1h ago| Economy

Matarbari plant link road: Cost to spiral for poor feasibility studies

Although the overall length of a road linking the Matarbari coal-based power plant in Maheshkhali upazila to Cox’s Bazar town has reduced, the construction cost is set to increase by more 70 per cent from the initial estimate owing to poor feasibility studies.

2h ago| Economy

Pran-RFL to invest $22.5m in four sectors

Pran-RFL Group is going to invest in four new sectors -- $10 million in automobile parts, $3 million in stainless steel and aluminium pipe, $2.5 million in electric bike and $7 million in tableware. 

2h ago| Economy

Bangladesh misses out on using textile scraps in full

Spinners in Bangladesh are facing a shortage of waste cotton and textile scraps since a major portion of them is shipped abroad amid higher demand for recycled yarns and fabrics worldwide. 

11h ago| Economy

Bank Asia donates Tk 4cr to PM’s Ashrayan Project-2 Fund

Bank Asia has donated Tk 4 crore to the prime minister’s Ashrayan Project-2 Fund for underprivileged and homeless people of the country as a part of its corporate social responsibility. 

11h ago| Economy

Nigeria keen to expand trade with Bangladesh

Nigeria wants to expand trade with Bangladesh as the south Asian country has achieved significant development in the last decade, said Akinremi Bolaji, director for economic, trade and investment of the foreign affairs ministry of the west African nation.

11h ago| Economy

Only 8.7% households have computers: BBS survey

Only 8.7 per cent of households in Bangladesh have a computer, found a government survey, underscoring the lack of access to digital devices and their unaffordability. 

January 16, 2023
January 16, 2023

Matarbari plant link road: Cost to spiral for poor feasibility studies

Although the overall length of a road linking the Matarbari coal-based power plant in Maheshkhali upazila to Cox’s Bazar town has reduced, the construction cost is set to increase by more 70 per cent from the initial estimate owing to poor feasibility studies.

January 16, 2023
January 16, 2023

Pran-RFL to invest $22.5m in four sectors

Pran-RFL Group is going to invest in four new sectors -- $10 million in automobile parts, $3 million in stainless steel and aluminium pipe, $2.5 million in electric bike and $7 million in tableware. 

January 16, 2023
January 16, 2023

Bangladesh misses out on using textile scraps in full

Spinners in Bangladesh are facing a shortage of waste cotton and textile scraps since a major portion of them is shipped abroad amid higher demand for recycled yarns and fabrics worldwide. 

January 16, 2023
January 16, 2023

Small export-oriented garment units struggling to survive

Small export-oriented garment factories in Saidpur of Nilphamari are struggling to recover from setbacks faced during the Covid-19 pandemic, when orders from abroad took a steep dive owing to lower demand amid economic uncertainty.

January 16, 2023
January 16, 2023

New era begins as Ctg port sees bigger ships berth

A vessel with 10 metres draught berthed at a jetty of the Chattogram port for the first time yesterday, a major leap forward as the movement of larger ships is expected to cut costs and save time.

January 16, 2023
January 16, 2023

Feeble monetary policy against challenges

Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.

January 16, 2023
January 16, 2023

Banks can now set credit cards’ interest rates

Banks can now fix interest rate of their credit cards, Bangladesh Bank (BB) said yesterday after allowing the lenders to charge up to 12 per cent interest on consumer credit.

January 16, 2023
January 16, 2023

Lending rate cap relaxed for consumer loans

Bangladesh Bank yesterday relaxed the lending rate cap for consumer loans, allowing banks to hike it up to 3 percentage points from the current level.

January 16, 2023
January 16, 2023

Only 8.7% households have computers: BBS survey

Only 8.7 per cent of households in Bangladesh have a computer, found a government survey, underscoring the lack of access to digital devices and their unaffordability. 

January 16, 2023
January 16, 2023

Nigeria keen to expand trade with Bangladesh

Nigeria wants to expand trade with Bangladesh as the south Asian country has achieved significant development in the last decade, said Akinremi Bolaji, director for economic, trade and investment of the foreign affairs ministry of the west African nation.