Economic activities picked up in August compared to the month prior but could not recover from the trend of contraction that took hold in July, when the overall business environment deteriorated in the face of deadly protests, according to the latest Bangladesh Purchasing Managers’ Index (PMI).

Textile millers yesterday urged the interim government to take immediate steps to improve gas and power supply to production units, as most are now running at only 30 percent capacity.

National Bank, Islami Bank Bangladesh and Social Islami Bank have applied to the Bangladesh Bank (BB) for its guarantee to avail a total of Tk 6,800 crore in liquidity support through the inter-bank money market for a period of three months.

A lack of safety in foreign manufacturing and industrial units in Bangladesh, stemming from the debilitating law and order situation and labour unrest, has become a cause of major concern for foreign investors, denting their confidence.

People are grappling with high inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s government, Prof Muhammad Yunus, chief adviser to the interim government, said yesterday.

Share market indexes in Bangladesh maintained their upward trend for a second consecutive day yesterday as investors put fresh bets on lucrative issues amidst price fluctuations.

Some 39 sustainable brand initiatives were awarded in the 2nd SDG Brand Champion Awards 2024, organised by AkijBashir Group in association with Intellier and The Daily Star, at the Le Méridien Dhaka on Tuesday.

Arif Quadri, managing director and CEO of United Commercial Bank (UCB), formally resigned from his post today. He had been absent from office ever since the Sheikh Hasina-led Awami League government was ousted by a mass uprising on August 5

The government has appointed Md Sayed Ali, deputy secretary of the central digital cell under the Ministry of Commerce, as the E-Commerce Association of Bangladesh (e-CAB) administrator

The government appointed an administrator to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), following the resignation of its president amid protests

Says Financial Adviser Salehuddin Ahmed, highlighting flood of complaints and challenges

The planning ministry has formed a 12-member taskforce to develop strategies to boost the economy and mobilise resources for equitable and sustainable development

The Institute of Chartered Accountants of Bangladesh (ICAB) yesterday awarded 22 listed and non-listed firms across 13 different sectors for presenting the best annual reports, integrated reporting, and corporate governance disclosures.

Sustainability has become a mainstream issue for businesses across the globe, so Bangladesh should also invest in researching and developing innovative technology to help local companies embrace it in their core strategies, according to analysts.

The EU’s top court on Tuesday delivered two major victories in the bloc’s battle to rein in tech giants by ruling against Apple and Google in separate legal sagas with billions of euros at play.

Stock markets in Bangladesh rebounded yesterday after a six-day plunge as investors made fresh bets on lucrative shares to pocket short-term gains amidst price movements.

Egypt wants Bangladesh to import petrochemicals and fertilisers from the Northeast African country, said Omar Mohie Eldin Ahmed Fahmy, ambassador of Egypt to Bangladesh.

China-based Home Joy Socks Bangladesh Company Limited signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) recently to set up a sock and garment manufacturing factory in Bepza Economic Zone with an investment of $50 million. 

With most of the required infrastructure established, operations have started in earnest at the Nagarbari port on the bank of the Jamuna river in Pabna’s Bera upazila, making the transport of imported goods from Chattogram seaport to northern, northwestern and southern districts of the country easier, cheaper and faster.

The Asian Development Bank (ADB) and the World Bank are expected to provide funds to Bangladesh for banking sector reforms, including strengthening and modernising the central bank.