Economy

Economy

Employers, trade bodies concerned over 20-member union proposal

Major trade bodies and the Bangladesh Employers’ Federation (BEF) have voiced concern over a government proposal to allow only 20 individuals to establish an enterprise-level union, regardless of enterprise size, as part of amendments to the labour law aimed at aligning with international standards.

3h ago

Govt to revive stock market with multiple schemes

The interim government has taken a series of steps to restore confidence among investors and reinvigorate the stock market, which has been hovering between 4,000 points and 5,500 points for the last several years.

3h ago

Cabinet approves new telecom licensing policy

The cabinet yesterday approved a new telecom licensing policy that seeks to abolish the fragmented licensing regime while capping foreign ownership in telecom and related services.

3h ago

Govt moves to expedite Tk 38,000cr bad loan cases

The interim government has moved to expedite long-pending lawsuits filed by 10 institutions, including state-owned banks and a non-bank financial institution (NBFI), against loan defaulters, in a bid to speed up the recovery of defaulted loans.

3h ago

Prolonged monsoon drives up vegetable, egg prices

Heavy monsoon rains have disrupted Bangladesh’s agricultural supply chain, driving up prices of essential vegetables and eggs across the country over the last three months.

3h ago

BB buys additional $134m from banks

Bangladesh Bank (BB) yesterday purchased $134 million from five commercial banks through multiple auctions as part of its ongoing strategy to contain the depreciation of the US dollar against the local currency, the taka.

3h ago

Three banks agree to merge, two oppose

Among the five Shariah-based banks slated for merger by the central bank, three have agreed to the regulator’s plan, while two have opposed it during separate meetings in the last three days.

3h ago

Job hugging!

We have always been champions of hugging. From clutching relatives at weddings long enough to make the stage creak, to embracing one another at mosques after prayers, to greeting colleagues with theatrical warmth at the first meeting of the week. And of course, the masters of the art, our politicians, hugging voters before elections with dazzling smiles, then hugging power afterwards as if their lives depended on it.

3h ago

Collaboration key for inclusive, sustainable garments sector

The garments industry of Bangladesh still suffers from a huge wage gap between male and female workers, with the latter holding just 5 percent of all supervisory positions in the sector, according to experts.

1y ago

ASM Mohiuddin Monem again becomes Cumilla’s top taxpayer

It is Monem's 10th consecutive top taxpayer award from the zone

1y ago

Onion prices surge for supply squeeze after India’s export ban extension

Retailers were selling the homegrown variety of onion at Tk 200 a kg at Karwan Bazar today, compared with Tk 130 on Thursday

1y ago

Bangladesh and other LDCs face economic challenges amid complex geopolitics

Economist Wahiduddin Mahmud says at the BIDS conference

1y ago

Fighting Climate Change: Bangladesh to get $400m loan from ADB

Asian Development Bank has approved a $400 million loan for Bangladesh to help fight climate change challenges.

1y ago

India extends export curbs on onions until Mar 31 

India has extended the ban on the exports of onion till March next year with a view to increasing availability in domestic markets and to keep prices in check, according to a notification issued by the Directorate General of Foreign Trade yesterday. 

1y ago

RMG shipment to the USA fell 24.75% in Jan-Oct

Garment export to the US fell 24.75 percent year-on-year to $6.35 billion in January-October this year

1y ago

Low revenue forces govt to scale back spending

government plans to cut the size of the budget for the ongoing fiscal year and keep it slimmer in the next fiscal year

1y ago