‘Three Zeros’ of Yunus a major catalyst for SDGs

The vision of “Three Zeros” of Dr Muhammad Yunus, chief adviser to the interim government, can act as a major catalyst for achieving Sustainable Development Goals (SDGs), a speaker said at a recent workshop..The “Three Zeros” -- zero poverty, zero unemployment and zero net carbon emissions
8 October 2024, 17:00 PM

Tariff Commission again calls for duty cut to calm egg prices   

On August 29, the commission sent an analytical report to the revenue board recommending duty cuts for the import of onions, potatoes and eggs
8 October 2024, 10:54 AM

Tk 353cr anomalies found at Sonali Life Insurance

The Bangladesh Financial Intelligence Unit (BFIU) has discovered anomalies worth Tk 353 crore at Sonali Life Insurance Company, accusing its former chairman Mostafa Golam Quddus and his family members of irregularities, fraud, and money laundering.
8 October 2024, 01:00 AM

Govt cancels LNG terminal deal with Summit

The government has cancelled its deal with Summit Group on the second Floating Storage and Regasification Unit (FSRU).
7 October 2024, 18:00 PM

Renata begins exporting two new medicines to the UK

Renata PLC, a leading pharmaceutical company in Bangladesh, has started exporting two new products to the UK, thereby expanding its product portfolio in the country, according to a company disclosure.
6 October 2024, 18:00 PM

Remedial measures to address malaise in financial sector

The media has been abuzz with concerns about the rampant abuse of Bangladesh’s financial sector for more than a decade.
6 October 2024, 18:00 PM

Stocks fall sharply, led by Islami Bank

Stock market indexes in Bangladesh fell sharply yesterday, primarily for Islami Bank Bangladesh, as investors were reluctant to pour fresh funds for the purchase of shares amidst price fluctuations.
6 October 2024, 18:00 PM

Govt takes aim at raising non-tax receipts

The interim government of Bangladesh yesterday issued a policy with the aim of raising non-tax receipts as revenue mobilisation in the country remains poor.
6 October 2024, 18:00 PM

Non-banks’ default loans hit record high

Non-bank financial institutions (NBFIs) in the past fiscal year saw their defaulted loans reach a record 33.15 percent of all disbursed loans, according to the central bank, indicating a fragile situation in the sector thanks to widespread loan irregularities and scams.
6 October 2024, 18:00 PM

Banks mostly gave loans to their owners rather than creditworthy borrowers

Bangladesh’s banking sector was not well-managed in recent years. Banks mostly gave loans to their owners, rather than to creditworthy entities. Consequently, several banks are now in difficulty.
6 October 2024, 18:00 PM

Can we brand Bangladesh afresh?

Fallen dictator Sheikh Hasina used to regularly lament that she did a great job, but our civil society members were behaving dumb. A few of my friends were quite aggrieved -- our country made so many achievements, yet the Western media and opinion makers were not recognising any of those.
5 October 2024, 18:00 PM

Businesses worried over double-digit bank interest rate

Businesses are worried over the interest rate of bank loans reaching double digits as it will increase the cost of doing business and subsequently affect profitability, the country’s business leaders stated yesterday.
5 October 2024, 18:00 PM

Malaysia can help us enter chip industry

Bangladesh can join hands with Malaysia to develop a sector that caters to global semiconductor industries, which can play a vital role in increasing export earnings, said Shabbir A Khan, president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI).
5 October 2024, 18:00 PM

BSEC summons 14 firms for failing to pay dividends

The Bangladesh Securities and Exchange Commission (BSEC) has asked the top officials of 14 listed companies to come to its office with related documents to explain why they declared but failed to pay dividends last year.
5 October 2024, 18:00 PM

Apparel exporters demand $10m in Debenhams dues

A platform representing three dozen local apparel manufacturers has demanded over $10 million payment for fashion items they supplied to the UK retail giant Debenhams.
5 October 2024, 18:00 PM

$800m repayment to Russia in limbo

About $809 million has piled up in a Bangladesh Bank escrow account to repay loans and interest for the Russia-funded Rooppur Nuclear Power Plant.
5 October 2024, 18:00 PM

Ibn Sina Pharma declares 63% cash dividend

The Ibn Sina Pharmaceutical Industry has announced a 63 percent cash dividend for the financial year that ended on June 30 this year, marking its highest payout in seven years.
3 October 2024, 18:00 PM

NBR forms taskforce to reform income tax law

The National Board of Revenue (NBR) has formed a taskforce to reform the income tax law in Bangladesh, with its main objective to make the rules people and business friendly.
3 October 2024, 18:00 PM

Do you need a godfather?

It goes without saying that in national politics and even in the corporate world, one needs a godfather to survive and succeed. This godfather is not the kind that you find in movies, as in Marlon Brando. These come in the form of mentor guides and, let’s be real, they are the heavyweights who have your back.
3 October 2024, 18:00 PM

Jute prices surge as production plummets

Raw jute production in Bangladesh has declined by nearly 10 percent year-on-year, mainly due to punishing heat during the planting period in March and April.
3 October 2024, 18:00 PM