Telcos’ payment service set to spark debate

Mobile network operators have launched a service that would allow subscribers to make payments to secure some government certificates using their mobile balances, a move that may generate a debate about its legality.
26 March 2023, 11:15 AM

Central banks must enhance transparency to build trust

The Bank of Canada published a detailed summary of its Governing Council deliberations for the first-time last month, joining nearly two dozen other central banks in regularly releasing detailed information on monetary policy decisions.
26 March 2023, 05:05 AM

New transmission line may not bring gas to users soon

Establishing a gas transmission line in the country’s northern districts has almost been completed, but people and industries in the region will not benefit from the progress immediately because of a lack of a distribution network.
26 March 2023, 03:30 AM

How independent are independent directors?

All major strategic and operational decisions of highly successful financial institutions across the world are executed by their management upon proper vetting, review, and due diligence by the board of directors.
26 March 2023, 03:00 AM

BGMEA again calls for duty-free access

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) recently relaunched an initiative seeking duty-free access to the US market for apparels made from American cotton.
26 March 2023, 02:30 AM

Chicken prices come down

The retail price of broiler chicken has fallen further in Bangladesh as four major poultry companies are now selling the meat at a maximum of Tk 195 per kilogramme (kg) directly from their farms.
25 March 2023, 18:00 PM

BSEC to get power to dissolve board without hearing

The finance ministry has drafted rules empowering the Bangladesh Securities and Exchange Commission (BSEC) to dissolve the board of listed companies without any hearing if they fail to submit financial reports or follow corporate governance. 
25 March 2023, 18:00 PM

‘Dearth of communication skills hinders IT sector growth’

The lack of basic communication skills -- speaking clearly, understanding the needs of their customers and writing properly -- among fresh graduates is a major drawback for local industries, especially for the information technology (IT) sector in Bangladesh.
25 March 2023, 18:00 PM

Soybean consumption to rise in Bangladesh: USDA

However, households are shifting to palm oil from soybean for high prices
25 March 2023, 13:49 PM

Fashion brands expect huge Eid sales as Covid fear goes away

Though Eid is still a month away, shopping centring the festival has already begun as consumers are flocking to fashion outlets to buy lifestyle items.
24 March 2023, 08:00 AM

Shwapno targets massive expansion

Shwapno, the largest retail chain in Bangladesh, plans to raise the number of its stores by 10 times to 3,000 in the next three to five years to meet the growing demand for comfortable shopping among urbanites and become a profitable entity by increasing sales volume. 
24 March 2023, 03:30 AM

Govt to appoint int’l operator for New Mooring terminal

The government is going to appoint an international operator to run New Mooring Container Terminal (NCT) of the Chattogram port. 
24 March 2023, 03:00 AM

‘Affordable’ prices still out of reach for many

The Ministry of Livestock and Fisheries yesterday started selling milk, eggs and meat at “affordable prices” across 20 locations inside Dhaka in a bid to stabilise the market during Ramadan.
24 March 2023, 02:30 AM

Top officials of UFS laundered Tk 170cr

The Bangladesh Securities and Exchange Commission (BSEC) has decided to file a case against some top officials of an asset management company for laundering Tk 170.69 crore from four open-ended mutual funds.
24 March 2023, 02:00 AM

Our love for foreign CEOs over locals

In one of my expat job locations, I discovered that the status symbol of that society would be having a western CEO in their company.
23 March 2023, 18:00 PM

Gold price changes for fourth time in a week

In less than a week, Bangladesh’s jewellers have revised gold prices four times on the ground of changes in prices of pure gold in the domestic market, reflecting high volatility.
23 March 2023, 18:00 PM

BGMEA, EBL launch co-branded Visa credit cards

Eastern Bank Limited (EBL) and the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) in association with Visa have launched co-branded credit cards.
23 March 2023, 18:00 PM

Another gloomy week for stocks as confidence crisis lingers

Stocks in Bangladesh remained in the red in the past week while turnover dropped over 30 per cent owing to a crisis of confidence among people. 
23 March 2023, 18:00 PM

Cashless Bangladesh gets a boost

Bangladesh Bank yesterday took new measures to gear up for the “Cashless Bangladesh 2023-27” programme by offering charge-free transactions through Bangla QR to micro merchants.
23 March 2023, 18:00 PM

Govt bringing another LNG shipment from spot market

The government is going to bring another shipment of liquefied natural gas (LNG) from the international spot market, the fifth since February, at a cheaper rate to boost electricity production ahead of the Boro and summer season. 
23 March 2023, 18:00 PM