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...
There is no problem between India and Bangladesh and the two want to work together to take advantage of future opportunities created by the rapidly changing world of finance, trade and money, said Indian High Commissioner Vikram Kumar Doraiswami. "There is nothing contradictory with Bangladesh and India's...
As managing director and chief executive officer (CEO), Chowdhury is now determined to sail the company to new horizons. While most other corporate personalities would prefer to stick with MNCs in order to sustain their careers, Chowdhury rolled the dice when he took up his position with...
The value of greenfield investment project announcements – an indicator of future foreign direct investment trend – fell by 78 per cent in Bangladesh in the first eight months of 2020 because of the coronavirus pandemic, said the Unctad yesterday. The Global Investment Trends Monitor of the...
Bangladesh posted a current account surplus of $3.53 billion in the first three months (July-September) of 2020-21 Fiscal Year, amid the onslaught of the Covid-19 pandemic. The Bangladesh Bank made the disclosure in its latest weekly report on Thursday. In the same period during the last fiscal...
To further augment scope of foreign investment in the country, 11 more services of the Bangladesh Economic Zones Authority (BEZA) One Stop Service (OSS) Centre have come under online for ensuring quicker services for the investors of the Special Economic Zones (SEZs). The services are titled Application...