Two banks to raise Tk 900cr thru bonds

Two private lenders -- Dhaka Bank and Prime Bank -- will issue bonds to raise a total of Tk 900 crore.
2 July 2023, 18:00 PM

93 tonnes of green chili imported so far

About 93 tonnes of green chili have arrived in Bangladesh since the government allowed the import of the kitchen staple a week ago in order to tame its skyrocketing price, according to a notification from the agriculture ministry.
2 July 2023, 18:00 PM

Opec oil output drops slightly

Opec oil output has fallen only slightly in June as increases in Iraq and Nigeria limited the impact of cutbacks by others, despite a wider Opec+ deal and voluntary cuts by several members to support the market, a Reuters survey found on Friday.
2 July 2023, 18:00 PM

Delwer becomes independent director of Standard Bank

AKM Delwer Hussain has been appointed as an independent director of Standard Bank Limited.
2 July 2023, 18:00 PM

Eastland Ins gets new independent director

Hedayetullah Al Mamoon, former senior secretary, was recently appointed as an independent director of Eastland Insurance Company Limited.
2 July 2023, 18:00 PM

EBL wins ‘Best Domestic Bank in Bangladesh’ award

Eastern Bank Limited (EBL) won the “Best Domestic Bank in Bangladesh 2023” award given by The Asiamoney, a London-based financial and management publication.
2 July 2023, 18:00 PM

Eid vacation raises concern for mango farmers

The ongoing holiday centring Eid-ul-Azha has raised concerns among mango farmers that prices for the fruit may decline further in coming days despite the high production cost.
28 June 2023, 00:50 AM

Motorcycle sales in the slow lane ahead of Eid

Sales of motorcycles, particularly low-end ones, were disappointing ahead of the upcoming Eid-ul-Azha as the ongoing inflationary pressure has limited peoples’ purchasing power, according to market players.
28 June 2023, 00:40 AM

Another Eid comes, leather estate is still ill-equipped

Bangladesh’s two-decade-long quest to put in place a system that can process 100 per cent of rawhides generated during Eid-ul-Azha continues owing to the lower-than-required capacity of the Savar Tannery Industrial Estate (STIE).
28 June 2023, 00:30 AM

Barishal home to highest portion of recipients

The percentages of households and people getting support from the government’s Social Security Programmes (SSP) in Barishal are the highest among the country’s eight divisions, according to the Household Income and Expenditure Survey (HIES) 2022. 
27 June 2023, 18:00 PM

Some factories yet to pay festival bonus, wages

As of 8:00pm yesterday, about 76.92 per cent, or 2,449 of the 3,164 industrial units in Bangladesh, have paid their workers’ salaries for the first 15 days of June, according to data from the Industrial Police.
27 June 2023, 18:00 PM

Mutual fund investment tips for beginners

Mutual funds have emerged as a popular and beneficial option for individuals seeking to grow their personal wealth.
27 June 2023, 18:00 PM

EBL to buy exchange house in Dubai to woo remitters

Eastern Bank Ltd (EBL) has decided to purchase an exchange house in Dubai to attract more remittances sent by Bangladeshi migrants working in the emirate.
27 June 2023, 18:00 PM

Essentials’ Price Spiral: Munshi’s comment exposes govt’s helplessness

The commerce minister’s recent admission that stern measures against market manipulators could create a sudden crisis has exposed the helplessness and lack of political will of the government, said three top economists and a consumers’ body. 
27 June 2023, 18:00 PM

Jica offers Tk 2,273cr budgetary support loan

Japan International Cooperation Agency (Jica) will provide an Official Development Assistance loan of Tk 2,273 crore (equivalent to JPY 3,000 crore) as budgetary support for strengthening public financial management. 
27 June 2023, 18:00 PM

Poverty rose in Dhaka, Barishal, Sylhet

Although the national poverty rate dropped in 2022, it rose in Dhaka, Barishal and Sylhet divisions. 
27 June 2023, 18:00 PM

Remittance rebounds

Remittance rebounded in Bangladesh in the outgoing financial year, extending some breathing space to an economy struggling to keep its head above water amid the lingering crisis at home and abroad. 
27 June 2023, 00:00 AM

Walton opens branches in Kishoreganj, Narayanganj

Electronics sales and service provider Walton Plaza recently opened two branches – one in Kuliarchar of Kishoreganj and another at Dohargaon of Rupganj in Narayanganj.  
26 June 2023, 18:00 PM

Importers given more time for clearing payments

Bangladesh Bank yesterday extended the timeframe to repay import payments for industrial raw materials, including back-to-back imports, agricultural implements and chemical fertilizers.
26 June 2023, 18:00 PM

BGMEA again seeks extension of EU GSP

Local garment makers have once again urged the European Union (EU) to extend the transition period of the generalised system of preferences (GSP) to Bangladesh from three years to six years for a sustainable graduation from the least developed country (LDC) category in 2026.
26 June 2023, 18:00 PM