Economy

Increased automation cuts 30pc RMG jobs

Shawdesh desk: Automation in the readymade garment sector has resulted in a 30.58 per cent reduction in workers across production processes, with helpers bearing the brunt of the impact. According

RMG exports to India, Japan to face high duty

Shawdesh desk: Bangladesh’s readymade garment exports to non-traditional markets, especially India and Japan, would face significant challenges after the country’s graduation from Least Developed Country status in 2026, leading to

Businesses’ influence on market too strong: Salehuddin

Shawdesh desk: Finance adviser Salehuddin Ahmed on Wednesday said that the country’s businesses were very strong in terms of maintaining a marketing system which was almost impossible to break for

Bangladesh Bank drafting separate rules for Islamic banking

Shawdesh desk: Bangladesh Bank is drafting separate rules to regulate the Islamic banking system in the country, a move that has stirred mixed reactions among bankers and analysts. An executive

Tk 14,000 set as minimum wage for cold storage workers

Shawdesh Desk: The government has announced a long-awaited wage hike for cold storage workers after 12 years, raising the minimum monthly pay to Tk 14,000. The last review of minimum

Bangladesh seeks Chinese investment in tourism sectors

Shawdesh desk: Bangladesh on Tuesday called on China to invest in its rapidly growing tourism sector at the China-Bangladesh Tourism Promotion Conference held on December 10, 2024, at the Bangladesh

RMG exports to US surge in Oct

Shawdesh Desk: Bangladesh’s readymade garment exports to the United States in October 2024 recorded the highest growth marking a 25-per cent increase in quantity and a 26-per cent rise in

1/11 govt seized Tk1,232cr from 40 individuals, organisations

Shawdesh desk: During the caretaker government period, businesses and individuals were unlawfully forced to pay Tk1,232 crore, which remains frozen in Bangladesh Bank. Despite seeking redress from the country’s higher