Mayeenuddin elected Brac Bank’s vice-chairperson

Faruq Mayeenuddin, an independent director of Brac Bank Ltd, has been elected as the vice-chairperson of the bank.
8 July 2023, 18:00 PM

Hili land port misses revenue target again

The Hili land port has failed to reach its revenue collection target for the second consecutive year by a big margin.
8 July 2023, 18:00 PM

Fiscal transparency in Bangladesh

Fiscal transparency can be defined as the wide availability and easy access of government financial information to encourage accountability and trust. It refers to the extent to which a government publishes and delivers accurate information about its financial activities and obligations.
8 July 2023, 18:00 PM

High-end car sales in slow lane

Sales of sport utility vehicles (SUVs) and luxury cars are in the slow lane as the demand for high-end automobiles has fallen significantly amid the ongoing economic crisis, according to market players.
8 July 2023, 18:00 PM

IBBL, Agrani, Al-Arafah top remittance recipient banks in FY23

Islami Bank Bangladesh Ltd (IBBL) retained the top spot among the lenders bringing remittance to the country in the just-concluded fiscal year, data from the central bank showed.   
7 July 2023, 00:30 AM

Bicycle exports backpedal by 15.31pc

Bicycle exports from Bangladesh declined 15.31 per cent in the preceding fiscal year (FY) as demand fell amid the global cost-of-living crisis resulting from the ongoing Russia-Ukraine war.
7 July 2023, 00:10 AM

RMG exporters bracing for difficult times as orders slow

Apparel exporters are anticipating that the next six months will be challenging for the garment industry in Bangladesh as they receive fewer work orders from international buyers amid inflationary pains and depressed customer sentiments.
7 July 2023, 00:00 AM

India’s vehicle sales go up

Retail sales of cars and bikes in India rose in June, an industry body said on Thursday, while also flagging “demand-supply mismatches” that likely caused some disruption.
6 July 2023, 18:00 PM

Dhaka Bank wins Asiamoney Awards 2023

Dhaka Bank recently won the title of “Best Corporate Bank in Bangladesh” at the Asiamoney Best Bank Awards 2023 for its contribution to garments, construction, consumer financing, and power sector.
6 July 2023, 18:00 PM

Dhaka chamber signs deal with DSCC on trade licence renewal

Members of the Dhaka Chamber of Commerce and Industry (DCCI) can now enjoy online facilities for renewing the trade licence of their businesses registered with the Dhaka South City Corporation (DSCC).
6 July 2023, 18:00 PM

Corporate victim stigma!

Incidentally, in the last few months, I had the privilege of spending time with a few top executive-level friends who shared their experiences of being victims of corporate politics. In most cases, their bosses used them as scapegoats to protect themselves.
6 July 2023, 18:00 PM

BSCIC plans Tk 800cr project to make tannery CETP fully functional

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has sent a proposal to the industries ministry for taking a project that will make the Central Effluent Treatment Plant (CETP) at the Savar Tannery Industrial Estate (STIE) fully functional.
6 July 2023, 18:00 PM

Forex reserve falls below $30b again

Bangladesh’s foreign exchange reserves fell to $29.97 billion yesterday after the Bangladesh Bank cleared $1.09 billion of import bills through the Asian Clearing Union (ACU), an arrangement for settling payments for intra-regional transactions among eight countries, said a BB official.
6 July 2023, 18:00 PM

ICB approves Tk 20cr loan for Prime Bank Investment

The Investment Corporation of Bangladesh (ICB) has approved a loan of Tk 20 crore in favour of Prime Bank Investment Limited (PBIL), a merchant bank, from the “special fund for affected small investors of capital market” on a repayment basis.
6 July 2023, 18:00 PM

Eastern Bank wins ZTE’s award

Eastern Bank Ltd won the “Best Bank Guarantee Partner in Bangladesh 2022” award by a Chinese multinational technology company ZTE for providing quality services for the latter over the years.
6 July 2023, 18:00 PM

Threads crosses 10m users within hours of launch

More than 10 million people have signed up to Threads, Meta’s rival to Twitter, within the first few hours of its launch, the Facebook parent’s CEO Mark Zuckerberg said Thursday.
6 July 2023, 18:00 PM

Pharmaceutical exports shrank 7pc in FY23

Pharmaceutical exports from Bangladesh shrank 7 per cent year-on-year in fiscal 2022-23 due to the impacts of global economic crises and subsequent US dollar shortage in most underdeveloped countries.
6 July 2023, 00:45 AM

Now onion price on the rise

Onion prices have gone up in both wholesale and retail markets in Bangladesh in the span of a week owing to the higher cost of imported varieties of the kitchen staple.
6 July 2023, 00:30 AM

Wheat import falls for third year straight

Bangladesh’s wheat imports fell for the third consecutive year, suffered by falling consumption for high prices and banks’ sluggishness in opening letters of credit (LCs) amid the US dollar crisis, importers said yesterday.
6 July 2023, 00:15 AM

Workers’ woes won’t end as inflation outpaces wage growth

The cost-of-living crisis seems to have brought more woes for daily workers in Bangladesh than other groups of labourers as their average wage growth has been below the inflation rate for the past two fiscal years.  
6 July 2023, 00:00 AM