Expectations unmet in budget

The expectations of businesses in Bangladesh have grossly remained unmet in the proposed budget for fiscal year 2023-24 at a critical juncture of the country’s macroeconomic turmoil, according to various businesses. 
11 June 2023, 18:00 PM

Specific duty on crude oil imports a welcome move

Oil refiners in Bangladesh have welcomed the government’s specific duty proposed in the budget for the next fiscal year on the imports of crude oil.
11 June 2023, 18:00 PM

bKash CEO named global high-impact finance leader

bKash CEO Kamal Quadir has been named as one of the global high-impact leaders in finance by Washington-based nonprofit organisation Aspen Institute.
11 June 2023, 18:00 PM

MetLife offers Tk 50,000 free insurance coverage

MetLife clients travelling within Bangladesh, hajj pilgrims will get the benefit
11 June 2023, 15:08 PM

9 banks waived Tk 8,405 crore interest in 2022: Kamal

4,621 loan recipients to get the benefit, the finance minister said at the parliament
11 June 2023, 13:07 PM

'Proposed budget did not address macroeconomic ills'

Businesses say at a meeting organised by Awami League's industries secretary
11 June 2023, 11:46 AM

bKash CEO honoured as one of the 23 global high-impact finance leaders

The Finance Leaders Fellowship is a global community of values-based senior finance leaders driving industry change to power societal progress
11 June 2023, 10:42 AM

Dhaka, Chattogram stocks open higher

The DSEX, the benchmark index of the premier bourse in Bangladesh, gained 6 points, or 0.09 per cent, to 6,359 at 11:10 am.
11 June 2023, 06:50 AM

Bangladesh needs 8% annual GDP growth to be a developed nation

Bangladesh needs to maintain a GDP growth rate of over 8 per cent and increase its per capita income to around $13,000 in less than two decades to become a developed nation, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh (ICCB). 
11 June 2023, 02:10 AM

BBS to release socioeconomic data by Oct

The Bangladesh Bureau of Statistics (BBS) is expected to release its district-wise socioeconomic and demographic survey’s estimates with 195 indicators by the end of October this year, according to a high official of the planning ministry. 
11 June 2023, 02:00 AM

Nearly 50% policy-holders discontinue premiums after first year

About 45 per cent of life insurance policyholders in Bangladesh don’t pay premiums after the first year owing to a number of factors, including purchasing of higher value plans compared to their affordability and agents’ tendency to not provide all key information to potential customers, said the top regulator. 
11 June 2023, 01:50 AM

Firms enjoying tax exemption to come under greater scrutiny

Companies that enjoy tax exemptions will come under greater scrutiny in the coming days as the tax authority seeks to scan their transactions with associated enterprises in a bid to curb profit shifting and tax evasion. 
11 June 2023, 01:40 AM

Cotton consumption to rebound

Cotton consumption in Bangladesh will grow in the marketing year of 2023-24 on the back of a rebound in work orders from international clothing retailers and brands, according to the United States Department of Agriculture (USDA).
11 June 2023, 01:30 AM

ROSA-2nd KBL Expo 2023 ends in Dhaka

A “ROSA-2nd KBL Expo 2023”, also known as ROSA Kitchen, Bath & Living Expo 2023, ended at the International Convention City Bashundhara in Dhaka yesterday.
10 June 2023, 18:00 PM

JCI Smart Expo showcases cutting-edge tech for Smart Bangladesh

Leading technology companies gathered for JCI smart Expo at the International Convention City Bashundhara in Dhaka yesterday as a high number of youths participate to foster the spirit of innovation to make Bangladesh a smart nation.
10 June 2023, 18:00 PM

Garment accessories assoc seeks govt assistance

The Bangladesh Garments Accessories and Packaging Manufacturers and Exporters Association yesterday sought government assistance to upgrade to state-of-the-art facilities in Bangladesh. 
10 June 2023, 18:00 PM

Power of tech in driving public sector reforms

In an era defined by rapid technological advancements, the role of technology in the government sector is undergoing a profound transformation. Merging government and technology holds the promise of streamlining operations, enhancing citizen engagement, and ultimately transforming the way in which governments function.
10 June 2023, 18:00 PM

Brac Bank plans to double business by 2025

Brac Bank Ltd has planned to double its business by 2025 with a view to catering banking services to people from all walks of life, said its managing director, Selim RF Hussain. 
10 June 2023, 18:00 PM

US nationals top spenders thru credit cards in Bangladesh

US nationals were the top spenders through credit cards among all foreigners in Bangladesh, accounting for more than a quarter, or Tk 61.5 crore, of the amount spent by foreign nationals using the payment method in March.
10 June 2023, 18:00 PM

Textiles, RMG neglected in budget

The textile and garment sector, which earns the lion’s share of export proceeds, has been left neglected in the proposed budget, according to Shams Mahmud, a former president of the Dhaka Chamber of Commerce and Industry.
10 June 2023, 18:00 PM