With investment stagnating at a dismal level and foreign direct investment hovering around $2.5 billion annually, the government is going to hold a summit in a bid to attract foreign investors and break the current stalemate.

Bangladesh Investment Development Authority (BIDA) is going to organise a two-day investment summit from November 28 to focus on the development of the investment environment in the country.

Local  apparel makers have sought fair prices from their US buyers and urged  the US government to cut tariffs on garment items sourced from  Bangladesh.

Several hundred trucks have been waiting outside the Banglabandha land port for the past 12 days for space to be made available for exports to be offloaded on the Indian side.

The National Board of Revenue has requested the Bangladesh Bank to order banks to refrain from opening back-to-back letters of credit for factories that do not have bonded warehouse licences.

The garment makers have urged the US buyers for fair prices and reduction in tariff for apparel products from Bangladesh.

Over 72 per cent of youths out of the 86 per cent who have smartphones have access to the internet.

The Insurance Development and Regulatory Authority (IDRA) has taken up an initiative to make all industries and factories adopt group insurance, made mandatory in the Bangladesh labour law, against the backdrop of recent tragedies in the industrial sector.

Industries Minister Nurul Majid Mahmud Humayun has called upon the Russian entrepreneurs to invest in different sectors, including fertilizer, cement, leather and shipbuilding industries, in the country.

Workshops in Syria’s Aleppo used to clatter on into the night before the war, but these days the machines grind to a halt at 6:00 pm sharp because of power cuts.

Jute growers are overjoyed as they took home good crops, which will allow them to make more profit because of the current higher prices of the golden fibre.

Small jute mills of Rangpur division in the country’s northwest have resumed production after remaining shut for several months as raw jute prices soared after last year’s harvests and for the pandemic-induced business losses.

After a prolonged lockdown, business of star-rated hotels has slightly improved amid the pandemic as business travel and flight operations have resumed, according to industry insiders.

China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts. 

Structural reforms are needed to ensure quick and easy loan disbursements for the cottage and micro industry and small and medium enterprises (SME), according to speakers at a webinar yesterday.

Structural reforms are needed for easy loan disbursement for the Cottage, Micro, Small and Medium Enterprises (CMSMEs), speakers said at a webinar today.

The flow of work orders to the garment industry is rebounding strongly on the back of the reopening of stores of retailers and brands in Europe and the US, the two main export destinations for the apparel manufacturers in Bangladesh.

The spinning industry in Bangladesh is witnessing massive investment as local entrepreneurs are either expanding their production capacities or setting up new units as the demand for garment raw materials is rising.

The small and medium enterprises (SMEs) can now raise up to Tk 30 crore from the capital market.

The SME Foundation will disburse 30 per cent of the Tk 200-crore incentive package to the small and medium entrepreneurs run by women to recoup the losses of Covid-induced fallout.