Business

Japan-Bangladesh Chamber of Commerce and Industry (JBCCI) on Wednesday laid emphasis on relaxing financial regulations to promote ease of doing business for establishing a favourable trade and investment ecosystem. The chamber made the observation at a meeting between the Board of Directors of the JBCCI and Commerce Adviser Sk Bashir Uddin at his office in the city, said a press ...

The Asian Development Bank (ADB) will provide a $600 million policy-based loan (PBL) to the government of Bangladesh, with a package of structural reforms supporting the mobilization of domestic resources. The PBL would also help Bangladesh in improving its efficiency of public investment projects, developing the private sector, reforming state-owned enterprises, and promoting transparency and good governance. “ADB’s PBL promptly ...

Iran is working to attract a share of the Asia-Europe goods transit by developing a free zone in its northwest, not least by completing a key rail route, an Iranian official said on Tuesday. Hossein Garousi, head of the Maku Free Zone Organization, outlined the plan ahead of an international conference on economic development of the free zone, AFP reports. ...

The International Monetary Fund (IMF) and Bangladesh Bank are looking for a more dynamic approach to managing the dollar exchange rate during the ongoing midterm review meeting in Dhaka, reports UNB. Bangladesh Bank spokesperson and Executive Director Hosne Ara Shikha said their Tuesday’s discussions aimed to tackle the stagnation observed in recent months. Despite relative stability in the exchange rate, ...

The price of bottled soybean oil and loose oil has been raised by Tk 8 per litre. The price of bottled soybean oil has jumped to Tk 175 from Tk 167 per litre and the price of loose oil to Tk 157 per litre from Tk149. Commerce adviser Sheikh Bashir Uddin announced the new prices after a meeting with traders ...

The fourth economic census of the country will begin on Tuesday and will continue until December 26. It was informed at a press briefing regarding the Economic Census 2024 project at the conference room of the Bangladesh Bureau of Statistics (BBS) in Agargaon, Dhaka on Monday. Mizanur Rahman, Deputy Project Director of the Economic Census Project, provided an overview of ...

Bangladesh received $616.4 million in remittance through banking channels in the first week of December. According Bangladesh Bank (BB) data released on Sunday, the daily average reached $88.1 million during this period. It said the remittance inflow in the first week of December exceeded that of November’s first week, which recorded $508.9 million. Analysis of the central bank’s data showed ...

Pakistan’s beleaguered national airline will resume flights to Europe on January 10 after European Union authoritieslifted a four-year ban on the carrier, the company said in a statement on Saturday. The statement from Pakistan International Airline (PIA), which was at the centre of a pilot license scandal, said a “PIA flight will depart from Islamabad to Paris on January 10”. ...

A legal dispute has emerged involving allegations that forged non-judicial stamps were used to prepare documents for the transfer of a majority of shares in Transcom Limited, which were subsequently submitted to the Registrar of Joint Stock Companies and Firms (RJSC). Reports submitted by the Dhaka District Commissioner’s Office and the Postal Department to the court confirm these claims. The ...

Inflation rate in Bangladesh was increased by three per cent to 13.80 percent in November. As a result, the rise in commodity prices has put a pressure on the common people. According to the latest data from the Bangladesh Bureau of Statistics (BBS) on Thursday (Dec 5), the increase was mainly driven by a rise in food inflation, which was ...