Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).

Pran-RFL Group, a leading food processor and conglomerate in Bangladesh, plans to produce flour, refined flour and semolina for consumers in their factories by March next year.

Deposits in the special accounts of farmers, hardcore poor and in their social safety net accounts dropped in October amidst high inflationary pressure in Bangladesh.

Bangladesh’s economy has been passing through a challenging time for the past two years amidst growing pressure on foreign exchange reserves, the sharp depreciation of the taka and an elevated level of inflation

Hundreds of RMG workers took to the streets yesterday, protesting the announcement of Crony Tex Sweater Ltd to lay-off workers of the sweater division due to a decline in work orders from foreign buyers.

More than 60 years ago, an adolescent Fazlur Rahman got an unexpected start to his journey in business.

Importers and exporters in Bangladesh started to feel the pinch of the transit disruption through the Red Sea route as major shipping lines announced, and in some cases even began implementing, additional surcharges to cover costs for re-routing their vessels around Africa’s Cape of Good Hope following attacks by the Yemen-based Houthi militant group on the Indian Ocean.

BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis. 

Fazlur Rahman, chairman and managing director of City Group, one of the leading commodity importers and processors, is no more.  

The devaluation of the taka has squeezed the import capacity of industries, particularly essential commodity importers and exporters

Sales of geysers have increased this year thanks to the changing lifestyle of people living in urban and rural areas of Bangladesh

The pass-through of a sharp depreciation of the local currency accounted for half of the inflation surge seen in Bangladesh in the last financial year, according to the International Monetary Fund (IMF)

Bangladesh signed an agreement with Japan yesterday to avail a loan of $540 million for the under-construction third terminal of Hazrat Shahjalal International Airport, a cargo terminal and associated facilities.

Construction costs in Bangladesh dropped for a third straight month in November, driven by a fall in prices of building materials, showed official figures

The Insurance Development and Regulatory Authority (IDRA) has ordered four life insurance companies to not spend any amount from their income through premiums, investments and life funds unless they settle claims of policyholders by the end of December

Pacific Denimwear Ltd, a unit of Pacific Jeans Group, plans to invest $54.5 million to establish a garment factory in the Adamjee Export Processing Zone (EPZ).

Bangladesh has signed a $540 million loan agreement with Japan for the third terminal of Hazrat Shahjalal International Airport, a cargo terminal, and associated facilities.

Introducing solar irrigation pump (SIP) systems will gradually enable Bangladesh to cut consumption of diesel fuel by 10 lakh tonnes annually

The income inequality between the rich and the poor has surged to a level that the country is witnessing two economic systems, which go against the spirit of the Liberation War, said the CPD

The government’s decision to raise salaries of all public sector workers by 100 percent in 2015 had inadvertently pushed many least skilled private sector workers below the poverty line temporarily, said a study