Land output fell 0.44% from 2011 to 2020: BIDS

Bangladesh’s land productivity declined by 0.44 percent from 2011 to 2020, likely due to soil degradation, reduced fertility and unsustainable farming practices, according to a study of the Bangladesh Institute of Development Studies (BIDS).
10 December 2024, 18:00 PM

Bangladesh owes $124m in blocked airline funds

Bangladesh has reduced the amount of funds belonging to airlines that have been blocked from repatriation by $124 million over the last six months, the International Air Transport Association (IATA) said recently.
10 December 2024, 18:00 PM

China’s Xi warns ‘no winners’ in trade war with US

Chinese President Xi Jinping warned Tuesday that there would be “no winners” in a trade war with the United States and vowed the country would hit its growth goals for the year.
10 December 2024, 18:00 PM

Stop seeking tax exemptions

Finance Adviser Salehuddin Ahmed yesterday criticised long-term tax exemption beneficiaries who, despite receiving benefits for decades, continue to make demands for further protections.
10 December 2024, 18:00 PM

BSEC makes more major moves

The Bangladesh Securities and Exchange Commission (BSEC) yesterday decided to conduct a special audit into three major concerns of much-discussed Beximco Group and fined 21 individuals and firms Tk 134 crore for their involvement in the manipulation of shares of Bangladesh Finance and two concerns of Orion Group.
10 December 2024, 18:00 PM

Adani seeks fresh lifeline for power plant supplying Bangladesh

Adani Power Ltd is seeking fresh concessions from New Delhi for its $2 billion coal-fired plant in eastern India, which is currently struggling with a payments backlog from Bangladesh, the lone buyer of its electricity, reports Bloomberg.
10 December 2024, 18:00 PM

High registration cost, taxes slow Bangladesh’s shift to cleaner EVs

Despite the country’s efforts to reduce pollution and transition to cleaner cars, electric vehicle (EV) sales are yet to pick up due to multiple factors, including taxes and high registration costs, which sellers describe as “impractical”.
10 December 2024, 18:00 PM

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin.
10 December 2024, 18:00 PM

Signs of trend reversal as imports continue to rebound

Despite capital machinery imports decreasing sharply, the resurgence in Bangladesh’s overall imports continued for a third straight month in October due to increased production in industries, especially export-oriented sectors, signalling that there may be some light at the end of the tunnel.
10 December 2024, 18:00 PM

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak
10 December 2024, 15:51 PM

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry
10 December 2024, 14:41 PM

City Bank restructures salary to support employees amid inflation

Salaries will be increased a minimum of 10 percent and a maximum of 50 percent
10 December 2024, 12:16 PM

Bangladesh’s exports may rise as Trump considers tariffs on China, says top businessman

"The imposition of higher tariffs on Chinese goods by the Trump administration could prompt international businesses and investors to turn to Bangladesh," Ahsan Khan Chowdhury, chairman of Pran-RFL Group, said today
10 December 2024, 08:54 AM
10 December 2024, 07:00 AM

BFIU asks banks to provide account details of Hasina, Rehana

The anti-money laundering agency also seeks banks details of Bangabandhu Sheikh Mujibur Rahman Memorial Trust 
10 December 2024, 05:31 AM

Stocks up in morning trade  

Total turnover stood at Tk 80.31 crore
10 December 2024, 05:27 AM

NBR conducts drive at resort of ex-DB chief’s relatives

The National Board of Revenue’s (NBR’s) Central Intelligence Cell (CIC) yesterday conducted a drive at “President Resort” in Kishoreganj, around 100km north of the capital.
9 December 2024, 21:10 PM

What exactly were global institutions overseeing?

Noted economist Debapriya Bhattacharya raised concerns about the role of global institutions, indicating the International Monetary Fund (IMF) and the World Bank (WB), in assessing Bangladesh's debt sustainability under the previous regime as the country faces increasing pressure from escalating debt servicing obligations.
9 December 2024, 20:10 PM

Bangladesh has 1.22cr economic enterprises

There are 1.22 crore economic enterprises across the country, according to the Bangladesh Bureau of Statistics (BBS)..Among them, 76 lakh are business establishments and 46 lakh are economic units, the national statistics agency found during the primary mapping ‍and listing work for the co
9 December 2024, 18:48 PM

DSE’s turnover continues to tumble

Stock trading in Bangladesh has slowed in recent months as most investors are not placing fresh bets considering the market’s bleak outlook amid ongoing economic uncertainties. As such, daily turnover of the Dhaka Stock Exchange (DSE) plunged by 5.02 percent to Tk 279 crore yesterday, mark
9 December 2024, 18:43 PM