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The Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Tangail has long been gripped by a myriad of troubles, including poor roads and drainage system, according to industry operators. Besides, the industrial area is not getting a smooth electricity supply while an unapproved kitchen market that occupies two …

The government is going to undertake a major project to set up five jetties and necessary infrastructure in the economic zones in the country’s south-eastern part to ensure the comfortable and safe movement of people and landing facilities and boost tourism. The shipping ministry has taken up the project, which …

Not only the external factors such as the Russia-Ukraine war, the energy crisis and supply bottlenecks but also the unaddressed legacy issues that are responsible for the current ills of Bangladesh’s economy, said economists yesterday. They listed a surge in inflation, the fluctuation in the exchange rate, depleting reserves, fewer …

British International Investment (“BII”), the UK’s development finance institution and impact investor, announces a $50 million loan to Pubali Bank Limited (“Pubali”), a leading universal bank in Bangladesh. The loan facility will help to increase climate-related lending and boost climate mitigation projects across Bangladesh, reads a press release. Bangladesh has …

Consumers were still unable to get relief from rising prices in the capital’s kitchen markets, forcing them to be extremely thrifty when purchasing essential commodities. Volatility in the sugar market has not stopped yet, while prices of chicken and eggs also increased in the past week. Adding to that, prices …

Low remittance and export earnings figures in September and October will prove to be costly, as another routine import payment to the Asian Clearing Union (ACU) is slated for this week, which will cause the country’s forex reserves to go down further. Data analysis shows that after that payment, the …

Bangladesh Brand Forum organized its flagship initiative, Leadership Summit, for the sixth time on November 5, 2022. Powered by United Group and in association with Team Group, The Daily Star and Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI), the gala night was held at Hotel Le Méridien Dhaka on …

President of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Md Jashim Uddin today said that domestic industries would fall in difficulties if the current lending rate is increased. He said this while speaking at ‘ERF’s Dialogue’ as the chief guest, organized by the Economic Reporters’ Forum (ERF), …

A section of unscrupulous traders has been trying to make the basic commodity market unstable by creating a syndicate after the international prices of essentials went up, Commerce Minister Tipu Munshi said yesterday. The commerce ministry and other government agencies are working to put an end to the market manipulation, …

Russia wants the West to ease restrictions on state agriculture lender Rosselkhozbank to facilitate Russian grain exports, according to four sources familiar with the request, made during talks to extend a deal on food shipments from Ukraine. Moscow suspended its participation in the secure Black Sea grain corridor in late …