Business-Economy

RMG exporters struggle as rise in ‘open costing’ by buyers cuts profits

Staff Correspondent: Bangladesh’s RMG exporters are seeing profits shrink as buyers increasingly control pricing through open costing, which has grown from 10% to 60% of total exports over the last

Adani fully restores power supply to Bangladesh as payments resume

Staff Correspondent: Adani Power Ltd has resumed full electricity supply to Bangladesh, four months after halving the feed over unpaid dues. “We’re making regular payments to Adani and receiving power

Eid salami to cost more this year as Cenbank withholds new notes

Staff Correspondent: Eid Salami, the cherished cash gift from loved ones, is one of the many joys Eid brings into our lives. However, this year, the cost of Salami has

Passengers being overcharged Tk832.30 crore on public transport during this Eid

Staff Correspondent: A staggering Tk832.30 crore is being overcharged as “Eid tips” or extra fares this Eid-ul-fitr, according to a report by the Bangladesh Passenger Welfare Association. Approximately 22.74 crore

Is $1.4b WB-ADB budget support uncertain as IMF delays loan?

Staff Correspondent: Bangladesh’s hopes of securing $1.4 billion in budget support from the World Bank and the Asian Development Bank (ADB) by June are now uncertain due to the International

29,233 vehicles cross Jamuna Bridge in 24hrs, 2.57C toll collected

Staff Correspondent: As the Eid journey continues, traffic pressure on the Dhaka-Tangail-Jamuna Bridge highway increased; however, vehicles maintained a normal pace, and over the last 24 hours, 29,233 vehicles crossed