The majority of banks have already implemented the 6 per cent interest rate on their fixed deposit schemes (FDR) as part of their preparation to provide loans at 9 per cent interest in a couple of months' time. The development comes after private banks' sponsors and...
Located alongside the Dhaka-Mawa Highway, just after the first Dhaleshwari Bridge from the capital to Mawa, the little-known village of Barabartta should have been housing a plastic industrial park by now. The Bangladesh Small and Cottage Industries Corporation (BSCIC) was supposed to relocate the old Dhaka...
As India declined to lift the anti-dumping duty on Bangladeshi goods, the commerce ministry high-ups have asked one of its wings to start dispute settlement procedure in the World Trade Organisation (WTO). India turned down Bangladesh's plea to withdraw the anti-dumping duty on jute goods, hydrogen peroxide...
Investment is set to top the priority list as two days of talks between Bangladesh and Saudi Arabia begin at Economic Relations Division (ERD) from today. The meetings are of a Joint Economic Commission formed by the two countries. It will comprise a 40-member...
চীন থেকে শিল্পের কাঁচামাল ও বাণিজ্যিক পণ্য আমদানিতে করোনাভাইরাসের প্রভাব পড়তে শুরু করেছে বাংলাদেশে। ইতিমধ্যে চীনের বন্দরগুলো থেকে বাংলাদেশমুখী জাহাজে পণ্য পরিবহন কমে যাচ্ছে। কোনো কোনো জাহাজে চীনের পণ্য পরিবহন ৫০ শতাংশে নেমেছে। করোনাভাইরাসের প্রভাবে নববর্ষের ছুটির আগে চীনের বন্দর থেকে জাহাজে তোলা পণ্যও হাতে পেতে দেরি...
Jute and jute goods brought home the bacon this fiscal year when most other export-earning sectors flatlined, thanks to a recovery in demand for natural fibre-based yarn and biodegradable products abroad. Earnings from the sector rose 21 per cent year-on-year to $602 million in July-January this fiscal...
Canada can strongly assist Bangladesh in innovating and developing technologies to enter the era of 4th Industrial Revolution (4IR), said Robert Norris, Honorary Consul for Bangladesh in Saskatchewan Province in Canada. "The North American country can provide Bangladesh with its state-of-the-art research facilities to innovate technologies especially...
The World Bank Group together with WE Connect International on Sunday launched a project to help 1,200 women-owned businesses connect with potential large local and multinational corporate buyers. Women-owned businesses in Bangladesh need better access to markets and corporate value chains to boost the country’s inclusive growth...
Bangladesh Bank on Sunday gave its seal of approval to the Bengal Commercial Bank Ltd, asking the lender to boost paid-up capital to Tk 5.0 billion within two years. The board of directors of the central bank took the decision at its meeting held in Dhaka, with...
Bangladesh’s trade deficit widened slightly in the first half of the fiscal year on the back of sluggish exports, in a worrying development for the government. Between the months of July and December of last year, the trade deficit, which occurs when imports outweigh exports, stood at...