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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.






Industry Intelligence
Latest Industry News
After hitting an all-time high of Tk 280-290 a kg on March 20, the price of broiler chicken has dropped significantly in the last four days, marking a decline of Tk 80-90 per kg in the city markets of Bangladesh. On 28th March, 2023 the price stood at Tk 200-210 a kg, which is Tk 40-50 less than the previous day.
A recent study by the Centre for Policy Dialogue (CPD) has found that the average monthly food expenses for a four-member household in Dhaka have increased by up to 51% over the past four years due to high inflation. The study also revealed that even if a family refrains from eating meat or fish for a month, they would still have to spend at least Tk 7,131 on food as of February 2023, up 51% from February 2019. If they include meat and fish, they would have to spend around Tk 22,664, up 44% from four years ago.
Akij Bashir Group, one of Bangladesh's leading business conglomerates, is entering the country's growing paint market by establishing a manufacturing plant at Akij Economic Zone in Trishal of Mymensingh. Currently, multinational companies hold around 85% of the paint market share in Bangladesh, leaving little room for local manufacturers. The group aims to produce a variety of paints, including household, decorative, and industrial paints, focusing on quality, innovation, and variation.
Mitsubishi Power, a Mitsubishi Heavy Industries, Ltd (MHI) power solution brand, has earned a seven-year full-turnkey Long Term Service Agreement (LTSA) contract for the Bibiyana-III Combined Cycle Power Station. Mitsubishi Power, which supplied the M701F gas turbine for the power plant, has established a collaboration with the Bangladesh Power Development Board (BPDB) to offer maintenance and inspection services for the project's gas turbine and related power production equipment.
Company Intelligence
Latest Company News
Akij Bashir Group, one of Bangladesh's leading business conglomerates, is entering the country's growing paint market by establishing a manufacturing plant at Akij Economic Zone in Trishal of Mymensingh. Currently, multinational companies hold around 85% of the paint market share in Bangladesh, leaving little room for local manufacturers. The group aims to produce a variety of paints, including household, decorative, and industrial paints, focusing on quality, innovation, and variation.
Promixco Limited, a well-known manufacturer of medical equipment in the nation, and Andhra Pradesh MedTech Zone (AMTZ), an organization in India, have inked an agreement to make it easier to develop cutting-edge, affordable medical equipment. Although Promixco is building an incubation center in Bangladesh to give students and researchers cutting-edge resources to learn about cutting-edge innovations, AMTZ is India's first manufacturing hub for medical devices.
Eastern Bank Ltd (EBL) and Abu Dhabi Commercial Bank (ADCB) have signed a Master Forfaiting Agreement with ADCB and successfully completed a pilot forfaiting transaction, under "the Uniform Rules for Forfaiting (ICC Publication no. 800)", recently. In the pilot transaction, ADCB purchased an export LC risk under the forfaiting agreement with Eastern Bank and provided immediate cash on a without recourse basis while Eastern Bank handled all the documents under the LC for the exporter.
The Securities and Exchange Commission has decided to bring money laundering charges against the managing director of the scam-hit Universal Financial Solutions (UFS) and his collaborators for stealing Tk 2.35 billion from four open-end mutual funds. UFS Popular Life Unit Fund, UFS-Padma Life Islamic Unit Fund, UFS-IBBL Shariah Unit Fund, and UFS-Bank Asia Unit Fund are the unit funds involved in the misappropriation.
Company Intelligence
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Economic Intelligence
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Latest Economy News
Remittance inflow reached $1598 million (around $1.6 billion) in the first 24 days of the current March, which is $36 million more than it did for the entire month of February, according to the most recent information from Bangladesh Bank (BB). The total amount of remittances in February of this year was $1561 million. Nonetheless, since the start of the current fiscal year, remittances have totaled $15.6 billion as of 24 March.
The amount of foreign currency held by the country's commercial banks increased to a 14-month high in February as a result of increased remittance and export profits as well as import restrictions. From $4,849.28 million in January, the gross foreign currency balance with banks increased to $5,240 million in February. According to data from Bangladesh Bank (BB), the gross holding of foreign exchange by banks climbed for four straight months, reaching $4,708 million in December, $4,708 million in November, and $4,505 million in October.
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has requested US policymakers and a diplomat to persuade the United States government to give duty-free market access to Bangladeshi apparel products made of US cotton. The BGMEA president made the request through separate letters to US senator Ted Cruz, Texas State governor Greg Abbott and US Ambassador to Bangladesh Peter Haas.
In the first eight months (July-February) of the current fiscal year, Bangladesh saw a dramatic fall in foreign loan commitments and disbursements for development projects, which might further deplete the country's foreign exchange reserves. Data from the Economic Relations Division (ERD) show that foreign aid commitments decreased by 63.19% to $1.78 billion in the period of July to February, from $4.84 billion in the same period of the previous fiscal year.