As high as 97 percent of business enterprises in Bangladesh said they would expand their operations next year, buoyed by a strong economy and positive international trade prospects, according to the HSBC’s flagship Navigator report. “Bangladeshi businesses are brimming with confidence,” said the report, which was launched...
Country’s premier bourse, Dhaka Stock Exchange (DSE), sustained the gaining streak for the fourth consecutive session. The broad index, DSEX closed at 4781.47 points yesterday with a gain of 9.55 points or 0.20 per cent. Besides, the two selective indices, Blue Chip index, DSE30 and the Shariah...
The current state of Bangladesh’s economy is not gloomy but it faces some major challenges such as rising bad loans, declining exports and stagnant private investment, a leading business chamber said yesterday. “Some areas of the economy like the banking sector, the stock market, exports of major...
The central bank is set to relax the loan write-off policy once again in a space of nine months, bowing down to pressures from an influential quarter. This time, banks are likely to be allowed to write off defaulted loans that have been hovering in the bad...
The High Court (HC) yesterday directed the US energy giant, Chevron Bangladesh, to pay Tk 604 crore to officers and workers in Bangladesh as profit sharing in accordance with the labour law. An HC bench, comprising Justice Tariq-ul Hakim and Justice Iqbal Kabir, came up with the...
The inflow of remittances crossed US$6.0 billion in the first four months of the current fiscal year (FY) as the government started providing incentive to the beneficiaries against inward remittance. Depreciating mode of the local currency against the US dollar has also pushed up the flow of...
Chinese handset maker Oppo is all set to launch its “Made in Bangladesh” smartphones in the local market this month as its mobile assembly plant goes into commercial production. This will allow local consumers to buy Oppo devices at reasonable prices and strengthen the Chinese company’s foothold...
The government is creating a venture capital firm to nurture start-up entrepreneurs as the country is still at a nascent stage of tech-based business innovation. The Bangladesh Start-up Company with Tk 1.0 billion in paid-up capital and Tk 5.0 billion in authorised capital as per the Companies...
The country's off-docks handled a lower number of outbound containers in October. This indicates that the export earnings might have missed the target set for the month. The Chattogram-based 18 inland container depots (ICDs) handled nearly 42,000 twenty foot equivalent units (TEUs) of export containers last month,...
The private sector credit growth hit a fresh nine-year low in September this fiscal year (2019-2020) amid sluggish business activities in the country. In September, the private sector credit growth dropped to 10.66 per cent, the lowest after September, 2010, when it was 6.09 per cent, according...