Newage Group News Today

Businesses in Bangladesh will face challenges in managing the impacts of higher inflation and exchange rate in 2024 as well while the cost of production and operation may increase amid the rising bank interest, several business and corporate leaders warn.

Nearly 70 percent of businesses in Bangladesh have been impacted due to price increases of raw materials and weak consumers demand, which are primarily attributed to the ongoing Russia-Ukraine war.

Dhaka Bank and Newage Group recently signed an agreement on payroll services, financial products from profit bearing accounts, loans and credit cards. 

The Citizen’s Platform for SDGs Bangladesh in partnership with UNDP-UNEP Poverty-Environment Action organised a day-long conference titled “SDGs and Youth in Bangladesh: Present Perspectives and Future Outlook” on September 1, 2022. Here we publish a summary of the discussion.

RMG export: Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen. 

Bangladesh's exports to South Asian nations reached a new high in the last fiscal year of 2021-22 for having grown steadily over the past three years, according to Export Promotion Bureau (EPB).

The government should take adequate measures to make it easier for businesses to operate, said a noted entrepreneur.

National Budget 2022-23: Austerity and generosity may not go hand in hand, but Finance Minister AHM Mustafa Kamal faces a situation where he has to apply both when he unveils the budget for the next fiscal year today.

A commodity exchange is needed for Bangladesh as it will ensure fair prices for both producers and consumers, said Asif Ibrahim, chairman of the Chittagong Stock Exchange (CSE), as it is set to appoint a consultant to establish the market.