Bangladesh remittance fair in New York next month

In a bid to increase remittance flow from the USA, a show titled “Bangladesh Remittance Fair” will be organised at Hilton Midtown Hotel in New York next month. 
3 August 2023, 18:00 PM

Who is the next superpower?

One day, the United States, China and Russia met at a racecourse and started arguing about who the next global superpower will be. The United States said, “With the most powerful military in the world, we can defeat any country in a war.”
3 August 2023, 18:00 PM

ADB mobilises $261m for expressway

The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestions and provide better connectivity.
3 August 2023, 18:00 PM

Local operator to launch Dhaka-Kolkata cruise

A vessel owner in Bangladesh is seeking to run a 10-day cruise from Dhaka to Kolkata. 
3 August 2023, 18:00 PM

Bangladesh’s export-GDP ratio lowest among LDCs

When it comes to the percentage of goods and commercial services exports in gross domestic product (GDP), Bangladesh has had some of the lowest figures among 46 least developed countries (LDCs) over the years. 
3 August 2023, 18:00 PM

BB gets down to rolling out Taka Pay card

The Bangladesh Bank has stepped up efforts to roll out a national card this year in order to cut the country’s reliance on international cards and save foreign currencies. 
3 August 2023, 00:00 AM

Thumbprints now mandatory for taking loans

In the wake of some borrowers and guarantors denying having been provided loans, Bangladesh Bank (BB) yesterday made it compulsory for banks to take thumbprints to ensure proper recovery of depositors’ money, which was welcomed by bankers. 
2 August 2023, 18:00 PM

200MW solar power plant opens

Prime Minister Sheikh Hasina yesterday inaugurated a 200-megawatt (MW) solar power plant, the highest renewable resource-focused power generation capacity of a single facility in the country, built by Beximco Power Ltd. 
2 August 2023, 18:00 PM

ShopUp wins ‘Investment Excellence Award’

ShopUp, a B2B platform for small businesses, has won “Investment Excellence Award” at the Bangladesh Startup Summit 2023 for raising more than $201 million from investors.
2 August 2023, 18:00 PM

BGIC achieves ‘AAA’ credit rating

Bangladesh General Insurance Company (BGIC) Ltd has achieved Triple-A (‘AAA’) credit rating in the long-term and ‘ST-1’ in the short term.
2 August 2023, 18:00 PM

Oil price falls

Oil prices edged lower on a stronger dollar and signs of profit-taking after a rally in July when investors bet on tighter global supplies and demand growth in the second half of 2023.
2 August 2023, 18:00 PM

Textile Talent Hunt’s eighth edition launched

The eighth edition of a talent grooming competition titled Textile Talent Hunt was launched yesterday by Textile Today Innovation Hub, a platform of a textile industry-based magazine Textile Today.
2 August 2023, 18:00 PM

Govt working to double farm productivity by 2030: Razzaque

The agriculture ministry is working to reduce production costs and increase the variety of crops being cultivated with the aim of doubling agricultural productivity by 2030, according to Agriculture Minister Muhammad Abdur Razzaque.
2 August 2023, 18:00 PM

DGepay gets payment operator’s licence

DGepay Services Limited has received the licence to run as a payment system operator.
2 August 2023, 18:00 PM

Nagad returns NBFI licence to become digital bank

Nagad has surrendered its non-bank financial institution (NBFI) licence as most of its shareholders are for it to become a digital bank, said Tanvir A Mishuk, managing director of the mobile financial service (MFS) provider, yesterday. 
2 August 2023, 18:00 PM

Why unemployment rate is decreasing

Unemployment has declined in Bangladesh, and although this means more people are contributing to the economy, analysts are not too upbeat about the development as most of the growth took place in agriculture.
2 August 2023, 18:00 PM

BGMEA misses deadline to form election board

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has missed the deadline to form the election board to hold the polls in order to elect the leadership for 2023-25.
2 August 2023, 18:00 PM

Low rainfall forces farmers to irrigate Aman fields

After 16 percent below normal rainfall in June, Bangladesh saw a drier July as it registered 50.8 percent below normal rain, which forced many farmers to irrigate their fields to cultivate Aman paddy, the second largest rice crop.
2 August 2023, 00:00 AM

Insurance claim settlement far below average

Claim settlement in the insurance sector in Bangladesh stood at 67 percent in 2022, highlighting bad investments and non-compliance that prevented insurers from attaining a higher ratio, data from the regulator showed.
2 August 2023, 00:00 AM

Chinese FDI showing strong growth

Bangladesh has seen rapid growth in foreign direct investment (FDI) from China ever since the country joined its Belt and Road Initiative (BRI) in 2016, according to a report by the Chinese embassy in Dhaka.
1 August 2023, 18:00 PM