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Business

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Bangladesh Faces Rising Load Shedding Amid Power Generation Constraints
Business

Bangladesh Faces Rising Load Shedding Amid Power Generation Constraints

Bangladesh is experiencing an increase in load shedding across various areas due to rising temperatures, coal shortages, gas supply constraints, and mechanical faults. Power generation has been significantly impacted by reduced output from coal and gas-based plants, alongside halted electricity imports from Nepal.

Next Wins UK Appeal Over Warehouse and Shop Staff Basic Pay Ruling
Business

Next Wins UK Appeal Over Warehouse and Shop Staff Basic Pay Ruling

The UK retailer Next has successfully appealed a 2024 equal pay ruling regarding basic pay for warehouse versus shop staff at the Employment Appeal Tribunal. However, the tribunal upheld separate findings against the company concerning night-time premiums, overtime premiums, and paid rest breaks.

FBCCI Holds Meeting on Draft Amendment of Companies Act 1994
Business

FBCCI Holds Meeting on Draft Amendment of Companies Act 1994

Commerce and Industry Minister Khandaker Abdul Muktadir addressed a views-exchange meeting on the draft amendment of the Companies Act 1994 at the FBCCI office in Motijheel, Dhaka. Business leaders were advised to take necessary time to formulate comprehensive proposals for a better business environment.

UK house prices fall for the first time in nearly three years
Business

UK house prices fall for the first time in nearly three years

UK house prices have declined for the first time in almost three years according to data from Lloyds, with the average property costing £298,468 in August. The property market downturn saw regional variations across the country, while mortgage rates remained a factor.

Bangladesh RMG exports to US drop 6.5pc in first seven months
Business

Bangladesh RMG exports to US drop 6.5pc in first seven months

Bangladesh's ready-made garment exports to the United States fell to $4.66 billion during the first seven months of the current calendar year. Meanwhile, key competitors like Vietnam saw much smaller declines while nations like Indonesia and Cambodia recorded growth.

Bangladesh Hosts First ESG Excellence Awards Recognizing 32 Firms
Business

Bangladesh Hosts First ESG Excellence Awards Recognizing 32 Firms

Bangladesh has hosted its inaugural ESG Excellence Awards ceremony in Dhaka, jointly organized by UN Global Compact Network Bangladesh and ESG Institute Bangladesh. The landmark event honored 32 organizations and three individuals across 20 distinct categories for their sustainability achievements.

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