Senior Citi officials visit Bangladesh

Ashu Khullar, chief executive officer of Citi India and region head for South Asia, and Shekar Rajashekaran, managing director and sub-cluster head for Bangladesh and Sri Lanka, recently visited Dhaka.
5 July 2023, 18:00 PM

Banglalink launches tourist SIM

Mobile phone operator Banglalink yesterday launched tourist SIM, enabling foreign travellers to enjoy a seamless telecommunication service during their stay in Bangladesh.
5 July 2023, 18:00 PM

Rules on ‘tax deducted at source’ framed as per new tax law

The National Board of Revenue (NBR) has framed rules regarding tax deducted at source (TDS) in line with the new income tax law that came into effect last month.
5 July 2023, 18:00 PM

What does it take to be a CEO?

The role and duties of a chief executive officer have changed a lot over the last 15 to 20 years. Becoming highly knowledgeable about technology is now a job requirement. Both internal and external stakeholders have become much more demanding too.
5 July 2023, 18:00 PM

UK looks to deepen trade ties with Bangladesh

The United Kingdom is committed to working with Bangladesh closely to deepen trade and investment ties between the two countries, said UK Minister for International Trade Nigel Huddleston. 
5 July 2023, 18:00 PM

Regulator asks Banglalink to clear Tk 823cr dues

The telecom regulator has instructed Banglalink to clear dues worth around Tk 823 crore after carrying out an audit into the mobile phone operator for the period from 1996 to 2019.
5 July 2023, 18:00 PM

Wristwatch market seeing steady uptick

Wristwatches have long been considered as a status symbol for being a stylish tool that has practical uses while also being a clear indicator of the wearer’s social standing.
5 July 2023, 18:00 PM

Internet subscriber base sees growth for 4th month straight

The number of internet subscribers in Bangladesh rose by about 12 lakh in May from a month earlier thanks to an increase in the country’s mobile subscriber base.
5 July 2023, 00:45 AM

Non-traditional products that are driving exports alongside RMG

Apart from garment items, some non-traditional products played a vital role in gaining export earnings for Bangladesh even amid the global economic slowdown in the previous fiscal year.
5 July 2023, 00:30 AM

Falling exports of four major sectors raise alarm

Although Bangladesh posted a higher export growth in the just-concluded fiscal year on the back of garments and some non-traditional items, four major sectors suffered a fall, raising concerns for the economy and the employment sector. 
5 July 2023, 00:15 AM

Bond trading in secondary market still negligible

The trading of treasury bonds in the stock exchange of Bangladesh has remained low although eight months have passed since their debut on the secondary market, owing largely to higher transaction costs and a lack of awareness among individual investors.
5 July 2023, 00:00 AM

Strong legal system needed to end default loan culture

A strong legal system is required to end the default culture and stop defaulters from using writs to defer loan repayments and secure fresh credits, said Abdul Hai Sarker, chairman of Dhaka Bank Ltd. 
4 July 2023, 18:00 PM

StanChart wins Asiamoney’s ‘Best Int’l Bank in Bangladesh’ award

Standard Chartered won the “Best International Bank in Bangladesh 2023” title at the Asiamoney Best Bank Awards for the bank’s commitment to accelerating sustainable solutions, revolutionising customer experience through digitalisation, driving inclusion across communities and powering continuous innovation.
4 July 2023, 18:00 PM

Green chili import thru Hili suspended on fear of losses

Imports of green chili through Hili land port in Dinajpur have been suspended as importers fear incurring losses in face of falling prices in local markets.
4 July 2023, 18:00 PM

US manufacturing slump deepens

US manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the Covid-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the economy.
4 July 2023, 18:00 PM

Prime Bank wins Asiamoney award

Prime Bank Limited won the “Best Bank for Environmental, Social, and Governance in 2023” award by The Asiamoney, a UK-based financial and management publication.
4 July 2023, 18:00 PM

Karim becomes independent director of Eastland Ins

Md Abdul Karim, former principal secretary to the prime minister, has recently been appointed as an independent director of Eastland Insurance Company.
4 July 2023, 18:00 PM

City Bank approves 12% dividends

City Bank’s profit after tax has increased to Tk 450 crore in 2022 compared to the pre-Covid figure of Tk 250 crore in 2019.
4 July 2023, 18:00 PM

Institutional imperative and our banking industry

Corporate executives usually control their business operations through a standard operating procedure. However, on some occasions, executives act differently under the influence of an unseen force referred to as institutional imperative. 
4 July 2023, 18:00 PM

Banks told not to sell dollar for over Tk 109

The Bangladesh Foreign Exchange Dealers’ Association (Bafeda) has asked banks in the country not to sell US dollars to importers for beyond Tk 109 per greenback as some lenders recently breached the rule.
4 July 2023, 18:00 PM