The brick manufacturing business in Brahmanbaria has been going through a tough time since March due to the Covid-19 outbreak. The industry has incurred a loss of around Tk50 crore so far, according to businessmen. The losses are mounting every day as the business has not been...
Powerful groups in society push their own agendas to frame development indicators ignoring the commoners’ wellbeing, a panel of experts said on Saturday, calling for liberating such indicators from ‘siloed’ discussion. In countries like Bangladesh, they told a virtual discussion, politicians and policymakers often manipulate indicators and...
Bangladesh's youth needs to be turned into skilled workers to cope with the changes brought on by the ongoing coronavirus pandemic, according to experts. Nearly 20 per cent of the country's population is aged between 16 and 24. The Covid-19 has changed both the global economic and...
The government has alerted banks about the threat of a cyberattack, instructing them to put in place precautionary measures to prevent hackers from stealing money. The financial institutions division of the finance ministry had sent a letter to banks on Thursday asking them to take necessary measures,...
A German apparel company, United Bridal Factory, is relocating one of its successful factories from Poland to Bangladesh by investing about $12 million. The factory, which would be located in the Adamjee Export Processing Zone in Narayanganj, will manufacture high-end bridal wear as well as accessories for...
Swiss companies continue to see potential in the Bangladeshi market despite various challenges related to ease of doing business as well as COVID-19, Switzerland said on Wednesday. Economic relations between Bangladesh and Switzerland are growing rapidly, said the Swiss government. The second meeting between the inter-agency Committee...
Bangladesh has sought duty-free access of 42 products to Nepal under the proposed Preferential Trade Agreement (PTA). The Ministry of Commerce has recently handed over the list of products to the Government of Nepal. Nepal is expected to come up with its reply in this regard this...
The Bangladesh Securities and Exchange Commission on Wednesday approved NRB Commercial Bank Limited’s proposal to raise Tk 120 crore from the capital market through an initial public offering. NRBC Bank is the first bank to be listed on the country’s stock market after First Security Islami Bank which...
The largely battered hundi system because of travel restrictions, the zero-interest rate on deposit products in western countries, repeated floods in Bangladesh, and a massive collapse in demand in many nations hosting migrant workers from this South Asian nation have taken the inbound remittance to a level...