Star Business Report

BRAC Bank suspends cash withdrawal by cardholders abroad  

BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis. 

1w ago

Industrialist and City Group Chairman Fazlur Rahman no more 

Fazlur Rahman, chairman and managing director of City Group, one of the leading commodity importers and processors, is no more.  

1w ago

Pacific Jeans Group to set up $55m garment factory in Adamjee EPZ

Pacific Denimwear Ltd, a unit of Pacific Jeans Group, plans to invest $54.5 million to establish a garment factory in the Adamjee Export Processing Zone (EPZ).

1w ago

Bangladesh gets $540m in third tranche of Japanese loans for airport terminal 

Bangladesh has signed a $540 million loan agreement with Japan for the third terminal of Hazrat Shahjalal International Airport, a cargo terminal, and associated facilities.

1w ago

IMF recommends calibrated monetary tightening, exchange rate flexibility

The International Monetary Fund (IMF) has advised Bangladesh to continue to focus on containing inflation and rebuilding external resilience.

3w ago

27.51 lakh Bangladeshis go below poverty line: IFPRI researcher

The poverty situation in Bangladesh was higher than expected in 2020-21 as the COVID constrained economic activity and reduced incomes. The situation worsened further amid spirals in global food prices in 2022. And the global economic slowdown could push more people into poverty this year.  

3w ago

MJL Bangladesh plans to buy LPG tanker for Tk 350cr

MJL Bangladesh PLC, one of the leading private lubricant marketers, plans to invest $32.5 million, or Tk 350 crore, to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies.

4w ago

Garment factory owners revise minimum wage upwards to Tk 12,500

Garment factory owners have submitted a new proposal on the minimum wage for apparel workers in Bangladesh, revising it upwards to Tk 12,500, according to a source. 

December 25, 2023
December 25, 2023

BRAC Bank suspends cash withdrawal by cardholders abroad  

BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis. 

December 25, 2023
December 25, 2023

Industrialist and City Group Chairman Fazlur Rahman no more 

Fazlur Rahman, chairman and managing director of City Group, one of the leading commodity importers and processors, is no more.  

December 24, 2023
December 24, 2023

Pacific Jeans Group to set up $55m garment factory in Adamjee EPZ

Pacific Denimwear Ltd, a unit of Pacific Jeans Group, plans to invest $54.5 million to establish a garment factory in the Adamjee Export Processing Zone (EPZ).

December 24, 2023
December 24, 2023

Bangladesh gets $540m in third tranche of Japanese loans for airport terminal 

Bangladesh has signed a $540 million loan agreement with Japan for the third terminal of Hazrat Shahjalal International Airport, a cargo terminal, and associated facilities.

December 13, 2023
December 13, 2023

IMF recommends calibrated monetary tightening, exchange rate flexibility

The International Monetary Fund (IMF) has advised Bangladesh to continue to focus on containing inflation and rebuilding external resilience.

December 8, 2023
December 8, 2023

27.51 lakh Bangladeshis go below poverty line: IFPRI researcher

The poverty situation in Bangladesh was higher than expected in 2020-21 as the COVID constrained economic activity and reduced incomes. The situation worsened further amid spirals in global food prices in 2022. And the global economic slowdown could push more people into poverty this year.  

December 5, 2023
December 5, 2023

MJL Bangladesh plans to buy LPG tanker for Tk 350cr

MJL Bangladesh PLC, one of the leading private lubricant marketers, plans to invest $32.5 million, or Tk 350 crore, to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies.

November 7, 2023
November 7, 2023

Garment factory owners revise minimum wage upwards to Tk 12,500

Garment factory owners have submitted a new proposal on the minimum wage for apparel workers in Bangladesh, revising it upwards to Tk 12,500, according to a source. 

November 5, 2023
November 5, 2023

First consignment of imported eggs arrives

The first imported consignment of eggs, which has become a much-talked item in recent months for high prices, entered Bangladesh today. 

October 30, 2023
October 30, 2023

Govt allows potato import

The government has decided to allow import of potato to increase supply and contain the prices of the widely consumed vegetable in the domestic market, according to a statement by the commerce ministry today.

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