Business

The volume of lending by banks and financial institutions, or FIs, to the real estate sector has started rising in recent years in a sign of the industry's recovery, people familiar with the development said. Bankers have attributed such a rise to the growing demand for...

Export earnings in February edged down 1.80 per cent year-on-year to $3.32 billion mainly because of a slowdown in apparel shipment, according to data from the Export Promotion Bureau (EPB). The February earning is also 10.74 per cent short of the $3.72 billion target set for the...

Bangladesh Economic Zones Authority (BEZA) has received investment proposals amounting to around 20.50 billion US Dollar from 151 local and foreign business entities thanks to various steps of government to attract new investments, officials said. BEZA is responsible for establishing and managing of state-run special economic zones...

The private sector credit growth declined to 9.2 per cent in January amid heavy government borrowing from the banking sector and the government’s move to cut lending rate for banks to 9 per cent. The private sector credit growth in all the seven months of the fiscal...

Continued mismatch or value gap in reported bilateral trade of Bangladesh with the rest of the world has indicated that trade misinvoicing is persisting there. The latest report of the Global Financial Integrity (GFI), a Washington-based research organisation, estimated the value gap of 135 developing countries including...

The Investment Corporation of Bangladesh, or ICB, has requested the government to cut interest rate on term deposits it took from banks to support the stock market. Presently, the corporation has some Tk 106.71 billion in costlier deposits it took on various occasions, bearing interest rate ranging...

Local electronics giant Walton is, arguably, going through a purple patch. For instance, earlier this week, it flagged off shipments of 26,000 air conditioners to India's Hyundai and also inaugurated its sprawling lift manufacturing plant, both of which are firsts for Bangladesh. There appears to be no...

রাঙ্গামাটি, খাগড়াছড়ি ও বান্দরবান—এ তিন পার্বত্য জেলায় অন্তত পাঁচ লাখ হেক্টর জমি অনাবাদি হিসেবে পড়ে রয়েছে। এর মধ্যে দুই লাখ হেক্টর জমিতে কাজুবাদাম আবাদ করলে বছরে ১০০ কোটি ডলারের বেশি আয় করা সম্ভব, বাংলাদেশী মুদ্রায় যা প্রায় ৯ হাজার কোটি টাকা। পাশাপাশি পাহাড়ি জমিতে আবাদ করা যেতে...

Local electronics giant Walton is set to flag off the country's first lift manufacturing plant, in a display of Bangladesh's growing industrial prowess. The plant established at a cost of Tk 50 crore at the Walton Hi-Tech Industries (WHIL) at Chandra, Gazipur has begun test production. "We...

The authorities are planning to scale back tax exemptions for sectors like ICT, power, charity and fisheries in the upcoming budget after flagrant abuse. The National Board of Revenue, or NBR, has uncovered the evidence of abuse in the blanket tax waiver facility offered to a number of "priority" sectors. The...