NBR honours top taxpayers

The National Board of Revenue today honoured the country's top taxpayers to recognise their compliance and commitment to paying taxes regularly.
24 November 2021, 07:44 AM

No bank fees, please: Central Bank Digital Currency will deliver remittance like emails

Cross-border payments are inefficient, often slow, opaque and expensive. Worldwide businesses did $23.5 trillion cross-border transactions in 2020, which is equivalent to 25 per cent of global GDP.
23 November 2021, 18:00 PM

Steel, cement producers log higher profits as sales rocket

Most of the listed rod and cement producers in Bangladesh posted higher profits in the July to September period riding on higher sales as economic activities picked up thanks to the improving coronavirus situation.
23 November 2021, 18:00 PM

Stocks fall as investors book profits

The stock market fell for the third consecutive day yesterday due to the profit booking tendency prevailing among investors.
23 November 2021, 18:00 PM

Top taxpayers to be honoured today

The National Board of Revenue will honour the country’s top taxpayers today to celebrate their compliance and commitment to paying taxes regularly.
23 November 2021, 18:00 PM

Poverty rate unchanged at 20.5pc

Planning Minister MA Mannan yesterday claimed that the poverty rate in Bangladesh remains unchanged at 20.5 per cent despite the economic fallout of Covid-19.
23 November 2021, 18:00 PM

Olympic to invest Tk25cr to expand bakery business

Olympic Industries Ltd, the maker of popular biscuit brands such as Energy Plus, Tip and Nutty, has announced that it would invest Tk 25.65 crore to expand its production capacity to meet growing demands.
23 November 2021, 18:00 PM

Bangladesh capable of extending trade benefit to LDCs

Bangladesh has the capability to extend trade facilities to least-developed countries after its graduation from the group to a developing nation in 2026, said Commerce Secretary Tapan Kanti Ghosh yesterday.
23 November 2021, 18:00 PM

9 years of Tazreen Fashions Fire: The cost of non-compliance

The Tazreen Fashions fire, one of the nation’s deadliest industrial incidents, was an eye-opener for the garment sector, showing that the cost of non-compliance in business operations was very high.
23 November 2021, 18:00 PM

Weak banks should consider mergers: adviser

Financially weak banks should consider mergers in a bid to reduce the pressure of default loans, according to Salman F Rahman, the prime minister’s adviser on private industry and investment.
23 November 2021, 18:00 PM

Bad loans surpass Tk 1 lakh crore again

In an upsetting development, default loans in the banking sector in Bangladesh have surpassed Tk 1 lakh crore after more than one and a half years despite a relaxed loan classification policy adopted by the central bank.
23 November 2021, 18:00 PM

Default loans surpass Tk 1 lakh crore again

Default loans in the Bangladesh’s banking sector has gone past Tk 1 lakh crore despite relaxed loan classification policy taken by the central bank.
23 November 2021, 14:52 PM

Bangladeshi products have huge potential market in Thailand: envoy

There is a possibility of creating a huge demand for Bangladeshi branded products in Thailand, said Makawadee Sumitmor, Thai ambassador to Dhaka.
23 November 2021, 14:00 PM

People’s Leasing to face stockmarket regulator’s special audit

The Bangladesh Securities and Exchange Commission (BSEC) has decided to run a special audit on all the financial reports of People’s Leasing and Financial Services (PLFS) in the period of 2013 to 2021.
23 November 2021, 13:12 PM

AB, NRBC get nod to raise Tk 900 crore through bonds

Bangladesh Securities and Exchange Commission (BSEC) today approved bonds of AB Bank and NRB Commercial Bank worth Tk 600 crore and Tk 300 respectively.
23 November 2021, 12:59 PM

Olympic Industries to invest Tk 25.65 crore to expand bakery production

Olympic Industries—a listed food producer, which owns brands named Energy Plus, Tip, Nutty and Pulse—has announced that it will invest Tk 25.65 crore to expand production of bakery items to meet the growing demand.
23 November 2021, 12:11 PM

Ecnec okays 10 projects worth Tk 29,344 crore

The government today okayed 10 projects worth Tk 29,344 crore in a meeting of the Executive Committee of the National Economic Council (Ecnec).
23 November 2021, 11:28 AM

Beximco’s price falls despite director’s massive share purchase news

Beximco Ltd’s stock experienced a price fall today although the company disclosed that its corporate director is going to buy 3 crore or 3.4 per cent of the entity’s total shares from the market.
23 November 2021, 10:45 AM

Stocks sink for third day

The stock market continued to fall for the third consecutive day due to profit booking tendency among investors.
23 November 2021, 10:04 AM

StanChart rolls out pre-shipment loans for garment makers

Standard Chartered has partnered with large global garment buyers and suppliers and disbursed US dollar-denominated pre-shipment loans under a new finance programme, which aims to support more than 20,000 apparel workers in Bangladesh.
22 November 2021, 18:00 PM