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...

Bangladesh Leading Global Push to Get Transitional Benefits

Bangladesh is leading a global push for getting the LDC-related benefits for the nations that are set to graduate to a developing country status in the coming years. The country is set to co-host an international event on “Supporting Smooth Transition of the...

Golden Days Beckon for Jute

Jute and jute goods put in a solid shift in the overseas market in fiscal 2017-18, crossing the $1 billion mark in receipts after five years, much to the cheer of the government as it endeavours to lower dependency on garment. Last fiscal year, the sector brought home...

ADP Spend Far Away from Target

Ministries and divisions face an uphill task in June as they will have to spend about one-third of the development budget in one month to reach the government’s ambitious ADP target. In the first 11 months of the outgoing fiscal year, they together spent Tk...

Disquieting Trend in Job Market

Some 8.5 lakh women lost jobs in the industrial sector between 2013 and 2016-17 — a development that the Centre for Policy Dialogue has termed ‘truly disquieting’. It appears that many jobs were displaced for adoption of technology by factories after...

Foreign Loans Getting Costlier: BIBM

Increasing LIBOR rate and the appreciation of the greenback against the taka are putting pressure on Bangladeshi businesses that borrowed from foreign sources to meet their needs, according to a report of the Bangladesh Institute of Bank Management. If these pressures...

Quest for a Cashless Society Continues

Electronic or digital payments have been growing steadily in Bangladesh for the last several years, thus helping the country to boost revenue collection and reduce currency printing costs. A total of 180 crore transactions worth nearly Tk 23 lakh crore, which is six...

Economy to Stay Strong

The Global Economic Prospects, a flagship report of the World Bank Group, said activity in Bangladesh would grow at an average of 6.7 percent a year over fiscals 2018-2020, benefiting from strong domestic demand and strengthening exports. “Low interest rates and...