The country’s exports jumped 31.25 per cent year-on-year to $4.04 billion in November, propelled by robust growth in apparel shipments and modest growth in other sectors. Exports stood at $3.57 billion in November 2020, provisional data of the Export Promotion Bureau (EPB) showed on Thursday. The apparel sector fetched $3.23 …
Read More »Stocks open week on high note
Stocks witnessed an upward trend in early hours of trading on Sunday as investors are putting fresh bets on major sector stocks amid high expectations. The Finance Ministry’s move to arrange a coordination meeting scheduled for December 7 to resolve the ongoing disputes between the central bank and the securities …
Read More »Economists suggest tying up with regional peers to face odds, reap benefits
Bangladesh needs closer economic partnership with its regional peers to reap the benefits from enormous potentials of the current century which is predicted to be dominated by the Asian economies, economists have suggested. They called upon the policymakers to revisit the existing trade and investment policies and prepare those in …
Read More »Poor recovery from default loans new headache for banks
The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow. Between January and September, banks retrieved Tk 4,195 crore from their non-performing loans, which was Tk 3,751 crore during the same period a year ago, data from the …
Read More »PM inaugurates National SME Fair 2021; 60% participants women
Prime Minister Sheikh Hasina today inaugurated the ninth National Small and Medium Enterprises (SME) Fair 2021 in Dhaka with the aim of promoting entrepreneurs and expanding the market through diversification of products. The PM opened the eight-day fair at Bangabandhu International Conference Centre (BICC), joining virtually from her official residence …
Read More »Unemployed youths more interested in govt jobs: experts
Unemployed youths are now more interested in getting government jobs rather than private sector ones because of higher salaries and job security, speakers said yesterday. Even a decade ago, unemployed graduates preferred jobs in multinationals or banks but now they study to pass in the Bangladesh Civil Service exam to …
Read More »Top oil producers may freeze output amid Omicron concerns
Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil. The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US- led pressure to significantly boost output to rein …
Read More »Deal signed to set up Bangladesh’s first-ever waste-to-energy project
An agreement was signed on Wednesday between the Bangladesh Power Development Board (BPDB), the Dhaka North City Corporation (DNCC) and Chinese firm China Machinery Engineering Corporation (CMEC) to develop the country’s first ever waste-based power plant in Dhaka. The power plant will generate 42.5 MW of electricity from the garbage …
Read More »Top takeaways from Investment Summit 2021
Bangladesh signed memorandum of understandings (MoUs) worth $2.7 billion at the International Investment Summit 2021
Read More »Stocks drop at opening after BB statement
Stocks dropped further on Thursday following a statement from the Bangladesh Bank, saying no decisions were taken at Tuesday’s meeting between the central bank and securities regulator. Following the news, DSEX, the prime index of the Dhaka Stock Exchange (DSE), tumbled 76.13 points within the first 30 minutes of trading. …
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