ACI Motors sells 18.5% stake to Japan’s Mitsui at $22.75 million

Two senior Mitsui executives will join ACI Motors to widen their global reach
22 December 2024, 11:06 AM

BTRC blocks call services of three IGW operators

The Bangladesh Telecommunication Regulatory Commission (BTRC) recently ordered the suspension of all voice call services provided by three International Gateway (IGW) operators for breaching rules.
21 December 2024, 18:00 PM

Japan for reforms to combat corruption

Japan is eager to see reforms that eliminate corruption and improve governance, which are key factors for Japanese companies to invest in Bangladesh, said Japanese Ambassador to Bangladesh Iwama Kiminori.
21 December 2024, 18:00 PM

Inflation high as oligarchic grip still haunts economy

Even after the political changeover in early August, the domestic market has been reeling under the influence of oligarchs, according to economist Hossain Zillur Rahman.
21 December 2024, 18:00 PM

Drug sales growth slows amid high inflation

Sales growth of drugs slowed down in fiscal year 2023-24 ending last June, which could be an effect of high inflationary pressure prevailing in the country over the last two years.
21 December 2024, 18:00 PM

Penalty less than illegal gains fuels stock manipulation

While fines are intended to deter future offences, questions remain over their effectiveness if the amount is lower than the illegal gain.
21 December 2024, 18:00 PM

Govt to renew gas supply deal with LafargeHolcim

The interim government has decided to extend an agreement between the Jalalabad Gas Transmission and Distribution System and LafargeHolcim Bangladesh PLC on gas supply from January 17 of 2026, allaying concerns of investors.
21 December 2024, 18:00 PM

Market scoping and client onboarding in banks

Banks and banking seniors across the global or regional banking arena are being faced with one very important issue -- which market(s) to enter, which product to offer and which clients to choose and onboard.
21 December 2024, 18:00 PM

Reliable data, policy reforms needed to boost tech sector

The technology sector of Bangladesh is facing critical bottlenecks due to data inaccuracy, experts said at the 9th edition of the BRAC Bank-The Daily Star ICT Awards held last Friday.
21 December 2024, 18:00 PM

Joypurhat Sugar Mill starts 62nd sugarcane crushing season

This time, the mill will be operated for 34 days
21 December 2024, 13:18 PM

Presence of oligarchic market power still a major challenge: Hossain Zillur Rahman

The sixth edition of the Banking Almanac launched today
21 December 2024, 11:56 AM

ICT trailblazers honoured

Five companies and two individuals were honoured this evening at the 9th BRAC Bank-The Daily Star ICT Awards in recognition of their exceptional contributions to the advancement of Bangladesh’s information and communication technology sector
20 December 2024, 16:29 PM

ICT trailblazers to be honoured at 9th BRAC-The Daily Star ICT Awards

Five companies and two individuals are expected to receive the awards in six categories at the 9th edition of the BRAC Bank-The Daily Star ICT Awards
20 December 2024, 13:09 PM

World Bank approves $1.16bn for three Bangladesh projects

The World Bank today approved three loans totalling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development, it said in a statement.
20 December 2024, 05:26 AM

Panel formed to make tax expenditure policy

The National Board of Revenue (NBR) yesterday formed a nine-member committee to make a policy framework for tax expenditure.
19 December 2024, 18:57 PM

IMF sees brighter days for Bangladesh from FY26

The International Monetary Fund (IMF) yesterday said that the country's economic scenario may turn positive in fiscal year 2025-26 with the inflationary pressure easing and economic growth picking up.
19 December 2024, 18:09 PM

First Security Islami Bank: Almost 90pc of Tk 2,254cr loan to Sikder Group sours

As much as 89.3 percent of the credit extended by First Security Islami Bank, when controlled by the major Awami League beneficiary S Alam Group, to AL-affiliated Sikder Group by violating banking rules and regulations has become defaulted.
19 December 2024, 18:01 PM

CPA to extend deal with Saif Powertec to operate New Mooring terminal

Chittagong Port Authority (CPA) has opted to extend its deal with Saif Powertec Limited, allowing the company to operate its New Mooring Container Terminal (NCT) under direct procurement, as the process of floating an open tender to this end is facing delays..The agreement with the firm is
19 December 2024, 18:00 PM

Past glory, future worry

Years ago, Karim, a skilled fisherman, had a secret trick to catch fish. He would quietly tap the water three times, toss some crumbs, and wait. Like magic, the fish always came.
19 December 2024, 18:00 PM

Deposits in full-fledged Islamic banks fall

Savers are increasingly parking their funds at Islamic banking branches and windows of commercial banks in Bangladesh in a move away from full-fledged Shariah based banks, which were mired by irregularities during the tenure of previous government ousted in August this year.
19 December 2024, 18:00 PM