RMG shipping cost climbs for Red Sea diversion

International clothing retailers and brands are still choosing seaways, instead of air, to carry goods from Bangladesh to Europe although the rerouting of ships away from the Red Sea has increased the freight charge by more than 30 percent and added 15 days to the sailing time.
28 January 2024, 00:14 AM

Capital market – looking forward

In 2023, Bangladesh's capital market faced a challenging environment characterised by internal constraints and external difficulties. It proved to be a tumultuous year for the stock business marked by unprecedented lows in average turnover and foreign investments, not seen since the collapse in 2010.
28 January 2024, 00:00 AM

Dispute over lighter vessel allocation rages on

A section of lighter vessel operators and cargo agents in Bangladesh are not accepting the interim solution for allocating ships to transport import cargo from Chattogram port via inland waterways, citing preferential treatment in the selection process.
27 January 2024, 18:00 PM

Marico’s sales drop, but profit rises 13%

The company's sales dropped 6% in Oct-Dec period, but profit rose by Tk 12.57 crore
27 January 2024, 13:30 PM

UAE identifying investment potential in Bangladesh: Dubai Chamber CEO

FBCCI president meets his counterpart in Dubai Chamber of Commerce in Dubai
27 January 2024, 10:34 AM

USAID striving to be a good partner of Bangladesh

The US Agency for International Development (USAID) is striving to be a good development partner to Bangladesh in its journey towards an advanced economy.
26 January 2024, 02:15 AM

Chinese yuan included in RTGS

BB has included the Chinese yuan in the RTGS system, allowing automated clearing in the currency.
26 January 2024, 01:57 AM

Teletalk was born 19 years ago. It turned a profit only for two years

Despite starting off with a strong momentum and goodwill, Teletalk failed to become consistently profitable
26 January 2024, 00:57 AM

Tax receipts rise but fall short of target by Tk 23,200cr

Tax collection soared nearly 14 percent in the first half of the fiscal year (FY) 2023-24
26 January 2024, 00:57 AM

Transforming data into digital experiences

In an amusing incident highlighting the generation gap in technology use, a grandmother new to internet was being taught how to use search engines by her grandson. Believing in the importance of politeness, she wrote a stack of thank you notes for internet, grateful for its answers to her questions.
25 January 2024, 18:33 PM

Connectivity, loan facilities needed for Rajshahi’s business growth: chamber leaders

Leaders of the Rajshahi Chamber of Commerce and Industry (RCCI) today emphasised enhancing the connectivity between Rajshahi and other parts of Bangladesh in order to boost business and trade activities in the north-western region.
25 January 2024, 16:25 PM

RMG can gain additional $489m from global online business: study

Bangladesh can gain additional garment business worth $489 million by 2027 from virtual markets in the US, EU and Africa
25 January 2024, 15:35 PM

Stocks tumble to 17-month low as real value emerges

The key index for measuring the overall performance of share prices in the stock market of Bangladesh slipped to a 17-month low today, marking two days of consistent decline, while turnover also fell.
25 January 2024, 15:20 PM

NBR mulls duty waiver on essential imports

NBR may consider waiving the duty on imported products as recommended by the commerce ministry ahead of the month of Ramadan
25 January 2024, 10:27 AM

Bangladesh will buy 10 Airbus planes when economy permits: FM

Bangladesh will buy 10 planes of the European company Airbus when the country's economy permits, said Foreign Minister Hasan Mahmud today
25 January 2024, 10:04 AM

Berger Bangladesh to raise Tk 375 crore through rights shares to build factory

Berger plans to raise Tk 375 crore through rights shares to finance its third factory construction
25 January 2024, 06:14 AM

Bangladesh plans more licences for digital banks in push to go cashless

BB plans to offer more permissions for digital banks in order to pave the way for full-fledged financial services based on a 100 percent branchless banking system
25 January 2024, 01:00 AM

JMI, Apollo partner to open clinic in Dhaka

JMI Hospital Requisite Manufacturing Ltd, a leading producer of medical apparatuses in Bangladesh, has partnered with India’s Apollo Health and Lifestyle Ltd to launch a multi-specially clinic in the country.
24 January 2024, 20:30 PM

Digital banks aim to create space for all

It took decades for Bangladesh to bring around 10 percent of the adult population under the banking system before the mobile financial service (MFS) accelerated the pace in the past decade.
24 January 2024, 20:00 PM

Reducing inflation significantly will be difficult

It will be difficult to significantly reduce inflation this year as further currency devaluation and rationalisation of subsidies are necessary, said Atiur Rahman, a former governor of Bangladesh Bank, yesterday.
24 January 2024, 18:30 PM