Pilot kicks off for digital payment with QR code

The Bangladesh Bank will commence a campaign tomorrow to popularise an interoperable QR code across the capital city in a move to bring millions of small businesses such as street vendors and lower-income groups under the digital transaction system.
17 January 2023, 16:13 PM

CAB urges energy ministry for not signing Energy Charter Treaty

The Consumers Association of Bangladesh (CAB) today submitted a petition, signed by 25,720 persons, urging the energy ministry for not signing the Energy Charter Treaty as the signing of the treaty will affect the public interest and the nation’s energy sector.
17 January 2023, 15:55 PM

a2i, Zaytoon to launch ‘village digital booths’

The Aspire to Innovate (a2i) programme of ICT Division and Zaytoon Business Solutions today joined hands to launch “village digital booths” across the country, enabling marginalised people to avail a number of financial services right from their neighbourhoods.
17 January 2023, 15:40 PM

More budget support, easy loans sought from AIIB

Finance Minister AHM Mustafa Kamal today requested China-led Asian Infrastructure Investment Bank (AIIB) to extend more budget support and ease loan conditions the way the World Bank has done for Bangladesh.
17 January 2023, 15:13 PM

Tk 5,651cr haor elevated road project gets nod amid criticism

The government today approved the Tk 5,651 crore project for the 15.31-kilometre elevated road in the haor region of Kishoreganj although experts have been urging the authorities not to take up such a big project at this moment.
17 January 2023, 13:40 PM

DSE turnover crosses Tk 900 crore after 2.5 months

The Dhaka stocks bounced back today after experiencing a mild correction a day before while the turnover of the premier bourse crossed Tk 900 crore after a break of two and a half months.
17 January 2023, 11:55 AM

Separate panels to look into assets of three mutual funds

The Bangladesh Securities and Exchange Commission (BSEC) has formed three separate committees to look into the assets of three fund managers: LR Global Bangladesh, Race Asset Management and ICB Asset Management.
17 January 2023, 11:20 AM

Bangladesh to be first in Asia to receive loan from IMF’s Resilience and Sustainability Fund

Bangladesh is going to be the first country in Asia to receive a loan from International Monetary Fund's Resilience and Sustainability Fund.
17 January 2023, 10:50 AM

Taming inflation, maintaining exchange rate stability critical: BB

The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
17 January 2023, 09:08 AM

Homemade agro-machinery making a difference

Rafiqul Islam, who lives in the Dashmile area of Dinajpur sadar upazila, has innovated various types of agricultural machinery that provide a cheap and easy way for famers to achieve higher production.
17 January 2023, 03:00 AM

Speculative trading drives stocks

While most stocks in Bangladesh remain bearish, some surged in the first half of January fuelled by rumours.
17 January 2023, 02:30 AM

Asia comes to RMG exporters’ aid amid slowdown in EU, US

Amidst the slowdown in garment shipment to the European Union and the United States owing to persistently higher inflation, the Asian markets are emerging as the saviour for the apparel exporters from Bangladesh.  
17 January 2023, 02:00 AM

Higher govt borrowing may crowd out private sector: DCCI

The central bank’s target to raise the public sector credit growth in the January-June half of the ongoing fiscal year may crowd out the private sector, said the Dhaka Chamber of Commerce & Industry (DCCI) yesterday.
16 January 2023, 18:00 PM

Matarbari deep-sea port to open in 2026

State Minister for Shipping Khalid Mahmud Chowdhury yesterday hoped for a part of the Chattogram port’s Bay Terminal to become operational from early 2026 while the Matarbari deep-sea port either from the middle or end of that year. 
16 January 2023, 18:00 PM

Room to improve light engineering dev policy: BUILD

The Light Engineering Industry Development Policy-2022 does not feature any special provision for attracting foreign direct investment to the sector, according to a top official of the Business Initiative Leading Development (BUILD).
16 January 2023, 18:00 PM

MTB launches Islamic banking campaign

Mutual Trust Bank has launched “Ei Somoyer Islami Banking” campaign with a view to enabling the customers of its Islamic banking wing titled “MTB Yaqeen” to enjoy modernised Islamic banking services and facilities.
16 January 2023, 18:00 PM

BGCCI gets new executive director

The Bangladesh-German Chamber of Commerce and Industry (BGCCI) has appointed Irene Sommer as its new executive director.
16 January 2023, 18:00 PM

Shahjalal Islami Bank re-elects Akkas as chair of exec committee

Akkas Uddin Mollah has unanimously been re-elected chairman of executive committee of Shahjalal Islami Bank at the 354th meeting of the board of directors in Dhaka recently.
16 January 2023, 18:00 PM

Stocks snap four-day rally as investors book profit

Shares on the Dhaka Stock Exchange (DSE) broke a four-day rally yesterday amid short-term profit booking and central bank moves that may squeeze fund flows to the bourses.  
16 January 2023, 18:00 PM

BSEC forms shariah advisory council

Bangladesh Securities and Exchange Commission (BSEC) yesterday formed a nine-member shariah advisory council to get advice on issuing shariah-compliant securities.
16 January 2023, 18:00 PM