Real-Estate & Infrastructure

The country’s steel sector experienced a 65% jump in operational cost in the last one year due to the appreciation of the US dollar and a rise in utility bills, said Mohammad Jahangir Alam, president of Bangladesh Steel Manufacturers Association (BSMA). The US dollar’s appreciation caused the 40% rise in …

State Minister for Labour and Employment Md Nazrul Islam Chowdhury on Tuesday said a decision has been taken to provide the salary for March and festival bonuses to readymade garment (RMG) workers before the holiday of the holy Eid-ul-Fitr. The decision was taken in a meeting of the tripartite consultative …

The government on Wednesday introduced a new scheme named “Prottoy” under the Universal Pension Scheme (UPS) for newly recruited employees of self-governed, autonomous, state-owned, statutory organisations and their subordinate bodies. In a notification on Wednesday, the Ministry of Finance said the scheme will be effective from 1 July. The new …

Spending under the annual development programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies using just 31.17 percent of the total allocation till February this year, showed official figures. In the first eight months of FY2023-24, the government managed to spend just Tk 85,603 …

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, …

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. …

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 …