Economy
Zero margin import facility sought for six essential commodities
Traders made the demand for onion, edible oil, sugar, lentil, chickpeas, dates
Small businesses navigated difficult times in 2023
Small businesses in 2023 faced substantial hardships amidst prevalent inflationary pressure of the country
Business at ICDs dropped in 2023
KDS Logistics Limited managed to retain its position as the top private inland container depot (ICD) in terms of handling export and import cargoes in 2023, a year when business in ICDs saw a year-on-year decline of nearly 11 per cent.
Export, remittance earnings limp along
Export and remittance sectors suffered disappointments in 2023, looking desperately for solutions this year
Agent banking losing steam with banks opening more sub-branches
Sub-branches are the priority for banks now, replacing agent banking in bringing banking services efficiently to people
Clearing Power, Fertiliser Arrears: Govt to issue Tk 26,000cr special bonds
The Finance Division is set to issue special bonds of about Tk 26,000 crore to clear mounting arrears to independent power producers and fertiliser suppliers.
Rising food prices a concern for 71% families in Bangladesh: WB
A WB report states that 71 percent Bangladeshi families are concerned with rising prices of food
$160 million ADB loan to boost Dhaka’s energy supply, distribution
The Dhaka Power System Expansion and Strengthening Project will construct eight substations
A mix of unease and hope as Bangladesh dives into 2024
The Daily Star spoke to top entrepreneurs and executives to know about their 2024 business navigating plans
Work to ensure energy efficiency
Bangladesh is more dependent on imported fuel because of its limited primary energy. Hence, policymakers need to work towards ensuring energy efficiency, said the chief of Bangladesh Independent Power Producers’ Association (BIPPA).
Food wasn't in short supply. But many struggled to feed families
As dawn broke yesterday, Asia Begum prepared again for her daily battle to buy essential goods at subsidised prices in order to save a few bucks and bear other family expenses.
2024 could be a year of growth
Like the outgoing year, 2024 could be a challenging year but it will also offer immense opportunities to Bangladesh’s corporate sector to post growth, said eminent industrialist M Anis Ud Dowla.
Opportunities are there, so are challenges
The global economy seems to remain fragile in 2024 though inflationary pressure might come down despite the continuation of the wars in Europe and the Middle East, said Kanti Kumar Saha, chief executive officer of Alliance Finance PLC.
Reforms must speed up
Bangladesh’s economy might see a boom in the coming years if mega projects such as the Bay Terminal of Chattogram Port, the Matarbari Deep Sea Port and the Dhaka-Chattogram Elevated Expressway are completed on time, said BSRM Chairman Alihussain Akberali.
'Recovery likely after March’
Businesses in Bangladesh will likely start recovering from the ongoing economic downturn after March 2024 if the inflationary pressure and US dollar crisis in the country are resolved.
Bring back missing $12b in export proceeds
The government should take steps to bring back the $12 billion in export earnings that went missing from the overall export proceeds of fiscal 2022-23, according to a noted economist.
BB gives 7 banks Tk 22,000cr in emergency funds
The central bank has extended a total of Tk 22,000 crore in emergency funds to seven beleaguered banks including five Islamic banks to dress up their balance sheet ahead of the year’s end.
Tribute to a real entrepreneur
The recent passing of Mr Fazlur Rahman, the founder of City Group, has left a profound void in the hearts of many who are mourning the loss of an iconic entrepreneur and industrialist.
