Digital business identification launched for e-commerce firms

The commerce ministry today launched the digital business identification (DBID) for the e-commerce companies with a view to check irregularities in the sector.
6 February 2022, 08:20 AM

Speed up construction of ‘garment village’

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the Bangladesh Economic Zones
5 February 2022, 18:00 PM

BB awards 22 officials

Bangladesh Bank has awarded 22 of its officials for their outstanding performance for 2019.
5 February 2022, 18:00 PM

Gold smuggling still a big challenge: NBR

Gold smuggling continues to remain as a big challenge while imports remain lukewarm in spite of all the government policy support to encourage entry of the precious metal through formal channels, said the revenue authority’s chief yesterday.
5 February 2022, 18:00 PM

Foreign investors want ‘plug and play’ production setups

Foreign investors expect hassle-free, ready-to-use industrial setups, which the country’s leather sector, especially footwear and associated goods, lacks, says Md Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI).
5 February 2022, 18:00 PM

Rains trigger fear of loss among farmers in north

Vast swathes of cropland in the northern districts have been affected due to water-logging caused by rainfall that lasted from Friday morning until early the next day, with farmers apprehending losses.
5 February 2022, 18:00 PM

Wheat consumption to rise 6pc: USDA

Bangladesh’s wheat consumption is forecast to rise 6 per cent to 84 lakh tonnes in the marketing year (MY) beginning from July as demand of households, restaurants and the bakery industry has increased, said the US Department of Agriculture (USDA) in a recent report.
5 February 2022, 18:00 PM

Builders, raw material producers to sit every 3 months

Construction companies and raw material producers in a meeting with the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) recently decided to meet on a quarterly basis to maintain stability in the construction sector.
5 February 2022, 18:00 PM

Dollar selling spree on despite taka depreciation

Bangladesh Bank’s efforts to rein in runaway imports through the depreciation of the taka have hardly brought any impacts as the demand for US dollars has kept soaring to feed the economy rebounding from the coronavirus pandemic. 
5 February 2022, 18:00 PM

Farmers to get smart cards

The government is going to introduce smart cards for farmers with an aim to provide area-based and demand-based agricultural services.
5 February 2022, 18:00 PM

First industrial park for shoes shaping up

A top footwear manufacturer is setting up a shoe industrial park, the first of its kind in Bangladesh, to supply import substitute raw materials and accessories to producers, boost exports and attract foreign investment.
5 February 2022, 18:00 PM

NRB Bank asked to punish its CFO, investment bankers for share market fraud

Bangladesh Securities and Exchange Commission (BSEC) ordered managing director of NRB Bank to take department action against its chief financial officer, Kamrul Hasan, and all officials of its investment banking unit for their involvement in illegal share business.
5 February 2022, 16:38 PM

Putin hails $117.5b of China deals as Russia squares off with West

Russian President Vladimir Putin unveiled new Russian oil and gas deals with China worth an estimated $117.5 billion on Friday, promising to ramp up Russia's Far East exports at a time of heightened tension with European customers over Ukraine.
5 February 2022, 12:16 PM

Rejoinder, our reply

Islami Bank Bangladesh Ltd (IBBL) has sent a rejoinder to a report headlined “6pc private bankers lose jobs during pandemic” published in The Daily Star on February 1, 2022.
3 February 2022, 18:00 PM

Hybrid rice acreage shoots up as prices rise

Farmers are expanding cultivation of hybrid rice to reap benefits of higher yield than inbred varieties and profit from sale of the staple food.
3 February 2022, 18:00 PM

Lift lending cap

The Bangladesh Bank should raise the private sector credit target and review other major goals by conducting the mid-term review of the monetary policy statement for 2021-22, said analysts.
3 February 2022, 18:00 PM

Poor progress in stimulus credit disbursement

Bangladesh has disbursed 59 per cent of the total credit support unveiled by the government to protect businesses, the economy and the poor since the coronavirus pandemic hit the country more than one-and-a-half years ago.
3 February 2022, 18:00 PM

BIAC gets new CEO

Bangladesh International Arbitration Centre (BIAC) on Tuesday witnessed the appointment of a new chief executive officer.
3 February 2022, 18:00 PM

Stocks rise for third day

Stocks in Dhaka bourse maintained an upward trend for the third consecutive day yesterday amid a surge in Covid-29 cases.
3 February 2022, 18:00 PM

Metlife in Fortune Magazine’s most admired companies

MetLife has been named in Fortune magazine’s 2022 list of the “World’s Most Admired Companies”.
3 February 2022, 18:00 PM