Bangladesh has been confronting a major economic crisis for several months.  

The cost of fuels for Plummy Fashions Ltd, the world's greenest knitwear factory located in Narayanganj, will go up by 25 per cent owing to Saturday’s more than 50 per cent hike in the price of petroleum products.

The government should continue giving subsidies to the agriculture sector to ensure food security and shun imports, economists said today.

Physical infrastructure needs to be built and the capacity and efficiency of the workforce should be enhanced to implement the Delta Plan the government has taken for economic growth and climate resilience, analysts said today.

Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.

In the weeks that followed Russia's invasion of Ukraine, western Europe's big economies began to falter. But further east it was still boom-time thanks to double-digit wage hikes and generous state handouts in some countries.

Eleven Bangladeshi and six Turkish companies have come together to establish the new Bangladesh-Türkiye Business Forum (BTBF) at a meeting hosted by the Turkish embassy in Dhaka.

Grameen Euglena, a joint venture between Japan’s Euglena Co Ltd and Bangladesh’s Grameen Krishi Foundation, has been processing moong dal collected from Patuakhali and exporting it to Japan since 2018.

The wage growth in Bangladesh declined to a seven-year low of 6.06 per cent in the last fiscal year, highlighting the struggle low-paid workers are facing owing to the higher cost of living, official figures showed.    

State-run mobile network operator Teletalk has yet again failed to pay fees to the Bangladesh Telecommunication Regulatory Commission (BTRC) for the spectrum it acquired in the latest auction. 

Businesses yesterday expressed concern over running production in industrial units because of ongoing power cuts, low pressure of gas in supply lines and high energy prices. 

Startups have huge potential to grow, so the stock market should allow them to raise funds although they face some challenges in making profits at the primary stage, State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said yesterday.

The Bangladesh Securities and Exchange Commission (BSEC) has slapped a far lighter punishment on controversial investor Abul Khayer Hiru compared to the gains he made from his manipulation, in a disturbing development that may set a bad example.

With evidence surfacing of a couple of insurance companies misusing funds of policyholders, the insurance regulator has directed them to refrain from borrowing from banks using life funds as collaterals. 

Banks in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value. 

In a time of elevated inflation, the interest rate is the handiest tool in the box to restore order. And yet, the new Bangladesh Bank Governor Abdur Rouf Talukder, in his maiden press conference yesterday, remained defiant that it would not be used.

As a partner bank, Premier Bank signed an agreement with SME Foundation to receive revolving funds under the Stimulus Package announced by the government for distribution among cottage, micro and small (CMS) entrepreneurs.

Potato growers and traders have urged cold storage owners to reduce rents and compensate in case of any damage to stored tuber.

Unilever Bangladesh and UNDP Bangladesh in partnership with Narayanganj City Corporation have run a sustainable plastic waste management project in the major cities of Bangladesh, focusing on the management of wastage that poses a complex set of challenges in an urban backdrop.

Late last year, I had the opportunity to attend a daylong workshop on IR 4.0 (The Fourth Industrial Revolution) where the speakers included a number of high-level government officials from multiple ministries and institutions.