Apex Footwear’s net profit fell about 34 percent to Tk 2.4 crore in the October-December quarter

Spending under the Annual Development Programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies having used just 22.48 percent of their allocations till December last year, official figures showed.

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually

BSRM Ltd, the biggest steelmaker in Bangladesh, said its sales dropped in the first half of the current financial year, suffered by reduced demand amid the economic slowdown.

Some 79.1 percent of the apparel factory owners said international buyers are yet to increase prices of Bangladeshi goods, which they earlier promised to do after the new garment wage comes into effect in December last year, a survey found.

The National Board of Revenue (NBR) has extended the tenure of licences for bonded warehouses to three years from two years to cut the time and cost for exporters.

Its profit decreased by 99.6% year-on-year to Tk 2 crore

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down rates gradually since the country can’t provide such subsidies once it becomes a developing nation. 

A survey conducted by BGMEA election’s opposition group Forum panel finds

The Tk 8.91 crore worth of plots are located inside Purbachal Probashi Palli project

Bangladesh’s power purchase from Adani Power contributed to the massive profit the Indian conglomerate made in the first nine months of the 2023-24 fiscal year.

The Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN), the biggest economic zone in Bangladesh, is set to be a gamechanger for the country’s trade as its strategic location offers easy access to domestic and international markets.

Imports of capital machinery edged up in the first six months of the fiscal year (FY) 2023-24, reversing the downturn that persisted for nearly one and half year as political uncertainty ebbs and exporters expect increased orders from western buyers.

The Bangladesh Bank is injecting fresh funds into the economy despite adopting a contractionary monetary policy, a contradictory move that may make it harder to tame stubborn inflation.

Textile millers yesterday demanded that the government re-fix gas prices at the previous rate as they have been unable to run their industrial units due to low pressure of gas despite the rates being doubled since February 2022.

Bangladesh has delivered decent economic growth relative to the rest of the globe braving the coronavirus pandemic, supply chain disruptions, successive wars and macroeconomic stress. However, labour market recovery since the pandemic has been anemic. There are lingering concerns about growth lacking the shine of good jobs.

Two private organisations in Bangladesh have taken the initiative to regularly compile a Purchasing Managers’ Index (PMI) and thereby help gauge the country’s economic situation.

While the world is moving towards renewable energy as it is much more environmentally-friendly than fossil fuel-based power plants and requires no additional fuel costs, Bangladesh is moving at a snail’s pace in this regard, said two researchers of BloombergNEF.

The use of such imagery seems to confirm rather than challenge traditional perceptions that Africa is underdeveloped and not capable of dealing with its own problems.

The company sold Tk 1,700 crore goods in 2023, declared 35% cash dividend