With a slump in demand for commodities among the Western consumers, Bangladesh needs to remodel its business plans to revive exports in the time of Covid-19, which has severely affected the global economy, economists said. Maybe the traditional fast fashion garment items or basic apparel products are...
Chinese businesses are showing increasingly greater interest in Chattogram, considering the geographical advantage of the port city. Factors like the duty-free access China recently granted to 5,161 additional Bangladeshi products must also be taken into account. Registration data from the Bangladesh Investment Development Authority (BIDA) show a...
The American Chamber of Commerce (AmCham) in Bangladesh has decided to provide financial assistance for 1,000 marginal farmers in Sirajganj during the Covid-19 pandemic. They disclosed the matter in a virtual programme titled "AmCham Support for the Farmers during Covid-19 Pandemic" on Sunday morning. Agriculture Minister Muhammad...
The Palli Karma Sahayak Foundation (PKSF) – a state-owned financial institution – will disburse an additional Tk5,000 crore in microcredits to support small entrepreneurs impacted by the Covid-19 pandemic. The World Bank and Asian Development Bank will fund the lion's share of this initiative. The PKSF,...
The capital base of Bangladesh's banking sector is much weaker than in peer countries -- a situation that not only highlights its frailty but also the heightened vulnerability amid the coronavirus pandemic. Capital adequacy ratio (CAR) is the reflection of all financial indicators of banks, including the...
Suspicious transaction and activity in Bangladesh fell by 7.86 per cent year-on-year in 2018-19, in a development that may raise questions whether banks and other reporting agencies are monitoring the anomalies properly. The Bangladesh Financial Intelligence Unit (BFIU) received 3,573 suspicious transaction reports (STRs) and suspicious activity...
It is not the first time that state-owned Sonali Bank, Janata Bank, Agrani Bank, and Rupali Bank are financially aiding distressed organizations. The last time when these four banks took the initiative to provide such help, the-then Farmers Bank , later renamed as the Padma Bank, was...
The coronavirus impact has failed to restrict public agencies from the race for including unapproved projects in the current development programme as nearly 1,450 have been added to tally. An FE analysis has found that many of the projects in the Annual Development Programme (ADP) for fiscal...
Gross inflow of foreign direct investment to Bangladesh fell 13.8 per cent to $3.73 billion in the first 11 months of last fiscal year, largely owing to the coronavirus pandemic, which came as a shock to foreign investors. The drop would sound out a warning bell to...
Clothing exports from Bangladesh could fall by 20% this year, according to trends so far and forecasts by businesses and experts. This 20% means nearly $7 billion business losses for exporters.
Can Bangladesh offset the losses by exploring opportunities in China that has allowed...