Economy stabilising but risks remain
2 hour(s) ago
Economy
Foreign loan inflows fall 29% as ADP hits five-year low
2 hour(s) ago
Economy
Young innovators shine with cutting-edge tech at digital expo
2 hour(s) ago
Economy
Abolish minimum tax, wealth surcharges
2 hour(s) ago
Economy
Allow banks to impose travel ban on defaulters
2 hour(s) ago
Economy
Why does central bank’s independence matter?
2 hour(s) ago
Economy
Govt drafts 25-year plan for agriculture
2 hour(s) ago
Economy
Govt orders assessment of CDBL’s listing potential
2 hour(s) ago
Economy
Gold smashes all records, surges to Tk 269,788
2 hour(s) ago
Economy
BSC receives new bulk vessel Banglar Nobojatra
2 hour(s) ago
Economy
Bankers: more sinned against than sinning
Recently I was listening to a YouTube preacher calling all bankers as sinners. A section of people in our society have similar perceptions about bankers. This encouraged me to explore further on this claim. The result I got is something that I like to share.
4 March 2024, 00:26 AM
Fuel oil price may decrease once automated pricing kicks in
The government is going to start implementing the newly-formulated mechanism for setting fuel prices in line with global market rates by the end of this month and officials of the energy and finance division believe prices may reduce after the first adjustment.
4 March 2024, 00:26 AM
LafargeHolcim enters brick business
LafargeHolcim Bangladesh Limited (LHBL), a cement manufacturer, entered the brick business by launching the ‘Holcim Block’ with hopes of grabbing a share of the $3 billion domestic brick market.
4 March 2024, 00:26 AM
Bangladesh needs to stay austere
Bangladesh needs to maintain austerity measures for current global economic vulnerabilities, with the situation deteriorating for wars in different countries, said newly-appointed State Minister for Finance Waseqa Ayesha Khan yesterday.
4 March 2024, 00:26 AM
BRAC Bank becomes first local lender to disclose GHG emissions
BRAC Bank has become the first lender in Bangladesh to disclose the greenhouse gas (GHG) emitted by the businesses it finances.
3 March 2024, 15:54 PM
Robi invests $13m to open country’s first private tier-IV data centre
Telecom operator Robi Axiata has launched Bangladesh’s first commercial Tier-IV data centre in a move to expand its portfolio and cater to the increasing need for data storage driven by surging internet usage amid digitalisation of services.
3 March 2024, 00:42 AM
Mobile internet users decline for 5th straight month
The mobile internet subscriber count in Bangladesh declined for a fifth straight month in January due to the regulator’s bar on the sale of packages with short validity periods, compounded by persistent inflationary pressure on consumers.
3 March 2024, 00:42 AM
Insurance claim settlement rises in 2023
The claim settlement rate in the insurance sector of Bangladesh has risen by more than four percentage points within the span of a single year although the ratio has remained far below the global average.
3 March 2024, 00:42 AM
Bangladesh to enjoy duty benefit until 2029 as WTO members allow extension
Bangladesh will keep enjoying duty-free market access for three more years after its graduation to a developing nation in 2026 as the extension was endorsed by 166 members of the World Trade Organisation (WTO) at its Ministerial Conference that concluded in Abu Dhabi on Friday night.
3 March 2024, 00:42 AM
Entrepreneurs stare at another blow as electricity tariff goes up
Entrepreneurs who have been finding it difficult to keep their head above water for the past two years owing to higher prices of energy, raw materials and massive depreciation of the local currency are staring at another blow as their cost of production is set to rise following the hike in electricity tariffs.
3 March 2024, 00:42 AM
'Almost all restaurants lack fire suppression systems'
There is hardly any restaurant in Bangladesh with a proper fire suppression system while only a handful among the owners are aware of fire safety measures, said a top leader of the Bangladesh Restaurant Owners' Association (BROA) yesterday.
3 March 2024, 00:39 AM
BYD’s flagship electric vehicle launched in Bangladesh
BYD Auto Co Ltd, the world's biggest EV-maker, has launched its flagship model, the BYD Seal, in Bangladesh, paving the way to explore electric vehicles and embrace sustainable living practices in the country.
3 March 2024, 00:39 AM
Soybean oil prices stay above fixed rate in Ctg
Retailers and wholesalers in markets around Chattogram are selling soybean oil at prices exceeding the government-fixed retail prices, which was to be effective from March 1.
3 March 2024, 00:39 AM
Financing large projects in Bangladesh
Bangladesh stands at a critical juncture in its developmental journey, with infrastructure development being a cornerstone of its economic growth agenda.
2 March 2024, 17:38 PM
NY court allows BB’s lawsuit over reserve heist to proceed
The New York Supreme Court has allowed the case filed by Bangladesh Bank concerning the $81-million cyberheist in 2016 to proceed, but dismissed several charges against the Rizal Commercial Banking Corp (RCBC).
2 March 2024, 13:30 PM
Insurance premium growth slows
Insurance premium growth decelerated in 2023 as people’s purchasing power eroded amid higher inflationary pressure, despite the sector’s immense potential in a country that has one of the lowest penetration rates in the world.
1 March 2024, 00:58 AM
Women hold majority of accounts opened thru’ agent banking
The number of women in Bangladesh with bank accounts opened via agent banking far exceeds that of men as the facility offers better accessibility and guidance for various banking services, making it particularly suitable for those living in rural areas.
1 March 2024, 00:58 AM
Lending rate goes past 13% despite lowering of margin
The interest rate on loans is going to surpass 13 percent from March despite lowering the margin as the benchmark interest rate has been increasing consistently since its introduction.
1 March 2024, 00:58 AM
Cotton growers unhappy as prices fail to meet expectations
Although the cultivation of cotton is on rising as growers look to meet a portion of local demand and reduce dependence on imports, growers are unsatisfied with the low prices of the white fibre on the domestic market.
1 March 2024, 00:04 AM
Govt approves LNG purchase from Summit
The government yesterday decided to procure liquified natural gas (LNG) from Summit Oil and Shipping Co Limited (SOSCL) on a 15-year contract.
1 March 2024, 00:04 AM