Cement makers slash output as political tension flares up

Cement makers in Bangladesh have reduced production as political tension slowed sales amid a slowdown in construction projects
20 December 2023, 00:10 AM

Luxury hotels log higher revenue: half of it comes from food, beverage

Food and beverages are major sources of revenue for most of the luxury hotels in Bangladesh compared to their earnings from renting out rooms
20 December 2023, 00:00 AM

Bangladesh falls behind peers in receiving non-resident deposits

Bangladesh is lacking among four South Asian countries to attract deposits and investments from Bangladeshi migrants, according to a World Bank report
19 December 2023, 18:15 PM

Ctg-based lighter vessel owners announce split from Water Transport Cell

They will operate separately under the Inland Vessel Owners Association of Chattogram
19 December 2023, 16:57 PM

ADB cuts Bangladesh's GDP growth forecast to 6.2%

The Asian Development Bank (ADB) has revised downward the growth forecast for Bangladesh’s economy to 6.2 percent for the current fiscal year ending in June 2024..“This is due to moderate growth in exports and manufacturing amid an economic slowdown in major export markets, power and energy
19 December 2023, 15:19 PM

Indo-Bangla meetings of shipping secretaries begin

The event is going on at Intercontinental Hotel in Dhaka
19 December 2023, 15:13 PM

Central bank says it has nothing to do with Bangladesh Bank Sangbad magazine

The use of the BB monogram by the magazine had created confusion among the financial institutions
19 December 2023, 12:11 PM

Bangladesh’s remittance expected to reach $23 billion in 2023: World Bank

The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
19 December 2023, 08:14 AM

Rooftop solar power promises $1b savings a year

A 2,000-megawatt new rooftop solar capacity could help Bangladesh save between $476 million and $1 billion annually, according to a study IEEFA
19 December 2023, 00:10 AM

Basic needs taking up majority of remittance spent

Beneficiaries of remittance in Bangladesh spend a majority of the funds received on meeting basic needs, according to a study by BBS
19 December 2023, 00:00 AM

3,388 women tenderers have so far registered for e-GP

Bangladesh Public Procurement Authority CEO shared the data
18 December 2023, 19:02 PM

July-Nov ADP spending lowest in 8 years

Around 17.06 percent of the government’s annual development programme (ADP) for the current fiscal year of 2023-24wasimplemented in the first five months, the lowest in the past eight years.
18 December 2023, 18:30 PM

Address LC concerns before Ramadan

The government should immediately form a separate fund for importers of essential goods so that they do not face any trouble in opening LCs
18 December 2023, 18:05 PM

Household income doubles in 6 years, so does spending

The monthly household average income in Bangladesh more than doubled to Tk 32,422 last year from six years ago, data from HIES 2022 showed
18 December 2023, 18:00 PM

Gold price rises again in local market

Jewellers in Bangladesh yesterday decided to increase the price of gold by Tk 1,167 per bhori (11.664 grames), according to the Bangladesh Jeweller’s Association (Bajus).
18 December 2023, 18:00 PM

14 banks face record capital shortfall

Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance. 
18 December 2023, 18:00 PM

Corrective financial measures needed to boost economy: DCCI president

The economy is facing certain challenges pertaining to inflation and it is of utmost importance to tame inflation at whatever costs necessary, especially food inflation
18 December 2023, 13:01 PM

Sugar price will remain stable: commerce minister

Sugar price may reduce if US dollar rates fall, he says
18 December 2023, 12:24 PM

IMF charts ways to discipline money market, boost revenue

IMF has set six new benchmark conditions for Bangladesh to restore discipline in the money market and boost revenue generation.
18 December 2023, 00:10 AM

Leather sector wasting opportunities

The leather sector cannot ensure value addition of over 65 percent whereas there is potential to reach 90 percent
18 December 2023, 00:00 AM