Business-Economy

9 factories of S Alam Group shut down

TDS Desk: Nine factories owned by the Chattogram-based industrial conglomerate S Alam Group have been shut down indefinitely, effective from Wednesday. Confirming the news, the group’s official M Hossain Rana

Forex market stabilises after remittance dollar rate capped

TDS Desk: The country’s foreign exchange market was largely stable Wednesday as all the bankers decided to follow the central bank’s directive on fixing Tk123 as the maximum remittance dollar

Bangladesh garment exports to EU grew 34% in Oct: Eurostat

TDS Desk: The exports of Bangladeshi garment products to the European Union (EU) saw a significant increase of 34% in October compared to the same month last year, according to

Inflation overshadows Bangladesh’s economic stride in 2024

TDS Desk: Bangladesh’s economy in 2024 faced major challenges, as rampant inflation not only eroded purchasing power but also overshadowed the country’s progress in other areas, underscoring the growing struggle

Banks decide not to pay over Tk 123 for US dollar

Staff Correspondent The Bangladeshi banks have decided not to pay more than Tk 123 to buy US dollar from remittance. The central bank has also directed the banks to this

10 Banks in Crisis, culprits remain out of reach

TDS Desk The banking sector in Bangladesh is grappling with severe turmoil, plagued by a series of irregularities, including loan scams, defaults, and currency laundering. Among the institutions most affected,