Business

In order to help the affected firms and restore normalcy in business activities, Bangladesh Bank has further eased its policy regarding the renewal and restructuring of large defaulted loans. According to the new policy, companies or groups holding defaulted loans above Tk 1,000 crore can apply for special facility of renewal considering their special relation with the bank. These can ...

The BNP government has set a target to raise the number of green-certified ship recycling yards in the country to at least 100 from 31, Industries and Commerce Minister Khandakar Abdul Muktadir said on Monday. He noted that currently several more shipbreaking yards are undergoing green certification. Muktadir made the remarks as chief guest at a workshop jointly organised by ...

Finance Minister Amir Khosru Mahmud Chowdhury on Sunday said Denmark-based APM Terminals’ investment in Laldia Container Terminal will take Chattogram a step closer to becoming a technology-driven logistics hub. “Our elected government is business- and investment-friendly and has an ambitious economic programme. However, we are trying to gradually strengthen our economic structure through proper planning,” he said while inaugurating the ...

Bangladesh’s food and beverage industry came together at MAGGI Presents Food & Beverage Marketing Fest 6.0, powered by Bakeman’s & Pusti in association with Mojo & FOODI, brought to you by KONKA, bringing senior business leaders, marketers and industry practitioners onto one platform to discuss the changes shaping the market. Organised by Brand Practitioners Bangladesh, the sixth edition of the ...

The price of gold jewelry has fallen in the country’s market. The price of 22-carat, gold jewelry has been reduced by Tk 7,115 per bhori (11.664 grams). As a result, the price of one bhori of high-quality gold jewelry, including VAT, has been set at Tk 240,628. The price was reduced following a decline in the price of refined gold ...

UK petrol prices have hit their highest level since 2022, piling more financial pressure on motorists before the bank holiday weekend. The average cost of petrol has reached 161.6p a litre, while diesel costs an average of 183.4p a litre, according to the AA breakdown company. The last time the petrol price was so high was in November 2022, when ...

Amid the ongoing electricity and gas crisis in the country, demand for diesel has increased significantly. The use of diesel-powered generators, particularly in industrial facilities and private establishments, has risen sharply. However, the Bangladesh Petrol Pump Owners Association has alleged that a “silent shortage” of diesel is emerging in different regions because supply remains limited compared with demand. The organization’s ...

The world economy is projected to exceed USD$150 trillion by 2030, with significant growth coming from emerging markets in Asia. A report by Visual Capitalist based on forecasts from the International Monetary Fund’s World Economic Outlook showed countries’ projected nominal gross domestic product (GDP) in 2030. The three largest national economies in 2030 are projected to be the same as ...

Mercantile Bank PLC (MBPLC) signed a participation agreement with Bangladesh Bank on Thursday to join a Tk 41,000 crore refinance package aimed at boosting large industries, rural economic activities and cottage, micro, small and medium enterprises (CMSMEs). The agreement was signed on August 27 at a ceremony organised by the Supervisory Data Management and Analytics Department (SDAD) at the conference ...

A Biman Bangladesh Airlines flight remains grounded at Muscat International Airport after a passenger died on board, with the aircraft awaiting permission from the Royal Oman Police to remove the body. The incident has left the onward journey of flight BG-136 uncertain until the necessary formalities are completed, causing inconvenience to other passengers. According to Biman sources on Wednesday, the ...