Pran-RFL Group, a leading food processor and conglomerate in Bangladesh focusing on household products, is going to invest Tk 680 crore in the next one year to expand the capacity of its Habiganj Industrial Park and meet growing demand of consumers.

Operators of foreign container feeder vessels have allegedly been facing hassles obtaining waiver certificates, which are mandatory for loading cargo to and from Bangladesh.

They sent separate letters to the central bank

Wheat imports grew four times in the first quarter of this fiscal year as businesses showed an interest in tapping into reduced international prices of the second most-consumed grain in Bangladesh.

Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.

House rent in different parts of Bangladesh rose by 5.93 percent in the April-June period of fiscal 2022-23, placing an additional burden on many lower and middle-income households, according to the Bangladesh Bureau of Statistics

Income inequality has widened to such an extent in Bangladesh that now it has become one country with two societies – one a low-income group and the other a high-income one, said a noted economist yesterday.

Garment exporters yesterday urged the revenue authority to provide faster and hassle-free services so they can remain competitive in the global apparel market, according to a press statement by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Says Debapriya Bhattacharya

A bhori of 22-carat gold will cost Tk 99,377 from October 12

His tenure ended last week

Bangladesh’s earnings from spice exports increased 25 percent year-on-year in the first three months of fiscal 2023-24 due to demand from expatriates of Bangladesh and other Asian countries.

The government will today launch a Tk 7,000 crore project to boost the commercialisation of farming and accelerate agricultural exports by facilitating the expansion of safe food production.

With the high rate of non-performing loans (NPLs) being a major challenge for the banking sector, just 25 of the 61 commercial banks in Bangladesh are managing to keep their NPL rates below 5 percent.

Malek Spinning Mills Ltd has approved an investment of around Tk 157 crore by its subsidiary, JM Fabrics Limited (JMFL), to set up facilities, including one for yarn texturising and covering.

Best Holdings Limited, the owning company of Le Méridien Dhaka, Best Hotels Limited, and Dhamshur Economic Zone, has got the approval to raise Tk 350 crore by issuing ordinary shares through an initial public offering (IPO).

In inspections to identify potentials of companies which have been performing poorly over the years, Dhaka Stock Exchange (DSE) last month found factories of five listed entities closed.

Eighteen private commercial banks yesterday signed a deal with the Bangladesh Bank (BB) to avail funds from the central bank’s long-term financing facility (BB-LTFF) for export-oriented manufacturing companies.

Multilateral development finance institution Islamic Development Bank (IDB) has withdrawn the directorship of its representative from the board of directors of Islami Bank Bangladesh PLC

Multilateral development finance institution Islamic Development Bank (IDB) has withdrawn the directorship of its representative from the board of directors of Islami Bank Bangladesh PLC.