CPA to extend deal with Saif Powertec to operate New Mooring terminal

Chittagong Port Authority (CPA) has opted to extend its deal with Saif Powertec Limited, allowing the company to operate its New Mooring Container Terminal (NCT) under direct procurement, as the process of floating an open tender to this end is facing delays..The agreement with the firm is
19 December 2024, 18:00 PM

Poultry association cancels decision to halt production

They backtracked from the decision after the government promised to address their 10-point demand
19 December 2024, 14:07 PM

REHAB’s housing fair begins Dec 23

The five-day exhibition will be organised at Bangabandhu International Conference Centre
19 December 2024, 12:23 PM

ADB to give $600m for economic management

The Asian Development Bank (ADB) will extend a $600 million loan to Bangladesh to help the country strengthen its economic management and establish a transparent and accountable regulatory environment for private sector development.
18 December 2024, 20:19 PM

Govt to procure 50,000 tonnes of rice from India

The interim government of Bangladesh will procure 50,000 tonnes of rice from India to address the depletion of the country’s food stocks and thereby meet consumer demand for the cereal grain amid ongoing inflationary pressure..The rice will be used to supply state-sponsored food distributi
18 December 2024, 18:27 PM

Govt to form taskforce for semiconductor industry

A high-level taskforce will work with Bangladesh Investment Development Authority (Bida) to formulate a roadmap for the development of a semiconductor sector, focusing on testing, assembly and scaling up capabilities. .The decision was taken at a meeting titled “Semiconductors – A New Fro
18 December 2024, 16:25 PM

Iran currency slips to new lows amid US, Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the US dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the West over Tehran's nuclear programme..The rial plunged to 756,000 to the dollar on the unof
18 December 2024, 15:22 PM

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says
18 December 2024, 15:01 PM

Gold price hiked again, Tk 140,586 a bhori from tomorrow

The previous price of 22-carat gold was Tk 138,498 a bhori
18 December 2024, 14:20 PM

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion
18 December 2024, 13:00 PM

BIGF gets new chairperson

The Bangladesh Internet Governance Forum (BIGF) is the Bangladesh chapter of the Internet Governance Forum
18 December 2024, 11:06 AM

Hasina administration did not heed warnings on economy: Farashuddin

The previous government, led by Sheikh Hasina, ignored repeated warnings from experts on various economic issues in Bangladesh, according to Mohammed Farashuddin, a former governor of the country’s central bank..“The Hasina administration did not heed warnings from economists on the lack o
17 December 2024, 16:22 PM

Kamran Tanvirur Rahman re-elected as MCCI president

The leading chamber also re-elected its senior vice president and vice president
17 December 2024, 11:32 AM

Import duty, tax on sunflower, canola oil removed

The NBR extends 5% VAT benefit until March 31 next year
16 December 2024, 15:16 PM

Small farmers threaten poultry strike over ‘corporate influence’

Bangladesh Poultry Association (BPA) has threatened to halt production of broiler chickens and eggs from January 1 if the interim government failed to address their demands, including curbing the influence of alleged corporate syndicates..Corporate entities are increasingly monopolising an
16 December 2024, 15:11 PM

National advisory council on statistics restructured

New 17-member panel will work to produce globally-accepted data
16 December 2024, 13:06 PM

Stocks rebound strongly after last week’s losing streak

Stocks in Bangladesh rebounded yesterday after lacklustre earnings disclosures from many listed companies for the first quarter of the fiscal year had seen the market trend down over the previous week. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 73.43 points, or 1
15 December 2024, 18:01 PM

$158.89 million AIIB loan availed for power infrastructure project

Power Grid Bangladesh PLC will implement the project
15 December 2024, 14:29 PM
15 December 2024, 13:56 PM

Maddhapara Granite Mining becomes dependent on loans for declining sales

The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
15 December 2024, 13:32 PM