Stock market slips below 7,000 points after 11 days

The key index of the Dhaka Stock Exchange plunged yesterday after the central bank specified the instruments where non-bank financial institutions’ investment would be considered while calculating their stock market exposure.
17 February 2022, 18:00 PM

Cut VAT on internet network devices: FBCCI

`The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday urged the government to permit active Internet Connection Sharing (ICS) and reduce VAT on network devices to make internet services cheaper for the end users.
17 February 2022, 18:00 PM

Sugar production at state mills lowest in a decade

Production at state-run sugar mills is set to hit its lowest point in over a decade as sugarcane processing has fallen sharply amid reduced supply, according to the Bangladesh Sugar and Food Industries Corporation (BSFIC).
17 February 2022, 18:00 PM

BSEC eases SME board trading rules

The Bangladesh Securities and Exchange Commission (BSEC) has eased one condition for trading shares on the small capital board to bring about more vibrancy.
17 February 2022, 18:00 PM

The Great Resignation: Are we ready for it?

Patrick in the US recently quit his job and decided to do something new so that he can control his lifestyle.
17 February 2022, 18:00 PM

Timber trade in Nesarabad sees Tk 1,000cr annual sales

The timber trade that has been running on the banks of the Sandhya river in Nesarabad upazila of Pirojpur for decades has emerged as the largest hub for woods in Bangladesh.
17 February 2022, 18:00 PM

Pension for all: Strategic paper presented to PM

Prime Minister Sheikh Hasina has given instruction to the Finance Division to enact a law -- on an emergency basis -- for introducing pension for all citizens of the country.
17 February 2022, 11:53 AM

Swedish envoy praises Bangladeshi garment factories for going green

Swedish Ambassador Alexandra Berg von Linde today praised Bangladeshi companies for going green and expressed her desire to see Sweden’s green companies coming to the south Asian nation.
17 February 2022, 11:45 AM

Dhaka stocks bleed massively

The stock market bled massively today as the central bank has recently fixed the instruments for stock market investment of the non-bank financial institutions.
17 February 2022, 10:04 AM

Alesha Mart returns Tk 28 lakh to 10 customers on first day of refunding

E-commerce company Alesha Mart today started giving refunds to its consumers as per the guideline of the Digital Commerce Cell (DCC) formed by the commerce ministry.
17 February 2022, 08:58 AM

EU to support Bangladesh for sustainable LDC graduation

The European Union will keep supporting Bangladesh to help the South Asian country make sustainable graduation from the grouping of least-developed countries.
16 February 2022, 18:00 PM

Online sales take off ahead of Ekushey Book Fair

Although Amar Ekushey Book Fair-2022 began on Tuesday after being deferred for half-a-month due to the surge of Covid-19 infections, readers have already started purchasing the books published targeting the annual event thanks to online platforms.
16 February 2022, 18:00 PM

Hardship persists for households as food prices keep rising

Amid soaring prices of food, products and services, inflation in Bangladesh fell to 5.86 per cent in January, the first decline in six months, official data showed yesterday.
16 February 2022, 18:00 PM

Govt to amend procurement rules

A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.
16 February 2022, 18:00 PM

Seven NBFIs risk losing Tk 2,050cr for anomalies

Seven non-bank financial institutions (NBFIs) are now finding it difficult to recover Tk 2,050 crore they had lent to their subsidiaries and associates in breach of rules.
16 February 2022, 18:00 PM

Bank Asia wins SAFA first prize, award

Bank Asia won the first prize for “Best Presented Annual Report 2020 (Private Sector Banks)” in South Asia alongside a “SAARC Anniversary Award for Corporate Governance Disclosures 2020” awarded by the South Asian Federation of Accountants (SAFA).
16 February 2022, 18:00 PM

HSBC introduces Bangladesh’s first SLP-based financing

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has introduced the country’s first Social Loan Principles (SLP) based financing for Thengamara Mohila Sabuj Sangha (TMSS), one of the largest microfinance institutions in the country.
16 February 2022, 18:00 PM

Establish charging station networks to ramp up EV adoption

Speakers yesterday emphasised establishing infrastructure for charging station networks so that electric vehicles (EV) may replace their fossil fuel-powered counterparts by 2030.
16 February 2022, 18:00 PM

NLI First Mutual Fund to be open-ended

When most asset management companies in Bangladesh try to extend the tenure of closed-end mutual funds to retain them, VIPB Asset Management Company has decided to convert its fund into open-ended.
16 February 2022, 18:00 PM

Ctg holds potential as next ‘global industrial hub’

Chattogram, preparing to become the country’s trade and investment growth engine, offers immense business prospects for Japanese investors as it bridges South Asia and Southeast Asia, analysts told a webinar yesterday.
16 February 2022, 18:00 PM