BSFIC, bKash sign deal on farmers’ payment

Mobile financial service (MFS) provider bKash and Bangladesh Sugar and Food Industries Corporation (BSFIC) recently signed an agreement over payment services.
8 August 2023, 18:00 PM

BFIU holds workshop on money laundering

Bangladesh Financial Intelligence Unit (BFIU) organised a workshop styled “Prevention of Money Laundering & Combating Financing of Terrorism” for officials of all commercial banks working in Bandarban and Rangamati districts.
8 August 2023, 18:00 PM

BGMEA AGM held without discussion on election

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) held its 40th annual general meeting (AGM) yesterday, with no discussion taking place over the formation of an election board to elect its leaders for 2023-25. 
8 August 2023, 18:00 PM

Euro Pharma to produce medicines for Square

Square Pharmaceuticals PLC has struck a contract manufacturing agreement with Euro Pharma Ltd.
8 August 2023, 18:00 PM

DSE gets new MD

The Bangladesh Securities and Exchange Commission (BSEC) has approved ATM Tariquzzaman as managing director of the Dhaka Stock Exchange (DSE) for the next three years.
8 August 2023, 18:00 PM

Guava season aiding economic growth in south

With the guava season now in full swing, farmers and traders in southern Bangladesh are busy harvesting and selling the fruit from various orchards in the region.
8 August 2023, 00:00 AM

Factories at API park still unable to start production

Makers of active pharmaceutical ingredients (API) at the API Industrial Park in Gazaria of Munshiganj have fallen into uncertainty as bureaucratic complexities and the lack of gas connections are preventing them from starting production.
8 August 2023, 00:00 AM

Most MFS operators struggle in a booming market

In 2011 when mobile financial service (MFS) was introduced in Bangladesh, 27 banks took the approval from the central bank as many had correctly predicted an impending boom in mobile banking amid rising usage of cell phones. 
8 August 2023, 00:00 AM

Prime Bank, Bida sign MoU

Prime Bank Ltd recently signed a memorandum of understanding (MoU) with Bangladesh Investment Development Authority (Bida) to provide one stop banking service to foreign investors.
7 August 2023, 18:00 PM

Midland Bank, Placid NK to offer remittance services

Midland Bank Ltd recently signed an agreement with Placid NK Corporation, a global money transfer company, to establish remittance drawing arrangements fostering seamless and secure cross-border fund transfers.
7 August 2023, 18:00 PM

Will AI be an economic blessing or curse?

If medieval advances in the plough didn’t lift Europe’s peasants out of poverty, it was largely because their rulers took the wealth generated by the new gains in output and used it to build cathedrals instead.
7 August 2023, 18:00 PM

How senior management build ethical organisations

In my last article, I highlighted how boards set the “tone at the top” towards building an ethical organisation. Taking this cue, senior management, which includes the CEO, must find ways to shape ethical organisations where everyone is encouraged to do the right thing (even when no one is watching).
7 August 2023, 18:00 PM

12 companies to get Bangabandhu industrial award

The government has published the names of 12 companies that have been selected for the Bangabandhu Sheikh Mujib Industrial Award-2022 for their contribution to the economy.
7 August 2023, 18:00 PM

Why meat prices rising despite surplus production

While the Department of Livestock Services (DLS) estimates a surplus of meat production in the country, prices of all – be it chicken meat, mutton or beef -- have risen, raising questions about the authenticity of production and demand estimates. 
7 August 2023, 18:00 PM

Biman to resume Dhaka-Guangzhou flights

Biman Bangladesh Airlines is going to resume direct flights from Dhaka to China’s Guangzhou from September 14. 
7 August 2023, 18:00 PM

US wants to help build capacity of BFIU

A visiting US Department of State official yesterday showed interest on developing the capacity of Bangladesh Financial Intelligence Unit (BFIU) to prevent money laundering and terrorist financing.
7 August 2023, 18:00 PM

DSE trade settlement disrupted for tech glitch

Trade settlement in Dhaka Stock Exchange was disrupted for about six hours on Sunday due to a technical glitch.
7 August 2023, 18:00 PM

Rains drown sales at Chaktai-Khatunganj market

The situation has worsened for traders of the Chaktai-Khatunganj wholesale market yesterday as incessant rains for the past couple of days in Chattogram have left most of it inundated, resulting in a 60 percent to 70 percent fall in trade. 
7 August 2023, 18:00 PM

EBL launches credit card for women entrepreneurs

Eastern Bank Ltd launched an EBL women signature credit card during a panel discussion styled “Women in Start-up: A Journey towards Smart Bangladesh” at the bank’s head office in Dhaka yesterday.
7 August 2023, 18:00 PM

Solar irrigation pumps: a saviour amid drought

Farmers in Bangladesh have been left displeased with lower rainfall during the monsoon season this year as they were unable to plant Aman paddy on time due to a lack of natural irrigation.
7 August 2023, 00:00 AM