BB's support helping banks avert pre-Eid liquidity crunch

Although banks in the country normally face a liquidity shortage due to cash withdrawals ahead of Eid-ul-Fitr each year, a majority of them have sufficient funds on hand this time around thanks to continuous liquidity support from Bangladesh Bank.
7 April 2024, 01:30 AM

Telenor to stay in Bangladesh for long

Telenor, the parent company of leading mobile phone operator Grameenphone, has a long-term commitment to the Bangladesh market.
6 April 2024, 18:08 PM

Five ICT trade bodies demand tax exemption until 2031

Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
4 April 2024, 18:01 PM

Stocks make a comeback

The benchmark index of Dhaka Stock Exchange (DSE) staged a comeback yesterday, snapping a two-day losing streak.
3 April 2024, 18:00 PM

ICT entrepreneurs demand extension of tax exemptions

With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
2 April 2024, 18:30 PM

Aavishkaar Capital invests $ 5 million in Midland Bank

Aavishkaar Capital, a concern of Aavishkaar Group, in partnership with KfW, a German state-owned development bank, has signed an agreement to invest the $5 million from its Environmental, Social and Governance (ESG) First Fund into Midland Bank.
1 April 2024, 14:45 PM

Beximco gets nod to issue bond

The Bangladesh Securities and Exchange Commission (BSEC) today gives the go-ahead to a zero-coupon bond for Beximco, one of Bangladesh's leading conglomerates, to raise Tk 1500 crore from institutional and high net worth individuals.
31 March 2024, 14:10 PM

Smuggled sugar costing govt crores

The Bangladesh Sugar Refiners Association (BSRA) alleged that the government is being deprived of Tk 3,000 crore annually due to sugar smuggling.
30 March 2024, 18:00 PM

Cut import duties on essential commodities: FBCCI

Build a database of the essentials to ensure smooth supply, it says
30 March 2024, 14:51 PM

Scooter sales rev up as riders seek comfort

Local retailers post up to 65% rise in monthly scooter sales
30 March 2024, 13:48 PM

Foreign loan commitment jumps 300% in Jul-Feb

Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.
28 March 2024, 18:00 PM

Litchi growers expect good harvest this year

There are over 4,000 orchards dotting the district
28 March 2024, 15:18 PM

High bad loans a 'big threat' to financial sector: BB

The central bank said in quarterly review on money and exchange rate
28 March 2024, 14:30 PM

Singer becomes first firm to start production in Japanese EZ

Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.
27 March 2024, 18:00 PM

Singer becomes first firm to start production in Japanese EZ

It becomes the first plant in Araihazar economic zone
27 March 2024, 15:07 PM

Contracts of Summit’s three power plants extended

The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina
27 March 2024, 13:56 PM

Soybean oil consumption falls as consumers switch to mustard, palm oils

Consumption of soybean oil in Bangladesh has declined as a section of consumers have switched to the relatively cheaper mustard and palm oils, according to a report by the US Department of Agriculture (USDA) last week.
26 March 2024, 18:00 PM

Tax on provident funds' income: One country, dual policy

A provision in the Income Tax Act 2023 created the discrimination
26 March 2024, 15:40 PM

Dhaka bourse's index falls for second straight day

The DSEX lost 66.73 points to close at 5,834
25 March 2024, 10:44 AM

Another Bangladeshi factory obtains Gold LEED certification

Gazipur-based APS Knit Composite Ltd scored 71 out of 110
24 March 2024, 15:34 PM