Factories flattened under unprecedented pressure
Factories flattened under unprecedented pressure

With Eid approaching, business owners find themselves under immense financial pressure, struggling to balance wages and bonuses amid declining economic conditions. Factory owners, particularly in the garment industry, are finding it increasingly difficult to manage wage payments for February and...

Bangladeshi expat shot dead in South Africa
Bangladeshi expat shot dead in South Africa

A Bangladeshi businessman was shot dead by armed robbers in South Africa on Thursday night (Bangladesh time). The incident took place around 9pm in Vepener, a town in South Africas Free State Province. The victim was identified as Kamrul Islam, 33, son of the late Abdul Mannan Miah of Ozi...

Robberies in jewellery stores: Bajus demands urgent security measures
Robberies in jewellery stores: Bajus demands urgent security measures

In recent months, the incidents of theft, robbery, snatching and direct attacks on jewellery businesses and killings have surged across the country, prompting Bangladesh Jewellers Association (Bajus) to seek urgent security measures, reports UNB. In light of these growing concerns, jewellery...

From 7.24% to 11.89%: Businesses alarmed by sharp rise in loan rates
From 7.24% to 11.89%: Businesses alarmed by sharp rise in loan rates

Over the past two years, the average interest rate on loans in the country has surged by nearly 5 percentage points, raising serious concerns among entrepreneurs and business owners. The rising cost of borrowing is significantly impacting business expansion and investment decisions, with many...

Instability hinders business, Eid sales expected to decline
Instability hinders business, Eid sales expected to decline

Due to overall instability in the country, business activities have not picked up pace. Seven months after the fascist Sheikh Hasinas regime fell, the law and order situation has not normalized, and the political climate is still unstable. The country is grappling with an economic crisis, and...

HC issues 9 directives for online business platforms
HC issues 9 directives for online business platforms

The High Court (HC) on Monday issued nine directives for online business platforms to conduct their operations in the country, reports BSS. A High Court division bench of Justice Mostafa Zaman Islam and Justice SM Masud Hossain Dolon passed the order, disposing of a rule issued over the...

Businesses overwhelmed by alarming challenges
Businesses overwhelmed by alarming challenges

Businesses in the country have not seen stability for a long period. Setting up new industries has become even more challenging due to rising loan interest rates, liquidity shortages in banks, high dollar prices, and disruptions in the consistent supply of gas and electricity. Moreover, load...

World’s lighthouse Prof Yunus
World’s lighthouse Prof Yunus

Even before Prof Muhammad Yunus became the chief adviser to the interim government, he became famous across the globe as a Nobel laureate Bangladeshi. He is the only global celebrity born in Bangladesh. The greatest quality of the multifaceted genius who is still full of youthful vigor is that he...

Worries and concerns mount for industrialists
Worries and concerns mount for industrialists

Industrialists in the country have remained concerned even seven months after the fall of the fascist government following a massive uprising. Throughout the last few years, the high dollar exchange rate against the local currency has driven up the cost of raw material imports while industrial...

DCCI, Dubai Chambers ink MoU to boost bilateral trade
DCCI, Dubai Chambers ink MoU to boost bilateral trade

In a bid to expand bilateral trade and investment, the Dhaka Chamber of Commerce Industry (DCCI) and Dubai Chambers have signed a Memorandum of Understanding (MoU). The MoU was formalised during the Dubai-Bangladesh Business Briefing, held at the Dubai Chambers Auditorium on Wednesday. The MoU...

Most Japanese companies see Trump as bad for business: Reuters survey
Most Japanese companies see Trump as bad for business: Reuters survey

Almost nine out of 10 Japanese companies expect U.S. President Donald Trumps policies to negatively affect business, a Reuters survey showed on Thursday, the clearest sign yet of mounting worry in the United States top foreign direct investor. The results of the survey show how the prospect of...

New default loan policy to jeopardise businesses
New default loan policy to jeopardise businesses

Bangladeshs defaulted loans are expected to exceed Tk 5 lakh crore, surpassing 30 per cent of total disbursed loans, if new regulations take effect in March. Businesspeople are urging the authorities to defer the implementation of the new default regulations by at least a year. According to the...

Businesses grappling with multiple challenges
Businesses grappling with multiple challenges

Efforts to restore business confidence and revitalise trade and investment remain incomplete, even after six months of the interim government. Industry insiders said that they are grappling with multiple challenges including LC delays, currency fluctuations, high loan interest rates, VAT-related...

Bangladesh, Egypt agree to establish business forum
Bangladesh, Egypt agree to establish business forum

Bangladesh and Egypt have agreed to establish a business forum for enhancing trade and commerce ties by facilitating greater private-sector engagement between the two countries. This was decided during the second bilateral Foreign Office Consultations (FOC) between Bangladesh and Egypt held at...

Govt has no measures to bring relief to business sector: CPD
Govt has no measures to bring relief to business sector: CPD

Despite the interim government completing six months in power, there have been no apparent measures to bring relief to the public or the business sector, said Dr Fahmida Khatun, executive director of the Center for Policy Dialogue (CPD). She made the remark during a media briefing on Bangladesh...

High interest rates deepen trouble for businesses and employment
High interest rates deepen trouble for businesses and employment

The surge in inflation is eroding household incomes and employment opportunities, driven largely by rising bank loan interest rates and reduced production. While depositors may benefit from higher interest rates, the banking sector and businesses face significant challenges. Banks are struggling...

Business owners push to close businesses due to rising costs
Business owners push to close businesses due to rising costs

Business owners are dealing with the burden of higher operating costs. High inflation and reduced purchasing power have caused a decline in the sales of goods and services, creating conflicting challenges for them. As a result, they are not inclined to make new investments. Instead, they are...

Britain’s treasury chief on China visit to revive businesses
Britain’s treasury chief on China visit to revive businesses

Britains treasury chief kicked off a visit to China on Saturday aimed at boosting economic and financial cooperation between the countries, as the UKs Labour government seeks to reset strained ties with Beijing. British finance minister Rachel Reeves, who is traveling with a delegation of...

Algerian businessmen to invest in Bangladesh: Envoy
Algerian businessmen to invest in Bangladesh: Envoy

Algerian entrepreneurs are keen to invest in Bangladesh in order to strengthen economic ties. Algerian Ambassador in Dhaka Adelouahab Saidani made the remarks when he called on Commerce Adviser Sk Bashir Uddin at his secretariat office in the city. Saidani said there is a market for all...

Small businesses concerned over potential TikTok ban
Small businesses concerned over potential TikTok ban

The possible TikTok ban has sparked concerns for millions of small businesses that use the platform for growth and marketing. Desiree Hill, owner of Crowns Corner Mechanic in Conyers, Georgia, started her journey as a mobile mechanic. TikTok videos showcasing her work quickly gained attention,...