The government has extended its contracts with Summit Group’s three gas-based power plants for the purchase of electricity in the next five years.

Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.

It becomes the first plant in Araihazar economic zone

The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina

Song Shin Leather (BD) Ltd, a Chinese company, will invest $6 million to set up a leather processing factory at the Cumilla Export Processing Zone

The government has urged industry owners to pay workers' salaries and festival bonuses before the start of the Eid-ul-Fitr holidays.

Esquire Knit Composite PLC's board has approved an investment of Tk 5 crore in its subsidiary L'Esquire Ltd.

Dhaka stocks dipped in the morning trading today, marking the third consecutive day of decline due to selling pressure. 

Speaking about Bangladesh, the ILO said its governing body took note of the report on the progress made with the implementation of the roadmap of actions and was mindful of its 2021-26 timeline for the labour sector reform as well as of the results yet to be achieved.

Traders opened LCs worth $247.26 million in July-January of the current fiscal year of 2023-24, up 25.81 percent year-on-year, central bank data showed.

The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.

Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week.

A provision in the Income Tax Act 2023 created the discrimination

The move is likely to be fine-tuned to when the first major ones are launched

The ITFC, part of Saudi Arabia's Islamic Development Bank, said the financing was aimed at developing Bangladesh's energy infrastructure

Previously only Shariah-based banks were allowed to avail the IBLF against Bangladesh Government Investment Sukuk (BGIS) bonds as securities.

The dependency ratio of the people who are over 65-plus years rose to 9.4 percent in 2023 from 8.6 percent in 2022.

Although the foreign sale pressure was not huge, the buying interest from institutional investors was insignificant either. As a result, the indices dropped.

A total of 12 NBFIs in Bangladesh are running without an MD or CEO and a majority of them have had their top post vacant for more than three months in a clear breach of laws.

According to industry people, the dollar crisis in the country is gradually easing and the global supply chain is getting smoother, positively impacting the pharmaceuticals sector.