Business

The previous government’s Ministry of Health initiated the amendment of the Smoking and Tobacco Products Usage (Control) Act without consulting stakeholders and sector-related parties. This law, originally enacted in 2005, was amended once in 2013. In 2022, the ministry again took the initiative to amend this law, which was later diverted to the originating Ministry under the pressure of public ...

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked “important” regional and sectoral shifts. In its new World Economic Outlook (WEO) report, the International Monetary Fund also estimates that global inflation will continue to ease, hitting 5.8 percent this ...

Bangladesh recorded $1.53 billion in remittances during the first 19 days of October 2024, as reported by Bangladesh Bank. This translates to an impressive daily average of $87 million, showcasing a robust inflow. When compared to September’s figures, which totaled $1.47 billion for the same timeframe, October has demonstrated a noteworthy increase in remittance contributions. Analyzing the sources of these ...

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) hosted a high-profile luncheon meeting at Pan Pacific Sonargaon Dhaka, focusing on the theme of “Sustainable Energy for Bangladesh.” The event, held on October 20, brought together industry leaders, policymakers, and experts to discuss the country’s energy challenges and explore potential solutions. The meeting featured Chief Guest Muhammad Fouzul Kabir Khan, ...

The interim government will procure 55 lakh litres of soybean oil for the Trading Corporation of Bangladesh (TCB) which will cost some Tk 87 crore. Each litre of soybean oil will be bought at Tk 157.90. This time Tk 7.50 more will have to pay for each litre compared to the price at which the Awami League government last procured ...

Six financially weak banks, grappling with liquidity crises, have reportedly received a total of Tk 1,640 crore in loans by three stronger banks. Sources at the Bangladesh Bank said that this step is aimed at alleviating the liquidity constraints faced by the country’s weaker banks and restoring some stability to their operations. According to the sources, the support came from ...

Bangladesh Railway (BR) authorities have decided to operate special trains on the Dhaka-Cox’s Bazar route for five days from October 23 in response to meet passengers demand. A notification from the chief operating superintendent (eastern zone), of Bangladesh Railway, Chattogram announced that the special trains will depart from Dhaka at 11PM and will reach Cox’s Bazar by 7AM the following ...

Bangladesh’s garment industry suffered an estimated production loss of around $400 million due to the recent workers’ unrest in September and October in Savar, Ashulia, and Gazipur. Besides, some work orders were diverted to competing countries due to concerns over the law and order situation, said Bangladesh Garment Manufacturers and Exporters Association (BGMEA) president Khandokar Rafiqul Islam at a press ...

Speakers at a function here have urged the businessmen not to raise the prices of all essentials without logical reasons. Due to natural disasters like floods, there has been a slight increase in the prices of some essential commodities. However, prices have increased abnormally recently, which has caused discomfort to consumers, they said, BSS reports. There is no alternative to ...

Chinese company JIDALAI Co. Ltd. is going to invest US$5.85 million to set up a pullers of zipper manufacturing industry in Adamjee Export Processing Zone (AEPZ). The Chinese company will produce annually 70 million pieces of pullers of zipper where 189 Bangladeshi nationals will get employment opportunity, says a press release Mentionable, JIDALAI Co. is a strategic business partner of ...