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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
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Get access to the latest economic updates and make informed decisions based on real-time insights.
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The governments of Bangladesh and Japan have signed an "Exchange of Notes" and a "Loan Agreement" for the 7th tranche of the Matarbari Ultra Super Critical Coal-fired Power Project. Under the 44th Japanese ODA Loan Package, Japan will provide financial support of approximately $1,500 million for the project.
Despite a 65% reduction in shipbreaking activities, Bangladesh remains the top ship recycling nation, accounting for over one-third of global ship recycling, according to the United Nations Conference on Trade and Development (UNCTAD).
State-owned telecommunications company Teletalk in Bangladesh has experienced a consistent decline in active mobile connections from September 2022 to August 2023, in contrast to other private mobile operators in the country. In August 2023, the total number of active mobile connections in Bangladesh reached 18.86 crore,
The chairman of the Bangladesh Securities and Exchange Commission (BSEC) has encouraged investors to consider increasing their investments in the country's capital market. He believes that the current political situation is stable, presenting an opportune moment for intelligent investors to allocate more capital to the market. The anticipation is
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State-owned telecommunications company Teletalk in Bangladesh has experienced a consistent decline in active mobile connections from September 2022 to August 2023, in contrast to other private mobile operators in the country. In August 2023, the total number of active mobile connections in Bangladesh reached 18.86 crore,
Apex Footwear Limited, one of Bangladesh's leading shoemakers and exporters, achieved record sales in the fiscal year 2022–23. The company's sales increased by 27%, reaching Tk1,653.59 crore, with a profit of Tk16.71 crore, a 21% increase. Factors contributing to this success included the presence of three major Eid festivals during the fiscal year.
In an effort to promote safe and efficient remittance transactions through legitimate banking channels, IFIC Bank conducted a series of remittance roadshows at four locations in New York, USA. These roadshows were held in Queens, Jamaica, Bronx, and Brooklyn, spanning from September 24 to September 28, as per a press release.
LafargeHolcim Bangladesh Limited (LHBL), a prominent provider of building material solutions, has recently launched a significant initiative titled "Rain Water Harvesting for Safe Drinking Water for the Community" near its Chhatak plant in Sunamganj.
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The government has decided to allow trade unions in factories located within the country's economic zones, a move influenced by international pressure from the United States, the European Union, and the International Labour Organisation (ILO).
The Asian Infrastructure Investment Bank (AIIB) has approved loans of $4.62 billion for Bangladesh, but the government is cautious due to repayment concerns amid a dollar crisis. Bangladesh is seeking $910 million in loans in the current fiscal year 2023-2024, with $510 million for electricity transmission lines and $400 million as budgetary support.
Bangladesh Bank has announced that banks will deduct a 10% tax at source from inward remittances related to services and revenue sharing. The circular was issued by the Foreign Exchange Policy Department of Bangladesh Bank in response to a request from the tax authority, citing the new income tax law in effect.
The new Income Tax Law-2023 has granted tax officials the authority to disclose information about undeclared assets and income of tax evaders identified through investigations or inspections in the current financial year. This provision is aimed at enhancing tax collection efforts by publicly shaming tax evaders as a deterrent.