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Bangladesh Bank (BB) today directed banks to refrain from imposing any fine or interest on the supervision charge collected by them to bear their administrative costs of loans. The central bank issued a guideline so that all banks follow the same method in collecting supervision charges on consumer loans and …

The American Apparel and Footwear Association (AAFA) has urged Bangladesh to end the detention of the workers who were involved in the labour movement demanding a minimum wage hike last year. Stephen Lamar, president and CEO of the largest trade body in garment and shoe segments in the US, made …

Bangladesh’s exports will continue to contribute to its economic growth in the short term although high inflation, a weaker taka, and restrictions on imports will weigh down consumption and private investment, according to a new report. The report, prepared by BMI, a provider of insights, data and analytics owned by …

Despite the price hike, sales of medicines in Bangladesh grew at the slowest pace in at least five years in 2023 driven by a lower purchase of non-life-saving drugs and vitamins. Last year, drug sales grew 2 percent to Tk 30,059 crore, far lower than the four-year average of 8.5 …

A staggering nearly 22% of Bangladesh’s total households are grappling with moderate or severe food insecurity, highlighting a concerning trend where one in five households lacks reliable access to sufficient, affordable, and nutritious food. Rangpur division witnesses 29.98 out of 100 households facing food insecurity, with Sylhet emerging as the …

Per capita income of Bangladesh has increased by $643 to $2,765 in the last five years (2019-2023), according to the latest data of Bangladesh Bureau of Statistics (BBS). It was $2,122 in 2019, the first year of the 11th election, while it was only $91 in 1972, shortly after independence. …

Stakeholders including experts on industries and economists underscored the need for diversifying export products to ease dependency on the garment industry and achieve industrial sustainability while economic challenges persist. They also emphasised enhancing workers’ skills, productivity and handling challenges through collective efforts. The observations came at a seminar titled, “Global …

Interest rate against borrowing from banks has surged to 11.89% as the Bangladesh Bank raised the benchmark rate, known as Six-Month Moving Average Rate of Treasury Bill (SMART) for the month of January. The benchmark interest rate in December-end was raised to 8.14% from the previous month’s 7.72% and the …

The Anti-Corruption Commission (ACC) has filed a lawsuit against 24 individuals, including a former managing director of the Investment Corporation of Bangladesh (ICB) and the chairman and the MD of Universal Financial Solutions Ltd. The case was filed as the accused persons mutually embezzled Tk311 crore from asset manager Universal …

About 21.91 per cent of Bangladeshi households are facing moderate food insecurity while 0.83 per cent are severe during the period from January 2022 to December 2023. Bangladesh Bureau of Statistics (BBS) on Sunday revealed this report, the first in the country titled ‘Food Security Statistics 2023’, based on the …