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The number of banks facing a capital shortfall has risen in the second quarter (April-July) of 2021 largely due to loan defaults. According to the latest data from the central bank, the total capital shortfall of 12 banks stood at Tk29,531.35 crore. In the previous quarter, the capital shortfall was …
Read More »Investment in coastal resilience critical for sustainable growth: WB
With increasing climate risks, Bangladesh needs to continue investments to strengthen climate resilience in the coastal zones to protect the development gains, says a new World Bank report launched on Monday. The report, “Bangladesh: Enhancing Coastal Resilience in a Changing Climate” highlights the country’s journey to reducing vulnerability to climate …
Read More »Bangladesh’s apparel export to cross $100 bn by 2030: experts
Bangladesh’s apparel export will cross the $100-billion target by 2030, considering the potentials of the markets in Europe, the Uk, and the USA amid declining share of Chinese garments, experts have said. The global apparel market size will be around $1135 billion in 2030. During this period Bangladeshi apparel exporters …
Read More »Dollar gets costlier by Tk 1.0
The taka depreciated further against the US dollar on Monday, more than a month after a similar fall. The local currency lost its value by Tk 1.0 on the interbank foreign exchange (forex) market on the day. The US currency was quoted at Tk 96.00 each on the day against …
Read More »Toiletries get costlier: Consumers feel the pinch
Prices of toiletry items including detergent and dishwashing products, handwash, toothpaste and shampoo have marked a sharp rise in the country, adding to the rising cost of living. Local and international companies are raising the prices of their products frequently to make quick profits, ignoring the rights of the consumers, …
Read More »Post-listing non-performance: BSEC asks some merchant banks to explain
The securities regulator has asked several merchant banks to explain why their issue management activities will not be suspended over their involvement in the listing of non-performing companies. The Bangladesh Securities and Exchange Commission (BSEC) on Monday asked the companies to submit explanations within seven working days. Asked, the BSEC …
Read More »3 more garment factories get global green recognition
Three more Bangladeshi garment factories yesterday received international recognition of being green, taking the total to 171, although international clothing retailers and brands are still not paying premium prices for apparel items produced by those suppliers. The three received a platinum-rated Leadership in Energy and Environmental Design (LEED) certification from …
Read More »FBCCI to award scholarships to 30 female students annually; MoU signed
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will award scholarships to some 30 female students per year for higher education. Awarded students will have the opportunity to study at the Asian University for Women. In this connection, the FBCCI today signed a Memorandum of Understanding (MoU) with …
Read More »BGMEA to hold ‘Made in Bangladesh’ week on Nov 12-18 in Dhaka
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will hold “Made in Bangladesh” week on November 12-18, 2022 in the capital in order to highlight the contributions of the RMG sector in the economy over the last 40 years before the global arena. Prime Minister Sheikh Hasina will formally inaugurate …
Read More »NASCIB: Proposed Tobacco Control Act amendment will put lives of small traders in crisis
The National Small and Cottage Industries Association of Bangladesh (NASCIB) has claimed that the livelihood of small traders will be threatened if the draft bill prepared for the proposed amendment to the Smoking and Tobacco Products (Control) Act is implemented. The leaders of the organization highlighted provisions of the draft …
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