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Brac Bank has signed a participation agreement with Bangladesh Bank to avail Credit Guarantee facility to support women and agro-based product processing entrepreneurs. This facility will support women entrepreneurs in small enterprises, and the agro-processing industry under Bangladesh’s refinance scheme. Selim RF Hussain, managing director & CEO, Brac Bank, and …

A total of 64% respondents from a recent survey believed that fraudulence or market manipulation was the most critical ethical issue the Bangladesh capital market was facing. According to the survey, 37% of respondents voted for the capital market’s performance in 2023 as “really bad” and 29% as “bad”, with …

In a recent report by the Fair Labor Association (FLA), they said buyers must commit to ensuring that costing and purchase orders accommodate the new minimum wage standards of TK12,500 and TK12,800 in Export Processing Zones (EPZs). The study emphasises the importance of adjusting purchase orders to cover labour costs, …

The prices of onions have seen a significant decline in different regions of the country in the last two days, attributed to a sharp increase in the arrival of this essential cooking item in the market. Some dishonest traders have built stocks of onions to make extra profit during the …

Amid ongoing efforts to bolster foreign currency reserves and stimulate remittance inflow into the country, the International Monetary Fund’s (IMF) proposition to eliminate tax benefits on remittances has elicited a wave of disapproval from experts. Concerns abound that such a move could inadvertently drive these crucial funds into clandestine channels. …

Despite their tireless efforts to ensure food securities for the nation, farmers themselves are among the most vulnerable to food insecurity – struggling to put enough food on their own tables. The latest report by the Bangladesh Bureau of Statistics (BBS) titled “Food Security Statistics 2023” reveals that 26.13% of …

Bangladesh Bank (BB) today directed banks to refrain from imposing any fine or interest on the supervision charge collected by them to bear their administrative costs of loans. The central bank issued a guideline so that all banks follow the same method in collecting supervision charges on consumer loans and …

The American Apparel and Footwear Association (AAFA) has urged Bangladesh to end the detention of the workers who were involved in the labour movement demanding a minimum wage hike last year. Stephen Lamar, president and CEO of the largest trade body in garment and shoe segments in the US, made …

Bangladesh’s exports will continue to contribute to its economic growth in the short term although high inflation, a weaker taka, and restrictions on imports will weigh down consumption and private investment, according to a new report. The report, prepared by BMI, a provider of insights, data and analytics owned by …

Despite the price hike, sales of medicines in Bangladesh grew at the slowest pace in at least five years in 2023 driven by a lower purchase of non-life-saving drugs and vitamins. Last year, drug sales grew 2 percent to Tk 30,059 crore, far lower than the four-year average of 8.5 …