Two state-owned jute mills that were leased to the private sector recently began production, creating many employment opportunities in the process, according to Golam Dastagir Gazi, the minister of textiles and jute.

Commerzbank and German bank AKA Ausfuhrkredit-Gesellschaft mbH have extended a term loan of €28.63 million to local dredging solutions provider Western Engineering through City Bank under the coverage of export credit agency Atradius Dutch State Business.

Gold prices jumped about 1 per cent to a more than one-month high on Monday as concerns over the economic fallout from the Russia-Ukraine war and surging inflation drove investors to the safe-haven asset.

Bangladesh’s use of foreign loans rose 57 per cent year-on-year to $6.8 billion in first nine months to March in the current fiscal year.

The Bangladesh Bank today imposed interest rate cap on non-bank financial institutions (NBFIs), asking them to mobilise deposit by offering a maximum of 7 per cent interest and give out loans at 11 per cent.

Around 54 per cent of the garment workers in Bangladesh were paid through mobile financial services in February and the rest through cash, a research finds.

The trading at the Dhaka Stock Exchange (DSE) slid today as there was a dearth of buyers and the selling pressure dragged down the index under the 6,500 points level.

The World Bank will give $500 million loan to Bangladesh for reforms in the revenue and financial sector and upliftment of the living standards of the poor.

Five environment-friendly brick manufacturers have been awarded with a total of Tk 2.87 crore as carbon revenue for using clean technology that reduces coal consumption by a half.

Turnover on the Dhaka Stock Exchange (DSE) fell to its lowest level in the last one year yesterday as shares declined amid persistent selling spree.

Generation Unlimited (GenU) launched in Bangladesh in February 2019 is a public-private-youth sector-driven multi-stakeholder initiative and partnerships platform with an ambitious goal of enabling 17 million opportunities for youth with quality education and training, employment, youth entrepreneurship and youth engagement in the country by 2025. GenU CEO Dr Kevin Frey shares the journey so far and what lies ahead.

People mainly from the ethnic community of Ramchandrapur village under Kaharol upazila of Dinajpur usually spend a portion of their day catching snails in Dhepa river, which once was a significant source for edible breeds of the shelled gastropod.

Bangladesh has devised a strategy for signing trade deals with major trading partners for retaining duty benefits past its United Nations status graduation from a least developed country (LDC) to a developing one in 2026, according to a government official.

Traffic congestion in Dhaka’s Tongi alone is causing financial losses of Tk 10 crore per day, including waste of fuel by idling vehicles, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

The government has set an ambitious economic growth target of 7.5 per cent for the next fiscal year although the country faces new headwinds owing to higher prices of commodities globally and is still recovering from the shocks of the coronavirus pandemic.

The government should prioritise job creation and inflation control in the budget for the next fiscal year in a bid to help the marginalised people survive amid higher prices of essentials, said the Citizen’s Platform for SDGs, Bangladesh, yesterday.

The Finance Division has recommended that the government avoid hard-term loans and discourage import of luxury goods to cope with macroeconomic pressures arising from the Russia-Ukraine war.

Bangladesh Telecommunication Company Limited (BTCL) yesterday launched its prepaid services that enable customers to avail telephone and internet services without prior deposits.

The telecom operators today wrote a letter to the telecom regular seeking steps to stop the further spread of the network interference devices such as repeaters, jammers and boosters, which cripple the networks to deliver quality services.

Bangladesh has devised strategies for signing of deals with major trading partners to retain duty benefits even after the country’s graduation to a developing country in 2026, Senior Commerce Secretary Tapan Kanti Ghosh said today.