The agriculture ministry is working to reduce production costs and increase the variety of crops being cultivated with the aim of doubling agricultural productivity by 2030, according to Agriculture Minister Muhammad Abdur Razzaque.

DGepay Services Limited has received the licence to run as a payment system operator.

Nagad has surrendered its non-bank financial institution (NBFI) licence as most of its shareholders are for it to become a digital bank, said Tanvir A Mishuk, managing director of the mobile financial service (MFS) provider, yesterday. 

Unemployment has declined in Bangladesh, and although this means more people are contributing to the economy, analysts are not too upbeat about the development as most of the growth took place in agriculture.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has missed the deadline to form the election board to hold the polls in order to elect the leadership for 2023-25.

In the wake of some borrowers and guarantors denying having been provided loans, Bangladesh Bank (BB) yesterday made it compulsory for banks to take thumbprints to ensure proper recovery of depositors’ money, which was welcomed by bankers. 

Prime Minister Sheikh Hasina yesterday inaugurated a 200-megawatt (MW) solar power plant, the highest renewable resource-focused power generation capacity of a single facility in the country, built by Beximco Power Ltd. 

ShopUp, a B2B platform for small businesses, has won “Investment Excellence Award” at the Bangladesh Startup Summit 2023 for raising more than $201 million from investors.

NCC Bank has achieved the ISO 27001:2022 certification for its information security management.

Mutual Trust Bank has won “Fintech Innovation Challenge Award” in the category of “Enabling Access to Finance for CMSMES” by FinLab BD for their innovative ideas in supporting cottage, micro, small and medium enterprises.

100 winners of the show will be called Innovation Masterminds

Banks will verify the thumb impressions with EC database

Names of new senior vice present and six vice presidents were also announced today

The company did it for reduction in raw material prices

After 16 percent below normal rainfall in June, Bangladesh saw a drier July as it registered 50.8 percent below normal rain, which forced many farmers to irrigate their fields to cultivate Aman paddy, the second largest rice crop.

Claim settlement in the insurance sector in Bangladesh stood at 67 percent in 2022, highlighting bad investments and non-compliance that prevented insurers from attaining a higher ratio, data from the regulator showed.

IPDC Finance Limited’s profit slumped 62.70 percent year-on-year to Tk 8.16 crore in the second quarter of 2023 owing to a rise in interest expenses, salary and allowances and provision for loans and investments.    

The Sammilito Baboshayee Parishad won 15 posts while its opponent Baboshayee Oikko Parishad secured eight posts in the election of the association group of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) on Monday.

Bangladesh has seen rapid growth in foreign direct investment (FDI) from China ever since the country joined its Belt and Road Initiative (BRI) in 2016, according to a report by the Chinese embassy in Dhaka.

Mobile network operator Banglalink has decided to apply for a digital banking licence as it looks to leverage its vast pool of customers to serve a population increasingly using technologies to make and receive payments.