Economy

Urging foreign investors to invest heavily in Bangladesh, Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam said that this is the high time to invest in Bangladesh as Bangladesh is in a wonderful place geographically, Bangladesh’s GDP growth is increasing despite the outbreak of Coronavirus...

From the barrel to the pump and subsequently to the consumers as a whole, the Covid-19 has started creating a domino effect. Due to an all-out countrywide shutdown since July 23 to contain the spread of coronavirus, industries, public transport and the like run...

The World Bank has acknowledged Bangladesh’s remarkable economic development and growth, and reassured the global lender's continued support for this country's prosperity. Private Industry and Investment Adviser to the Prime Minister, Salman Fazlur Rahman, met with World Bank’s Managing Director (Operations) Axel van Trotsenburg...

Bangladesh is gearing up to tap into the highly potential electric vehicles (EV) market to generate employment and cut carbon emission. The Bangladesh Economic Zones Authority (BEZA) has set up an electric vehicle manufacturing plant on 100 acres of land at Bangabandhu Sheikh Mujib...

The Asian Development Bank (ADB) in its Asian Development Outlook Supplement of July said Bangladesh’s economic recovery will continue amid the second wave of Covid-19 much like the previous fiscal year, depending on exports and remittances. ADB today released the supplement on the Asian...

Tea garden owners in Bangladesh have urged the government to keep the industry out of the purview of the strict nationwide lockdown beginning on July 23. They made the demand in a letter to the cabinet secretary on Thursday afternoon, stating that the closure...

India is planning to impose anti-dumping duty on clear floating glass exported by Bangladesh, and to this end, the neighbouring country's Directorate General of Trade Remedies (DGTR) has already launched an investigation. Following the probe, India will impose this duty at a fixed rate...

Despite the lengthy coronavirus pandemic, 13,613 new companies were registered in Bangladesh in the just-included fiscal year, highlighting the confidence of businesses in the economy. This is the highest firm registration in a single year, according to data from the Office of the Registrar...

The service sector, which contributes to more than half of the country's gross domestic product, has suffered the most in the Covid-19 pandemic and left 11.22 lakh workers unemployed last year. The income of those employed in this sector has decreased by 17.6% and...

A hidden gem is what British banking giant HSBC dubbed Bangladesh's bourse earlier last month. But the problem is, access to this market is rather difficult for global investors who are flush with cash but not lucrative investment options. Foreign investors...