Bangladesh's apparel manufacturers are increasingly worried about their survival as an acute gas shortage, frequent power outages, weakening demand from the European Union (EU), and persistent price pressure from buyers continue to erode their competitiveness and squeeze profit margins. Industry l

Pubali Bank is set to acquire a five-star hotel, being constructed by Bengal Group in the capital, for Tk 8.0 billion as it plans to establish its new corporate headquarters there. The decision was disclosed through a price-sensitive information (PSI) notice approved by the bank's board of directo

The government plans to procure two more floating storage and regasification units (FSRUs) to expand liquefied natural gas (LNG)-import capacity under efforts to ease energy crunch, says Prime Minister Tarique Rahman. And a decision to this effect is expected within next month, he told business le

Textile manufacturer Zaber & Zubair Fabrics Ltd has developed a new dyeing technique that helps cut processing time by 85 per cent while significantly reducing water, energy and chemical consumption, as the company moves to produce more sustainable, value-added fabrics for global brands. The compa

The Bangladesh Nationalist Party (BNP) has served a show-cause notice on its lawmaker from Mymensingh-11 (Bhaluka), Fakhr Uddin Ahmed Bacchu, who also serves as convener of Bhaluka Upazila BNP, over allegations of violating party discipline, extortion in industrial areas and other unethical activit

Bangladesh is seeking to deepen bilateral trade relations with Malaysia while narrowing a persistent trade deficit as bilateral commerce continues to expand despite a slowdown in exports. Official data shows Bangladesh exported goods worth $282.55 million to Malaysia in FY25, while its imports fro

Cash incentives for Bangladesh's export-oriented ready-made garment (RMG) manufacturers have been redoubled to 5.0 per cent from 1.5 per cent for resuscitating struggling spinning industry through greater use of locally produced yarns and fabrics.Geographic  The Finance Division issued on Jul

Bangladesh's efforts to diversify its export basket beyond single-item dependence on ready-made garments (RMG) have made little headway over the past five fiscal years.   Even four of the country's five largest non-RMG export sectors are still earning less than they did in the financial