It was 11.45 pm on Tuesday. Shopping malls and markets usually remain shut at this hour of the day. But, the bustling shopping district for clothing and lifestyle items in the Mirpur-1 area was abuzz with shoppers. Some came in drove and they were all in a festive mood, going …
Read More »Unilever Bangladesh employees donate their salary for Eid fundraising
The employees of Unilever Bangladesh Limited (UBL), the country’s leading Fast-Moving Consumer Goods (FMCG) company, have voluntarily donated a portion of their salary to support underprivileged families to celebrate Eid-ul-Fitr this year. The donation drive was part of Unilever’s employee volunteering program that allows employees to be associated with community …
Read More »ICCB: Adopt policies to reduce inequality
The International Chamber of Commerce Bangladesh (ICCB) on Monday underscored the need for adopting policies for new economic processes and structures to create a fairer, more equal world and to save the planet. “The world is facing an inequality crisis. Fourteen percent of the global populations living in 46 countries …
Read More »Rise in remittance eases pressure on forex reserves
Bangladesh’s foreign currency reserve has experienced a slight respite due to the inflow of remittances ahead of Eid-ul-Fitr, with expatriates sending over $1.1 billion during the first 17 days of April. “Till Monday, the remittance inflow topped $1.1 billion,” said Mesbaul Haque, executive director at Bangladesh Bank, speaking to the …
Read More »Air conditioners sales doubled in city
The sale of air conditioners (AC) has apparently doubled in Dhaka, as the heatwave in the capital saw people suffer the hottest days in over six decades. An AC is almost the only option that offers some relief without disruptions to normal routine. The pressure on customers to buy an …
Read More »Litchi farmers fear lower yields this year
Litchi farmers are concerned about potentially lower yields this year due to poor weather conditions, which hampered the flowering and budding stages of the fruit. Litchi is grown on about 26,000 hectares of land all over Bangladesh but the highest cultivation is seen in Dinajpur, Pabna and Jashore, according to …
Read More »Fan sales soar as heatwave continues
The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times. However, producers are capitalising on the higher demand by raising their prices, putting more pressure on the general public at a time when the country is facing high …
Read More »Padma Bridge project costs rise by Tk 2,412cr
The cost of the Padma Multipurpose Bridge’s construction has increased by Tk 2,412 crore while its completion deadline has been extended by one year till June 2024. The Executive Committee of the National Economic Council (Ecnec) yesterday approved the project’s third revision with Prime Minister Sheikh Hasina in the chair …
Read More »Brac Bank organizes ‘Tara Uddokta Mela 2023’ to support women entrepreneurs
Brac Bank has kicked off a two-day fair in Dhaka to promote locally-made products of women entrepreneurs and create a market for their ‘Made in Bangladesh’ products. According to a press release, a total of 50 female business owners from across the country are showcasing Bangladeshi products at the exposition …
Read More »3 more RMG factories now Leed-certified
Three new readymade garment (RMG) industrial units in Bangladesh received US Green Building Council’s (USGBC)-approved leadership in energy and environmental design (Leed) certificates. On April 12, Trust Knitwear Garments Building and Trust Knitwear Washing and Dying Building of Bhabanipur in Gazipur received gold certificates from the USGBC, while also receiving …
Read More »
Welcome to Business Outlook