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.



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. 

1d ago

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. 

1d ago

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.

1d ago

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. 

1d ago

Meghna Bank gets new director

Abu Haydar Chowdhury has recently become a member of the board of directors of Meghna Bank Ltd.

1d ago

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”.

1d ago

Prime Bank, Water Garden Resort enter into MoU

Prime Bank has recently signed a memorandum of understanding (MoU) with Water Garden Resort & Spa.

1d ago

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

1d ago
Global Economy

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.

1d ago

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.

1d ago

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.

1d ago

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.

1d ago

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.

1d ago

Tesla gains from China’s loss in India

China’s loss in India could be Elon Musk’s gain.

1d ago

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.

1d ago

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.

1d ago
Organisation News

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.

1d ago

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. 

2d ago

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

2d ago

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. 

1w ago

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.

1w ago

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

1w ago

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

1w ago

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. 

2w ago
Business Multimedia

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?