Electronic fiscal device: 60,000 to be installed in Dhaka, Ctg this FY

The National Board of Revenue (NBR), in association with Genex Infosys Limited, will install electronic fiscal devices (EFDs) at retail and wholesale outlets in Bangladesh to improve the collection of value-added tax (VAT) from these sources.
22 August 2023, 18:00 PM

BB income from foreign currency reserve jumps

Bangladesh Bank’s income from foreign currency reserves has gone up 108 percent year-on-year to Tk 6,000 crore in fiscal year 2022-23, as per the central bank’s annual report. 
22 August 2023, 18:00 PM

Long-term plan behind high tea production

It was in 2007 when one of the country’s largest tea-producing companies, Consolidated Tea and Lands Company (Bangladesh) Limited, initiated a long-term plan to increase tea production. 
22 August 2023, 00:00 AM

Apparel behemoths expanding into new sectors

Textile and garment behemoths in Bangladesh have started ploughing their surplus wealth into new sectors in order to tap the potential in an economy that is growing at a healthy clip and consumers’ purchasing power is rising. 
22 August 2023, 00:00 AM

Projects with Chinese Loans: One complete, eight running at adequate pace

One of the development projects undertaken on Chinese loans has been completed while eight others are being implemented in full swing following a prolonged hiatus for the pandemic, said relevant officials and Economic Relations Division (ERD). 
21 August 2023, 23:00 PM

Prime Bank signs MoU with Dhali’s Amber Nivaas Resort

Prime Bank recently signed a memorandum of understanding (MoU) with Dhali’s Amber Nivaas Resort, a luxury resort in Munshiganj near Dhaka city.
21 August 2023, 18:00 PM

Lift import tariffs on onion

The Bangladesh Trade and Tariff Commission (BTTC) yesterday requested the revenue authority to lift all import tariffs on onion until December 31 this year as its domestic prices spiked after India slapped 40 percent export duty on the vegetable.
21 August 2023, 18:00 PM

Falling exports hit jute growers

Falling export of jute and jute goods is now having an effect on jute growers as prices of the natural fibre have fallen during the current harvesting season. 
21 August 2023, 18:00 PM

Konka launches another season of reality game show

Electro Mart Ltd, manufacturer of the Konka brand of products, recently announced launching family-oriented reality game show “Konka Shera Poribar Season 2”. 
21 August 2023, 18:00 PM

GPH Ispat gets accreditation board’s certificate

GPH Ispat Quality Control Lab, a steel re-bar manufacturing company in Bangladesh, recently received accreditation certificate from Bangladesh Accreditation Board (BAB) for ensuring the quality of the manufactured products.
21 August 2023, 18:00 PM

Salim Rahman elected as EC chairman of AIBL

Salim Rahman has been elected as the chairman of the executive committee of Al-Arafah Islami Bank Ltd (AIBL) in the 390th meeting of the board of directors of the bank on Sunday.
21 August 2023, 18:00 PM

Hosting data locally to save forex: experts

Hosting data locally by domestic companies would help Bangladesh save a huge volume of US dollars that are otherwise needed to store them abroad and ease the current foreign exchange crisis, experts said yesterday.
21 August 2023, 18:00 PM

Give priority to technical skills

Educational qualifications get higher priority than professional skills in case of judging any person’s ability in Bangladesh, which is why the skilled ones remain unutilised and unrecognised in different sectors, experts said yesterday.
21 August 2023, 18:00 PM

UCB holds training for agri entrepreneurs

United Commercial Bank (UCB) organised a daylong agricultural entrepreneurship skills training in two districts -- Dinajpur and Gaibandha -- under the initiative of Agro-CSR Project 2023 styled “Voroshar Notun Janala”.
21 August 2023, 18:00 PM

MTB signs deal with Shakti Foundation

Mutual Trust Bank Ltd (MTB) recently signed an agreement with Shakti Foundation on cash management services.
21 August 2023, 18:00 PM

Tasty Treat opens two outlets in Khulna

Tasty Treat, a fast food retail brand of Pran-RFL Group, recently launched two outlets at Sheikh Para and Gol Chattor of Khalishpur in Khulna.
21 August 2023, 18:00 PM

Ingredients cheaper but poultry feed prices still high

International market prices of poultry feed ingredients had dropped in the second quarter of this calendar year, yet locally produced feed has turned anything but cheap. 
21 August 2023, 00:00 AM

MetLife settles Tk 1,537cr claims in first half

Life insurer MetLife Bangladesh has settled Tk 1,537 crore worth of claims in the first six months of this year.
20 August 2023, 18:00 PM

Genex Infosys, Navana Pharma, Aramit to invest in digital bank

Genex Infosys Ltd, Navana Pharmaceuticals Ltd and Aramit Ltd have decided to invest in the proposed digital bank UPAY Digital Bank PLC.
20 August 2023, 18:00 PM

Pension scheme: a timely move

Universal Pension Scheme (UPS) is an opportune and pro-people move of the government looking to ensure inclusive and sustainable social safety net for the greater socio-economic development. The move will create a new era in the economic history of Bangladesh.
20 August 2023, 18:00 PM