Business

Asian Development Bank (ADB) has projected Bangladesh’s gross domestic product (GDP) growth to be 6.5 per cent in the fiscal year 2024, compared to an estimated growth of 6 percent in fiscal 2023. The projection was made in the latest ADB report, ‘Asian Development Outlook (ADO) September 2023,’ released on Wednesday. The ADB in a press release said that the ...

Bangladesh Bank (BB) has observed that as a trade balance is prevailing now in the country, dollar price should not be high. “Now there is a trade balance here, the dollar price should not be high. Bangladesh Foreign Exchange Dealer’s Association (BAFEDA) and Association of Bankers, Bangladesh (ABB) set the dollar rate. We work with the rates they offer,” said ...

Turkish President Recep Tayyip Erdogan urged tech tycoon Elon Musk to open his next Tesla factory in Turkey, becoming the latest leader to lobby one of the world’s richest men. Erdogan and Musk have held a series of meetings both in Turkey and on the sidelines of international forums, developing a seeming friendship that they extended on Sunday in New ...

Mercedes-Benz buses are now available in Bangladesh. German-manufactured Mercedes-Benz OF 1623 bus chassis has entered the market through Rancon Trucks and Buses Limited, reports UNB. The Mercedes-Benz OF 1623 bus chassis was launched in Dhaka’s Tejgaon on Sunday at an event. This bus chassis comes in two variants. This chassis is powered by Mercedes-Benz’s highly dependable OM 906 engine, which ...

Exporters is dreaming to bring back the golden glorious days in shrimp sector as a European delegate is likely to visit Bangladesh in next December, after five years of its last visit. The EU team is expected to visit some frozen shrimp exporters, shrimp production and marketing factories in Dhaka, Chattogram and Khulna between 5 to 10th December this year, ...

Stefan Liller, Resident Representative of UNDP Bangladesh, met with Faruque Hassan, President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at the latter’s office in Uttara, Dhaka on Thursday. Sarder M Asaduzzaman, Assistant Resident Representative, and Debashis Roy, Private Sector Partnership Specialist were also present on the occasion. During the meeting, they discussed potential collaboration between UNDP and BGMEA in ...

Prices of all sorts of chickens have become costlier in a week in the kitchen markets of capital. Chicken prices have soared by Tk10-Tk20 per kg. The information was revealed after visiting Taltola and Sawrapara kitchen markets on Friday. Visiting the markets, it was seen that price of broiler chicken has increased by Tk 10 to Tk 190 in a ...

The government has fixed the price of eggs at Tk 12 per piece. At the same time, a decision to import eggs has been taken, said Commerce Minister Tipu Munshi on Thursday. “At first, small quantities of eggs will be imported. But if the price is not under control, the import will be increased.” Meanwhile, the commerce ministry set the ...

The Cabinet Committee on Government Purchase (CCGP) at a meeting on Wednesday approved of buying 3.80 crore litres of soyabean oil and 6,000 metric tonnes of red lentil for the Trading Corporation of Bangladesh (TCB). As per the proposals, the TCB, a subordinate body of the Commerce Ministry, will purchase 6,000 MTs of lentils through open tender from Sabnam Vegetable ...

French regulators on Tuesday ordered Apple to halt sales of the iPhone 12 for emitting too much electromagnetic radiation, and to fix existing handsets. The French agency that regulates radio frequencies, the ANFR, said testing found that the model emits more electromagnetic waves susceptible to be absorbed by the body than permitted. The ANFR said it “ordered Apple to remove ...