Business & Economy

Business & Economy

Cox’s Bazar hotels fill for Puja as safety inspections intensify

Cox’s Bazar hotel operators reported around 90% of rooms booked during the Puja holidays, with many town hotels busy through 23 October. Officials intensified accommodation inspections after the 17 October resort fire that killed 10 people. Demand was uneven, with some Marine Drive resorts seeing weaker later bookings.

Business & Economy

Titumir prioritises bank reform and revenue without higher tax rates

Prime minister’s adviser Rashed Al Mahmud Titumir says the government wants stronger revenue collection without higher tax rates, alongside bank reform and social protection. Speaking in Rajbari on 21 October, he linked weak private investment and higher energy costs to pressure on employment and household finances.

Business & Economy

Islamic banking jobs fall 6% as standalone lenders lose deposits

Bangladesh’s Islamic banking workforce fell 6% to 44,782 in the year to August. Overall Islamic deposits grew 2.78%, but deposits at standalone Islamic banks fell 1.69%. Conventional banks’ Islamic branches and windows recorded strong growth, showing sharply different results within the same sector.

Business & Economy

Bangladesh and Uzbekistan discuss possible free-trade agreement in Baghdad

Bangladesh and Uzbekistan discussed a possible free-trade agreement in Baghdad on 18 October. State Minister Humaiun Kobir met Uzbek Deputy Foreign Minister Aloyev Bakhromjon Juraboyevich on the sidelines of the OIC meeting. Their talks also covered investment, air links, tourism and cooperation in multilateral forums.

Business & Economy

Prior-approval requirement suspended for boiler imports, central bank tells banks

Bangladesh Bank has told authorised dealer banks to follow the decision suspending prior approval for boiler imports. The 18 October circular cites difficulties obtaining manufacturers’ drawings before purchase orders. The suspension concerns this approval step under the Boiler Rules 2025.

Business & Economy

Japanese investors outline $1.2 billion tourism plan for Bangladesh

A Japanese business delegation has outlined an initial $1.2 billion tourism and hospitality investment plan, Bangladesh’s tourism ministry said after an 18 October meeting. The government will consider formal proposals, while the Bangladesh Tourism Board is expected to help arrange visits to potential project sites.

Business & Economy

Grameen Kalyan wins temporary stay on Tk666 crore recovery

The Supreme Court’s chamber judge stayed directions to recover Tk666 crore in tax arrears from Grameen Kalyan on 18 October. Leave-to-appeal petitions are due before the regular Appellate Division on 13 December. The interim order does not cancel the tax liability or settle the underlying dispute.

Business & Economy

Cabinet backs rooftop-solar rules for 3,000–4,000MW expansion

The cabinet has approved a draft ordinance to accelerate rooftop solar installations, supporting a target of 3,000–4,000MW before next summer. It would clarify investment arrangements, electricity pricing, rooftop rent and maintenance. The proposal remains subject to legal vetting, with private investors and revenue-earning institutions expected to finance projects.

Business & Economy

Less than a fifth of Tk60,000 crore stimulus paid

Banks disbursed Tk11,959.82 crore from a Tk60,000 crore stimulus package by 15 October, Bangladesh Bank figures released on 18 October show. Another Tk2,559.97 crore was pending. Actual payments represented about 19.9 per cent of the package; the larger combined total includes money borrowers had not yet received.

Business & Economy

PPRC book highlights 31 million people’s vulnerability to poverty

About 31 million people in Bangladesh were vulnerable to falling into poverty, according to survey findings highlighted at the launch of a Power and Participation Research Centre book in Dhaka on Saturday. The publication, State of