BB brings back relaxed loan repayment facility

The Bangladesh Bank yesterday reintroduced its relaxed loan repayment facility to support borrowers struggling to pay back amid lingering crisis at home and abroad.
20 June 2023, 18:00 PM

Don’t increase sugar price now: CAB

The Consumers Association of Bangladesh (CAB) has urged the government not to increase sugar price at this moment.
20 June 2023, 18:00 PM

Agribusiness bears highest potential among emerging sectors

Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida). 
20 June 2023, 18:00 PM

Midland Bank launches digital loan

Midland Bank Limited yesterday launched MDB Digital Loan and MDB Contactless Cards on the day of its 10-year commercial operations in the banking sector of Bangladesh.
20 June 2023, 18:00 PM

Bill placed to define movable assets as collateral

The Secure Transactions of (Moveable Assets) Bill 2023 was placed in parliament yesterday aiming to bring movable property under the definition of collateral for bank loans.
20 June 2023, 18:00 PM

Simple policies for logistics demanded

The Logistics Infrastructure Development Working Committee (LIDWC) yesterday urged the government to simplify the existing policy framework for the logistics sector to achieve national growth target, strengthen capacity in trade and investment for reducing the cost of business
20 June 2023, 18:00 PM

EBL to arrange Tk 332cr loan for lithium battery project

Eastern Bank Limited (EBL) will arrange a syndicated term loan facility of Tk 332.6 crore for Bangladesh Lithium Battery Limited.
20 June 2023, 18:00 PM

Bangladesh can be the next outsourcing destination: PwC

Bangladesh has immense potential to become the next outsourcing destination riding on a higher proportion of the working age population and the government’s initiatives aimed at attracting investments, a new study said.  
20 June 2023, 18:00 PM

NBFIs now get new interest rate setting formula

The Bangladesh Bank yesterday introduced a new interest rate-setting method for non-bank financial institutions (NBFIs), a day after it took a similar move for banks. 
20 June 2023, 18:00 PM

National logistics committee demands simplified policies

It made the call in a meeting at the PMO
20 June 2023, 13:20 PM

Inflationary pains for common people to persist

Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.
20 June 2023, 02:00 AM

StanChart, UCEP training to empower 2,000 youths

UCEP Bangladesh in collaboration with Standard Chartered has launched an entrepreneurship development initiative with a view to empowering 2,000 vulnerable youths with employable skills and entrepreneurship training.
19 June 2023, 18:00 PM

How business-friendly new income tax law is

It’s been long since we had been following the Income Tax Ordinance 1984 and the most important issue is that the International Monetary Fund (IMF) has imposed a condition at the time of approval of the loan to the government to introduce a new tax act.
19 June 2023, 18:00 PM

Refiners want 20% hike in retail sugar price

The refiners yesterday urged the government to hike retail prices of packaged sugar by 20 per cent to Tk 150 a kilogramme citing spiral in import costs due to a rise in the sweetener’s international rates and higher spending for US dollar.
19 June 2023, 18:00 PM

Allow more private ETPs in Savar tannery estate

The government should allow more private companies to build effluent treatment plants (ETPs) inside Savar Tannery Industrial Estate (STIE), said Shaheen Ahmed, chairman of Bangladesh Tanners Association (BTA), yesterday.
19 June 2023, 18:00 PM

Boon for savers as interest rate cap is scrapped

The new interest rate-setting method introduced by the central bank is going to benefit depositors as well as people who take consumer loans. 
19 June 2023, 18:00 PM

MFIs, NGOs to face greater scrutiny from taxmen

Microfinance institutions (MFIs) will have to pay taxes from fiscal year 2023-24 if they do not keep their income from service charges in a revolving fund.
19 June 2023, 18:00 PM

Ahsanul becomes Islami Bank’s new chairman

The board of Islami Bank Bangladesh Ltd (IBBL) yesterday elected Ahsanul Alam as the chairman of the shariah-based lender.
19 June 2023, 18:00 PM

Time to diversify exports to UK

Bangladesh considers the United Kingdom (UK) as an important export destination and it is time for diversifying the export basket, as the bilateral trade is currently concentrated on a few specific items, FBCCI President Md Jashim Uddin said today.
19 June 2023, 18:00 PM

Pran Agro to raise Tk 262cr thru bonds

Pran Agro is going to raise funds of Tk 262.5 crore form institutional investors and high-net worth people by issuing bonds.
19 June 2023, 18:00 PM