Business


ADB to invest $20 million in Meghna Group to enhance food security

Business —5 December, 2024 12:56

The Asian Development Bank (ADB) and Tanveer Dal Mill and Flour Mills of Meghna Group have signed a $20 million loan agreement to support the construction…

ADB to invest $20 million in Meghna Group to enhance food security

Move to divest BEXIMCO 16 garment units

The interim government has announced plans to divest 16 ready-made…

Move to divest BEXIMCO 16 garment units
Fresh designs, new era: BB to launch new notes

The much-hyped launch of new Bangladeshi currency notes is on…

Fresh designs, new era: BB to launch new notes

Inflation in Bangladesh climbs to 11.38% in Nov

Inflation in Bangladesh climbs to 11.38% in Nov

The general point-to-point inflation rate in Bangladesh rose in November reaching 11.38 percent, up from 10.87 percent in October 2024.   This rate is the highest in the last…

Exports see 15.63% up in Nov

Exports see 15.63% up in Nov

The country's export earnings in November witnessed a healthy growth of 15.63 percent fetching US$4.12 billion, up by $0.56 billion from $3.56 billion in the same month of the last…

DSE benchmark index up 16.41 points in opening hour

DSE benchmark index up 16.41 points in opening hour

The Dhaka Stock Exchange (DSE) saw an upward trend in the first hour on Wednesday. On the day, the trading record in the DSE shows, shares and units of 7.8 crore were exchanged through…

Interim govt expects $6b in funding commitments by June

Interim govt expects $6b in funding commitments by June

Finance Adviser Dr. Salehuddin Ahmed on Tuesday said the government expects commitments of around $6 billion from development partners, including the World Bank and IMF, by next June.…

BB approves Tk 3,000cr low-interest loan for ICB

BB approves Tk 3,000cr low-interest loan for ICB

The Investment Corporation of Bangladesh (ICB) has received approval from Bangladesh Bank for a Tk 3,000 crore loan at a reduced interest rate of 4%, down from the initial 10%. Two-thirds…

Chinese firm to invest $19.53m in Mongla EPZ

Chinese firm to invest $19.53m in Mongla EPZ

Bangladesh BaoRui Textile Co. Ltd., a Chinese company, is set to invest US$ 19.53 million in Mongla Export Processing Zone (Mongla EPZ) to establish a composite textile manufacturing…

Bangladeshi expatriates remit $2.2b in November

Bangladeshi expatriates remit $2.2b in November

Bangladesh received US $2.2 billion in inward remittance in November through the official channel, which is 12.25 percent more year-on-year. Bangladesh Bank's (BB) latest remittance…

Maximum interest rate on credit cards raised to 25%

Maximum interest rate on credit cards raised to 25%

Bangladesh Bank (BB) has fixed the maximum interest rate on credit cards at 25 percent from 20 percent after banks insisted the central bank raise the rate to recover operation costs.…

Interest grows among Japanese firms to invest in Bangladesh: JETRO

Interest grows among Japanese firms to invest in Bangladesh: JETRO

Japan External Trade Organisation (JETRO) Dhaka Country Representative Yuji Ando said Japanese firms have started to show interest to invest in Bangladesh as political situation is…

BB provides Tk 22,500cr liquidity support to banks

BB provides Tk 22,500cr liquidity support to banks

The Bangladesh Bank (BB) has provided Tk 22,500 crore in liquidity support to several banks facing a liquidity crunch, said Governor Dr Ahsan H Mansur on Thursday. Speaking at a press…

Economy gradually recovering after July-August movement: MCCI

Economy gradually recovering after July-August movement: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) has said the economy has been gradually recovering despite the political instability after the July-August movement. In its…

Teletalk launches trial online SIM service

Teletalk launches trial online SIM service

Teletalk Bangladesh Limited, the country’s sole state-owned mobile operator, has launched its trial online SIM service.The service started on Wednesday as part of a commercial…

Malaysia requested for supplying palm oil ahead of Ramadan

Malaysia requested for supplying palm oil ahead of Ramadan

Bangladesh has requested Malaysia to take necessary measures as early as possible to supply refined palm oil to Bangladesh through the Trading Corporation of Bangladesh (TCB) under…

Local firms can tie up globally for LNG supply

Local firms can tie up globally for LNG supply

Local companies now have the opportunity to collaborate with prospective international spot suppliers through joint ventures to ensure a steady supply of LNG to Petrobangla, fostering…

Nasreen Awal appointed Mongolia’s Honorary Consul General

Nasreen Awal appointed Mongolia’s Honorary Consul General

Nasreen Fatema Awal, a renowned businesswoman and the founding president of the Women Entrepreneurs Association of Bangladesh (WEAB), has been appointed as the Honorary Consul General…