White-collar crimes: Bangladesh perspective

Readers may agree with my supposition that the current financial misfortune of Bangladesh is largely caused by white-collar crimes. Edwin Sutherland, a US sociologist who coined this terminology, defined white-collar crime as “a crime committed by a person of respectability and high social status in the course of his occupation”.
8 September 2024, 18:00 PM

Women ride Pakistan’s economic crisis into the workplace

Amina Sohail veers through heavy traffic to pick up her next passenger –- the sight of a woman riding a motorcycle drawing stares in Pakistan’s megacity of Karachi.
8 September 2024, 18:00 PM

NBR to open e-tax filing portal today

The National Board of Revenue (NBR) will open its online tax return submission portal today to facilitate digital income tax, wealth statement and other tax submissions by individual taxpayers for fiscal year 2024-25.
8 September 2024, 18:00 PM

S Alam entities have Tk 26,000cr in six banks

Some entities of the much-talked-about S Alam Group and some family members of the group’s founder Mohammed Saiful Alam have around Tk 26,000 crore in six banks, said insiders, citing data sent by the banks to the National Board of Revenue (NBR).
8 September 2024, 18:00 PM

Taskforce for banking sector to start work in 10 days

Bangladesh Bank Governor Ahsan H Mansur yesterday said the taskforce being formed for identifying areas of concern in the country’s banking sector will begin working within the next 10 days.
8 September 2024, 18:00 PM

YiXin Bangladesh to invest $7.45m in Bepza EZ

YiXin Bangladesh, a Chinese company in Bangladesh, will set up a footwear accessories manufacturing factory in the Bepza Economic Zone with an investment of $7.45 million..The company has set a target to annually produce 10 million pairs of footwear materials. The investment will create em
8 September 2024, 11:36 AM

NBR to open e-tax filing portal tomorrow

The National Board of Revenue (NBR) will open its online tax return submission portal tomorrow to facilitate digital income tax, wealth statement and other tax submissions by individual taxpayers for fiscal year 2024-25
8 September 2024, 10:52 AM

Inflation eases to 10.49% in August  

Inflation declined to 10.49 percent in August from 11.66 percent in July, according to data released today by the Bangladesh Bureau of Statistics
8 September 2024, 09:03 AM

National Bank’s new board to scrutinise all waived and written-off loans

The newly appointed board of National Bank PLC (NBL) will scrutinise all waived and written-off loans and interests, regardless of whether they were justified or not.
7 September 2024, 18:00 PM

Adani repeatedly pressing for $800m electricity dues

India’s Adani Group has been repeatedly requesting the interim government to immediately clear dues of around $800 million on their electricity sales, according to officials of Bangladesh Power Development Board (PDB). 
7 September 2024, 18:00 PM

Most stocks owned by Awami League leaders struggling

Share prices of most companies with directors connected to the immediate past Awami League government saw a big drop in the past month after the fall of Sheikh Hasina, though the market was in a rising trend during the period.
7 September 2024, 18:00 PM

Interest rate spread rises to highest level since 2003

The spread between interest rates on deposits and loans rose to 6.03 percent, the highest in two decades, indicating that banks are making money at the expense of depositors and borrowers.
7 September 2024, 18:00 PM

Unrest to hit RMG exports

The latest spell of unrest in the garment industry of Bangladesh will negatively impact its apparel exports as many international buyers are cancelling their trips to the country to finalise work orders for the coming seasons.
7 September 2024, 18:00 PM

Time for business schools to scale up

Thanks to our entrepreneurs, a few dynamic policy planners, mostly docile and hard-working workers, Bangladesh’s private sector has expanded rapidly and became a crucial driver of economic growth.
7 September 2024, 18:00 PM

No limit on cash withdrawals from tomorrow

Bangladesh Bank (BB) has lifted a limit on cash withdrawals from banks in view of overall improvements in law and order.
7 September 2024, 15:21 PM

Bangladesh, Vietnam overtake India in low-cost manufacturing: WB

India’s share in global trade has not kept up with its fast-growing economy, as Vietnam and Bangladesh have surpassed the country as low-cost manufacturing and export hubs, according to a recent report of World Bank (WB)..Despite India’s rapid economic growth, the proportion of trade in go
7 September 2024, 14:50 PM

Market monitoring should protect consumers, producers alike

The interests of both consumers and producers of goods, including essential food commodities, need to be kept in mind during market monitoring, said Salehuddin Ahmed, finance and commerce adviser to the interim government, yesterday..While there will be regular market monitoring to prevent
7 September 2024, 14:25 PM

Leadership and business insights from the stars Switzerland symposium 2024

Attending the three-day stars symposium in Switzerland, organized by stars, was an enriching experience that brought together some of the most brilliant minds in leadership and business.
7 September 2024, 12:13 PM

A regime of crony capitalists

When the Awami League (AL) announced its manifesto with the slogan ‘Charter for Change’ ahead of the general elections in 2008, it drew applause from various sections of society
6 September 2024, 18:00 PM

Key index rises 500 points in a month

The benchmark index of the Dhaka Stock Exchange (DSE), the premier bourse in Bangladesh, rose 500 points in the past month after a change in the political landscape brought on by the ouster of the Awami League government.
6 September 2024, 06:14 AM