Agri export suffers sharpest decline in 7 years
The export growth of agricultural products, including vegetables, fruits and dry food, decreased 26.96 per cent in the first eight months of the current financial year, the sharpest decline in seven years, official figures showed.
16 March 2023
Biz summit attracting investments: Jashim
The Bangladesh Business Summit could help attract a good amount of investment from abroad as the capabilities of local businesses are being highlighted at the three-day event, according to Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
12 March 2023
Drop in gold price fails to improve sales
Sales of gold ornaments have remained low in Bangladesh despite the reduction of the prices of the precious metal twice in February after hitting an all-time high the month before, according to jewellery traders.
9 March 2023
Sugar’s duty cut yet to bring any benefit to retail market
Consumers in Bangladesh are still paying higher prices for sugar although a week has passed since the National Board of Revenue (NBR) removed the import duty on both raw and refined sweetener.
5 March 2023
Insurers’ asset, investment growth drops
The life and non-life insurance sectors have been in a tight spot for the past three years due to the economic shocks resulting from Covid-19 and the ongoing war between Russia and Ukraine.
2 March 2023
The Promise of Insurance
The insurance industry in Bangladesh has immense potential for growth, thanks to the country’s rapid economic development, increasing per capita income, average life expectancy, and large number of young people.
28 February 2023
LC restrictions cut fruit imports by 38%
Bangladesh's fruit imports fell 37.79 per cent year-on-year to $157.38 million in the July-January period
28 February 2023
Palm oil Tk 10 costlier than govt rate
Though the government last December had fixed the rate of loose palm oil at Tk 117 per litre, retailers said they were charging Tk 125 to Tk 127
26 February 2023
How USA becomes top remittance source beating Saudi Arabia
The USA has 5 lakh Bangladeshi migrant workers and Saudi Arabia 20 lakh
21 February 2023
Visitors seek new designs, discounts
A three-day jewellery fair that opened in Dhaka yesterday witnessed, as per the organisers, a good turnout of visitors, a number of whom cited that they were looking for new designs, discounts and potential wedding gifts.
10 February 2023
15% spice demand met thru imports
Bangladesh has to rely on imports to meet about 15 per cent of the demand of the spice market, which highlighted the foreign currencies the country has to spend to bring in the items as well as the potential for local production.
8 February 2023
Scrap vessel imports fall to four-year low
Scrap vessel imports by Bangladesh hit a four-year low in 2022 as banks in the country have become reluctant to open letters of credit amid the ongoing US dollar shortage, according to industry people.
5 February 2023
DITF participants see lower sales for second year running
The 27th edition of the Dhaka International Trade Fair (DITF), which ends today at its new venue in Dhaka’s Purbachal, may have seen a higher turnout but overall sales were lower compared to when the monthlong event was held in Agargaon, according to participants.
31 January 2023
Tea production went down last year
Tea production in Bangladesh has decreased by nearly 3 per cent year-on-year in 2022.
30 January 2023
Tea production falls 3% in 2022
Tea production in Bangladesh decreased by nearly 3 per cent year-on-year in 2022.
29 January 2023
Sugar prices edge up in wholesale market
Sugar prices edged up in the wholesale market of Bangladesh within days after refiners declared that they would sell the sweetener at higher prices from the first day of February.
29 January 2023
Ramadan items already costlier
The price of the most-consumed items during Ramadan such as chickpeas, dried peas and dates has increased in the wholesale markets in Dhaka and Chattogram due to a supply shortage, two months before the fasting month begins.
26 January 2023
Publishers to set higher prices at Ekushey book fair
Publishers are gearing up for the upcoming Ekushey book fair despite multipronged challenges as a sense of festivity surrounding the monthlong book fair has returned for the first time in three years.
25 January 2023
Exports dip in first half of current fiscal year
Exports of light engineering equipment, including stainless-steel and iron ware, from Bangladesh have decreased in the first six months of the current fiscal year compared to the same period the year before.
22 January 2023
Gas price hike spells trouble for industries
The latest hike of gas prices undoubtedly spells trouble for industries as they will try to shift the burden onto consumers by raising product prices, which will boomerang onto them by eating away at their competitiveness in international markets.
19 January 2023