Asia’s industries, primarily manufacturing, fueled phenomenal economic growth and poverty reduction in recent decades. But today many countries are looking to the service sector as an alternative.

When a major festival like Eid knocks on the door, the memory of going to markets or shopping malls to buy new clothes and footwear items, eating sweets and receiving gift money from elderlies comes to mind.

The first nine months of the current fiscal year of 2022-23 saw the lowest implementation rate of the annual development programme (ADP) in at least the last 10 years, with only 41.65 per cent of the total outlay being spent till March, showed official figures.

IFIC Bank Ltd, one of the oldest banks in Bangladesh, is expanding its physical presence fast across the country in its bid to bring one in every four families under its network, said its top executive.

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out. Today, we are running the last report of a series and it focuses on the lessons for the businesses from the two unprecedented shocks.

Bangladesh’s import of capital machinery has continued its falling trend as banks have remained cautious in financing purchases amid the dollar crisis while entrepreneurs showed reluctance to expand owing to slowing domestic and export sales. 

Keeping the heatwave in mind, Padma Bank has upgraded its wallet (app) so that customers don’t have to rush to branches for banking services.

With Eid-ul-Fitr just around the corner, streets all over Bangladesh are bustling with people who are either out shopping for gifts or groceries as well as those travelling home for the holiday.

Asia Pacific General Insurance Co Ltd made a Tk 10.04 crore profit in the financial year that ended on December 31.

Golden Harvest InfoTech Limited has won the National Export Trophy as the second highest exporter in the information technology sector for the financial year 2019-20 in recognition of its contribution to export earnings.

Ambee Pharmaceuticals Ltd’s profit jumped 75 per cent year-on-year to Tk 16.80 lakh in the January-March quarter of the ongoing financial year.

Meghna Insurance Company Limited registered a 40 per cent year-on-year higher profit of Tk 5.28 crore in the financial year that ended on December 31.

Genex Infosys Limited said its board has approved an agreement with Whaleco Technology Limited, an Ireland-based technology company.

Turtle Venture Studio, Bangladesh’s first venture studio, has raised $1 million in its first round of funding, with Dekko ISHO Venture Capital (DIVC) as the lead investor.

Stocks in Bangladesh yesterday edged up for the fourth session in a row ahead of the upcoming Eid-ul-Fitr holiday while turnover dropped below the Tk 450-crore mark.

It counted a loss of Tk 3.48 crore in the same period previous year

Dekko ISHO Venture Capital will be its lead investor

Floods devastated north-eastern part of Bangladesh in May, June last year

Large language model artificial intelligence, such as ChatGPT, Bard and others, has great potential in the world of international development. But – at least for now – it also has serious limitations.

The prime index of the Dhaka Stock Exchange (DSE) rose slightly in the morning trade today.