The government’s allocation for helping small and medium enterprises (SMEs) overcome coronavirus-induced losses is less compared to the funds set aside for the same purpose in India, Thailand, and Malaysia, according to a recent study.

Bangladesh will face severe competition in garment shipment to the European Union (EU) once it makes the United Nations status graduation from a least developed to a developing nation, a noted economist said yesterday.

The government has allocated less incentive than India, Thailand, and Malaysia in the Small and Medium Enterprises (SMEs) sector to help them overcome the losses caused by the Covid-19 pandemic, according to a report of SME Foundation revealed today.

Saudi tourists ride horse-drawn carriages, pose for portraits by street artists and play chess on benches with locals in Lviv, a city in Ukraine more accustomed to hosting European guests.

The expatriate welfare and overseas employment ministry has framed a policy to recognise recruiting agents as commercially important persons (CIPs) for their contribution to overseas employment.

Allured by the high price of raw jute at the fag end of last year, a section of traders and seasonal buyers are now rushing to stockpile the product.

Banks in the country should give long-term loans to entrepreneurs who wish to establish industrial units, said speakers at a webinar held yesterday.

Revenue collection grew marginally in July owing to the slowdown in business activities in the face of the government’s restrictions to combat the coronavirus spread.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has sought a Tk 1,000 crore stimulus package from the government to disburse loans for the development and expansion of the cottage industry and SMEs.

Anwar Hossain was a man of values, principal, punctuality. He was successful as a man, businessman, and leader. Young entrepreneurs should follow Hossain as a model of success, speakers said while commemorating Hossain yesterday.

Two decades past its establishment, the Jamdani industrial estate is plagued with multifaceted problems and is nowhere near living up to expectations.

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has said that the recently signed International Accord for Health and Safety in the Textile and Garment Industry is separate from RMG Sustainability Council (RSC).

Bata Shoe Company (Bangladesh), one of the widely known footwear brands in the country, returned to profit in April-June period of the current year after incurring a massive loss in the same quarter last year.

All industries and their respective regulatory bodies are responsible for ensuring consumer protection as well as deepening financial inclusion, according to speakers at a webinar.

Import-related irregularities have gone down significantly after the National Board of Revenue (NBR) doubled the minimum penalty for evading duties, helping the government earn more in taxes.

Business of hotels and resorts in tourist destinations is rebounding slowly as the Delta Covid-19 variant and dengue have turned customers very cautious over whether they would go on holidays.

Bangladesh Jute Mills Corporation (BJMC) has received around 55 proposals from home and abroad till date seeking to invest in 25 state-run jute mills shuttered in July 2020 for modernisation, said BJMC Chairman Md Abdur Rouf yesterday.

Padma Bridge, Payra Port and Dhaka Metro Rail-6 are among the fast-track projects nearing completion, whereas several others are witnessing a slower than expected implementation rate, according to a progress report.  

Real estate firm Concord has recently achieved a AA+ credit rating from the Credit Rating Agency of Bangladesh.  

Effective supply chain and commercialisation of agriculture products is a must for availing a safe food value chain as the marketing of perishable items is a big challenge in the country now, stakeholders said at a webinar yesterday.