The careless use of AI could pose risks to the security and confidentiality of official information, the cabinet says

However, in June alone, the volume rose 6.53 percent

Experiences from India, China, Singapore, Malaysia and Vietnam show that regulated outbound investment can strengthen the domestic economy

The following is a recap of those major stories as covered by Star Business

Saudi Arabia has opened the high-demand Bangladesh-Saudi air route wider under a new bilateral deal, giving Bangladeshi airlines more room to expand. But how much of that opportunity they can use will depend on whether they have enough aircraft.

City Group, one of Bangladesh’s leading commodity importers and processors, plans to raise up to Tk 1,500 crore from the capital market to broaden its funding base and reduce its reliance on bank loans.

Bangladesh and the Asian Development Bank (ADB) have identified an annual investment pipeline of more than $1 billion to implement the Integrated Growth Network Development (IGND) economic corridor plan.

Construction of the long-awaited Laldia Container Terminal at Chattogram port is set to move forward, with the government scheduled to lay the foundation stone for the $550 million project on August 30, in partnership with Denmark.

ShopUp’s parent platform SILQ has secured $100 million in financing for its embedded finance unit Fina to expand access to funding for merchants in Saudi Arabia.

The Bangladesh Yarn, Fabrics & Accessories Show began yesterday in Dhaka, bringing together international suppliers of yarn, fabrics, garment accessories and textile chemicals.

Every now and then, Bangladesh produces a rare policy miracle: an authority listens before the public loses its voice. Bangladesh Bank’s latest Bangla QR circulars deserve appreciation for correcting the course.

Weak demand amid slower construction activity, excess production capacity, rising production costs and cheaper imports are putting growing pressure on the country’s float glass manufacturers, squeezing their profit margins.

Bangladesh has sought Australia’s support for joining the Regional Comprehensive Economic Partnership (RCEP) to secure preferential market access after graduating from the least developed country (LDC) category.

The Bangladesh Bank (BB) yesterday introduced provisions for digital trade documents and alternative finance mechanisms, such as factoring to reduce the economy’s reliance on traditional paper-based Letters of Credit (LCs).

The government’s debt is growing faster than its revenue base, widening the gap between accumulated debt and the state’s annual resource mobilisation capacity, according to Bangladesh Bank’s latest report.

The government is tightening its watch on aromatic rice exports as domestic prices rise sharply, asking exporters to report their actual shipments so that unused quotas can be reviewed.

Delegation welcomes current reform efforts

The three-day exhibition, SOURCING, was held from August 10 to 12

Commerce Secretary Md Ataur Rahman Khan is now leading a delegation on a tour to Australia and New Zealand to find out opportunities to increase bilateral trade

Commerce Secretary Md Ataur Rahman Khan made the call at a meeting in Australia’s Canberra today with Ravi Kewalram, first assistant secretary of the Australian Department of Foreign Affairs and Trade, and Sarah Storey, first assistant secretary of the South and Central Asia Division