Kazi Farms, Suguna fined Tk 8cr for unusual hike

Bangladesh Competition Commission has fined Kazi Farms Tk 5 crore and Suguna Food and Feeds Bangladesh Private Limited Tk 3.44 crore in two cases for unusual increase in broiler chicken prices in the market.
9 October 2023, 18:22 PM

What future holds for digital banking

Online banking transactions in Bangladesh amounted to nearly Tk 50,000 crore in May 2023, a 142 per cent rise year-on-year, Bangladesh Bank data showed.
9 October 2023, 17:15 PM

Kazi Farms fined Tk 5 crore, Suguna Food Tk 3.44 crore

The two were fined for violating Section 15 of the Competition Act, 2012
9 October 2023, 14:39 PM

Leather footwear, goods’ show to begin in Dhaka on Oct 12

The Bangladesh Leather Footwear and Leather goods International Sourcing Show (BLLISS) will be of three days
9 October 2023, 12:55 PM

India's Bihar seeks Bangladeshi investment in garments

Top Bihar govt officials visit BGMEA office
9 October 2023, 12:16 PM
9 October 2023, 11:03 AM

Exporters unable to fully benefit from taka devaluation

Exporters in Bangladesh are unable to take the full benefit of the devaluation of the taka against the US dollar amid ongoing inflationary pressure and rising production costs, according to industry people.
9 October 2023, 02:00 AM

Automobile policy attracts fresh investment

Fresh investment of around Tk 2,500 crore has been made in the automobile industry in the past two and half years since the formulation of the Automobile Industry Development Policy 2021, according to industry insiders.
9 October 2023, 01:30 AM

Foreigners constructing expressway get tax break extension

The National Board of Revenue (NBR) has exempted foreigners working on Dhaka Elevated Expressway from paying taxes on their income for another three years until June 2026.
8 October 2023, 20:46 PM

Govt cuts Aman purchase target, hikes prices

The government has cut the paddy procurement target of Aman, the second biggest rice crop now under cultivation, by nearly one-third after it received a lukewarm response from growers last year.
8 October 2023, 20:22 PM

MTB expanding retail banking portfolio

Mutual Trust Bank Limited (MTB) is expanding its retail banking portfolio to diversify the business, said Shafquat Hossain, head of retail banking of the lender.
8 October 2023, 17:59 PM

BTRC cancels licences of four ISPs

The Bangladesh Telecommunication Regulatory Commission (BTRC) recently cancelled the licences of four interest service providers (ISPs) for failing to convert their licences in accordance with relevant guidelines.
8 October 2023, 17:59 PM

Russia lifts diesel export ban; what happens next?

Russia's government on Friday lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions it enforced on Sept. 21.
8 October 2023, 17:55 PM

BB now hikes interest rates for NBFIs

Bangladesh Bank yesterday hiked the interest on deposits with non-bank financial institutions (NBFIs) to 9.70 percent and the lending rate to 12.70 percent to help ease the country’s inflationary pressure.
8 October 2023, 17:43 PM

Attack on Israel likely to boost appeal of gold, safe haven assets

The violence in Israel will likely prompt a move into safe haven assets as investors closely watch events in the Middle East to gauge geopolitical risk to markets.
8 October 2023, 17:31 PM

Ctg custom to auction off 28 tonnes buffalo meat tomorrow

The meat's reserve price has been fixed at Tk 2.45 crore
8 October 2023, 15:25 PM

Deposit, lending rates hiked for non-banks

NBFIs can now offer 9.7% for deposits, 12.7% for lending
8 October 2023, 15:03 PM

Robi completes 2600 band spectrum deployment in 50% sites

The spectrum will help improve data speed by 50 percent
8 October 2023, 13:57 PM
8 October 2023, 11:58 AM

Petromax Refinery leases 13-acre land for storage capacity

The subsidiary of Shahjibazar Power has already signed a lease deal with Mongla Port Authority
8 October 2023, 10:46 AM