Tyre makers in Bangladesh are ramping up production in a bid to expand their market share by catering to a potential supply shortage that may arise from the recent destruction of the Gazi Tyres factory in Rupganj upazila of Narayanganj.

The Korea-Bangladesh Chamber of Commerce & Industry (KBCCI) signed deals with the Korea Packaging Association (KOPA) and the Korea Importers Association (KOIMA) in Seoul recently, according to a press release .A KBCCI delegation, led by Park Young-sik, ambassador of Korea to Bangladesh, v

The lender invited bids from interested buyers for properties mortgaged by the company in the capital's Uttarkhan, Uttara Residential Model Town and Bashundhara.

World Bank (WB) Vice President for South Asia Martin Raiser affirmed the bank’s commitment to support critical reforms to promote inclusive and sustainable growth of Bangladesh

The World Bank (WB) is considering a $2 billion budget support for Bangladesh during the current fiscal year, according to the multilateral lender’s South Asia Region Vice President Martin Raiser

The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.

The World Bank will provide support in reforming banking and other sectors in Bangladesh, Finance and Commerce Adviser  Salehuddin Ahmed said on Thursday

The Bangladesh Financial Intelligence Unit (BFIU) has instructed banks to freeze accounts owned by Orion Group Chairman Obaidul Karim and its Managing Director Salman Obaidul Karim.

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.

The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re

Bangladesh Bank yesterday withdrew its previous instructions for holding meetings of banks virtually as a part of austerity measures taken during the Covid-19 pandemic in 2020.

The Bangladesh Securities and Exchange Commission (BSEC) has sought a travel ban on directors, the managing director and CEO of Sinha Securities for a deficit in the brokerage house’s consolidated customers’ account (CCA).

India’s exports to Bangladesh dropped by 28 percent year-on-year to $681 million in August, according to a report by The Indian Express.

India’s edible oil consumption is set to grow at a pace of 2 percent-3 percent as cooking oils remain affordable despite an import duty hike, a leading importer told Reuters on Wednesday.

In recent years, Bangladesh’s position in the global corruption index has been a major concern. Under the previous regime, the situation deteriorated, especially as people in power and their families became more deeply involved in corruption. While corruption exists in most countries, the question is its magnitude. If it goes beyond a tolerable level, it can severely affect the economy and its growth. There is a general perception that a 10 percent reduction in corruption can positively impact GDP growth by 1 percent, although this relationship varies by country and requires further research.

Sri Lanka’s economic collapse was partly blamed on struggling high-debt Chinese mega-projects, but candidates in Saturday’s presidential election are banking on at least one of them to buck the trend.

The leaders of the Bangladesh Association of Banks (BAB) have urged the central bank to take steps to stop defaulters from filing writ petitions with courts against the classification of loans and the collection of non-performing loans (NPLs).

A total of 30 garment factories in different industrial zones across Bangladesh, especially Ashulia, stayed closed yesterday as safety concerns remained following the recent unrest.

Bangladesh’s external debt increased to $103 billion at the end of June this year after falling slightly in March.

Global hikes in tyre and tube-making raw materials rates and a factory rampage at local key manufacturer Gazi Tyres have caused a shortage and price hikes for the auto item used in lightweight two- and three-wheelers like motorbikes and auto-rickshaws.