News

Around 70 per cent of default loans in the banking sector is concentrated in nine sectors of the economy as many borrowers are finding it difficult to pay instalments for the dragging economic slowdown while willful defaulters are also a major factor. The nine sectors are ship-building and ship-breaking, small …

Some 132 small and cottage industrial units inside two estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Sylhet have long been suffering due to the poor infrastructure and other facilities available to them. Owners of the affected industries have been reporting their grievances to the estate authorities …

Shrimp exports from Bangladesh fell in the first quarter of the current fiscal year due to weak demand in the EU and the US markets, which have been gripped by the fears of a coming recession amid the ongoing Russia-Ukraine war. Considering the drop in export orders, overall export earnings …

Bangladesh received USD USD 769.88 million in remittance in two weeks of October (2-13), Bangladesh Bank data revealed on Sunday. Bangladeshi expatriates sent inward remittance of USD 1.54 billion in September – the lowest in last 7 months. After a decline in September, remittances showed a slow pace in October …

Bangladesh and Brunei Darussalam on Sunday agreed to explore mechanisms for long-term collaboration in the energy sector, particularly in the supply of Liquefied Natural Gas (LNG) and other petroleum products to Bangladesh. Visiting Brunei Sultan Haji Hassanal Bolkiah and Bangladesh Prime Minister Sheikh Hasina agreed for a long-term collaboration in …

The pound rose and government borrowing costs fell on Monday, as investors welcomed the news that Chancellor Jeremy Hunt is to fast-track tax and spending measures. Sterling gained 1% against the dollar to trade around $1.13 in morning trading. The news also saw the interest rate – or yield – …

Bangladesh Bank Governor Abdur Rouf Talukder had quite a busy schedule over the weekend as he sat with top officials of both the International Monetary Fund, or the IMF, and World Bank, or the WB, in back-to-back meetings to discuss Dhaka’s request to get $5.5 billion in total in loans …

Four Asian garment producing countries-Bangladesh, Indonesia, Pakistan and Vietnam-have united to fight against pollution by reducing hazardous chemicals use in textile production that pose significant risks to human health and environment. The $43 million initiative will support businesses to manage risks to workers and eliminate the most toxic chemicals from …

Four textile producing countries — Bangladesh, Indonesia, Pakistan and Viet Nam — have launched a programme to manage and reduce hazardous chemicals in textile industries with the aim of minimising risks to human health and the environment. The governments of the four countries under the initiative of UN Environment Programme, …

Many thought exports from Bangladesh to Russia would come to a halt after the Russia-Ukraine war began in February as the transcontinental nation was slapped with numerous sanctions and embargoes that restrained its import activities. However, shipments to Russia have since almost returned to full swing thanks to the establishment …