Economy News | Dhaka Magazine

Investment protection agreement with Hong Kong, investment opportunities to increase

Bangladesh and Hong Kong have signed an investment development and protection agreement to increase and protect bilateral investment. The agreement was signed today during the opening session of the 11th Belt and Road Summit held in Hong Kong.

12 hours ago 58 views

Economy

Commerce minister meets US ambassador to boost trade and investment

Commerce Minister Khondaker Abdul Mutadir and US Ambassador to Dhaka Brent T. Christensen discussed increasing US investment in Bangladesh, ensuring transparency in large infrastructure projects, and making the trade environment easier.

2 days ago 219 views

Economy

Company law will be updated with businessmen's opinions: Commerce Minister

Commerce Minister Khondaker Abdul Muktadir has said that the Company Act, 1994 will be amended based on the opinions of businessmen and entrepreneurs in order to make the business environment easier, more transparent and investment-friendly.

2 days ago 209 views

Economy

Country's foreign exchange reserves cross $36 billion

The country's foreign exchange reserves have increased further to $36.38 billion. According to Bangladesh Bank data, as of September 6, total reserves stood at $36,385.92 million.

2 days ago 290 views

Agriculture

BAPA's 25th Annual General Meeting held at Gulshan Club

The 25th Annual General Meeting (AGM) of Bangladesh Agro-Processors' Association (BAPA) was held on 05 September at Gulshan Club in the capital.

3 days ago 294 views

Banking Insurance

Conscious Customers Forum warns of tough movement if board not formed

Leaders of the Conscious Customers Forum met with Mohammad Zahir Hossain, the administrator of Islami Bank Bangladesh PLC, to press various demands including formation of the board of directors and issues related to S Alam Group's shares. The meeting was held at the bank's head office on Sunday afternoon.

3 days ago 268 views

Economy

Punishment of 20 NBR officials waived on President's order

Various punishments imposed on 20 officials of the National Board of Revenue for participating in a past movement have been waived. As the President granted the appeals filed by the officials seeking pardon, these penalties have been revoked.

3 days ago 283 views

Economy

Approval to spend $18,000 per year on foreign travel

Bangladesh Bank has increased the annual limit of foreign currency that Bangladeshi citizens can take for foreign travel by 50 percent. From now on, an adult citizen can take a maximum of 18,000 US dollars or an equivalent amount of foreign currency per year. Earlier, the limit was 12,000 dollars.

3 days ago 274 views

Economy

Solution of 48 of EU's 61 Trade Barriers, Progress Towards Free Trade Agreement

Bangladesh has resolved 48 of the 61 non-tariff trade barriers identified by the European Union. Commerce Minister Khondaker Abdul Mutaqim has said the remaining barriers are also in the process of being resolved quickly.

3 days ago 275 views

Banking Insurance

Interest-free loans up to Tk 10,000: Who will get them

Bangladesh Bank has taken an initiative to launch a new digital system for providing short-term loans of up to Tk 10,000 to meet necessary expenses. The facility, called 'e-Payment Credit', may be launched on Sunday.

3 days ago 322 views

Economy

Initiative taken for solar power project spanning 8,000 acres in Chandpur

Bangladesh Investment Development Authority (BIDA) Chairman Chowdhury Ashik Mahmud Bin Harun has said that an initiative has been taken to implement a large-scale agrivoltaic solar power project on 7,000 to 8,000 acres of land alongside agricultural land for solar power generation in Chandpur.

5 days ago 437 views

Economy

Step by step, the 9th pay scale will be implemented by next July

Commerce Minister Khandaker Abdul Muktadir has said the proposed ninth pay scale for government employees will not be implemented at once but in phases by next July.

5 days ago 609 views

Economy

Islamic Development Bank to Give $1 Billion for Eastern Refinery Modernization

Islamic Development Bank has signed an agreement to finance about $1 billion for the modernization and expansion project of Eastern Refinery.

6 days ago 274 views

Industry

Over four hundred garment factories closed in three years: Commerce Minister

Commerce Minister Khondaker Abdul Muqtadir has said that more than four hundred garment factories have been closed in the country during the three years from July 2023 to June 2026.

6 days ago 434 views

Industry

Government's integrated reform plan to revive leather industry

To bring the leather industry back to global competitiveness, the government is working on an integrated plan to reform the tannery sector, ensure new investment, and establish production systems of international standard.

6 days ago 331 views

Economy

Bangladesh Bank to finance young entrepreneurs up to Tk 20 lakh

Bangladesh Bank is launching a new programme to develop promising young people at the upazila level as entrepreneurs. Each selected entrepreneur will receive financing of up to Tk 20 lakh. Half of this will be bank loan and the other half grant.

6 days ago 440 views

Banking Insurance

Islamic Development Bank wants to stand beside Bangladesh in infrastructure development

The Islamic Development Bank has expressed interest in increasing cooperation in the development of Bangladesh's road, rail and water transport sectors.

6 days ago 308 views

Economy

LPG price reduced, 12 kg cylinder Tk 1,585

Bangladesh Energy Regulatory Commission (BERC) has set new prices for liquefied petroleum gas (LPG) and autogas for the month of September.

1 week ago 607 views

Economy

Price of bottled soybean oil increased, Tk 204 per liter

The government has increased the price of bottled soybean oil by Tk 5 per liter. The new price has been set at Tk 204, which was earlier Tk 199.

1 week ago 343 views

Economy

Gold prices fall again in domestic market

Bangladesh Jewellers Association (BAJUS) has again reduced gold prices in the domestic market. This time, it has been reduced by Tk 4,374 per bhori.

1 week ago 383 views

Economy

Gazette of 9th Pay Scale today or tomorrow

The government has approved the proposed 9th National Pay Scale for government employees. Cabinet Secretary Dr. Nasimul Ghani said the gazette of the new pay structure may be published on Wednesday (2 September) or Thursday (3 September).

1 week ago 593 views

Banking Insurance

18,000 depositors apply on first day at Combined Islamic Bank

Nearly 18,000 customers applied on the first day to get back their deposits from Combined Islamic Bank. A total of about Tk 1,300 crore has been sought back against these applications.

1 week ago 294 views

Economy

Target to register companies in a few hours, RJSC transforming on Singapore model

The government has taken initiatives to reduce delays in company registration and make the entire process online. In line with Singapore, an 'Electronic Business Registration System' is being introduced at the Registrar of Joint Stock Companies and Firms. Once fully operational, entrepreneurs will be able to complete everything from name clearance to registration from home.

1 week ago 297 views

Economy

Groundbreaking of Laldia Container Terminal with Over USD 550 Million Foreign Investment

The foundation stone laying ceremony of the upcoming Laldia Container Terminal, to be built with over USD 550 million in entirely foreign investment, was held to enhance the capacity and modernise Chattogram Port.

1 week ago 419 views

Economy

1.2% error in Family Cards, no political consideration in card distribution: Amir Khosru

Finance and Planning Minister Amir Khosru Mahmud Chowdhury has said that only 1.2 percent error occurred in the pilot project of Family Card distribution. Noting that this error rate is very negligible in Bangladesh's context, he said the pilot project has been successfully implemented. No political consideration or partisan bias was exercised in Family Card distribution, nor will it be in the future.

1 week ago 521 views

Economy

UNDP will strengthen partnership with Bangladesh in facilitating investment and trade

The United Nations Development Programme (UNDP) has expressed interest in strengthening cooperation to attract investment in Bangladesh, facilitate trade and commerce, reduce logistics costs, and enhance the capacity of micro, small and medium enterprises (MSMEs). Besides, the organisation also wants to work on increasing export capacity and developing Bangladesh's skills in international trade negotiations.

1 week ago 335 views

Industry

Maersk interested in investing in Bangladesh's shipbuilding

Maersk Line, one of the world's leading shipping and logistics companies, has expressed interest in direct investment in Bangladesh's shipbuilding industry. In addition, discussions have been held on investment prospects in the ship recycling industry.

1 week ago 410 views

Industry

Matrix Dresses shuts down despite efforts to keep it afloat

Matrix Dresses Limited, a ready-made garment factory in Mirpur's Rupnagar industrial area, has been closed in the face of a prolonged financial and business crisis.

1 week ago 452 views

Banking Insurance

BNP Whip Recommends Swapan Kumar Goswami for Bangladesh Bank Deputy Governor Post

BNP lawmaker and National Parliament Whip Advocate M Ruhul Quddus Talukder Dulu has recommended the appointment or nomination of Bangladesh Bank Director Swapan Kumar Goswami as a deputy governor of the central bank.

1 week ago 446 views

Economy

Bangladesh stresses export diversification to survive global trade

Investment protection agreement with Hong Kong, investment opportunities to increase

Commerce minister meets US ambassador to boost trade and investment

Company law will be updated with businessmen's opinions: Commerce Minister

Country's foreign exchange reserves cross $36 billion

BAPA's 25th Annual General Meeting held at Gulshan Club

Conscious Customers Forum warns of tough movement if board not formed

Punishment of 20 NBR officials waived on President's order

Approval to spend $18,000 per year on foreign travel

Solution of 48 of EU's 61 Trade Barriers, Progress Towards Free Trade Agreement

Interest-free loans up to Tk 10,000: Who will get them

Initiative taken for solar power project spanning 8,000 acres in Chandpur

Step by step, the 9th pay scale will be implemented by next July

Islamic Development Bank to Give $1 Billion for Eastern Refinery Modernization

Over four hundred garment factories closed in three years: Commerce Minister

Government's integrated reform plan to revive leather industry

Bangladesh Bank to finance young entrepreneurs up to Tk 20 lakh

Islamic Development Bank wants to stand beside Bangladesh in infrastructure development

LPG price reduced, 12 kg cylinder Tk 1,585

Price of bottled soybean oil increased, Tk 204 per liter

Gold prices fall again in domestic market

Gazette of 9th Pay Scale today or tomorrow

18,000 depositors apply on first day at Combined Islamic Bank

Target to register companies in a few hours, RJSC transforming on Singapore model

Groundbreaking of Laldia Container Terminal with Over USD 550 Million Foreign Investment

1.2% error in Family Cards, no political consideration in card distribution: Amir Khosru

UNDP will strengthen partnership with Bangladesh in facilitating investment and trade

Maersk interested in investing in Bangladesh's shipbuilding

Matrix Dresses shuts down despite efforts to keep it afloat

BNP Whip Recommends Swapan Kumar Goswami for Bangladesh Bank Deputy Governor Post

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