Tag: Press Release

28 news articles tagged with "Press Release"

Tech & Innovation ★ Editor's Pick Jul 25, 2026

PM Tarique Targets Semiconductor as Bangladesh's Next Growth Engine After RMG

Prime Minister Tarique Rahman inaugurated the National Semiconductor Symposium and BEAR Summit 2026 at Novo Theatre, Dhaka, declaring semiconductors as Bangladesh's next major growth engine after RMG and unveiling tax waivers, cash incentives, and Tk 5 crore in annual startup grants.

Agriculture & Food ★ Editor's Pick Jul 25, 2026

Bangladesh Tea Sector in Crisis: Government Taskforce Prescribes 59 Sweeping Reforms

Bangladesh's tea industry is under mounting financial strain with exports down 79% since 2002 and production costs up 78.31% over the past decade. A government taskforce has prescribed 59 recommendations across 8 priority areas including cheaper credit, tax cuts, debt restructuring, and replanting.

Economy & Finance ★ Editor's Pick Jul 25, 2026

Bangladesh Classified Loan Accounts Double to 45.83 Lakh as Retail Defaults Surge

The number of classified loan accounts in Bangladesh's banking sector more than doubled to 45.83 lakh in March 2026, with the most dramatic surge in retail loans. NPL ratio rose to 32.7%, with Bangladesh Bank warning of 'mass retail-level deterioration' and 'widespread financial stress'.

Policy & Regulation ★ Editor's Pick Jul 25, 2026

Bangladesh Raises Cash Incentive on Local Yarn Usage from 1.5% to 5% to Revive Textile Sector

The Bangladesh government has increased the cash incentive for export-oriented factories using locally produced yarn from 1.5% to 5%, replacing bonded warehouse and duty drawback facilities. The Tk 35 billion move aims to curb yarn imports from India and revive the struggling textile sector.

Economy & Finance ★ Editor's Pick Jul 24, 2026

Bangladesh Bets on Investment-Led Growth Strategy to Create Jobs and Boost Revenue

The Bangladesh government has adopted an investment-led economic strategy aimed at creating jobs, boosting production, and raising revenue without increasing tax rates. Finance and Planning Adviser Rashed Al Mahmud Titumir unveiled the model at the Bengal Delta Conference 2026.

Economy & Finance ★ Editor's Pick Jul 24, 2026

Bangladesh Trade Deficit Widens 24% to $23.98 Billion as Exports Fall and Capital Imports Slump

Bangladesh's trade deficit surged nearly 24 percent to $23.98 billion in FY 2025-26 as exports fell and capital machinery imports dropped 10.68%. A record $35.5 billion in remittances cushioned the external sector from severe distress.

RMG & Textile ★ Editor's Pick Jul 24, 2026

Bangladesh's Spinning Industry at Crossroads: Policy Decisions Today Will Shape Future

Bangladesh's spinning industry has seen slight profitability improvement, but Textile Today editorial warns this is driven by external factors, not competitiveness. Without policy interventions — including a Central Bonded Fibre Warehouse, lower interest rates, and renewable energy investment — many mills face an uncertain future.

Investment & FDI ★ Editor's Pick Jul 23, 2026

Bangladesh Must Attract $15 Billion Annual FDI by 2030 to Sustain Growth, Warns FICCI

The Foreign Investors' Chamber of Commerce and Industry (FICCI) has warned that Bangladesh must increase annual foreign direct investment nearly sevenfold to $15 billion by 2030 to sustain growth, finance infrastructure, and remain competitive after LDC graduation. Current FDI-to-GDP ratio of 0.29% is the lowest in the region.

Investment & FDI ★ Editor's Pick Jul 23, 2026

PM Tarique Rahman Urges Foreign Investors to Expand in Bangladesh, Pledges Policy Reforms

Prime Minister Tarique Rahman has called upon foreign investors to expand their footprint in Bangladesh, pledging a business-friendly environment backed by policy reforms, legal protection, and government support. Addressing the FICCI FDI Conference 2026, he pledged to build a $1 trillion economy by 2034.

Economy & Finance ★ Editor's Pick Jul 22, 2026

Bangladesh Bank Eases Forex Rules for Freelancers and IT Service Exporters

Bangladesh Bank has introduced new measures to simplify foreign currency transactions for freelancers and individual service exporters. IT freelancers can now retain 50% of export earnings in USD, transactions up to $20,000 need no formal declaration, and dual-currency "Freelancer Cards" will be issued.

Economy & Finance ★ Editor's Pick Jul 20, 2026

Bangladesh GDP Growth Declines for Third Consecutive Quarter, BBS Data Shows

Bangladesh's GDP growth declined for the third consecutive quarter, with the January-March quarter growing only 2.22%, down from 4.96% in Q1 and 3.03% in Q2. The industry sector contracted by 0.28%, raising concerns about the country's economic momentum.

Economy & Finance ★ Editor's Pick Jul 16, 2026

Bangladesh Proposes New Law Allowing Private Firms to Recover Defaulted Loans

The Bangladesh government has proposed the Distressed Asset Management Act (DAMA), which would allow licensed private companies to purchase, restructure, and recover defaulted loans. With distressed loans at Tk 10.91 trillion (nearly 60% of all disbursed loans), the law aims to clean up bank balance sheets and restore credit flow.

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Government News 41 Trade Policy 38 Dhaka 36 RMG Export 36 Bangladesh Bank 31 Press Release 28 BGMEA 27 FDI 24 LDC Graduation 23 Market Diversification 20 Bangladesh Economy 19 Sustainability 17 Foreign Direct Investment 16 Apparel Export 16 Investment 16 Export Promotion 14 EU Market 14 US Market 13 Green Factories 11 Trade Mission 11

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