Business

Special Assistant to the Chief Adviser Anisuzzaman Chowdhury has said that the government is preparing to graduate from the Least Developed Countries (LDCs) list within the scheduled timeframe. Speaking at a seminar on “LDC Graduation and Bangladesh’s Preparedness” organized by the Economic Reporters Forum (ERF) on Saturday, Anisuzzaman said that the country’s economy—once in “ICU” due to reserve shortages and ...

Bangladesh’s export to the European Union faces an enormous challenge from the newly adopted legally binding EU requirement to ensure safety across the supply chain, protecting the environment and human rights. Bangladesh’s main export item to the EU is ready-made garments, which accounted for 60 per cent of $42 billion RMG exports last year. Under the new requirement adopted by ...

The UK economy failed to grow in July, following the biggest contraction in manufacturing output for a year. The Office for National Statistics (ONS) said the economy saw zero growth in the month, which was in line with expectations, following a 0.4% expansion in June. However, monthly figures are volatile, and the ONS has said it will now focus on ...

Prices of essential food items continue to climb in Dhaka, with vegetables and broiler chicken hitting record highs, while rice remains expensive and eggs show slight relief. Broiler chicken is now selling at Tk 180-200 per kg, up from Tk 170-180 last week. A dozen eggs have dropped slightly to around Tk 140 due to increased supply. Most vegetables, except ...

Contactless card payments are set to exceed £100 and potentially become unlimited under new proposals to allow banks and other providers to set limits. The proposals from the Financial Conduct Authority (FCA) mean entering a four-digit PIN to make a card payment could become even more of a rarity for shoppers. If approved, purchases which can cost more than £100 ...

Apple CEO Tim Cook seemed to be channelling predecessor and design genius Steve Jobs on Tuesday when he unveiled the iPhone Air, the company’s slimmest handset yet and the biggest change in eight years to a lineup fans and analysts saw as stagnating. Cook kicked off the company’s annual product launch event at its Cupertino, California, headquarters with a Jobs ...

Prominent economist and Chairman of Policy Exchange Bangladesh Masrur Riaz on Monday said the ongoing global trade war has created new opportunities for Bangladesh as American imports are shifting away from China. “Amid this situation, Bangladesh, as a non-aligned or openly non-political country, can become a promising destination,” he said. Masrur was addressing a seminar titled ‘Bangladesh’s Actions in the ...

In a corner of a cavernous 1890s factory in southern Massachusetts, 15 people are bent over sewing machines, churning out specialty, hospital-grade neonatal gear. They are all that remain of what was once a much bigger manufacturing operation, most of which the Teixeira family shut down in 1990, reinventing their business as a largely warehousing and distribution business. Since US ...

Royal Enfield, the iconic motorcycle brand, hosted its first-ever “Ride Out 2025” event in Bangladesh, bringing together nearly 140 riders from across the country in a celebration of motorcycles, community and safe riding. The event was held in collaboration with BikeBD, the country’s leading motorcycle platform founded by Suvro Sen. The ride began at Royal Enfield’s flagship showroom in Tejgaon, ...

Uncertainty loomed over what Saudi Arabia, Russia and six other key members of the OPEC+ alliance would decide on crude output in their meeting on Sunday, with analysts saying a production boost was also being considered. The meeting by the group of eight oil-producing countries known as the “Voluntary Eight” (V8) comes as oil prices extended losses in anticipation of ...