Govt banks, NBFIs highlight 25 innovative initiatives

Government-owned banks and non-bank financial institutions yesterday highlighted 25 innovative initiatives that offer various financial services to customers.
21 May 2024, 17:53 PM

Forex with banks on the decline

Foreign currencies held by commercial banks in Bangladesh are on the decline due to high demand, indicating growing pressure on the country’s external sector.
21 May 2024, 16:40 PM

Tk 258 crore street lighting project okayed

Ecnec approved the project titled “Modernisation of City Street Light System under Chattogram City Corporation”
21 May 2024, 14:38 PM

‘Tax exemption on IT sector to continue’

PM’s Adviser Salman F Rahman says at BASIS event
21 May 2024, 14:08 PM

Administrator appointed for Swadesh Islami Life Insurance

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect
21 May 2024, 11:47 AM

USTDA, CdNet team up for Bangladesh International Submarine Cable (Bagha-1)

The US Trade and Development Agency (USTDA) has awarded a feasibility study grant to Bangladeshi telecom company CdNet Communications Ltd (CdNet) to expand reliable internet connectivity across Bangladesh through the development of the Bangladesh International Submarine Cable (Bagha-1).
21 May 2024, 09:16 AM

BSEC changes Z category listing rules

The Bangladesh Securities and Exchange Commission (BSEC) issued a directive yesterday repealing one criterion and adding a new one for companies to be listed as junk.
21 May 2024, 04:22 AM

Power Grid Company to issue 250cr preference shares

The Power Grid Company Ltd on Sunday got the go-ahead from the Bangladesh Securities and Exchange Commission (BSEC) to issue preference shares against its share money deposit
21 May 2024, 04:16 AM

AI starts to replace entry-level IT jobs in Bangladesh

It was a pretty good project for SkyTech Solutions for the last few years: generating earnings of $8.5 per hour for each of over 50 people.
21 May 2024, 01:00 AM

How GP makes more money than Robi

The profit margin of Grameenphone Ltd was around seven times more than that of Robi Axiata Ltd in 2023.
21 May 2024, 00:30 AM

NBR plans self-assessment of tax liabilities for all firms

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
20 May 2024, 18:30 PM

Local digital marketplace for garments to boost exports

Tech giants like Amazon and Alibaba are generating millions of dollars in revenue from Bangladesh selling garments made locally in the absence of a homegrown digital marketplace capable of engaging in international trade.
20 May 2024, 18:07 PM

Lending through agent banking rises 41%

Agents disbursed Tk 16,482.5 crore loans as of March this year, up from Tk 11,667 crore in March last year
20 May 2024, 18:05 PM

GDP expands at faster pace in FY24

Bangladesh’s economy has grown at a faster pace, albeit marginally, in the current fiscal year than the previous one although the production of industrial goods and agricultural commodities recorded reduced growth.
20 May 2024, 18:00 PM

Stocks fall for sixth straight day

Shares on the Dhaka Stock Exchange (DSE) fell for the sixth consecutive day yesterday thanks mainly to the price erosion of several large-cap scrips.
20 May 2024, 18:00 PM

Tk 100cr budget for women entrepreneurs lies idle for lack of awareness

Though the government allocates Tk 100 crore in the national budget every year for the development of women entrepreneurship, not a single penny of this money gets used as the entrepreneurs lack awareness on how to ensure optimum utilisation of the fund.
20 May 2024, 17:59 PM

Budget session at parliament June 5

The budget session of this year will begin from June 5. The House will go into sitting at 5:00pm, said a press release of the Parliament Secretariat. This will be the third session of 12th parliament. President Mohammed Shahabuddin convened the budget session today exercising the power bestowed upon him as per clause (1) of article 72 of the constitution.
20 May 2024, 17:07 PM

BB lets bankers offer existing dollar rate to exporters

In its effort to arrest the fall in forex reserves and bring unrealised export proceeds into the country, the Bangladesh Bank today allowed bankers to offer the existing US dollar exchange rate to exporters.
20 May 2024, 16:55 PM

ABB clarifies reasons of bank MDs' USA visit

26 managing directors are going on invitation to attend Annual US-Bangladesh Bilateral Banking Dialogue
20 May 2024, 16:18 PM

Stocks fall for sixth consecutive day

Large-cap shares continue to see price erosions
20 May 2024, 11:36 AM