Scanner out of service for two months

One of the two scanners at the Benapole checkpost’s international passenger terminal has been out of service for two months, inflicting suffering on the passengers bound for India as baggage is checked manually, which takes more time.  
30 August 2023, 18:00 PM

Govt to buy oil, lentil for sale at subsidised rates

The government will procure 40 lakh litres of rice bran oil and 6,000 tonnes of lentil for sale among low-income people at subsidised prices through state-run Trading Corporation of Bangladesh (TCB). 
30 August 2023, 18:00 PM

US companies want to invest more in power

A US business delegation has expressed interest in investing more in the power and energy sector of Bangladesh, said Nasrul Hamid, state minister for power, energy and mineral resources, yesterday. 
30 August 2023, 18:00 PM

Tougher actions to fuel essentials’ prices further

The government wants to bring down the prices of essentials through talks with the business community since filing cases and sending traders to jail might send the prices higher further, said Commerce Minister Tipu Munshi yesterday.
30 August 2023, 18:00 PM

Joint efforts to set up 300MW solar power plant

Two local garment exporters, a private Saudi Arabian company and state-run Bangladesh Power Development Board (BPDB) are planning to jointly set up a solar power plant with a generation capacity of 300 megawatts (MW). 
30 August 2023, 18:00 PM

71% Japanese firms dissatisfied with business climate in Bangladesh

Although Japanese companies operating in Bangladesh are upbeat about the growth potential in the country, 71 percent of them are dissatisfied with the general business environment, a new survey showed.
30 August 2023, 18:00 PM

Bangladesh can save £315m a year: experts

Bangladesh will benefit the most from the UK’s Developing Countries Trading Scheme (DCTS) as it will potentially save £315 million in tariffs annually on its exports to the European nation, according to experts.
29 August 2023, 18:00 PM

Top cement makers shifting to eco-friendly production

Bangladesh’s major cement manufacturers are increasingly shifting to eco-friendly production processes with a view to cutting energy consumption and pollution and ensuring the sustainability of their business in a world that is getting more worried about industries’ carbon footprint.   
29 August 2023, 18:00 PM

Chinese investors rush to offshore funds to offset domestic risks

Disillusioned with a weak stock market at home, geopolitical risks and a falling currency, Chinese investors are pouring money into investment products with exposure to overseas assets that will also help diversify their portfolios.
29 August 2023, 18:00 PM

PM seeks more US investment

Prime Minister Sheikh Hasina yesterday called for larger investment from US companies in sectors, particularly power, energy, ICT and infrastructure.
29 August 2023, 18:00 PM

Govt now offers incentives on summer onion varieties

The government will provide an additional Tk 16.2 crore as incentives to farmers to encourage them to cultivate the summer varieties of onions in its efforts to reduce import dependence and become self-reliant. 
29 August 2023, 18:00 PM

UCB gets BB recognition in sustainability rating

United Commercial Bank (UCB) PLC was honoured yesterday as one of top banks in “Sustainability Rating 2023” by the Bangladesh Bank. 
29 August 2023, 18:00 PM

EBL, Trust Bank sign deal on money transfer

Eastern Bank Ltd (EBL) has signed an agreement with Trust Bank Ltd for the money transfer service Ria, a US-based global money transfer company whose Bangladesh agent is Trust Bank.
29 August 2023, 18:00 PM

StanChart facilitates first LC application via H2H connectivity

Standard Chartered Bangladesh has provided Genesis Fashions Ltd, a ready-made garments manufacturer and sister concern of the M&J Group, with the resources needed to submit trade applications via host-to-host (H2H) connectivity.
29 August 2023, 18:00 PM

ChatGPT turns to business as popularity wanes

OpenAI on Monday said it was launching a business version of ChatGPT as its artificial intelligence sensation grapples with declining usership nine months after its historic debut.
29 August 2023, 18:00 PM

India cuts prices of cooking gas

India cut the price of cooking gas for households on Tuesday by about 18 percent to rein in inflation ahead of crucial state and general elections.
29 August 2023, 18:00 PM

Record potato production, yet prices going up

Potato prices are soaring even though farmers this year grew a record 1.04 crore tonnes, cutting the buying power of consumers, especially fixed and low-income people already battered by sustained high inflation. 
29 August 2023, 18:00 PM

Policyholders can take loan from pension scheme fund

The policyholders can take loans against the money they will deposit as subscription fee for the universal pension scheme, said Kabirul Ezdani Khan, executive chairman of the National Pension Authority.
29 August 2023, 18:00 PM

Bilateral trade to rise if EPA is signed with Korea

Bangladesh’s bilateral trade and investment with Korea will increase if an economic partnership agreement (EPA) is signed, Korean Ambassador to Bangladesh Park Young-sik said yesterday.
29 August 2023, 18:00 PM

PM directs to initiate process to secure loans from NDB

Prime Minister Sheikh Hasina yesterday directed the concerned departments to start the process of securing loans from the New Development Bank (NDB).
29 August 2023, 18:00 PM