Bangladesh’s share in global RMG trade trebles in 17 years
Bangladesh’s share in the global readymade garment trade more than tripled in the past 17 years as the country cements its position as one of the largest suppliers internationally.
Sustainability Rating / Brac, City Bank, IDLC Finance retain top spots
Brac Bank, The City Bank and IDLC Finance Ltd were named as the top banks and non-banks for the third consecutive year in the central bank’s Sustainability Rating for 2022.
Local operator to launch Dhaka-Kolkata cruise
A vessel owner in Bangladesh is seeking to run a 10-day cruise from Dhaka to Kolkata.
S Alam's Aladdin's lamp
No official record of a single taka taken out of country, yet he and his wife obtain citizenship of Cyprus through investment, go on property-buying spree in Singapore
Bangladesh’s export-GDP ratio lowest among LDCs
When it comes to the percentage of goods and commercial services exports in gross domestic product (GDP), Bangladesh has had some of the lowest figures among 46 least developed countries (LDCs) over the years.
ADB mobilises $261m for expressway
The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestions and provide better connectivity.
Digital Dare / Who is the next superpower?
One day, the United States, China and Russia met at a racecourse and started arguing about who the next global superpower will be. The United States said, “With the most powerful military in the world, we can defeat any country in a war.”
Silver winning hearts in silence
People in Bangladesh are becoming increasingly inclined towards silver jewellery as they are more affordable than gold or platinum ornaments, especially amid the ongoing inflationary pressure, according to various traders.
Lower sales weigh on UAE non-oil business
Non-oil business activity in the United Arab Emirates eased in July as new orders slowed from a four-year high the previous month, a survey showed on Thursday.
Economy
Bangladesh remittance fair in New York next month
In a bid to increase remittance flow from the USA, a show titled “Bangladesh Remittance Fair” will be organised at Hilton Midtown Hotel in New York next month.
MetLife invests Tk 257.5cr in Runner bond
MetLife Bangladesh has invested Tk 257.5 crore in a sustainability bond issued by Runner Automobiles Ltd.
Aristopharma to make medicines for Square
Leading local drugmaker Aristopharma has signed a contract manufacturing deal with market leader Square Pharmaceuticals PLC to produce some products for the latter.
Vessel with 8.5-metre draft anchors at Mongla
A vessel of 8.5-metre draft anchored at the Mogla port yesterday, the highest draft recorded by the country’s second biggest port.
Meghna Bank gets new director
Abu Haydar Chowdhury has recently become a member of the board of directors of Meghna Bank Ltd.
MoU signed for idea hunt competition on renewable energy
Green Delta Insurance Company recently signed a memorandum of understanding (MoU) with the Power Cell of the power, energy and mineral resources ministry and Young Bangla over launching an idea hunt competition for renewable energy, styled “Bicchuron 2.0”.
Prime Bank, Water Garden Resort enter into MoU
Prime Bank has recently signed a memorandum of understanding (MoU) with Water Garden Resort & Spa.
BB’s Sustainability Rating: Brac, City Bank, IDLC Finance retain top spots
Brac Bank, The City Bank and IDLC Finance Ltd were named as the top banks and non-banks for the third consecutive year in the central bank's Sustainability Rating for 2022
Global Economy
Yellen says US credit downgrade unwarranted
A US credit downgrade by Fitch was “entirely unwarranted,” Treasury Secretary Janet Yellen said Wednesday, pushing back against the second-ever decrease by a major ratings agency following repeated debt limit standoffs in Washington.
US sees price cap on Russian oil working
The United States remains confident that the Group of Seven’s price cap on Russian oil is working to squeeze Moscow’s revenues and stabilize energy markets despite a recent upturn in prices, a senior US Treasury official said on Thursday.
India’s services growth at 13-year high
India’s dominant services sector expanded at its fastest pace in 13 years last month as demand increased significantly despite elevated inflationary pressures, a business survey showed on Thursday.
Dollar scales 4-week peak
The dollar scaled a four-week peak against major peers on Thursday after upbeat labour market data a day earlier, while sterling edged lower ahead of an expected rate hike from the Bank of England.
Oil slips on US ratings downgrade
Oil slid further on Thursday after dropping sharply from more than three-month highs in the previous session as a US government credit downgrade weighed on sentiment, while concerns around supply tightness provided support.
France's AFP sues Musk's X social media, cites refusal to discuss payment for news
Agence France-Presse (AFP) said on Wednesday it filed a lawsuit in Paris against Elon Musk's X social media platform, formerly known as Twitter, accusing it of failing to discuss potential payment for the distribution of the news agency's content.
Point of no return: Australians fight for the right to work from home permanently
Before Covid-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 am to hand out assignments.
Organisation News
Robi teams up with Brac Bank
Robi Axiata Ltd and Brac Bank recently signed a memorandum of understanding (MoU) to offer value-added services to small and medium enterprises.
Unilever cuts prices of toiletries
Unilever Bangladesh Ltd has reduced prices of its soaps, shampoos and handwash, attributing it to a recent reduction in prices of some of raw materials in the global commodity market.
Seminar on skill development held at NSU
The Career and Placement Center (CPC) of North South University (NSU) organised a seminar titled “The Campus Activation Program – on Skill Development” in collaboration with Infosystem Technology Limited on the NSU campus
Rangs launches Sony Bravia L Series LED TV
Rangs Electronics Ltd recently launched the 2023 Sony Bravia L Series LED TV at its Sonartori Store, Banglamotor in Dhaka.
Walton Plaza opens branch in Dhamrai
Walton Plaza, the electronics sales and service-providing enterprise of Walton Group, has opened a new branch at Kawalipara in Dhamrai, Dhaka on Wednesday.
Prof Khawza Iftekhar new pro-VC of Green University
Prof Khawza Iftekhar Uddin Ahmed joined Green University of Bangladesh (GUB) as the new pro-vice chancellor today, said a press release
NSU announces Bakeman’s 3rd Int’l Language League
The Department of English and Modern Languages at North South University (NSU) is announcing the highly anticipated return of Bakeman’s 3rd International Language League, the country's largest language Olympiad, said a press release..With participation from over 50,000 students across the
LafargeHolcim’s profit jumps 66%
LafargeHolcim Bangladesh Ltd (LHBL) posted a 66 per cent year-on-year higher profit in the first half of 2023 riding on higher sales and prices, the multinational cement manufacturer said yesterday.
Business Multimedia
Has the number of unemployed really decreased in the country?
The number of unemployed in the country has decreased. In other words, more people are involved in economic activities than ever before
Jon Haat: a place for hiring farm workers
The demand for day labourers is considerably high in Faridpur as farms in the major crop producing region require the assistance of seasonal workers whenever the harvest period comes around.
After ten years, how much did new banks contribute to economy?
Despite criticism from analysts and economists and initial objections from the central bank, the government licensed nine new banks in 2013. Some of the banks are currently doing well in terms of profitability. However, the non-performing loans of some of them are relatively high
Will Bangladesh benefit from trade in Indian rupee?
Will trade in rupee increase Bangladesh’s forex reserves?
Where did Tk 100 crore of 40,000 insurance clients go?
Around 4.2% of India’s gross domestic product (GDP) comes from the insurance sector and it is 0.91% for Pakistan. But Bangladesh’s insurance sector contributes only 0.4% of the GDP. The Daily Star has come to know that two insurance companies are not settling Tk 100 crore of 40,000 clients despite the end of the maturity period years ago. Why are the companies failing to settle the claims? Will the policyholders get their money back?
