Bangladesh yet to savour recycled yarn market

Bangladesh is still lagging behind competitors in the production of recycled yarn although the market for such yarn is swelling, especially in tune with new environmental laws being formulated by the European Union (EU).
7 August 2023, 00:00 AM

BB raises farm loan disbursement target for FY24

Bangladesh Bank yesterday gave lenders in the country a higher farm loan disbursement target for fiscal year (FY) 2023-24 in an effort to ensure that farmers get enough funds to invest in increasing food production.
6 August 2023, 18:00 PM

New chairman for Mercantile Exchange House (UK)

M Amanullah, sponsor director of Mercantile Bank, has been elected as chairman of Mercantile Exchange House (UK) Ltd in the bank’s 426th board meeting held recently.
6 August 2023, 18:00 PM

BGIC declares 12% cash dividend

Bangladesh General Insurance Company (BGIC) Ltd announced a 12 percent cash dividend for the year 2022.
6 August 2023, 18:00 PM

National Bank holds business review meeting

National Bank Ltd organised a “Half-Yearly Business Review Meeting” for Chattogram region’s branch managers at the bank’s Chattogram region office in the port city yesterday.
6 August 2023, 18:00 PM

Exim Bank launches Bangla QR transaction

Exim Bank recently launched a bill payment service through Bangla QR with the aim to help create cashless Bangladesh.
6 August 2023, 18:00 PM

Power of innovation in modern business

Since the start of human civilization, our world has thrived on innovation. Innovation is an ever-evolving concept, constantly changing as new ideas take shape. It solves problems and drives progress, moving our world forward generation after generation.
6 August 2023, 18:00 PM

Chinese firm looking to set up router factory

The KFL Group of China has shown keen interest in investing about Tk 100 crore to establish a router manufacturing plant in Bangladesh.
6 August 2023, 18:00 PM

Cargo movement on Indo-Bangla water routes falls

Local vessels transported a lower number of cargoes between India and Bangladesh in the fiscal year 2022-23 than the previous year because of a decline in imports, particularly fly ash and raw materials of cement mills.
6 August 2023, 18:00 PM

Govt wants to form insurer for public employees

The government is pondering over whether to set up an “independent” insurance company under Bangladesh Karmachari Kallyan Board (BKKB) to provide insurance to government employees. 
6 August 2023, 18:00 PM

2023 won’t fare well for apparel trade: BGMEA

The rest of the year 2023 will not fare well in terms of apparel trade measured in dollar values, said a top official of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday. 
6 August 2023, 18:00 PM

Inflation falls slightly to 9.69% in July

Inflation fell slightly to 9.69 percent in July from 9.74 percent in the previous month thanks to the steady prices of non-food items, according to the Bangladesh Bureau of Statistics (BBS).
6 August 2023, 11:46 AM

Beef prices stay the same despite promises

Beef is still selling at the going market rate of Tk 750 to Tk 800 per kilogramme (kg) in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50.
6 August 2023, 00:00 AM

Rod prices drop as rains dampen demand

The price of mild steel (MS) rod of grade 60 has gone down slightly since Thursday thanks to a decline in demand due to a slowdown in construction and physical infrastructure development works for the monsoon rains. 
6 August 2023, 00:00 AM

Banks’ profits hit by lower income from forex market

The combined profits of 35 listed banks in Bangladesh dropped 9 percent year-on-year to Tk 4,160 crore during the first half of 2023 as volatility in the country’s foreign exchange market has curbed their commissions from forex dealings.
6 August 2023, 00:00 AM

Local company buying new oil tanker for the first time

For the first time, a local private company is going to buy a new oil tanker instead of purchasing a second hand one to avail better performances and a longer service period.
5 August 2023, 18:00 PM

Silk factory in Thakurgaon resumes production after 21 years

After nearly 21 years, Thakurgaon Silk Factory resumed its production last week with the new name ‘Suprio Silk Factory’.
5 August 2023, 18:00 PM

TikTok unveils changes to meet tough new EU rules

Video-sharing platform TikTok announced Friday changes to meet strict EU rules including allowing European users to turn off the addictive feature that shows content based on their interests.
5 August 2023, 18:00 PM

Daily Shopping opens outlet in Rajshahi

Retail chain shop Daily Shopping, a concern of Pran-RFL Group, has recently opened an outlet near Nagar Bhaban in Rajshahi city.
5 August 2023, 18:00 PM

UCB holds training for agri entrepreneurs

United Commercial Bank (UCB) organised a skills development training for agriculture entrepreneurs under its agri-CSR project “Voroshar Notun Janala” at the Navy Convention Centre in Chattogram yesterday.
5 August 2023, 18:00 PM