Beximco Ltd has raised 32.5 million euros from Dutch financial institution ING Bank in order to expand its knit fabric facility, said a press release today.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today urged the government to provide industrial units with adequate gas for uninterrupted production.

The garment makers today said they would manufacture half of the apparel products by using recyclable materials by 2030.

Trading of government securities will start on the stock exchanges from Monday in a bid to ease general investors’ participation in treasury bonds and bills.

The World Bank today slashed growth forecast for Bangladesh by 0.6 percentage points to 6.1 per cent for the current fiscal year ending in June 30, 2023, impacted by global economic slowdown and the war in Ukraine.

Evaly’s cofounder Shamima Nasrin today said the biggest mistake the company made was developing the business with the customers and merchants’ money instead of raising fund from outside.

Bangladeshi industries which follow environmental, social and corporate governance in their fields have huge potential in attracting foreign investment, analysts said today.

The world must cut greenhouse gas emissions by at least a quarter before the end of this decade to achieve carbon neutrality by 2050. Progress needed toward such a major shift will inevitably impose short-term economic costs, though these are dwarfed by the innumerable long-term benefits of slowing climate change.

The Chittagong Stock Exchange (CSE) continued to rise for the second consecutive day today.

The Dhaka Stock Exchange (DSE) rose for the second consecutive trading session today.

Inflation in some economies is rising at the fastest pace in four decades, while tight labour markets have boosted pay gains. That has raised concerns that these conditions could become self-reinforcing and lead to a wage-price spiral—a prolonged loop in which inflation leads to higher wage growth, fueling even higher inflation.

Like always, investors and experts apprehend that there will be challenges in implementing the new industrial policy to achieve maximum benefits due to a lack of ownership and coordination among line ministries and various stakeholders.

Custom House Chattogram has auctioned off 78 luxury cars whose brands included that of BMW, Land Rover, Mitsubishi, Mercedes and Lexus and which attracted individual bids of a maximum of Tk 2.5 lakh to Tk 50.5 lakh. 

Refiners in Bangladesh have cut the price of soybean oil and the new rates have started to take effect in the kitchen markets of Dhaka.

Bangladesh’s entire business sector, particularly the producers focused on the domestic market, is facing troubles due to an unprecedented hike in the US dollar price as their cost of production has witnessed a sharp spike. 

Local garment manufacturers are pumping money to expand their capacity to produce technical garment items such as activewear and workwear since their demand is rising in the western markets. 

Bengal Commercial Bank and Babuland recently signed a memorandum of understanding (MoU) on a discount offer for its customers.  

Mezban, a social festival of the southeast division of Chattogram, is appealing not only to residents of the region, but also to people from other parts of the country.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently demanded that the government reduce the price of diesel as the cost of doing business has increased substantially in the face of a hike in fuel oil rates and continued load-shedding.

Bangladeshi consumers are paying the highest ever prices to buy wheat flour as supply and private stocks of the grain slumped in the domestic market in the wake of a dip in imports since the beginning of the Russia-Ukraine war.