CSE turnover goes past Tk 300cr

The turnover at the Chittagong Stock Exchange (CSE) crossed the Tk 300-crore mark yesterday just a day after posting the highest ever turnover in the history of the port city bourse.
22 June 2023, 18:00 PM

The future of banking or a flash in the pan?

While struggling to find the English for “Hujuge Bangali” I decided that its essence gets somewhat lost in any other language, so I gave up. In the 80s, there was a mushrooming growth of small-size textiles, followed by a boom in the garments industry.    
22 June 2023, 18:00 PM

Sugar being sold at higher than govt rate

Although grocers started selling sugar at a rate higher than that fixed by the government in tune with demands made earlier by refiners and millers, the commerce minister yesterday said the price would be set after Eid-ul-Azha.
22 June 2023, 18:00 PM

Tax system enters a new era

The new income tax law of Bangladesh came into effect yesterday, ending a nearly 40-year era of the old ordinance issued in 1984. 
22 June 2023, 18:00 PM

‘Robust growth in RMG not reflected in job creation’

The robust growth in garment export has not been reflected in employment creation in the sector, according to an expert. 
22 June 2023, 18:00 PM

Tk 199 cashback on recharge of Tk 200 at Nagad

Mobile financial service provider Nagad in partnership with Grameenphone has launched a campaign styled “Ek Takar”, which offers cashback to further encourage digital transactions among people.
22 June 2023, 18:00 PM

MFS transactions hit record Tk 1.25 lakh crore in April

Mobile financial service (MFS) providers recorded Tk 1.25 lakh crore-worth transactions in April, the highest ever so far, buoyed by an increase in spending, payments and money transfers ahead of the Eid-ul-Fitr festival. 
22 June 2023, 02:20 AM

Mobile operators’ handsets now in instalments

Customers now can avail handsets in instalments when purchasing connections as the telecom regulator has finally decided to give the greenlight to mobile network operators in this regard. 
22 June 2023, 02:10 AM

Sugar costlier by Tk 10

Sugar prices have gone up at both wholesale and retail markets in Dhaka and Chattogram in a span of a week owing to tight supply and millers’ call for adjusting the price in line with rising global rates. 
22 June 2023, 02:00 AM

Jamdani shows promise in high-end global market

A new export opportunity has opened up for Bangladesh as high-end apparel items made from local fabrics such as jamdani bring higher prices and offer an increased level of value-addition.
22 June 2023, 01:50 AM

Banks to remain open in industrial areas on June 27, 28

Banks will keep their branches open on a limited scale in the industrial areas, including Dhaka and Chattogram, on June 27 and 28 to facilitate the payments of salaries, wages and festival allowances to the garment workers, employees and officials ahead of the upcoming Eid-ul-Azha.
21 June 2023, 18:00 PM

EU electric vehicle sales jump 71%

Electric vehicle (EV) sales in the European Union jumped 71 per cent in May while new car registrations grew for the tenth consecutive month, rising 18.5 per cent, data released by the region’s carmaker association showed on Wednesday.
21 June 2023, 18:00 PM

Indo-Bangla dialogue between think-tanks begins today

A two-day dialogue between one think-tank from India and another from Bangladesh will begin in Delhi today in order to discuss a wide range of bilateral issues. 
21 June 2023, 18:00 PM

Rules relaxed for short-term loan repayment

The Bangladesh Bank yesterday relaxed loan repayment facility for businesses that took short-term demand loans from banks.
21 June 2023, 18:00 PM

Forex reserves rise past $30b

The country’s foreign exchange reserves yesterday rose past $30 billion as the inflow of remittances is now maintaining an upward trend ahead of Eid-ul-Azha. 
21 June 2023, 18:00 PM

Arrest warrant issued against ex-CCCI president

A court has issued arrest warrants against a former president of the Chittagong Chamber of Commerce and Industry (CCCI), Murshed Murad Ibrahim, and his mother, Gulshan Ara Begum, for allegedly embezzling Tk 30 crore from National Finance Limited. 
21 June 2023, 18:00 PM

Synthetic footwear exports on a roll

The shipment of synthetic footwear and sports shoes from Bangladesh grew 6.21 per cent year-on-year in July-May of the outgoing fiscal year thanks to shifting orders from China and the expanding capacity of manufacturers. 
21 June 2023, 02:00 AM

Tax break to stay till 2036 for private power producers

The National Board of Revenue (NBR) has extended a tax holiday by 12 years on the income privately-run power plants, except for coal-fired ones, that will start generation of electricity anytime before June 30 next year. 
20 June 2023, 18:00 PM

‘Extended duty benefit to keep medicine prices in check’

The proposed budget has provided relief to pharmaceuticals manufacturers and patients as it retained duty-free import benefits for over 100 raw materials used in making life saving cancer, heart disease and diabetes drugs. 
20 June 2023, 18:00 PM

LC margin eased for importers serving SMEs

Bangladesh Bank (BB) yesterday relaxed rules regarding financing availed by commercial importers to cater to cottage, micro, small and medium enterprises (SMEs), aiming to accelerate growth of industries and jobs. 
20 June 2023, 18:00 PM