Real-Estate & Infrastructure

Commercial activities at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Lalmonirhat are gradually winding down as it lacks a business-friendly atmosphere, according to entrepreneurs. Having started operations in 1990, the 15-acre BSCIC estate once housed 36 factories, of which just 11 remain as the …

The visiting IMF delegation and the Bangladesh authorities have reached a staff-level agreement to support Bangladesh’s economic policies with a 42-month arrangement of about US$ 3.2 billion under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) as well as of about US$1.3 billion under the Resilience and …

The money sent by the Bhutanese abroad to the country has improved by over 130 percent at Nu 1.45 billion (B) or USD 18.29 million (M) in July this year compared with the same month last year. This, according to the Royal Monetary Authority’s latest monthly bulletin was an increase …

A delegation of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today met RAJUK chairman Anisur Rahman Miah to discuss about the effectiveness of Detailed Area Plan (DAP) to build a planned habitat and developed capital. FBCCI senior vice president Mostafa Azad Chowdhury Babu led the FBCCI delegation …

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the National Board of Revenue (NBR) for allowing import of raw materials including yarn by roads and railways through the Bhomra, Sona Masjid and Darshana land ports. The BGMEA has made the request recently to the NBR through a letter …

The implementation of the National Social Security Strategy has made a little headway since its formulation and adoption in 2015 due to inadequate and weak institutional capacities, according to a report. The report jointly prepared by the international Labour Organisation and the Research and Policy Integration for Development said that …

The International Monetary Fund (IMF) team did not raise the issue of lifting floor prices during its meeting with the Bangladesh Securities and Exchange Commission (BSEC) yesterday, said Mohammad Rezaul Karim, spokesperson of the regulator. In July, the stock market regulator set the floor price for each stock to halt …

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 …