Dhaka stocks see massive fall after six-day holiday

It lost 1.45% to close at 5,778.76 points
15 April 2024, 12:18 PM

BB gets five merger proposals from banks

No new proposal will be accepted before the completion of the five, BB says
15 April 2024, 11:27 AM

All member factories completed paying March salary, Eid bonus: BGMEA

BGMEA President SM Mannan Kochi says in a press briefing today
10 April 2024, 09:12 AM

Economy grows by 3.78% in Oct-Dec, slowest in three quarters

The Bangladesh Bureau of Statistics says in quarterly GDP estimate
9 April 2024, 15:46 PM

Govt seeks duty-free access to Brazil

Bangladesh has sought duty-free access for its products shipped to Brazil to reduce the bilateral trade gap.
8 April 2024, 18:00 PM

New industries outside economic zones will not get electricity, gas

The cabinet committee on economic affairs says
8 April 2024, 14:04 PM

Mobile operators call for restructuring taxation

Telecom operators and experts in Bangladesh yesterday demanded restructuring taxation in the sector, arguing that the rates in place are not only limiting the sector’s growth, but also potentially hindering the implementation of “Smart Bangladesh”.
7 April 2024, 18:00 PM

Leather shipment recovers, fetches $100 million in 9 months

Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
7 April 2024, 14:20 PM

Can merger be panacea for banking sector’s ills?

The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.
7 April 2024, 01:40 AM

BB's support helping banks avert pre-Eid liquidity crunch

Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.
7 April 2024, 01:30 AM

Telenor to stay in Bangladesh for long

Telenor, the parent company of leading mobile phone operator Grameenphone, has a long-term commitment to the Bangladesh market.
6 April 2024, 18:08 PM

Five ICT trade bodies demand tax exemption until 2031

Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
4 April 2024, 18:01 PM

Stocks make a comeback

The benchmark index of Dhaka Stock Exchange (DSE) staged a comeback yesterday, snapping a two-day losing streak.
3 April 2024, 18:00 PM

ICT entrepreneurs demand extension of tax exemptions

With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
2 April 2024, 18:30 PM

Aavishkaar Capital invests $ 5 million in Midland Bank

Aavishkaar Capital, a concern of Aavishkaar Group, in partnership with KfW, a German state-owned development bank, has signed an agreement to invest the $5 million from its Environmental, Social and Governance (ESG) First Fund into Midland Bank.
1 April 2024, 14:45 PM

Beximco gets nod to issue bond

The Bangladesh Securities and Exchange Commission (BSEC) today gives the go-ahead to a zero-coupon bond for Beximco, one of Bangladesh's leading conglomerates, to raise Tk 1500 crore from institutional and high net worth individuals.
31 March 2024, 14:10 PM

Smuggled sugar costing govt crores

The Bangladesh Sugar Refiners Association (BSRA) alleged that the government is being deprived of Tk 3,000 crore annually due to sugar smuggling.
30 March 2024, 18:00 PM

Cut import duties on essential commodities: FBCCI

Build a database of the essentials to ensure smooth supply, it says
30 March 2024, 14:51 PM

Scooter sales rev up as riders seek comfort

Local retailers post up to 65% rise in monthly scooter sales
30 March 2024, 13:48 PM

Foreign loan commitment jumps 300% in Jul-Feb

Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.
28 March 2024, 18:00 PM