Bypassing the traditional air shipment routes through India or Bangladesh, garment exporters have found the Maldives to be a cheaper as well as faster route.

Despite a doubling of local demand over the past decade, the country’s lone state-owned hard rock mining venture Maddhapara Granite Mining Company Limited (MGMCL) is facing challenges with declining sales and mounting stockpiles.

The Bangladesh Bank (BB) has decided in principle to withdraw the restrictions on opening letters of credit (LCs) by six crisis-hit banks, according to officials.

Generation Next Fashion, a listed apparel maker in Bangladesh, is struggling to continue operations due to labour unrest and a working capital shortage amid the absence of its top leaders, according to a disclosure on the Dhaka Stock Exchange (DSE).

Bangladesh has drafted the Cross-Border Digital Commerce Policy 2024, marking a significant step towards integrating the economy with the global digital marketplace as it looks to facilitate globally accepted payment methods.

The demand outlook for locally made denim garments is gradually improving as Western economies rebound, local and foreign businessmen said yesterday.

Stocks soared yesterday as investors cheered the substantial cut in capital gains tax by the National Board of Revenue (NBR) to encourage big local and foreign investors.

India’s manufacturing growth gained momentum in October after decelerating for three months as demand improved significantly, helping in job creation and leading to a better business outlook, according to a business survey released on Monday.

AO Smith Corporation is a Wisconsin-headquartered global water technology company

The cell also cuts freight rates by up to 5%

The prime index of the Dhaka Stock Exchange rose 61.64 points or 1.19% to 5,252

Its board recommended 21% cash dividend, the highest in 8 years

Prior to the rate cut, taxpayers had to pay 30 percent tax on the capital gains over Tk 50 lakh if the gains are realised in five years at any time of a year.

Turnover, which shows the flow liquidity in the market, stood at Tk 157.79 crore

The equipment, which enables rice producers to harvest and thresh their paddy, saves both on time and cost of labour, they said

Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.

IFIC Bank has served a legal notice to Shakib Al Hasan Agro Farm Ltd, an entity owned by its namesake and the former captain of the Bangladesh national cricket team, after a cheque issued by the company bounced.

Small and medium-sized enterprises (SMEs) are the lifeblood of economic development, especially in countries like Bangladesh.

US job growth slowed drastically in October, hit temporarily by hurricanes and labor strikes, in a final major economic snapshot in a razor-edge presidential election campaign where cost-of-living worries have dominated voter concerns.

Tea production in Bangladesh will likely decline this year due to adverse weather, namely sporadic bursts of rain and subsequent flooding, according to market players.