Corporate

Staff Correspondent: The government yesterday approved separate proposals for procuring some 1.30 lakh metric tons of fertilizer and some 50,000 metric tons of wheat to meet the growing demand of the country.The approvals came from the 22nd meeting of the Cabinet Committee on Government Purchase (CCGP) this year held yesterday…

Industry Desk: Work order inflows for the country’s apparel exporters witnessed slight gain by 3.33% raising fear among the manufacturer to see negative growth in the coming month.According to Bangladesh Garment Manufacturers and Exporters Association (BGMEA), Utilization Declaration (UD) permission taken by the exporters rose by 3.33% to 14,083 during…

Staff Correspondent: Low and middle-income people will get a loan of up to Tk 30 lakh without any collateral to buy a flat in an eco-friendly multi-storied building. Customers can take this loan for flats of a maximum of 750 square feet.Bangladesh Bank’s (BB) Sustainable Finance Department issued a circular…

Savings certificates Industry Desk: The government has made income tax return mandatory for investment more than 5 lakh Taka in the savings certificates and for opening post office savings accounts. It will be effective from this fiscal year.A circular in this regard was issued by the Debt Management Department of…

All central banks in the world raised interest rates to curb inflation Golam Mostafa Jibon: Country’s RMG sector is facing uncertainty again due to global economic turmoil including acute crisis of power and energy centering the Ukraine-Russia war.During the corona pandemic, the world economy including garments sector had fallen in…

Industry Desk: The country’s leather industries, which have been going through their busiest days of the year in processing the hides collected during Eid-ul-Azha, are now feeling the crunch as a result of the load shedding which began last week.Manufacturers, particularly at the Tannery Industrial Estate at Savar, said a…

Industry Desk: The measures taken by the government to overcome economic challenges are not adequate, the Center for Policy Dialogue said yesterday.CPD Executive Director Dr Fahmida Khatun said this at a press conference titled ‘Recent Economic Challenge: How Risky?’ organized by the local think-tank at Dhanmondi in the capital of…

Staff Correspondent: The price of the dollar yesterday increased by at least Tk2.50 in a day and stood at Tk105 in the kerb market, crossing the recent surge in May.Money exchanges in Paltan, Motijheel and Baitul Mokarram areas reported that they had bought dollar at a rate of Tk103 to…

Staff Correspondent: The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is keen to develop broader trade relations with Brazil, the largest economy in Latin America.As a part of this initiative, the apex trade body of the country has signed two Memoranda of Understanding with the Rio de Janeiro…