Business & Economy

Business & Economy

Standard Chartered explores sale of Bangladesh retail banking arm

Standard Chartered has formally announced that it is exploring a sale of its wealth and retail banking operations in Bangladesh. The bank says existing services and jobs are unaffected for now, while corporate and investment banking will remain central to its presence in the country.

Business & Economy

Biman confirms order for 10 Airbus aircraft to expand fleet

Biman Bangladesh Airlines has signed a firm order for four Airbus A350-900 long-haul jets and six A321neo aircraft. The deal diversifies a predominantly Boeing fleet, but deliveries are expected years ahead and the national carrier still faces immediate capacity constraints.

Business & Economy

Government approves $3.3bn hard-term loans for power and fuel

Bangladesh approved $3.3 billion in non-concessional borrowing, including $3.1 billion for fuel oil and LNG imports and $200 million for power-distribution upgrades. The package reflects urgent energy-financing needs.

Business & Economy

Bangladesh signs $277.72m ADB package for housing and hill power

Bangladesh and the Asian Development Bank signed $275 million in concessional loans and a $2.72 million grant for affordable housing finance and electricity infrastructure in the Chattogram Hill Tracts.

Business & Economy

Beximco proposes $23m foreign-backed restart of Gazipur factory

British and Chinese investors are proposing $23 million to restart Prefix Fashions at Beximco Industrial Park under a five-year leasing arrangement. The plan still requires government approval.

Business & Economy

Bangladesh targets more than $10bn in trade with Indonesia

Bangladesh wants bilateral trade with Indonesia to exceed $10 billion, while narrowing a large imbalance. Officials discussed garment, pharmaceutical and agricultural exports and reviving stalled preferential-trade negotiations.

Business & Economy

Bangladesh apparel exports fall less sharply than US market

US apparel imports from Bangladesh fell 4.43% to $5.39 billion in January-August, compared with a 7.42% decline in total US clothing imports. China and India recorded much steeper falls.

Business & Economy

Bangladesh and DP World set for 15-year Chattogram terminal deal

Bangladesh and the UAE are scheduled to sign a 15-year concession for DP World to operate Chattogram Port’s New Mooring Container Terminal. Port workers have threatened action against the handover.

Business & Economy

September inflation rises to 8.34% as food costs increase

Bangladesh’s headline inflation rose to 8.34% in September from 8.26% in August, as food inflation increased to 7.22%. Non-food inflation eased slightly, while rural households faced a somewhat higher overall rate than urban consumers.

Business & Economy

Bangladesh GDP growth rebounds to 4.6% in final FY26 quarter

Bangladesh’s economy expanded 4.60% year on year in the April-June quarter of FY2025-26, up from 2.05% a year earlier. Industry and services drove the rebound, while full-year growth was estimated at 3.68%.