Business

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today called for enhanced security to keep their production units operational, as a labour unrest is ongoing despite meeting workers’ demand. “We are demanding safety, and without it, the factories will suffer due to the labour unrest,” said Abdullah Hil Rakib, BGMEA Senior Vice President, at a press conference at the BGMEA office ...

  An accounting system used by Post Office sub-postmasters before the controversial Horizon software was introduced is likely to have also been faulty, an investigation has found. A report said “there was a reasonable likelihood” that the IT system, called Capture, could have created cash shortfalls in accounts. Capture was used in branches from 1992 to 1999, prior to the ...

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to freeze the accounts of Nabil Group Chairman Jahan Box Mondol, Managing Director Md Aminul Islam, and their family members. The anti-money laundering agency also instructed banks to freeze the accounts of companies owned by them. According to the BFIU letter, the bank accounts will be frozen for 30 days in ...

USAID’s Enhanced Coastal Fisheries in Bangladesh II (ECOFISH II) Activity, implemented by WorldFish Bangladesh, successfully hosted a landmark consultation meeting at the Golden Tulip the Grandmark Dhaka, Banani, on Saturday. The daylong event brought together key stakeholders to deliberate on the future of Bangladesh’s marine and coastal fisheries, focusing on the Fisheries Blue Economy, Fisheries Co-management, and Delineation of Marine ...

Expatriate Bangladeshis sent around US$ 2.11 billion remittances during the first 28 days of September in the fiscal 2024-25, according to Bangladesh Bank data released on Sunday. This amounts to more than Tk 25,357 crore, based on an exchange rate of Tk 120 per dollar. Of this, state-owned banks received $586.5 million, while specialised banks recorded $92.26 million. Private banks ...

A lot of us have been there, locked in a metal cylinder flying at more than 500mph (804km/h), gritting our teeth about the armrest the person to the left is hogging. Or the person next to the window who keeps getting up to go to the toilet, or the person in front who has suddenly put their seat back, squashing ...

India on Friday lifted the ban on the export of non-basmati white rice with immediate effect after 14 months. The country imposed the ban in July last year to ensure the domestic supply of rice and keep prices under control. Besides, the country also reduced export duty on parboiled rice to 10 per cent from 20 per cent earlier as ...

Chief Adviser Professor Muhammad Yunus on Thursday said his government is committed to improving business environment in Bangladesh through reforms, seeking partnership of businessmen in the country’s new voyage, reports BSS. “No country is perfect. Neither is Bangladesh. But I see an emerging Bangladesh that is committed to upholding freedom and justice. We are firm to improve our business environment ...

Amid much debate over the export decision, Bangladesh started to export the country’s national fish with the first consignment of 18 tonnes to India through the Benapole land port on Thursday ahead of Durga Puja. “The consignment reached the port in Jashore by six trucks. Later, the quality of the fish was checked and it was allowed to go to ...

The UK has risen in the rankings of a group of wealthy nations to have the joint-second highest economic growth for this year, a think tank has predicted. The economy is now expected to grow by 1.1%, the same rate as Canada and France, but behind the US. The Organisation for Economic Co-operation and Development’s (OECD) previous growth estimate in ...