abroad

The non-Basmati rice will be procured from Indian company

Satellite service providers asked to route internet traffic through local gateways

The authorities have detected a bird flu case at a government poultry farm in Jashore -- the first in Bangladesh since 2018 -- raising concerns among farmers.

As Bangladesh’s graduation from the least developed country (LDC) club to a developing one draws near, a six-member high-powered committee of public officials, economists, and policy experts has been formed by the interim government to implement a smooth transition strategy.

While S Alam Cold Rolled Steels and Shinepukur Ceramics Ltd have not been faring well in their business, the share prices of the companies almost tripled in the past month, raising the eyebrows of stock market analysts.

The government has formally responded to concerns raised by major foreign telecom investors regarding the upcoming 700MHz spectrum auction, proposing conditional pricing concessions to ease industry apprehensions.

Bangladesh’s soybean production and imports are increasing steadily as demand from the poultry, livestock, and aquaculture sectors continues to grow alongside rising domestic consumption, according to the latest report by the US Department of Agriculture (USDA).

For years, Bangladesh has been approaching a crossroads in its development journey. Having met the criteria for graduation from Least Developed Country (LDC) status in 2018, the government found itself in a conundrum.

The country’s foreign exchange market is stabilising thanks to a surge in US dollar (USD) inflows, driven by higher remittances, stronger export earnings and tighter oversight by the central bank.

Hotels and resorts in popular tourist spots across Bangladesh have so far got only 70 percent booking of their occupancy ahead of Eid-ul-Fitr -- down from last year’s 85 percent, according to industry insiders. 

Bangladesh exported ready-made garments worth $9.82 billion in 2022, $7.25 billion in 2023, and $7.40 billion in 2024 to the US, ITC data shows. 

Starlink, the satellite internet service owned by SpaceX, will be required to route its commercial broadband traffic through a local broadband gateway or international internet gateway (IIG) when it begins commercial operations in Bangladesh, the chief adviser's office said yesterday.

The shipping ministry has approved a special incentive bonus of Tk 60,000 for all categories of employees of the Chittagong Port Authority (CPA) and the ministry for achieving record cargo and container handling at the port.