The Middle East is going to be a major export destination for Bangladesh’s garments as local apparel manufacturers are receiving a lot of queries from buyers in the region. 

The entry of mobile network operators Grameenphone and Robi Axiata, which was then Aktel, in 1997 was a watershed moment for Bangladesh as the country embraced Global System for Mobile Communications (GSM) technology, the second-generation digital cellular network used in mobile phones worldwide. 

The central bank has identified cases of money laundering as it unearthed trade under- and over-invoicing during a special audit. 

Bangladesh’s earnings from vegetable exports dipped to six-year low in the July-October period of the current fiscal year as high air-freight rates and increased prices eroded the competitiveness of fresh produce.

Opec on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further trimmed next year’s figure, citing mounting economic challenges including high inflation and rising interest rates.

The global economic outlook is even gloomier than projected last month, the International Monetary Fund said on Sunday, citing a steady worsening in purchasing manager surveys in recent months.

Stocks in Bangladesh continued to fall for a second consecutive day yesterday amid poor participation of investors. 

Bangladesh’s banks have Tk 169,586 crore excess liquidity and there is no liquidity crisis in the country’s banking sector, Bangladesh Bank said in an urgent notice today.

The Middle Eastern countries are going to be major garment export destinations for Bangladesh as the local apparel manufacturers are now receiving a lot of queries from the buyers of the region, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Bangladesh Bank today said cases of under and over-invoicing of imported and exported items came to its notice during specials audit.

The tax authority has requested the home, cultural affairs and other agencies to ensure payment of source tax from payment of honorarium and other expenses for Bollywood artist Nora Fatehi.

Stocks in Bangladesh continued to fall for the second consecutive day amid poor participation of investors today.

The Dhaka Stock Exchange (DSE) fell in the morning session today, extending the loss for the second consecutive day.

When I joined ANZ Grindlays Bank in the mid-eighties from a local bank, it was more to do with the social prestige the British legacy bank commanded in this part of the world. When I joined Standard Chartered in mid-1993, it was repositioning an erstwhile lousy bank. 

Abdul Karim, a private service-holder, has decided to prepare his tax return all by himself this year.    

Broad bean farmers in Kharnia village under Dumuria upazila of Khulna expect good profit from cultivating early varieties of the crop this year, given that the weather remains favourable.

Rising temperatures, shifting of orders from China, and changes in fashion have all made Bangladesh a major manufacturer of sweaters in recent years.

Sinobangla Industries had not secured exorbitant profits that could have supported a high jump in its share price.  

Users of a mobile financial service (MFS) provider can now transfer money to their counterparts registered with other operators and banks as interoperability among the financial service providers comes into a reality today.    

Cultivation of a microorganism alongside the under-construction Matarbari coal-fired thermal power plant can reduce its carbon dioxide emissions by 50 per cent while enabling production of biofuels, claimed the founder of a Japanese biotechnology company yesterday.