Ctg port choked by Kamalapur ICD-bound containers

The Chattogram Port is now facing a congestion of containers bound for Kamalapur Inland Container Depot (ICD) because of the suspension of transport through railway wagons since July 18 for countrywide violence and curfew centring the government job quota reform movement.
3 August 2024, 18:00 PM

How can we ensure discipline in banking sector?

My friend who is an apparel exporter received a call from his Spanish buyer over the weekend.
3 August 2024, 18:00 PM

Govt scraps Prottoy pension scheme amid protests

The government yesterday scrapped the much-talked-about pension scheme, called Prottoy, for public universities and self-governed, autonomous and state entities amidst opposition from university teachers and spiralling unrest following the deaths of more than 204 people centring the job quota protests.
3 August 2024, 18:00 PM

48 young entrepreneurs express solidarity with student movement

They issued a statement saying that, as members of the business community, they cannot stand silently by and watch the loss of innocent lives and for people’s demands to go unheard.
3 August 2024, 15:46 PM

Kamalapur ICD-bound container congestion hits Ctg port

The port yard now has 2,346 TEUs of containers, up from its capacity to store 876 TEUs
3 August 2024, 13:16 PM

Economic possibilities for my grandchildren

Geopolitical tensions are on the rise, and the world economy is facing its weakest medium-term prospects in decades
3 August 2024, 11:34 AM

Bangladesh once again second biggest global RMG exporter: WTO

The country now holds 7.4% of global market garment share
3 August 2024, 11:15 AM

Waive port charges incurred amid recent unrest

The Bangladesh Shipping Agents’ Association (BSAA) has urged the government to waive all port charges incurred for delays in container handling amid the weeklong unrest, internet outage and stringent curfew that began on July 18..The BSAA, the country’s sole trade body for shipping agents,
1 August 2024, 18:00 PM

Truth vs cry wolf

We have all been taught the virtues of honesty from our early childhood. Every child is instilled with the belief that truthfulness is the foundation of success and “honesty is the best policy”.
1 August 2024, 18:00 PM

BB plans to develop alternative internet infrastructure

Bangladesh Bank (BB) is planning to develop an alternative internet infrastructure in order to keep the financial sector insulated and ensure smooth execution of transactions in the event of any unexpected situation, such as the recent countrywide internet outage.
1 August 2024, 18:00 PM

Apprehensions rife over future exports

The ongoing unrest and curfew have raised apprehensions over Bangladesh’s future exports on the back of data corrections by Bangladesh Bank showing that almost all major sectors suffered a drop in shipments last fiscal year.
1 August 2024, 18:00 PM

Remittance hit 10-month low in July

Bangladesh’s remittance inflow fell to a 10-month low of $1.90 billion in July as expatriates were unable to send funds for some time due to an internet blackout centring the students’ quota reform movement.
1 August 2024, 18:00 PM

31 listed banks see a surge in interest income

Banks listed in the stock market logged Tk 2,700 crore higher interest income in the first half of this calendar year as lending rates rose after Bangladesh Bank eased its grip on the sector.
1 August 2024, 18:00 PM

EU halts Dhaka talks. Is it a bad omen?

The European Union’s (EU) postponement of the first round of negotiations with Bangladesh on a new agreement will impact trade, investment and development cooperation with the country’s largest trading partner..“In light of the prevailing situation, the first round of negotiations on the P
1 August 2024, 16:32 PM

E-commerce sector lost Tk 1,700 crore for internet shutdown, violence: e-CAB

The association seeks government assistance, places a set of demands
1 August 2024, 12:58 PM

Forex reserves decline by $1.3 billion in a month

Reserves stood at $20.48 billion on July 31, down from $21.78 billion a month ago
1 August 2024, 12:37 PM

Remittance falls 3.2% in July

Banks could not receive any remittance in the five days of countrywide internet blackout this month
1 August 2024, 11:43 AM

How Africa’s ‘ticket’ to prosperity fueled a debt bomb

Credit ratings were meant to help sub-Saharan countries tap global investors to fund much-needed development. But low scores, heavy borrowing and bad luck have left many struggling with crushing bond debt.
1 August 2024, 11:03 AM

Fed's Powell puts September rate cut on table as US inflation cools

The Fed ended its latest two-day policy meeting with a decision to hold its benchmark interest rate steady in the 5.25%-5.50% range
1 August 2024, 09:42 AM

Oil price rises

Oil prices climbed on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed concerns about weak China demand.
31 July 2024, 18:00 PM