Lawmakers can now import electric cars duty free

The lawmakers will be able to import electric cars and hybrid jeep duty-free from now on, according to a notification of the National Board of Revenue (NBR) issued yesterday.
6 January 2022, 07:54 AM

Padma Bank can now erase accumulated loss to attract FDI

The Bangladesh Bank has allowed Padma Bank to clean its balance sheet by giving permission to erase its accumulated loss in order to attain foreign direct investment.
6 January 2022, 06:15 AM

Janata Bank gets go-ahead to regularise AnonTex’s default loans

Bangladesh Bank has allowed Janata Bank to regularise default loans of scam-hit AnonTex Group, relaxing its own rescheduling policy.
5 January 2022, 20:02 PM

HSBC launches My Calendar App

Hongkong and Shanghai Banking Corporation (HSBC) has recently launched ‘HSBC My Calendar App’ to celebrate its 25-year journey in Bangladesh.
5 January 2022, 18:00 PM

Another 92 migrant workers leave for South Korea

Some 92 Bangladeshi workers left Dhaka’s Hazrat Shahjalal International Airport for South Korea yesterday through chartered flights operated by a Korean air company as the government of the East Asian nation resumed receiving foreign workers.
5 January 2022, 18:00 PM

Exim Bank promotes two to deputy MD

Exim Bank has recently witnessed the promotion of two of its additional deputy managing directors to the posts of deputy managing directors.
5 January 2022, 18:00 PM

Bangladesh primed for $8b monthly RMG export

Garment manufacturers are confident about supplying garment products worth $8 billion a month to international buyers after Bangladesh consolidated its place in the global supply chain by remaining open for businesses even during the peak of the coronavirus pandemic.
5 January 2022, 18:00 PM

Stocks’ rally continues

Dhaka stocks finished higher yesterday compared to the preceding day as traders hoped for the index to better perform in the upcoming days.
5 January 2022, 18:00 PM

120MW solar power plants approved

South Korean, Norwegian, and French companies will build two new solar power plants in Bangladesh from which the government will be able to purchase electricity at a slightly low cost.
5 January 2022, 18:00 PM

Pharma export buoyant

Medicines worth $105.50 million were exported in the July-December period, up from $86.33 million in the same period a year ago, data from the Export Promotion Bureau showed.
5 January 2022, 18:00 PM

NBR to outsource maintenance services

The National Board of Revenue (NBR) is going to outsource from the private sector maintenance services for electronic fiscal devices (EFD).
5 January 2022, 18:00 PM

LIFE INSURANCE business LIFELESS for long

Bangladesh’s listed insurers’ life funds, or portfolios into which policyholder’s life assurance premiums are paid and claims are paid out of, have remained nearly the same in amount since 2015.
5 January 2022, 18:00 PM

This year’s first batch of Bangladeshi workers leave for Korea

Some 92 Bangladeshi workers left Dhaka’s Hazrat Shahjalal International Airport for Korea today through chartered flights operated by a Korean air company as the government of the East Asian nation resumed receiving foreign workers.
5 January 2022, 13:46 PM

Bangladesh getting ready to make $8b worth garment items a month: BGMEA president

Bangladesh is gradually getting ready to cater garment work orders worth up to $8 billion a month as the local apparel manufacturers are receiving more work orders from the international retailers and brands, a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said today.
5 January 2022, 08:41 AM

Edible oil prices to rise by Tk 8 a litre from Jan 8

Consumers will have to pay higher to buy soybean and palm oil from Saturday as refiners decided to increase prices by up to Tk 8 per litre on the ground of increasing import costs.
5 January 2022, 05:01 AM

Dhaka airport gets 2 scanners

Two new state-of-the-art dual view X-ray machines have been installed at the export cargo village of Hazrat Shahjalal International Airport to exclusively screen perishable items, finally materialising a long time demand of exporters.
4 January 2022, 18:00 PM

Investment Galore in spinning despite Covid

The spinning sector in Bangladesh witnessed a major jump in investment last year as entrepreneurs set up 26 new mills to meet rising demand despite uncertainty in the global apparel supply chain owing to the pandemic.
4 January 2022, 18:00 PM

Mills to produce less sugar

Two sugar mills, one in Thakurgaon and the other in Joypurhat, are set to produce a lower amount of sugar this year compared to last season as they have cut the volume of sugarcanes to be crushed, officials said.
4 January 2022, 18:00 PM

Shadow forces behind

Many “shadow forces” are working from behind the scenes delaying the purchase of tablets that would be used in conducting the country’s population census, said Planning Minister MA Mannan.
4 January 2022, 18:00 PM

Stocks rise for fourth day

Dhaka stocks went up yesterday as investors continued pouring in their funds, putting their bet on hopes that the Omicron variant of Covid-19 would not be as threatening as many had previously thought. 
4 January 2022, 18:00 PM