Current News

Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities. However, shipments to Russia have since almost returned to full swing thanks to the establishment …

Although the Bangladesh Small and Cottage Industries Corporation (BSCIC) had established some industrial estates as far back as the 1960s, a number of plots at these estates remain unallocated as work on land filling, constructing roads, ensuring security services and other utilities is still ongoing. The industrial estate in Barishal …

Most commodity prices declined globally in September, according to the World Bank, a relief for the import-dependent countries under pressure for higher import bills and runaway inflation. Energy prices fell 8.1 per cent in September, led by a decrease in natural gas and crude oil prices, the World Bank’s Pink …

Due to the acute power deficit and frequent load-shedding, the export-oriented industries, manufacturing and the financial sector’s adoption of digital technology are facing a crisis. The Power Division reports that from last July to September, the largest amount of load-shedding per day was 2,000–2,200 megawatts. However, in October, this shortfall …

Bangladesh is well placed to ride out the global recession, which is looming large on the horizon, as the country has already tightened import payment amid good food production, economists have said, suggesting promotion of demographic dividend in workforce to avoid the economic slowdown. “The recession may affect the countries …

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the Japan International Cooperation Agency (JICA) to establish a petrochemical industry in the Matarbari-Moheshkhali project area. “Bangladesh lacks a petrochemical industry. Therefore, a petrochemical complex is needed to keep the country’s industrial development and economic growth going,” FBCCI …

Development of human resources and more investment are needed to thwart cyber-attacks that have skyrocketed in Bangladesh in recent years, experts said yesterday. For that, a concerted effort and investment from the government, business and banks are needed to protect internet-connected networks, devices and data from unauthorised access and criminal …

Security and transparency are the most important factors to attract foreign investment. At the same time, corruption is an obstacle the country should solve to encourage foreign investors to invest here, said Achim Tröster, the German ambassador to Bangladesh. “I hear from my contacts that this [corruption] is at least …

The injection of the US dollar into the market by Bangladesh Bank has surpassed $4 billion so far in the current fiscal year, creating further pressure on the country’s foreign exchange reserves that are now depleting fast. Bangladesh Bank supplied dollars to the market to the tune of $4.15 billion …

Businesses should be environment-friendly in Bangladesh and they should ensure good governance to build a safer earth, analysts said today. Their comments came at the closing ceremony of the World Investor Week- 2022 organised jointly by the Central Depository Bangladesh Ltd (CDBL) and Central Counterparty Bangladesh Ltd (CCBL) at Le …