News

With 173 green factories accredited by the US Green Building Council’s (USGBC) Leadership in Energy and Environmental Design (Leed), Bangladesh currently leads the globe in the RMG industry’s progress towards being green. Even while they may cost more to set up initially, these green factories help save operational expenses dramatically …

The new repo rate — the interest rate at which banks borrow short-term funds — from the central bank was implemented on Sunday. With this, Bangladesh Bank changed its policy or repo rate for the third time in just four months. The central bank said this was done to control …

Private sector credit growth rose to 14.07 percent year-on-year in August mainly driven by a strong US dollar against the local currency Taka, suggests the latest data from Bangladesh Bank. This growth is 3.5-year high and is very close to Bangladesh Bank’s private growth credit target of 14.10 percent for …

Expatriate Bangladeshis sent around US$ 1,539.49 million remittances during the month of September in the fiscal 2022-23. From July to September of the current 2022-23 fiscal year, the total remittance inflow was $5,672.74 million. According to the Bangladesh Bank data, the country received $2,096.32 million in July and $2,036.93 million …

The government has U-turned on plans to scrap the 45p rate of income tax for higher earners. Chancellor Kwasi Kwarteng told the BBC the proposals, announced just 10 days ago, had become “a massive distraction on what was a strong package”. “We just talked to people, we listened to people, …

Ms Intex Link Garments (BD) Limited is going to set up a Garments industry in Chattogram Export Processing Zone (CEPZ) with an investment of US$ 9.58 million. Fully foreign owned this Chinese company will produce annually 61 million pieces of T-shirt, woven pants and jacket, ladies bra and panty, mans’ …

Trading on the alternative trading board (ATB) of Dhaka bourse is likely to begin at the end of this month as all preparations to this end have already been completed. Initially, the trading will commence with the listing of four securities, according to Dhaka Stock Exchange (DSE) officials. “The companies …

The Bangladesh Bank has given more emphasis on bond market development for long-term financing to rein in banks’ rising defaulted loans, said its governor Abdur Rouf Talukder on Monday. He made the comment at the opening session of ‘World Investors Week-2022’ at the Bangladesh Securities and Exchange Commission office in …

The government has issued Light Engineering Industry Development Policy 2022, setting an action plan with a timeframe to ensure developed infrastructure, industrial park, easy financing and industrial incentives for the sector in 2022-2027. The industries ministry on September 29 issued the policy through a gazette notification saying that the policy …

Oil prices jumped by about $4 on Monday as Opec+ considers reducing output by more than 1 million barrels per day (bpd) to buttress prices with what would be its biggest cut since the start of the Covid-19 pandemic. Brent crude futures rebounded by $3.77, or 4.4 per cent, to …