Bangladesh and India have $16 billion trade potential if Dhaka improves the ease of doing business and connectivity, Indian High Commissioner Vikram K Doraiswami said today.

Bata Shoe Company (Bangladesh), one of the widely known footwear brands in the country, returned to profit in April-June period of the current year after incurring a massive loss in the same quarter last year.

The stock market continued falling for the last three consecutive days as cautious investors started taking profits when the benchmark index reached its historical highest level.

Fish production rose 3 per cent year-on-year to 45 lakh tonnes in fiscal 2019-20, thanks to increased aquaculture, according to the Ministry of Fisheries and Livestock.

The development of the local market and supply chain ecosystem is very essential for facing challenges once Bangladesh makes the United Nations status graduation from a least developed to a developed country, stakeholders told a dialogue yesterday.

Standard Chartered Bangladesh has recently inked an agreement with LankaBangla Securities to provide an end-to-end solution automating the latter’s collections from investors and subsequent reconciliation process. 

On June 11 earlier this year, the German Parliament, the Bundestag, passed a law called “Act on Corporate Due Diligence in Supply Chains”. This law obliges business organisations to fulfil their due diligence obligations in their supply chains with regard to respecting internationally recognised human rights and certain environmental standards.

Bangladesh Bank has further extended the period during which its relaxed loan classification policy would stay in effect, given the ongoing business slowdown brought on by the coronavirus pandemic.

All industries and their respective regulatory bodies are responsible for ensuring consumer protection as well as deepening financial inclusion, according to speakers at a webinar.

August was a record-breaking month for the Dhaka Stock Exchange (DSE) as all major market indexes and measures, including market capitalisation, reached historical highs.

With the government implementing some Tk 1,28,000 crore-worth of stimulus packages to rescue firms from Covid-19-induced losses, complaints have begun to surface of bribes being demanded by employees of banks and various public agencies tasked with disbursing the funds.

Smart Agro-Technology Innovation Youth Network (SAIYN), a platform to create awareness on knowledge-based farm machinery, was launched on August 26.

The development of the local market and supply chain ecosystem is very essential to face the post-LDC challenges, stakeholders said at a dialogue yesterday.

Businesses are more confident about recovery in the current July-September 2021 period than the previous quarter owing to the relaxation of countrywide lockdown, according to the Business Confidence Survey of the South Asian Network for Economic Model (Sanem).

A vessel owned by Bangladesh Shipping Corporation (BSC) got port clearance for departure today after remaining under detention for four days at Port of Bremen in Germany on allegation of having 27 deficiencies.

Jamuna Group has not finalised its decision to invest in Evaly yet, said two top officials of the Jamuna group.

Asian Development Bank (ADB) today approved a $1.78 billion multitranche financing facility (MFF) to improve mobility, road safety, and regional trade along Dhaka-Sylhet trade corridor in Bangladesh.

Evaly has nearly Tk 311 crore liabilities to more than two lakh customers, according to the submission of the beleaguered e-commerce platform to the commerce ministry yesterday.

Import-related irregularities have gone down significantly after the National Board of Revenue (NBR) doubled the minimum penalty for evading duties, helping the government earn more in taxes.

After buying a record amount of US dollars last year, Bangladesh Bank has begun selling the American greenback following a decline in remittance and an increase in imports.