Star Business Report

DBL Group has availed itself of a $52 million loan from British International Investment, a development finance institution of the UK, for the construction of a manufacturing facility.  

The government is set to launch an artificial intelligence-based web portal to impart land-related knowledge among the masses and deliver all kinds of information on land. 

Bangladesh Bank has decided to appoint observers at the Islami Bank Bangladesh Ltd (IBBL) and First Security Islami Bank (FSIBL), said a top official of the central bank.

Bangladesh has demanded the United States restore the generalised system of preferences (GSP) status during the 6th round meeting of the Trade and Investment Cooperation Forum Agreement (Ticfa) in Washington on Tuesday.

Banks would able to replace cars and other vehicles used by their chairmen and chief executive officers and the lenders if they are at least eight years old, said the central bank today.

Inflation eased further to 8.85 per cent in November as prices of most of the food items were steady last month, data from the Bangladesh Bureau of Statistics (BBS) showed today.

Gold is going to be traded at the highest price in Bangladesh after the Bangladesh Jewellers' Association (Bajus) decided to hike prices by 4 per cent, or Tk 3,033, per bhori today.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will organise “Bangladesh Business Summit 2023” in Dhaka in March next year to celebrate the country’s 50th anniversary of independence.

The Institute of Chartered Accountants of Bangladesh (ICAB) today awarded 25 listed and non-listed entities in 16 sectors for their best presented financial statements and audit reports.

Most of the 1.16 crore people capable of paying income taxes in Bangladesh have remained out of the tax net of the National Board of Revenue (NBR), according to a senior official of the tax administration today.  

There has been discernible development in Bangladesh in the form of higher income and improved living standards in recent years but inequality has also deepened, said Debapriya Bhattacharya, the convener of the Citizen’s Platform for SDGs, Bangladesh.

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Bay Leasing & Investment Limited’s plan to award a 5 per cent stock dividend for the year that ended on December 31.

Bangladesh’s economy is facing tough macroeconomic challenges originating from a higher imbalance in its external account, depleting foreign exchange reserves, and an elevated inflation, said a noted economist today.

Local businesses want the government to start the negotiation with Canada to sign the free trade agreement (FTA) in order to retain the duty-free market access in the North American nation.

World Health Organization (WHO) has recognised the quality of products manufactured at Renata’s Rajendrapur Potent Product Facility to be of an international standard, enabling the pharmaceutical to sell birth control pills abroad. 

Gold bars and pieces of jewellery that are smuggled into the country might be worth around Tk 73,000 crore a year, said the Bangladesh Jeweller’s Association (BAJUS) today.

A team from the Institute of Business Administration under the University of Dhaka became the champion of Unilever Bangladesh’s “BizMaestros 2022” trophy.

Daraz Bangladesh, the biggest online shopping platform in the country, said products worth about Tk 320 crore were sold through its flagship campaign that started on November 11, underscoring the company’s solidified position in the local e-commerce market.

The 5G (fifth generation) is going to play a very important role in changing almost everything in Bangladesh, including industry and education, and it will connect the whole population to very high-speed internet, said Telecom Minister Mustafa Jabbar today.

Seventy-one exporters won the National Export Trophy today in recognition of their contribution to the country’s overseas trade through higher sales, the addition of new products and markets, and maintaining compliance in the financial year of 2018-19.