Stocks fall for a second day

Major indices of the Dhaka Stock Exchange (DSE) fell for the second session in a row yesterday as investor participation remains low.
1 March 2024, 00:04 AM

The amazing science of happiness

In a forest, a crow encounters a swan and begins to feel inferior due to the swan's white feathers, presuming the swan must be the happiest bird. The swan, on the other hand, envies the parrot for its two colours, believing it to be happier.
29 February 2024, 17:58 PM

Forex reserves rise $377m in a week

Bangladesh's foreign currency reserves rose $377 million in a week to about $20.57 billion, central bank figures showed.
29 February 2024, 14:58 PM

Offshore unit officials to face fine if false info provided

The Bangladesh Bank will be able to impose a fine of up to $5,000 or an equivalent amount in the local currency on the officials of offshore banking units (OBUs) if they provide false information intentionally.
29 February 2024, 00:28 AM

Investment instruments that Bangladeshi savers consider safe

Around 53 percent of the respondents of a survey in Bangladesh said they prefer making investment in deposit pension scheme (DPS) to set aside funds for rainy days.
29 February 2024, 00:23 AM

Proton CEO Li Chunrong arrives in Dhaka to launch Proton X90

Li Chunrong, chief executive officer of Proton, arrived in Dhaka yesterday to take part in an event where Proton X90 will be unveiled.
29 February 2024, 00:15 AM

Ensure cold chain logistics to reduce $2.4bn post-harvest losses

Bangladesh faces annual post-harvest losses of about $2.4 billion as the country lacks essential cold chain infrastructure and services known as temperature-controlled logistics (TCL), according to a paper presented at a conference.
29 February 2024, 00:15 AM

Climate-induced disruptions could cost Bangladesh $700b in apparel exports by 2050

Bangladesh could lose a staggering $27 billion in annual apparel exports by 2030 if it does not adopt a climate-adaptive approach due to high heat and floods, according to a new study.
29 February 2024, 00:15 AM

Demystifying the essence of corporate leadership

All of us remain enamoured by principled political leaders like Bangabandhu, Mandela, and Gandhi, who we respect and admire and are willing to follow due to their sacrifices for upholding principles. However, this write-up is about a different type of leaders, namely corporate leaders.
28 February 2024, 23:49 PM

Eastern Bank to launch climate change adaptation award

Eastern Bank PLC, one of the leading private commercial banks in Bangladesh, will launch “Climate Change Adaptation Award” this year.
28 February 2024, 00:49 AM

Daraz to go for significant layoff in Bangladesh to cut costs

Daraz Group, Alibaba’s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it will “bid farewell to many valued members” but stopped short of disclosing the number.
28 February 2024, 00:49 AM

Launch owners demand tax cut as passenger flow falls

Owners of commercial passenger vessels, called launches in Bangladesh, yesterday demanded that the government reduce their advance income tax (AIT) per passenger on grounds of a drastic drop in business since the opening of Padma Bridge.
28 February 2024, 00:49 AM

BB sets age limit, bad loan recovery target for aspirant CEOs of banks

The central bank has for the first time set the minimum age, default loan recovery targets and other criteria for aspirant chief executive officers of banks and those looking to be reappointed in the top job as part of its efforts to restore good governance and reduce bad debts.
28 February 2024, 00:49 AM

Electric vehicles etching their way into domestic automobile industry

The automobile industry of Bangladesh is seeing a notable shift towards electric vehicles (EVs) with BYD Auto Co Ltd, the world’s biggest EV maker, set to launch its Seal model on the domestic market.
28 February 2024, 00:49 AM

Hefty power bill to weigh on consumers

The government has decided to increase electricity prices by Tk 0.34 and Tk 0.70 a unit from March, which according to experts will have a domino effect on the prices of essentials ahead of Ramadan.
27 February 2024, 18:00 PM

Impact of Red Sea crisis still 'moderate': WTO chief economist

Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.
27 February 2024, 16:07 PM

World Bank suggests unified exchange rate, further monetary tightening

The World Bank has recommended Bangladesh put in place a unified exchange rate and tighten monetary policy further in order to tame persistently high inflationary pressure and end the foreign exchange crisis.
27 February 2024, 00:33 AM

Bangladesh is an inspiration to many in green building segment

Bangladesh has become a major source of inspiration for many countries as the nation has the most green garment factories worldwide, said a top official of the United States Green Building Council (USGBC), the authority that provides the Leadership in Energy and Environment Design (LEED) certification.
27 February 2024, 00:33 AM

Wheat import rebounds to two-year high

Bangladesh’s wheat imports recovered and hit a two-year high in the first seven months of the fiscal year as prices of the grain cooled and demand from local industries soared.
27 February 2024, 00:24 AM

Govt to cut ADP size by 7%

The government is set to downsize the Annual Development Programme (ADP) for the current fiscal year of 2023-24 by nearly 7 percent while prioritising projects having the highest impact, according to planning commission sources.
27 February 2024, 00:24 AM