Policy consistency critical for attracting foreign investment

Commerce Adviser Sk Bashir Uddin questioned why foreign investors would be interested in investing in Bangladesh if even local entrepreneurs do not find the country’s business environment conducive.
20 January 2025, 18:00 PM

NBR plans to install nearly 20,000 EFDs in jewellery shops

The National Board of Revenue (NBR) plans to install nearly 20,000 electronic fiscal devices (EFDs) in jewellery shops across the country to boost revenue collection from the sector.
20 January 2025, 18:00 PM

BB rejects NRBC Bank’s plea to appoint Rabiul as MD

The Bangladesh Bank has rejected NRBC Bank’s application to appoint Md Rabiul Islam as its managing director (MD) due to his alleged involvement in irregularities.
20 January 2025, 18:00 PM

Advisory council undecided on Beximco factory sale

A state advisory council yesterday remained undecided on whether to sell 16 textile and garment factories of Beximco Group, citing that further scrutiny of bank statements was required.
20 January 2025, 18:00 PM

Khulna Printing shares triple in a month despite factory closure

Stocks of Khulna Printing & Packaging Ltd (KPPL) tripled in the past month despite the facts that it is languishing as a junk stock in the “Z” category, its operations have been shut for years, and there have been no positive developments about the company in recent times.
20 January 2025, 18:00 PM

Cement sector struggles amid political, economic challenges

Cement sales in Bangladesh plunged in 2024 due to political instability, rising production costs, and the deferment of the implementation of government infrastructure projects, leaving the industry operating at less than half its capacity.
20 January 2025, 18:00 PM

Bangladesh’s power subsidies highest among neighbours despite low use

Bangladesh has the highest per capita power subsidies among its four neighbouring countries, including India and Pakistan, despite having the second-lowest per capita consumption, according to an analysis by the Bangladesh Independent Power Producers Association (BIPPA).
20 January 2025, 18:00 PM

Bank officials can now travel abroad for trainings, seminars

BB eases foreign travel policy for bank officials
20 January 2025, 15:08 PM

BB rejects NRBC Bank’s plea to appoint Rabiul Islam as MD

The bank has been asked to submit another application nominating another suitable candidate
20 January 2025, 14:40 PM

NRPCL thermal power plant begins trial production in Patuakhali

The first unit of the power plant began generating power around 12:30am yesterday
20 January 2025, 12:11 PM

Govt to send teams abroad to get it back

The interim government is going to send teams to Dubai and other tax havens to identify Bangladeshis’ ill-gotten assets abroad and bring the money back.
20 January 2025, 11:45 AM

Investment and collaboration key to deepening Bangladesh-Malaysia partnership: BMCCI

The trade association gave a reception to the newly appointed high commissioner of Malaysia to Bangladesh
20 January 2025, 11:25 AM

NBR considers rolling back hiked VAT on motor garage, services

Following the protest, the NBR held a meeting with representatives of the Bangladesh Automobile Workshop Malik Samity, assuring them of keeping the VAT rate at the previous 10 percent
20 January 2025, 10:34 AM

Germany based Hellmann Worldwide to buy 40% stakes in Summit Alliance’s subsidiary 

Hellmann and CTSL signed a share subscription agreement on January 19 in this regard
20 January 2025, 06:35 AM

Dhaka stocks edging up since morning  

DSEX gained 28.95 points as of 11:14 am  
20 January 2025, 05:38 AM

Stocks rebound after five-day decline

The indexes of the stock market in Bangladesh rebounded yesterday, snapping a five-day losing streak..The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up by 11.15 points, or 0.22 percent, from the previous day to close at 5,145..Similarly, the DSES, the index th
19 January 2025, 18:03 PM

Forex market in disarray

Bangladesh Bank has officially given the green light for banks to trade foreign currency at freely negotiated rates, but there’s a catch. An unofficially imposed mechanism has upset the foreign exchange market, undermining the intent of liberalisation.
19 January 2025, 18:00 PM

India to allow 1m tonnes of sugar exports this year

India is set to allow exports of 1 million metric tons of sugar during the current season, government and industry sources said, to help mills export surplus stocks from the world’s second biggest producer of the sweetener and help prop up local prices.
19 January 2025, 18:00 PM

Trump launches his own meme coin, value soars

US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars.
19 January 2025, 18:00 PM