Shwapno, the leading retail chain brand in Bangladesh, started making operating profit, but its loss accumulated to Tk 1,661 crore over the past 15 years largely due to mammoth loans that are pushing up finance costs every year.

Ratna Akhter, a 15-year-old student of grade nine, previously used kerosene lamps when studying at home in Ghughumari, a remote char in northern Bangladesh with about 2,300 inhabitants.

Despite developing economic zones and adopting one-stop services to attract foreign direct investment (FDI), Bangladesh has failed to get as much as it targeted. Not only global economic giants like India, even small economies in the South Asian region such as the Maldives and Sri Lanka are ahead of Bangladesh in terms of FDI attraction.

It made Tk 24.83 crore in Oct-Dec of FY24, Tk 18.07 in the same period FY23

Govt guidelines issued for ships using the route

Shasha Denims, a leading denim manufacturer and exporter, recorded a 15 percent year-on-year decrease in profit for the second quarter of the financial year 2023-24

The lending rate of bank loans has gone past 12 percent on the back of the rising benchmark interest rate, sending the cost of funds for borrowers higher, as the central bank’s contractionary monetary policy appears to have taken hold.

House rent in Bangladesh rose by an average of 5.89 percent in the October-December period of the current fiscal year (FY), placing an additional burden on many lower and middle-income households, according to the Bangladesh Bureau of Statistics (BBS).

Bangladesh’s largest drug producer, Square Pharmaceuticals, saw increased sales from its Kenya project in the second quarter of fiscal year (FY) 2023-24.

International textile and garment machinery sellers are optimistic about a rebound in their business in Bangladesh this year as the global clothing supply chain is recovering from the sluggish trend.

Bangladesh’s foreign currency reserves have slipped below $20 billion again as remittance and export receipts did not pick up to the desired level.

At a multinational company, a new group CEO with a bureaucratic background, who had little knowledge of the industry, was appointed. From his high seat, the big boss decided to cover up his lack of knowledge by flexing his powers.

Alongside raising food safety awareness, the government must play a strong role to ensure better management in terms of street food safety by preparing a proper database on such businesses, speakers said yesterday.

Migrant workers sent home $2.1 billion in January

FY25’s interim budget is 6% higher than the previous year

Confidence Cement plans to suspend the production of ready-mix concrete due to a disruption in importing raw materials

Exporters have expressed disappointment about the government’s sudden cut in cash incentives on the shipment of garments and other export-oriented products

As part of major plans to expand its routes, Novoair, one of the leading private airlines of the country, is going to spread its wing to six international destinations by June.

Only a slight rise in the policy rate, which is the rate at which the central bank lends money to commercial banks, may not tame inflationary pressure in Bangladesh as there are many reasons for elevated price levels, economists said yesterday.

The Bangladesh Bank (BB) is going to bring reforms to the banking sector after getting the go-ahead from the new government, and the banking regulator asked senior executives to prepare for those reforms at a meeting yesterday.