Business

More than 400 garment factories shut down in Bangladesh over the three years from July 2023 to June 2026, Commerce Minister Khandakar Abdul Muktadir said on Thursday. Of them, 282 were members of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and 123 were members of the Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA), he said. The minister disclosed the ...

Bangladesh’s energy import costs could surge by up to $2.8 billion or nearly Tk 35,000 crore in 2026 compared to last year if global oil, gas, and coal prices remain at current levels. An analysis published by the international research organization Zero Carbon Analytics (ZCA) revealed the details on Thursday (September 3). According to the report, fossil fuel import expenses ...

The Bangladesh Energy Regulatory Commission (BERC) has set new prices for liquefied petroleum gas (LPG) for September. The retail price for a 12-kilogram (kg) LPG cylinder has been reduced to Tk 1,585 from Tk 1,598. The regulator announced the price adjustment on Wednesday (September 2). Under the revised structure, prices for other cylinder sizes have also been refixed: 5.5 kg ...

Bangladesh Bank purchased 50 million US dollars from commercial banks through an auction on Tuesday (September 1) following an increase in dollar supply and falling market prices. This marks the central bank’s first dollar purchase from commercial banks in nearly three and a half months. The central bank bought the greenbacks from four banks at a rate of Tk 122.75 ...

The Asian Development Bank (ADB) has approved a $175 million concessional loan to expand access to reliable and affordable electricity in Bangladesh’s Chattogram Hill Tracts, helping boost livelihoods, improve essential services, and support inclusive development in one of the country’s most remote regions. The Sustainable Energy Development and Community Empowerment in the Chattogram Hill Tracts Project will extend and modernize ...

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 ...