Canada wants labour law reforms

Canada wants Bangladesh to reform labour laws in line with recommendations from the International Labour Organisation (ILO) to secure the Canadian General Preferential Tariff (GPT) Plus scheme and enjoy the zero-duty benefit after graduation from least developed country (LDC) status in 2026.
27 September 2023, 22:08 PM

The saga of ‘easy money’ in Bangladesh

I would deliberately put “black money”, “easy money” earned through political cronyism, or even “unearned income” in the same bracket. .In the world of finance and economics, the term "black money" often raises eyebrows. It alludes to the enormous sums of money that move covertly, out o
27 September 2023, 18:00 PM

Nearly 11,000 Bangladeshi firms members of Dubai chamber

The number of new Bangladeshi companies joining the Dubai Chamber of Commerce has surged 47 percent year-on-year to 1,044 in the first half of this year, said the chamber. .With the latest addition, the total number of Bangladeshi firms registered as members of the Dubai chamber rose to 1
27 September 2023, 17:59 PM

Japanese, Chinese firms to build 370MW solar power plants

Two Japanese companies and one Chinese firm have received approval from Bangladesh to invest in three solar-based power plants..The cabinet committee on purchase gave its nod to the project proposals yesterday. The plants will be built in Dinajpur, Bandarban and Feni..The plants will
27 September 2023, 17:58 PM

Infrastructure for tourism not built in planned way

Infrastructure facilities for the tourism sector in Bangladesh have grown on the basis of demand but not in a planned way, said Jatiya Sangsad Speaker Shirin Sharmin Chaudhury yesterday..“We have to determine the existing demands and build up the tourism sector in a planned way in differen
27 September 2023, 17:56 PM

Tourism festival kicks off in Dhaka

A four-day tourism festival began today in Dhaka to mark the World Tourism Day 2023.
27 September 2023, 06:52 AM

Supply of day-old chicks drops, leads to price hike of broilers

The price of broiler chicken, one of the biggest sources of protein, has seen a sudden and sharp increase in the retail market due to low supply of day-old chicks (DOCs).
27 September 2023, 03:00 AM

Arrival of foreign tourists far below potential

Bangladesh is home to the world's longest sea beach as well as the world's largest mangrove forest alongside numerous places of outstanding natural beauty. But despite its potential, the country still could not explore the global markets and attract foreign holidaymakers..Even 52 years aft
27 September 2023, 02:30 AM

E-commerce to face more scrutiny as BB makes rules to stop fraud

The Bangladesh Bank yesterday introduced a guideline for merchant acquiring, making it mandatory for payment services providers to carry out intense scrutiny before onboarding sellers as it looks to eliminate online frauds and financial crimes..According to the 'Guidelines for Merchant Acq
27 September 2023, 01:57 AM

BB fixes interest rate for loans from green fund

The central bank yesterday fixed the interest rate of its US dollar and euro financing from the Green Transformation Fund (GTF) owing to the discontinuation of Libor and the upward trend of the interest rate globally..The Bangladesh Bank operates the fund in the two currencies to extend lo
26 September 2023, 19:00 PM

Nagad's interim licence tenure extended again

Bangladesh Bank has once again renewed the interim licence of Nagad as Bangladesh Post Office (BPO) is yet to form a subsidiary to run the mobile financial service. .The fast growing mobile financial service (MFS) provider has until September next year to avail a full-fledged licence from
26 September 2023, 17:52 PM

No US info yet on ACU payments bar: BB

Bangladesh Bank (BB) is yet to be officially communicated by the US authorities and Asian Clearing Union (ACU) regarding restrictions on processing payments linked to the ACU, confirmed a top central bank official yesterday. .The ACU is an arrangement to settle payments for intra-regional
26 September 2023, 17:48 PM

Dollar hits 10-month high

The dollar rose to a new 10-month peak on Tuesday as US bond yields hit their highest level since October 2007, while the Japanese yen recovered from an early dip, with traders on alert for signs of government intervention..Federal Reserve policymaker Neel Kashkari said on Monday that, giv
26 September 2023, 14:13 PM

Oil prices fall 1.24%

Oil prices fell on Tuesday as a stronger US dollar compounded concerns that demand for fuel will be held back by major central banks holding interest rates higher for longer..Brent crude futures were down $1.16, or 1.24 percent, at $92.13 a barrel at 0844 GMT, while US West Texas Intermedi
26 September 2023, 14:08 PM

Embracing entrepreneurship and required personality traits

Entrepreneurship is a general, blanket term related to starting a business. An entrepreneur is someone who has an idea and who works to create a product or service that people will buy. .An entrepreneur takes on most of the risk and initiative for the new business and is often seen as a vi
26 September 2023, 14:06 PM

Saif Powertec signs MoU with Kolkata port

Saif Powertec Limited, a local provider of logistics and container supply chain management services, has agreed to facilitate the transport of goods from mainland India to remote north-eastern states of the neighbouring nation.
25 September 2023, 18:00 PM

Emirates wins 9 awards

Emirates has been named the “Airline of the Year 2023” in Bangladesh in the “ShareTrip Monitor Airline of the Year 2023” award ceremony in recognition of its award-winning products and services.
25 September 2023, 18:00 PM

BB fixes forward forex rate for first time

For the first time, the Bangladesh Bank has decided to determine the rate of foreign exchange, namely the US dollar, to be delivered in future, widely known as forward contract -- a move that has created mixed reactions among businesses.
25 September 2023, 18:00 PM

US cotton GSP scheme could be win-win

Bangladesh’s garment exports to the US can increase anywhere from $400 million to $800 million annually if the American government offers a “cotton GSP scheme”, according to a study.
25 September 2023, 18:00 PM

Govt’s electronic fund transfers to save Tk 60,000cr in five years

Implementation of an integrated budget and account system (iBAS++) will save Bangladesh an estimated Tk 59,804 crore ($5.4 billion) in the next five years. 
25 September 2023, 18:00 PM