Business & Economy

Business & Economy

Bangladesh targets $10bn of exports to the UK

Export officials say doubling Bangladesh’s share of UK imports to 1 per cent could lift annual shipments to $10bn. The opportunity depends on non-garment sectors meeting British standards and using post-LDC trade preferences effectively.

Business & Economy

NBR alleges Tk85 crore bonded-warehouse revenue evasion

Customs investigators say a Narayanganj company used duty-free bonded imports while showing exports on paper despite little evidence of production. A report alleging Tk85.21 crore of lost revenue has been sent for legal action.

Business & Economy

BSTI plans Tk850 crore laboratory expansion

Bangladesh’s standards agency plans a 13-storey centre containing 63 laboratories, plus new facilities in 10 districts. The programme aims to strengthen product testing and preserve international recognition as the country leaves LDC status.

Business & Economy

Government approves LNG and fertiliser import packages

Cabinet committees have approved nine LNG cargoes from Trafigura and 237,000 tonnes of fertiliser from suppliers in four countries. The purchases aim to protect gas supply and farm inputs but add exposure to volatile global prices.

Business & Economy

Gold jewellery prices fall by Tk3,266 per bhori

BAJUS has reduced the VAT-inclusive price of 22-carat gold jewellery to Tk228,031 per bhori, effective from 10am on 13 October. Other gold grades also became cheaper. Making charges remain separate, so the listed gold rate is not necessarily the final jewellery bill.

Business & Economy

Olympic Industries approves another land purchase in Narayanganj

Olympic Industries has approved buying 32.87 decimals of land in Narayanganj for about Tk1.15 crore, plus registration costs. The purchase is intended to support future expansion. It follows another recent land-buying decision, while the company’s latest annual revenue rose and profit eased.

Business & Economy

Bank deposits rise faster than private lending, government report shows

Bank deposits grew 12% year on year in August, while private-sector credit expanded only 4.75%, according to a government economic report. Public borrowing rose much faster. The assessment links weak business lending to high financing costs, credit risk and subdued confidence.

Business & Economy

Dhaka shares edge higher after two sessions of losses

The DSEX gained about four points to close near 5,409 on 13 October, ending two losing sessions. Trading remained subdued and the recovery was uneven: the blue-chip and Shariah indices declined. The small benchmark rise offers a mixed picture of the day’s market.

Business & Economy

BSEC tightens compliance over listed companies’ cash-dividend accounts

BSEC has decided to enforce stronger compliance with rules requiring declared cash dividends to be held in separate bank accounts. Companies must provide bank certificates before relevant AGM proposals. The regulator says some firms have failed to follow existing requirements and could face action.

Business & Economy

Bangladesh seeks extra $10bn from World Bank, with talks unfinished

Bangladesh is discussing an additional $10 billion in World Bank assistance, but no agreement has been reached. Finance Minister Amir Khosru Mahmud Chowdhury says the process could take several months. A written partnership proposal is under discussion alongside Bangladesh’s economic-stabilisation priorities.