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Track Your Competitor's Move
Business Monitor allows you to monitor your competitors' activities, strategies, and market positions.
Stay Ahead of Your Competitors
Gain a competitive advantage by tracking your competitors' activities, strategies, and market positions.
Actionable Insights
identify potential risks and opportunities, adjust their strategy based on changing market conditions
Latest News and Updates
Get access to the latest economic updates and make informed decisions based on real-time insights.
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The recent surge in the US dollar exchange rate, prompted by Bangladesh Bank's introduction of a crawling-peg exchange rate system, is expected to lead to more frequent hikes in gas and power tariffs. This increase in the dollar rate is likely to elevate import costs for petroleum products, coal, and liquefied natural gas (LNG), posing significant challenges for the energy sector.
Industry stakeholders emphasized the urgent need for the country's readymade garment (RMG) sector to address key challenges such as decarbonisation, LDC transition, and the impact of automation.
While the DSEX index saw a gain of approximately 255 points over the last two weeks across 9 working days, it experienced a 112-point drop in the remaining four days till 9th May. During this period, shares of 70 companies surged by 10 to 60 percent, with 22 recording increases of over 20%. Data from the Central Depository Institution CDBL indicates that while 16,285 new BO accounts were opened in 2024 till May 9,
Foreign multinational banks in Bangladesh, with fewer branches but higher profits, contrast sharply with struggling state-run lenders despite wider networks. Political interference, governance issues, and biased lending decisions plague state banks, leading to higher default rates and lower profits.
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While the DSEX index saw a gain of approximately 255 points over the last two weeks across 9 working days, it experienced a 112-point drop in the remaining four days till 9th May. During this period, shares of 70 companies surged by 10 to 60 percent, with 22 recording increases of over 20%. Data from the Central Depository Institution CDBL indicates that while 16,285 new BO accounts were opened in 2024 till May 9,
A leading paint brand in Bangladesh, Bangladesh Ltd, has renewed its Memorandum of Understanding (MoU) with the Faculty of Fine Arts, University of Dhaka, for the "Berger Award for Student of Fine Art, DU" program. The MoU renewal ceremony, held at the Berger Corporate Office, celebrated the extended collaboration for another five years starting in April 2024.
A Memorandum of Understanding (MoU) was signed between Daka Taka (Beijing) International Co. Ltd. and Rangamati Food Products, a subsidiary of Expo Group, at the head office of Rangamati Food Products in Motijheel, Dhaka. The MoU outlines an agreement for the direct purchase of various seasonal fruits including mountain pineapple, jackfruit, guava, mango, and hilsa fish by Daka Taka (Beijing) International Co. Ltd. for processing at Rangamati Food's factory. Additionally, the two companies will collaborate on business expansion and market research activities in their respective countries.
bKash has expanded its "Add Money" service to include American Express (Amex) and CityMaxx cards, enabling customers to effortlessly top up their bKash accounts from any Amex, CityMaxx credit, debit, or prepaid cards issued in Bangladesh. This enhancement provides greater accessibility and convenience for Amex and CityMaxx customers in managing their financial transactions through the bKash platform.
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In the last nine months of the current fiscal year, repayments on interest and principal for foreign debt have surged by 67% compared to the same period last fiscal year, marking a 48% increase in dollar terms. The appreciation of the dollar has intensified pressure on foreign debt repayments, compounded by currency depreciation, which necessitates more money for the same interest payments. To mitigate
The upcoming fiscal year FY25, will witness a significant increase in interest payments, surpassing Tk 1 lakh crore for the first time, owing to extensive borrowing to compensate for high expenditures against dwindling revenue. The FY25 budget allocates Tk 1.13 crore for interest payments, nearly double the Tk 55,664 crore paid in FY20. Interest payments for local borrowing are anticipated to rise by 12
The private sector's short-term foreign debt has seen a steady decline over the past three months leading up to March this year, totaling $11.04 billion in March, down from $11.07 billion in February and $11.25 billion in January, as reported by Bangladesh Bank. This downward trend has persisted since December 2022, attributed to higher interest rates on foreign loans compared to domestic ones.
The United States, through the Department of State Bureau for Population, Refugees, and Migration and USAID, is providing an additional $30.5 million in assistance for Rohingya refugees in Cox's Bazar, Bhasan Char, and the surrounding region. This funding will support healthcare, nutrition, clean water, shelter, and self-reliance initiatives aimed at easing reliance on humanitarian aid.