Bangladesh Bank today extended the deferral support for another six months to settle the import orders of industrial raw materials, agricultural equipment and chemical fertilisers.

The Bangladesh Bank today asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.

Singaporean bank DBS today announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.

Bangladesh is failing to take full advantage of its export potential because of insufficient logistics infrastructure, said Nihad Kabir, chairperson of the Business Initiative Leading Development (BUILD).

Deployment of migrant workers from Asia is slowly getting back on track after plummeting due to the Covid-19 pandemic during the first quarter of 2020. Some countries are recording departures of migrant workers exceeding pre-pandemic levels.

Commercial activities at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Lalmonirhat are gradually winding down as it lacks a business-friendly atmosphere, according to entrepreneurs.

Today, Abdul Karim will complete the second part of the first page of the tax return form.  

Most state-run listed power and energy companies secured higher profits year-on-year during the July to September period while ripple effects of the Russia-Ukraine war, including skyrocketing energy prices, had been turning lives of the masses topsy-turvy. 

Retailers in Bangladesh are feeling the pinch as consumers have been buying less for the last few months because of the continuous increase in the prices of daily necessities and growing uncertainty. 

Bangladesh Securities and Exchange Commission (BSEC) has eased floor price for the block market, which will allow shares to be traded at 10 per cent lower price than the open market.

Loan disbursements by microfinance institutions (MFIs) in Bangladesh witnessed brisk growth in fiscal 2021-22 thanks to the expansion of economic activities in the post-pandemic era.

Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took a toll on household consumption and businesses.

Orion Pharma Ltd’s profit more than doubled in the July-September quarter of the ongoing financial year of 2022-23.  

Midland Bank recently announced receiving an International Organization for Standardization (ISO) certificate from BSI Group India Private for compliance with international standards over establishing, implementing and maintaining information security management systems. 

Mutual Trust Bank (MTB) and TallyKhata, a digital platform for small and micro businesses in Bangladesh, recently launched an “MTB TallyKhata Digital Loan”, which is essentially working capital loans for small businesses. 

Square Pharmaceuticals Ltd and Square Textiles Ltd, two concerns of Square Group, saw their profit hit by higher expenses in the July-September quarter of 2022-23 owing to higher raw materials and fuel prices and the energy crisis.   

With local consumers showing increasing fondness for cakes, Akij Bakers Ltd (ABL) recently announced its entry into the segment to win buyers and grab the market.

International clothing retailers and brands have asked for innovation, improvement of efficiency and use of synthetic raw materials so that they can source garment items for a long term from Bangladesh. 

Over the last decade Bangladesh has been enjoying the benefits of a shift in work orders from China and some other countries in many product categories. 

Bangladesh is going to avail the services of a new private airline for the first time in nine years with Air Astra set to begin its journey in the country through an 8:00am flight from Dhaka to Cox’s Bazar on November 24.