The government is preparing a new law that will allow establishment of finance companies in the private sector in the country. Such finance companies will mainly focus on 'development financing' and 'securitisation'. Besides, they will finance industries, agriculture, infrastructure projects and venture capitals. 'Development financing' means funding...
The consumption of cement, a key construction material, has
increased significantly over the past several years, thanks to a rise in the
number of large-scale government development projects, urbanisation, and the
growing real estate business across the country. According to the
Bangladesh Cement Manufacturers Association (BCMA), cement sales reached a high
of...
Bangladesh’s exports will grow 7.3 percent next year, down 1.8 percentage points from that in 2019, as the ongoing global trade tension continues to hurt business in Asia and the Pacific, a new United Nations report said. Still, the projected export growth of Bangladesh will be the...
The local currency appreciated by two paisa against US dollar on Wednesday after nearly three years in the inter-bank foreign exchange (forex) market. Dollar was quoted at Tk 84.88 per unit on the day against Tk 84.90 of the previous working day, according to market operators. "The...
International investors should look at Bangladesh as a lucrative investment destination as the fast-growing country offers immense growth opportunities, said Toshiro Kudama, chief executive officer of Jera Asia. “Bangladesh is very promising and stabilised. I think it’s time to come to Bangladesh,” he told The Daily Star...
Mayor of Dhaka North City Corporation (DNCC) Md Atiqul Islam on Tuesday underscored the need for sustainability plans for a good and prosperous apparel industry, UNB says. “In the 35-year journey of our industry, Bangladesh has become the second largest RMG exporting country in the world. The...
Export of plastic products has risen in month (July-October) of FY 2019–20 compared to same period of 2018–19 FY, thanks to availability of raw materials at a cheaper rate, producing quality products, new buyers from Europe, a robust government policy framework, enhanced manufacturing efficiency and export of...
As high as 97 percent of business enterprises in Bangladesh said they would expand their operations next year, buoyed by a strong economy and positive international trade prospects, according to the HSBC’s flagship Navigator report. “Bangladeshi businesses are brimming with confidence,” said the report, which was launched...
Chinese handset maker Oppo is all set to launch its “Made in Bangladesh” smartphones in the local market this month as its mobile assembly plant goes into commercial production. This will allow local consumers to buy Oppo devices at reasonable prices and strengthen the Chinese company’s foothold...