Bangladesh expands offshore banking in hunt for forex

Offshore banking is increasingly becoming a key window for banks in Bangladesh to facilitate investments and international trade by attracting deposits in foreign currencies.
16 May 2024, 00:00 AM

Investors in hi-tech parks, EZs may lose tax benefits

Investors in the economic zones and hi-tech parks in Bangladesh may see an end to the zero-duty benefit on imports of capital machinery, components and construction materials next fiscal year.
15 May 2024, 18:30 PM

Islamic banks lose Tk 8,496 crore deposits in a month

Deposits in Islamic banks reduced, but in Islamic banking branches of conventional banks rose
15 May 2024, 15:40 PM

Semiconductor makers have potential to earn $10 billion by 2041: Palak

Bangladesh would be able to earn $10 billion from semiconductor manufacturing by 2041 if proper policy support is ensured, according to Zunaid Ahmed Palak, state minister for telecom and ICT.
15 May 2024, 13:31 PM
15 May 2024, 11:31 AM

BATB's profit drops as for high inflation deters smokers

British American Tobacco Bangladesh (BATB) saw a drop in its profits and sales in the January-March period of 2024, reasoning that people had cut back on smoking cigarettes amidst high inflationary pressure.
14 May 2024, 18:00 PM

BRAC Bank to get $50 million loan from British International Investment

The bank will support 3,500 MSMEs and women-led businesses in Bangladesh
14 May 2024, 13:16 PM

Steel prices set to rise in Bangladesh: analysts

The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit
14 May 2024, 12:52 PM

BD-Turkey can be trade gateways between Europe, South & SE Asia

Turkish business leaders discussed bilateral trade potential with FBCCI president
13 May 2024, 13:56 PM

LafargeHolcim’s profit drops for first time since 2022's Q1

The cement maker’s turnover fell 3%, profit 15% in Jan-Mar
13 May 2024, 13:17 PM

Reserves fall below $19 billion, first time in 11 months

$1.63 billion of ACU payment was settled today
12 May 2024, 15:41 PM

Govt launches food systems dashboard

Food ministry, BBS and GAIN worked together for it
12 May 2024, 14:12 PM

Renata ships first drug registered in Australia

The contraceptive pill named Levonorgestrel 1.5 mg is known by its brand name of Novella-1
12 May 2024, 11:21 AM

Russell T Ahmed reelected as BASIS president

Russell T Ahmed has been reelected as the president of the Bangladesh Association of Software and Information Services (BASIS) for a two-year term..M Rashidul Hasan was elected as senior vice president of the apex tread body of Bangladesh's ICT industry..It elected two other vice pre
11 May 2024, 11:35 AM

700 TEUs of containers miss shipment at Ctg port

However, workers resumed operations today early morning
11 May 2024, 11:20 AM

Multiple expos of CEMS-Global USA begin in Dhaka

150 companies of 15 countries are taking part in the events
9 May 2024, 13:20 PM

Forex reserves decline by $133 million in a week

The reserves hit $19.83 billion on May 8
9 May 2024, 12:42 PM

US dollar price rises up to Tk 125 in kerb market

Dollar price rose just a day after the introduction of the crawling peg
9 May 2024, 12:30 PM

‘Bangladesh economy showing resilience’

The first-ever Purchasing Managers' Index shows slower expansion at 62.2 in April
9 May 2024, 10:39 AM

‘Market-based interest rates will be painful for businesses’

CPD Distinguished Fellow Mustafizur Rahman says
8 May 2024, 19:17 PM