MJL to spend up to $47m to buy oil tanker

Mobil Jamuna Lubricants (MJL) Bangladesh Ltd, which blends and markets lubricants and grease products, yesterday announced that its board has approved the purchase of a used oil tanker within a range of $45 million to $47 million.
25 November 2024, 18:00 PM

It’s time to forget Silicon Valley formula and build our own

The world has long been captivated by Silicon Valley: the land of endless innovation, where founders start in garages and build tech giants. It is a formula that many have tried to emulate, but it’s time for Dhaka to write its own recipe—one that works for our unique context, strengths, and challenges.
25 November 2024, 18:00 PM

Poor navigability disrupts cargo transport through Nagarbari port

Nagarbari port, one of the largest riverports in Bangladesh, is mainly used to facilitate the transport of imported fertiliser and coal from Chattogram to 16 northern districts of the country.
25 November 2024, 18:00 PM

BB asks banks to rebuild image

Bangladesh Bank yesterday asked banks to find a way to rebuild the image of the country’s banking sector in the international arena as Moody’s recently downgraded Bangladesh’s long-term ratings to B2 from B1.
25 November 2024, 18:00 PM

Banks reel from liquidity crisis despite rising deposit rates

Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
25 November 2024, 18:00 PM

Govt to speed up development spending to revive economy

The interim government is going to ask ministries to accelerate the implementation of ongoing development projects, Planning Adviser Prof Wahiduddin Mahmud said, as he believes this would help avert a further economic slowdown.
25 November 2024, 18:00 PM

BFIU seeks account details of 10 journalists 

The anti-money laundering agency also sought details of accounts belonging to Monjurul Ahsan Bulbul, editor-in-chief of TV Today, Abdul Gaffar Khan, chief in editor of Dainik Amar Somoy, and Chowdhury Jafarullah Sharafat, acting editor of Dainik Bangla.
24 November 2024, 16:50 PM

LDC graduation won’t cause medicine prices to spike: study

Medicine prices will not rise because of Bangladesh’s graduation from the group of least developing countries (LDCs) to a developing nation in 2026, but structural challenges in the health sector and rising energy costs may have an impact, a study found.
23 November 2024, 18:00 PM

Energy prices have huge impact on inflation: study

Price shocks in coal, oil, and liquefied natural gas (LNG) have profound effects on inflation, exchange rates, and reserves, according to new studies of the South Asian Network on Economic Modeling (Sanem).
23 November 2024, 18:00 PM

$4b spent a year on healthcare abroad

Bangladeshis spend around $4 billion abroad every year for healthcare, according to Malik Talha Ismail Bari, senior vice president of the Dhaka Chamber of Commerce and Industry (DCCI).
23 November 2024, 18:00 PM

Economic recovery amid supply chain disruptions

Asia forms the backbone of the world economy, powering vital supply chains from electronics hubs in Taiwan and South Korea to garment factories in Bangladesh.
23 November 2024, 18:00 PM

Tourism in Cox’s Bazar gaining momentum

With temperatures around Bangladesh dropping ahead of winter, hotels, restaurants and tourist attractions around Cox’s Bazar are being crowded by visitors.
23 November 2024, 18:00 PM

Govt trying to contain food prices for Ramadan

The interim government is taking steps to ensure that prices of essential food commodities are within tolerable levels during upcoming Ramadan, said Commerce Adviser Sk Bashir Uddin yesterday.
23 November 2024, 18:00 PM

Navana Pharma posts 12% profit growth in Q1

Navana Pharmaceuticals’ profit grew in the first quarter of the current financial year thanks to strong sales.
22 November 2024, 18:00 PM

S Alam says Singapore citizenship is a shield against central bank ‘intimidation’: FT

The letter and Saiful Alam’s threat to pursue international arbitration mark his most serious pushback yet against Bangladesh’s interim government.
20 November 2024, 02:31 AM

Gold price hiked again

In July last year, the price of gold crossed the Tk 1 lakh mark for the first time in Bangladesh.
19 November 2024, 14:31 PM

NBR halves VAT to cool off edible oil prices

The revenue board believes the VAT exemption will keep edible oil prices at a bearable level.
19 November 2024, 14:23 PM

Govt permits import of 18.80 crore eggs

In October this year, inflation hit a three-month high of 10.87 percent
19 November 2024, 12:29 PM

Bad loans hit alarming record

Awami League-affiliated businesses had already put the country’s banking sector in trouble with huge bad debts, but the loans disbursed through irregularities to these companies turned sour even at a more alarming pace after the party’s ouster.
17 November 2024, 18:40 PM

Deadline for tax return submission extended to Dec 31

The deadline for individual taxpayers to file their tax returns has been extended by a month by the National Board of Revenue (NBR).
17 November 2024, 18:00 PM