BSTI certification made mandatory for 10 new products

Bangladesh Standards and Testing Institution (BSTI) has included 10 new products in the list which now need mandatory certification from the national standards body.
12 December 2022, 09:01 AM

Stocks begin another day with rise

Stocks in Bangladesh rose for the second consecutive session today.
12 December 2022, 07:14 AM

Envoy Textiles gets $11.2 million ADB loan for yarn spinning unit

The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.
11 December 2022, 15:24 PM

Rice prices still high despite higher yield

Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
11 December 2022, 13:05 PM

Banks asked to levy minimum LC margin on importers

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
11 December 2022, 11:58 AM

Stocks rebound amid higher trading

All indexes of the Dhaka Stock Exchange (DSE) ended in positive territory today on the back of an increase in trading activity by investors.
11 December 2022, 11:31 AM

NBR awards 9 highest VAT-paying firms

The National Board of Revenue today awarded nine firms for paying the highest amounts of value-added tax in 2020-21 fiscal year.
10 December 2022, 11:37 AM

Govt on right track to build sustainable economy: Ficci president

The measures the government has taken will allow Bangladesh to remain on right track towards building a sustainable and steady economy amid deteriorating global conditions, said Naser Ezaz Bijoy, president of the Foreign Investors’ Chamber of Commerce and Industry (Ficci).
8 December 2022, 15:51 PM

Germany commits fresh 191 million Euro grant for Bangladesh

Germany has made commitments of extending another 191 million Euro in grant to Bangladesh at the latest round of Bangladesh-German Development Cooperation Negotiations 2022.
8 December 2022, 15:31 PM

FBCCI seeks UK partnership for technology transfer

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought partnership with the UK for technology transfer and supply chain development to ensure smooth graduation of Bangladesh from the least developed country (LDC) category.
8 December 2022, 13:17 PM

Stocks fall for rising political tension

Turnover on the Dhaka Stock Exchange (DSE) slipped below Tk 300 crore for the second time in three days today as investors’ confidence level received a blow because of the rising political tension in the country.
8 December 2022, 11:16 AM

Yeakin Polymer’s loss extends in FY22

Yeakin Polymer Limited suffered a loss of Tk 5.23 crore in the financial year that ended on June 30. 
8 December 2022, 11:10 AM

Bangladesh to get $250 million from AIIB as budget support

The Asian Infrastructure Investment Bank (AIIB) has agreed to give $250 million in loan as budget support to implement the Strengthening Social Resilience Programme (sub-programme 2).
7 December 2022, 16:09 PM

‘Next 10 years crucial for Bangladesh to fight climate change, poverty’

The next ten years are crucial for Bangladesh to prepare, adapt and transform societies, economies and all ecosystems as the world is now facing triple and interconnected crises: the climate emergency, rapid damage to biodiversity and extreme poverty, FBCCI President Md Jashim Uddin said.
7 December 2022, 15:58 PM

Tk 5,000 crore scheme launched for capital machinery purchase

Bangladesh Bank today rolled out a Tk 5,000 crore refinance scheme to help borrowers procure environment-friendly capital machinery.
7 December 2022, 15:08 PM

Leather goods export to hit $10 billion by 2030: Munshi

Leather and leather goods export from Bangladesh will rise by 10 times to $10 billion by 2030 from the existing $1 billion, Commerce Minister Tipu Munshi said today.
7 December 2022, 14:37 PM

Deadline extended for rice import at reduced tariff

The National Board of Revenue (NBR) has extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.
7 December 2022, 14:08 PM

‘Bangladesh committed to cut carbon emission by 22% within 2030’

Bangladesh is the globe’s one of the lowest carbon emitters, but still the country is committed to cut carbon emissions by 89.47 million tonnes or 21.85 per cent of carbon dioxide by 2030, FBCCI President Md Jashim Uddin said today.
6 December 2022, 12:59 PM

Turnover on Dhaka Stock Exchange slips below Tk 300 crore

Turnover on the Dhaka Stock Exchange slipped below Tk 300 crore today reflecting investors’ persisting worry about the direction of the economy.
6 December 2022, 11:39 AM

Special liquidity facility launched for Islamic banks

Bangladesh Bank has come up with a new arrangement named “Islamic Bank Liquidity Facility”, under which the country’s shariah-based banks can now take short-term loan, a first of its kind in the banking sector.
5 December 2022, 14:59 PM