Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.

The government plans a new export promotion fund as an alternative to direct cash incentives for export-oriented sectors to help the country face challenges resulting from its graduation to a developing nation in 2026.

Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose

Despite global uncertainty, Bangladesh’s outlook has remained bright and the economy is expected to grow steadily, said a top economist of the Hongkong and Shanghai Banking Corporation (HSBC).

Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.

Says HSBC’s chief economist for Asia

Cabinet Secretary for Coordination and Reforms Mahmudul Hossain Khan told The Daily Star

British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.

The bank will support 3,500 MSMEs and women-led businesses in Bangladesh

The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit

Green Delta Insurance Ltd reported a profit of Tk 8 crore in the first quarter of 2024, an increase of 8 percent year-on-year

Beacon Pharmaceuticals, which makes more than 200 generic drugs and 65 oncology products, saw a 7.38 percent decline in profits during the July-March period of 2023-24, owing mainly to a rise in interest rates

Turkish business leaders discussed bilateral trade potential with FBCCI president

The cement maker’s turnover fell 3%, profit 15% in Jan-Mar

$1.63 billion of ACU payment was settled today

The satellite, Bangabandhu-2, will be launched in 3 years

Food ministry, BBS and GAIN worked together for it

The contraceptive pill named Levonorgestrel 1.5 mg is known by its brand name of Novella-1

Russell T Ahmed has been reelected as the president of the Bangladesh Association of Software and Information Services (BASIS) for a two-year term..M Rashidul Hasan was elected as senior vice president of the apex tread body of Bangladesh's ICT industry..It elected two other vice pre