Walton Hi-tech Industries saw its profits double in the recently concluded fiscal 2020-21, riding on higher sales of air conditioners and refrigerators past an earnings decline for the pandemic.

The Asia Garment Hub, a one-stop digital knowledge platform, was launched today to help industry stakeholders understand, promote and operationalise decent work and sustainable business practices across the supply chain.

A legal consultant will be hired for assisting the import of liquefied natural gas (LNG) by Petrobangla under the Department of Energy and Mineral Resources.

The government has decided to publish the data for the gross domestic product (GDP) on a quarterly basis, a senior official said yesterday.

The dispute between garment and spinners over the prices of yarn could be resolved amicably after both sides softened their stances, in relief for Bangladesh’s apparel industry rebounding from the pandemic-induced shipment collapse.

Car importers and retailers in Bangladesh are in a tight spot as they are finding it difficult to keep businesses running because of the plunge in sales caused by the second wave of coronavirus infections.

Vegetable farmers in Khulna are being unable to secure fair prices for their produce as the ongoing coronavirus crisis has disrupted the supply of these crops to different parts of the country, including Dhaka.

Local traders have started importing green chilli from India after the commerce ministry granted permission in this regard in a bid to bring down the skyrocketing prices of the widely used spice in Bangladesh.

The government is going to set up the country’s biggest solar power plant in Madarganj upazila of Jamalpur, in a move to raise the share of renewable energy in total power generation to 10 per cent by 2025.

Private investment in Bangladesh fell to its lowest level in 14 years in the last fiscal year owing to the lingering uncertainty caused by the coronavirus pandemic and continuing structural weaknesses.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday urged global apparel buyers to nominate more shipping lines and private off-docks to help ensure timely shipment of export containers.

Global tech giant Google has paid Tk 2.30 crore as value added tax (VAT) directly to the National Board of Revenue.

The Bangladesh Association of Amusement Parks and Attractions (Baapa) has urged the government to allow opening amusement parks all over the country in tune with other businesses once the ongoing lockdown ends on August 10.

The economy grew 3.51 per cent in the fiscal year 2019-20, the slowest pace of expansion in three decades, as the pandemic wreaked havoc across the country, according to the final figure of state-run Bangladesh Bureau of Statistics (BBS).

Steelmakers must take urgent action to produce less carbon in order to meet the Paris Agreement on climate change, investors with $ 55 trillion in assets said Wednesday.

A weeklong roadshow styled “The rise of Bengal tiger: potential of trade and investment in Bangladesh” was organised in the USA in a bid to promote Bangladesh’s economy and the capital market.

Bangladesh needs to have the appropriate policy for intellectual property (IP) protection, the legal framework of which is still incomplete, to encourage innovation and attract foreign investment, experts said yesterday.

Another privately built jetty has come to the aid of the Chattogram port as it allowed the country’s largest seaport to use the facility to berth bulk vessels carrying heavy items.

A recent unusual price hike of the Beacon Pharmaceuticals stock prompted the company to inform investors on July 28 that it had no undisclosed information that could have instigated the rise.

The Bangladesh Bank should raise the cash reserve ratio to mop up excess liquidity from the banking system, said the Centre for Policy Dialogue yesterday as it put forward a set of proposals for the effective implementation of the monetary policy.