Matarbari channel handed over to CPA

The dream of realising a deep seaport at Matarbari in Cox’s Bazar is now a step closer as Chittagong Port Authority (CPA) has taken charge of an artificial navigation channel created for vessel movement required for a coal-fired power plant.  
22 September 2023, 05:00 AM

Stop injecting fresh money into economy

Noted economist Wahiduddin Mahmud yesterday urged the Bangladesh Bank to stop pumping fresh money into the economy in order to rein in runaway inflation and tackle the current economic crisis.
22 September 2023, 03:30 AM

Why CEOs can’t stand together in crisis

Ever imagined a bank CEO getting slapped in a board meeting? Or a CEO changing his name through an affidavit to save his job just because it annoys the owner of his bank? These are real-life events that took place in our banking sector in recent years.    
22 September 2023, 01:00 AM

Revenue collection up 15% in Jul-Aug

Government revenue collection in the July-August period, the first two months of the current fiscal year of 2023-24, has increased by nearly 15 percent year-on-year, thanks to a rise in VAT from multinational companies. 
22 September 2023, 00:00 AM

Increase investment in tourism Stakeholders say

Bangladesh has massive potential as an emerging destination for tourists so the government should take necessary steps and the private sector should increase investment, stakeholders said during the opening ceremony of the three-day 10th Asian Tourism Fair (ATF).
21 September 2023, 18:00 PM

US firms want to invest in IT, energy

US companies want to invest in five sectors of Bangladesh, namely IT, education, healthcare, energy and infrastructure, said John Fay, commercial counsellor at the US embassy, yesterday. 
21 September 2023, 18:00 PM

Uncertainty lingers over Chhatak Cement’s return to operation

State-run Chhatak Cement Company in Sunamganj might not return to production anytime soon as its modernisation project is set to miss the deadline for the second time while uncertainty over the supply of the key raw material persists.   
21 September 2023, 18:00 PM

BB seeks bank owners’ assistance in tackling economic crisis

Bangladesh Bank yesterday sought assistance from bank directors in tackling the current economic crisis, including volatility in the forex market, growing inflation and lack of good governance in the banking sector. 
21 September 2023, 01:00 AM

Potatoes, eggs, onions still not being sold at govt-fixed prices

Potatoes, eggs and onions are not being sold at the price fixed by the government at the retail level despite government agencies conducting raids.
21 September 2023, 01:00 AM

Will price controls work to tame inflation?

A persistently higher inflation for more than a year has hit the low-income, the poor and the fixed-income people in Bangladesh hard, significantly eroding their purchasing power.  
21 September 2023, 01:00 AM

Inflation to cool in later part of FY24

Although higher consumer prices have persisted in the first few months of the current fiscal year, inflation in Bangladesh is going to cool in the later part of 2023-24 thanks to one external and two domestic factors, the Asian Development Bank (ADB) forecast yesterday.
21 September 2023, 00:00 AM

Negotiations for EPA with Japan to begin this year

Both Bangladesh and Japan want to start formal negotiations within this year for signing an Economic Partnership Agreement (EPA), with the finalisation of guidelines for negotiations set for this week, a government official said.
20 September 2023, 18:00 PM

Firms get nod to export 3,950 tonnes hilsa to India

The government has allowed 79 traders to export a total of 3,950 tonnes of hilsa fish to India.   
20 September 2023, 18:00 PM

ADB raises growth forecast for Bangladesh’s economy to 6.5% for FY24

Bangladesh's gross domestic product (GDP) is expected to grow by 6.5 percent in fiscal year 2024, compared with an estimated growth of 6.0 percent in FY 2023, it said.
20 September 2023, 05:55 AM

Bangladesh’s inflation expected to ease to 6.6% in FY2024: ADB

The Asian Development Bank (ADB) has projected that Bangladesh's inflation will ease to 6.6 percent in the current fiscal year.
20 September 2023, 05:26 AM

Provident funds to pay 27.5% tax

Companies and organisations will be required to file tax returns on the income generated by employee welfare funds from the current fiscal year and pay a 27.5 percent tax on the earnings. 
20 September 2023, 00:00 AM

Nepal can be a source of clean energy: FBCCI

Nepal can be a good source of clean energy for Bangladesh, said Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
19 September 2023, 18:00 PM

Innovation key to avoiding middle-income trap

Bangladesh needs to invest in innovation, technology and productivity in order to avoid the middle-income trap, said economists yesterday.
19 September 2023, 18:00 PM

Payment service providers can bring remittance

Bangladesh Bank yesterday allowed licensed payment service providers (PSPs) to bring inward wage remittances with the aim to increase remittance inflow. 
19 September 2023, 18:00 PM

Number of Tk 1cr deposit holders surges

Deposits in 3,362 more bank accounts went past Tk 1 crore in the April-June period of 2023. 
19 September 2023, 18:00 PM