Bangladesh's ready-made garment (RMG) export to the United Kingdom has witnessed double-digit year-on-year negative growth during the first quarter of the current calendar year of 2024. It fetched £616.38 million from RMG exports to the UK during January-March 2024, which was £806.88 m
Container ship operator Sea Consortium Bangladesh Ltd has paid Tk 4.78 million as a fine to secure the release of three of its vessels from Chittagong port. The fine was imposed for alleged violations of the Bangladesh Flag Vessels (Protection) Act 2019, according to sources. However, Sea Consorti
The government has extended the execution deadline of the Padma Bridge railway link project with a substantial allocation of Tk 35.44 billion in the next development budget, officials said on Saturday. As the Bangladesh Railway (BR) failed to construct the 172-km railway line, a 'fast-track' mega
Consumers are unlikely to get relief from the rising prices of rice as traders having government permit couldn't make import of the staple although the timelines all expired last week. The food ministry in March and April permitted 80 importers to bring 0.08 and 0.204 million tonnes of rice respec
A confluence of factors -- dragging on inflation, a dollar shortage and rising utility prices -- had already punctured the country's manufacturing spirit. The recent record surge in the dollar, jumping Tk 7 in a single day, has only compounded these difficulties for manufacturers who rely heavily o
US White House National Security Advisor Jake Sullivan speaks during a press briefing at the White House in Washington, US, April 24, 2024. Reuters/Elizabeth Frantz White House National Security Adviser Jake Sullivan will visit Saudi Arabia this weekend for talks expected to touch on a civil nucle
Liberal Democratic Party (LDP) President Oli Ahmed on Saturday voiced concern over the country’s “deteriorating” economic condition, saying that Bangladesh's financial sector has now entered the red zone. Speaking at a press conference at his party’s Moghbazar office, he al
Israeli troops and tanks pushed on Saturday into parts of a congested northern Gaza Strip district that they had previously skirted in the more than seven-month-old war, killing and wounding dozens of Palestinians, medics and residents said. Israel’s forces also took over some ground in Rafa
Rail stations will be built in every district of Bangladesh under the leadership of Prime Minister Sheikh Hasina to realise Bangabandhu’s dream, Railway Minister Zillul Hakim said on Saturday. All stations and lines will be renovated to facilitate connectivity in the public i
A Russian court has ordered that Deutsche Bank’s (DBKGn.DE) and Commerzbank’s (CBKG.DE) assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed. The banks were among the guarantor lenders under a contract for the
Former Joint Secretary General of Hefazat-e-Islam Mamunul Haque visited the Detective Branch (DB) office on Minto Road in Dhaka city on Saturday in what he said was to get back his phone, which was seized as case evidence during his arrest in 2021. Mamunul arrived around 6pm to meet with Additiona
Chairman of NCC Bank Md Abul Bashar inaugurated its 31st anniversary programmes by cutting a cake and announced to launch Internet Banking App “NCC Always” and Customer Self Service (CSS) Portal for its customers. Vice-Chairman Sohela Hossain; Director & Past Chairman Md Abdul Awal; Di
