Economy | The Daily Star

  • RMG exports to India can hit $2b in 2yrs

    Bangladesh has the capability to export $2 billion worth of apparel to India in the next two years on the back of its duty-free access to the market and rising demand for garment items at competitive prices, said Commerce Minister Tipu Munshi yesterday.

  • Largest private economic zone to be ready this year

    The country's largest private economic zone, Sirajganj Economic Zone Ltd (SEZL), may open for entrepreneurs within this year.

  • Apparel shipment to Europe quicker now

    Bangladesh's garment shipment to Europe has expedited with the introduction of transshipment facility from Kolkata's Netaji International Airport on a pilot basis, exporters said.

  • Stocks hit 8-month high

    The stockmarket has continued to maintain its post-election rally, reaching an eight-month high of 5,687 points yesterday.

  • I will not fail

    The finance ministry will make a fresh start from today and will be beyond reproach, said AHM Mustafa Kamal after he was given charge of the ministry.

  • Japanese firm to invest $10m in Meghna economic zone

    Japanese Sakata Inx is set to invest $10 million to establish a liquid ink manufacturing plant in the Meghna Industrial Economic Zone (MIEZ), a development that can reduce the country's import dependency of the product.

  • Motorcycle Manufacturing Plant in Bangladesh

    Japan’s Honda opens motorcycle plant

    Japan automobile giant Honda yesterday inaugurated its motorcycles manufacturing plant in Bangladesh, in what can be viewed as a watershed moment for the country's industrial capabilities.

  • Indiscipline in economy to slow SDG progress

    The rampant indiscipline in the economy would turn out to be a big impediment to achieving the Sustainable Development Goals, said a noted economist yesterday.

  • Global Competitiveness Index

    Bangladesh slips a notch

    Bangladesh has come down one spot in the World Economic Forum's Global Competitiveness Index thanks to a change in methodology to better reflect today's rapidly changing, increasingly digitised world economy.

  • Ecnec’s flurry of project approval continues

    The Ecnec yesterday approved 17 projects including one for land acquisition to elevate the Faridpur-Kuakata highway into a four lane one to establish smooth communication with the tourist spot.

  • GDP growth rate for Bangladesh in FY 2018-19

    WB projects 7% growth for Bangladesh in FY19

    World Bank has projected a seven per cent growth rate for Bangladesh in the fiscal 2018-19. The report ‘Bangladesh Development Update: Powering the Economic Efficiency’ said Bangladesh’s economy is still one of the fastest growing economies in the developing world.

  • JV to invest Tk 500cr in steel plant

    Japan's Nippon Steel has formed a joint venture company with Bangladesh's McDonald Steel Building Products Ltd to set up an import substitute plant in the Mirsarai Economic Zone in Chattogram.

  • Finance Minister AMA Muhith

    Defaulted Loans: 5 state-run banks hold nearly 43pc

    Bad loans at five state-owned banks totalled Tk 56,283 crore as of June, Finance Minister AMA Muhith told parliament yesterday.

  • Who dominates economies of Asia

    China dominates Asian economies

    From Xi’s China to Duterte’s Philippines, Asian economies have risen as the world’s best countries in terms of GDP.

  • DSE delists two firms

    Modern Dyeing & Screen Printing and Rahima Food Corporation have been delisted from the Dhaka Stock Exchange for remaining closed for more than three years.

  • Junk shares reign over Dhaka bourse

    In a curious development, five junk stocks were among the top ten gainers of the premier bourse yesterday.

  • Current account deficit set to cross record $10b

    Bangladesh's current account deficit is set to cross the $10 billion mark for the first time in history as the country's capacity to export continues to lag behind its appetite for imports.

  • Roadshows to draw foreign funds in hi-tech parks

    Bangladesh Hi-Tech Park Authority is set to organise roadshows in different cities around the world from September to attract foreign investors, including non-resident Bangladeshis.

  • Lift weight limit for vehicles

    Chittagong-based business leaders yesterday threatened to shut down the wholesale hub in Khatunganj and stop transporting goods if the weight limit on the vehicles plying on the Dhaka-Chittagong highway is not lifted within a week.

  • Accolade for export heroes

    Commerce Minister Tofail Ahmed yesterday handed over the national export trophies to owners of 63 companies for their extraordinary export performance in 2014-15.

  • Understanding needed to thwart data security threats: ICCB

    Strong understanding of criminal operation and risk management is crucial for financial institutions as fraud and data security threats are emerging in many forms and channels, said Mahbubur Rahman, president of the International Chamber of Commerce (ICC) Bangladesh.

  • Singaporeans seek 3,000 acres for economic zone

    A team of investors based in Singapore has sought 3,000 acres of land at Mirsarai in Chittagong from the government to establish a special economic zone for the businesses of the Southeast Asian island country.

  • Midas approves 10pc stock dividend

    Midas Financing Ltd has approved 10 percent stock dividend for shareholders for 2017 at the company's 22nd annual general meeting.

  • FTAs far away

    The signing of the much needed free trade agreements (FTAs) with the important trading partners is still far away for Bangladesh as many countries are not showing interest to go for such deals, despite the hectic efforts over the years.

  • Price upheaval wreaks havoc on investors

    Prices of newly listed companies continue to rise abnormally on the Dhaka Stock Exchange without any apparent reason, which experts said may eat up general investors' money.

  • Export Policy 2018-2021

    Making sense of trade policy directions in budget

    Annual budgets are widely reported and its components hotly debated, as it usually provides insights on the direction of overall public policy that impinges on a broad spectrum of our lives and livelihoods.

  • Finance minister AMA Muhith

    No scope to whiten black money: Muhith

    There will not be any provision to legalise black money in the upcoming budget, said Finance Minister AMA Muhith yesterday, quashing the hopes of various quarters.

  • Currency Inflation

    Inflation falls to 5.57pc in May

    Bangladesh witnesses a declining trend in inflation in last eight consecutive months as the country’s general inflation rate came down to 5.57 percent in May from 6.04 percent in October last year.

  • Black money

    BEA wants white paper, body to recover black money

    Bangladesh Economic Association (BEA) has demanded the government to publish a white paper and keep a provision for forming a commission in regardto black money in the budget for fiscal year 2018-19.

  • Stocks bounce back, finally

    Stocks soared resoundingly yesterday at last as institutional investors were slowly becoming active in the market again.

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