Insurers’ Premium Income Goes Up

The insurance sector’s income growth from premium hit an eight-year high last year thanks to heightened efforts by insurers to revive lapsed insurance policies. The insurance premium is the upfront cost of obtaining insurance coverage over a defined period. It...

Organic Push Earns Global Praise

Bangladesh is fast forging its way to be a hub of organic textile manufacturing amid a rise in demand from international apparel retailers. In the country, the number of globally recognized textile factories, which use organic raw materials, rose 29 percent last year,...

BD Received $28b Foreign Investments in Five Years

Bangladesh received more than $28 billion in investment from 45 countries in the last five years with China investing the highest amount of $8107 million. Foreign Minister Dr AK Abdul Momen revealed this in parliament in reply to a question from Awami League MP Md...

BD Youth Jobless Rate Rises by 6.4% Points: ILO

The rate of youth unemployment in Bangladesh remained one of ‘the most worsening’ situation among the countries in the Asia-Pacific region. The country’s overall unemployment rate rose by 1.0 percentage point in 2017, according to International Labor...

Infrastructure, HR Major Hurdles to Desired Growth

Inadequate infrastructure, energy insecurity and traffic mismanagement have been identified as some of the major hurdles to achieving desired investment and economic growth in the country. Business leaders and policymakers pointed out the barriers at the first plenary...

Koreans Keen on Bangladesh’s Infrastructure

South Korean companies are keen to invest in Bangladesh, particularly in the energy, engineering, infrastructure, food-processing, and electronic sectors, said a top official of the Korea Trade-Investment Promotion Agency. “Big Korean companies are interested to...

Oil Import Bill to Soar This Year

The government’s oil import bill is set to jump 36 percent this fiscal year thanks to the appreciation of the dollar and an increase in global oil prices — a development that can lead to a hike in oil prices in the local market, officials said. In fiscal...

Bangladesh’s Journey Through the Cloud

Being one of the biggest computing trends that impact major business sectors across the globe, the cloud has run its roots deep into business processes, bringing a new face to how organisations operate and people work in the modern era. It has changed how we behave...

Bangladeshi Factories Among the Safest

Western buyers are ready to place more work orders in Bangladesh because of the vast improvements in workplace safety in the country’s garment sector, said a top executive of an American apparel brand. Over the last five years, Bangladesh’s garment...