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Economy
Private sector’s foreign borrowing falls in June
Short-term foreign debt in the private sector fell to $13.66 billion in June, down 3 percent from $14.08 billion in May, as repayments outpaced new loans during the period, according to Bangladesh Bank.
1 August 2023, 00:00 AM
How much investment is needed for tax-saving
The Income Tax Act 2023 has specified the amount of tax rebate you will get to reduce your tax liability. But your investment allowance is not specified.
1 August 2023, 00:00 AM
Exporters to get Tk 108.5 for each dollar from today
Banks yesterday hiked the buying and selling rates of US dollar as part of efforts to gradually reach a uniform exchange rate for the greenback by September this year.
31 July 2023, 18:00 PM
89.35% votes cast in FBCCI polls
The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) took place yesterday to elect the leadership for the country’s apex trade body for the 2023-25 tenure.
31 July 2023, 18:00 PM
bKash, Pragati Life Insurance to launch digital bank
bKash and Pragati Life Insurance Ltd yesterday became the latest companies in Bangladesh to share plans to roll out digital banks as the country looks to offer financial services using technologies and accelerate financial inclusion.
31 July 2023, 18:00 PM
Most listed MNCs post higher profits despite headwinds
Most of the listed multinational companies operating in Bangladesh witnessed higher profits and sales in the April-to-June quarter despite persisting economic challenges at home and abroad, inflationary pressures and higher raw materials prices.
31 July 2023, 18:00 PM
Unilever Consumer Care posts lower profit
Unilever Consumer Care, previously known as GloxoSmithKline, registered a fall in profits in the April-June period of 2023.
31 July 2023, 18:00 PM
bKash makes profit of Tk 2.37cr in Q2
bKash, the largest mobile financial service provider of Bangladesh, made profit for the second consecutive quarter in the April to June period of 2023 thanks to higher revenue and larger finance income.
31 July 2023, 18:00 PM
ICB declares 34.9% dividend
The Investment Corporation of Bangladesh (ICB) declared a 34.9 per cent dividend for 2022-2023.
31 July 2023, 18:00 PM
Unilever holds session on ‘plastic sustainability’
Unilever Bangladesh Ltd recently organised a special session styled “Navigating the Path to Plastic Sustainability with Zaved Akhtar” at its corporate office in Dhaka as part of their World Environment Day 2023 campaign.
31 July 2023, 18:00 PM
Kabir, Iqbal re-elected as NRB Bank’s vice-chair
Golam Kabir and Mohammed Jamil Iqbal have been re-elected as vice-chairmen of NRB Bank Ltd at a meeting of the board of directors of the bank held at its head office in Dhaka recently.
31 July 2023, 18:00 PM
Nagad wins ‘Fastest to Unicorn Award’
Nagad, a mobile financial service provider in Bangladesh, has won the “Fastest to Unicorn Award” at Bangladesh Startup Summit 2023 for becoming a unicorn startup only in four years of its launch.
31 July 2023, 18:00 PM
Islami Bank takes PLC suffix
The name of Islami Bank Bangladesh Ltd has been changed to Islami Bank Bangladesh PLC, Bangladesh Bank said in a circular yesterday.
31 July 2023, 18:00 PM
IDLC posts lower profit in Q2
IDLC Finance Ltd posted 13 per cent lower profit year-on-year to Tk 37.83 crore in the April-June quarter of 2023 owing to a fall in net interest income, investment income and other earnings.
31 July 2023, 18:00 PM
JMI Hospital Requisite to set up hospital
JMI Hospital Requisite Manufacturing Limited (JHRML), a medical device and component manufacturer, has decided to set up a hospital in the capital city.
31 July 2023, 18:00 PM
Three fish varieties that revolutionised aquaculture
Bangladesh witnessed a massive growth in fish production in the last 12 years through aquaculture driven by a surge in yield of three fish varieties, namely pangas, tilapia and climbing fish (koi).
31 July 2023, 00:00 AM
Mastercard Experience Centre brings the future of commerce to life
Making payments using solar credits, enjoying a football match in a virtual reality stadium, scanning a product to understand the ethics of its supply chain -- these are just some of the next-generation technology propositions on display at the revamped Mastercard Experience Centre (MEC) in Singapore.
30 July 2023, 18:00 PM
Local startups ripe for drawing investment
Global investors can pour funds into Bangladesh’s burgeoning startups as the country has a large pool of internet users, a growing middle class and an entrepreneurial spirit among its youth.
30 July 2023, 18:00 PM
Beef to be Tk 50/kg cheaper in capital
The Bangladesh Dairy Farmers Association (BDFA) yesterday announced that its members would sell beef at a price that will be Tk 50 per kilogramme lower than the current rate.
30 July 2023, 18:00 PM
Application deadline extended to Aug 17
The application deadline for digital bank licences has been extended to August 17 this year, according to an official of Bangladesh Bank.
30 July 2023, 18:00 PM