Bangladesh’s economy grew 7.28 percent in the last fiscal year, the highest in the country’s history. The development came after the Bangladesh Bureau of Statistics (BBS) updated the final estimate of the gross domestic product growth for 2016-17. In the final count, the GDP growth rose by 4 basis points from the provisional estimate of […]
Sheikh Fazle Fahim, acting president of the Federation of Bangladesh Chambers of Commerce and Industry, speaks at a roundtable on smart cities at the Westin Hotel in Dhaka yesterday. The federation and Germany’s Friedrich Naumann Foundation jointly organised the event. Photo: FBCCI The leaders of the apex trade body yesterday urged the government to apply […]
Bangladeshi garment exporters have fallen victim to fraudulence recently, with some 26 companies apparently manufacturing goods worth around Tk 600 crore for a non-existent British company. Two local garment buying houses, Vanguard and ASM Apparels Ltd, placed the work orders on behalf of the “importer”, Y&X, saying that the latter is owned by a Bangladeshi-born […]
Tofail Ahmed, commerce minister; Alison Blake, British high commissioner in Dhaka, and Francois de Maricourt, CEO of HSBC Bangladesh, pose for photographs along with the winners of the 7th HSBC Export Excellence Awards at the Radisson hotel in the capital on Friday. Photo: Star HSBC Bangladesh has recognised five local exporters for their leadership in […]
Policies framed with the support of evidence and credible data benefit the economy and the society as a whole, economists said yesterday. They also said decisions taken on populist notions and prescriptions from donors may not bring desired results. The views were shared at the launch of a book—Evidence based policy making in Bangladesh—penned by […]
Before moving to Bangladesh in May, among the known business challenges, I was well aware of the opportunities and the positive energy for which Grameenphone is legendary in the Telenor Group. I was not sure of what we would find in Bangladesh as a country, but it has been an incredible experience so far. Sure, […]
Les Canaux, a historic building, in Paris has officially begun its journey as Social Business House in order to promote social business and the social economy in the French capital. Mayor Ann Hidalgo and Nobel Laureate Prof Muhammad Yunus together launched the social business house on Thursday, Yunus Centre in Dhaka said in a statement […]
The country’s current account deficit widened further in the first three months of this fiscal year due to sluggish export earnings and higher import payments. In the July-September period of 2017-18, the deficit stood at $1.79 billion, which was $539 million in the surplus in the same period a year earlier, according to the central […]
The leather industrial estate project in Savar, which has been in the works for a decade and a half, has been delayed once again and is now gunning for a June 2019 completion. The development comes after the Executive Committee of the National Economic Council (Ecnec) yesterday extended the tenure of project by another two years. […]
The leather industrial estate project in Savar, which has been in the works for a decade and a half, has been delayed once again and is now gunning for a June 2019 completion. The development comes after the Executive Committee of the National Economic Council (Ecnec) yesterday extended the tenure of project by another two years. […]