As of yesterday, 51.21 percent, or 4,849 out of 9,469 mills and factories, did not pay the salaries for the month of March, data from the Industrial Police showed.

The central bank also directed banks to ensure mandatory clearance certificates from utility service providers before approving loans.

According to the IFC, the food and beverage sector, a key pillar of Bangladesh's economy, accounts for around 13 percent of the manufacturing production in value and employs 19 percent of the industrial workforce with a projected compound annual growth rate of 12 percent.

Bangladesh has sought duty-free access for its products shipped to Brazil to reduce the bilateral trade gap.

Troubled state-owned BASIC Bank is likely to be acquired by private sector lender City Bank as the central bank is forging full steam ahead with its plan to engineer the takeover of weak banks with stronger ones.

The Bangladesh Jute Mills Corporation continues to be mired in losses due to the huge payroll burden of its 25 closed factories since 2020.

The cabinet committee on economic affairs says

Leading chamber body’s latest news bulletin highlights challenges, opportunities for Bangladesh economy in 2024

The multinational bank made Tk 43 crore in 2023, up from the previous year's Tk 13 crore

The price of gold in Bangladesh is poised to surpass all previous records as the jewellers in the country have decided to increase its rates with effect from today

Megafarms are being set up to produce camel milk on industrial scales

IFC is providing $30 million in Pran Dairy Ltd (PDL) and Habiganj Agro Ltd (HAL), concerns of PRAN Group, to support their businesses severely impacted by the shortage of US dollars in Bangladesh

Dhaka stocks edged up in the morning trade today, reflecting a buying sentiment among investors after the market suffered major losses in recent weeks

In February, banks lent Tk 15.76 lakh crore to the private sector, which was 9.96 percent higher year-on-year, showed data of Bangladesh Bank.

The British multinational bank logged profits of Tk 2,335 crore in 2023, up from Tk 1,655 crore in 2022, according to its financial reports.

He also suggested the government increase direct taxes on wealthy people so that people with low incomes need not be overburdened with tax.

Although there is no accurate data on the market for electronic home appliances, industry insiders believe that sales during Eid-ul-Fitr account for around 60 percent of their annual receipts.

Last week, the finance division issued a circular asking all ministries and divisions to send by April 29 their budget proposals for 2024-2025 and their expenditure plans for the following two financial years to help prepare the midterm budgetary framework.

Telecom operators and experts in Bangladesh yesterday demanded restructuring taxation in the sector, arguing that the rates in place are not only limiting the sector’s growth, but also potentially hindering the implementation of “Smart Bangladesh”.

Some 70% have already paid festival bonus, Industrial police say