Foodpanda here for the long term

Foodpanda and its parent company Delivery Hero maintain an unwavering commitment to the Bangladeshi market, driven by the immense growth opportunity it presents, said Zubair BA Siddiky, co-founder and managing director of Foodpanda Bangladesh
22 November 2023, 23:30 PM

Brickfields count losses of Tk 1,200cr for cyclone

Brickfields in Bangladesh have incurred losses of around Tk 1,200 crore as heavy rains amid cyclone Midhili on November 16-17 hindered production early this season
22 November 2023, 23:15 PM

Importers count losses as conflict in Myanmar halts trade

Importers expressed grave concerns as bilateral trade between Bangladesh and Myanmar through the Teknaf land port has halted since November 14 due to the ongoing conflict between the Arakan Army (AA) and Myanmar’s military junta in the Rakhine state.
22 November 2023, 23:00 PM

DHL to use electric vehicle in delivery fleet

DHL Express Bangladesh has announced plans to use electric vehicles in its delivery fleet in Bangladesh to reduce the environmental footprint of express parcel delivery services.
22 November 2023, 18:15 PM

Aamar Bond not IFIC’s

A real estate company has issued bonds by offering eye-popping returns to raise funds for a gigantic housing project in Gazipur, a normal development on the surface.
22 November 2023, 18:00 PM

Six private banks’ bad loans soar 55pc in nine months

Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM

Vaccine production: ADB approves $336.5m loan

The ADB yesterday approved a $336.5 million loan to establish domestic vaccine, therapeutics, and diagnostics manufacturing capacity in Bangladesh. It also aimed to strengthen the DGDA to ensure vaccine supply security, reads a press release.
22 November 2023, 18:00 PM

Bankers' decision to appreciate taka draws mixed reactions

Bankers today decided to appreciate the taka against the US dollar by Tk 0.50 from tomorrow as they observed an improvement in the overall current account balance, which records the nation's transactions with the rest of the world
22 November 2023, 17:23 PM

Banks to appreciate taka against US dollar

Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23
22 November 2023, 15:02 PM

Factories urged to implement minimum wage from Dec 1

BGMEA issues letters to the factory owners
22 November 2023, 14:19 PM
22 November 2023, 12:37 PM

Govt to import 60,000 tonnes of granular urea at Tk 251 crore

30,000 tonnes each will come from Qatar and Saudi Arabia
22 November 2023, 12:06 PM

Oil refiners concerned over new policy

The Ministry of Power, Energy and Mineral Resources issued a gazette notification on the "Establishment of Refineries at Private Level, Storage, Processing, Transportation and Marketing of Crude Oil Imported Policy-2023" on November 20.
22 November 2023, 00:00 AM

Blockades, strikes stifling flower market

As per data of the Department of Agricultural Extension (DAE) in Jhenaidah, flowers were cultivated on 254 hectares of land for the ongoing fiscal year.
21 November 2023, 23:00 PM

Disbursements of foreign loan fell 17%

Around $162.6 crore of foreign loans was disbursed in the July-October period of fiscal year 2023-24, according to data published by Economic Relations Division (ERD) recently.
21 November 2023, 18:15 PM

Int'l Leasing selling reptile farm to recover loan

International Leasing and Financial Services Ltd (ILFSL) is going to sell Reptiles Farm Ltd at Tk 38.20 crore to Uddipan, a non-government organisation, in order to recover its loan to the crocodile farm.
21 November 2023, 18:01 PM

Political crisis to significantly affect economy: PRI

The ongoing political crisis, foreign powers’ interest in the upcoming national election, and labour and human rights issues are deepening the economic uncertainty in the country, the Policy Research Institute (PRI) of Bangladesh said yesterday.
21 November 2023, 18:00 PM

Bad loans rise in private banks, but drop in state banks

Overall, banking sector's non-performing loans fall slightly
21 November 2023, 14:56 PM

Chinese investment sought in high value-added garments: BGMEA

BGMEA president is now visiting garment factories in China
21 November 2023, 14:23 PM

Market has unofficial inter-bank exchange rates now: PRI

The Policy Research Institute of Bangladesh says in a press briefing
21 November 2023, 11:50 AM