BB gets five merger proposals from banks

No new proposal will be accepted before the completion of the five, BB says
15 April 2024, 11:27 AM

All member factories completed paying March salary, Eid bonus: BGMEA

BGMEA President SM Mannan Kochi says in a press briefing today
10 April 2024, 09:12 AM

Economy grows by 3.78% in Oct-Dec, slowest in three quarters

The Bangladesh Bureau of Statistics says in quarterly GDP estimate
9 April 2024, 15:46 PM

Govt seeks duty-free access to Brazil

Bangladesh has sought duty-free access for its products shipped to Brazil to reduce the bilateral trade gap.
8 April 2024, 18:00 PM

New industries outside economic zones will not get electricity, gas

The cabinet committee on economic affairs says
8 April 2024, 14:04 PM

IFC provides $30m in loans to PRAN Group amid dollar shortage

IFC is providing $30 million in Pran Dairy Ltd (PDL) and Habiganj Agro Ltd (HAL), concerns of PRAN Group, to support their businesses severely impacted by the shortage of US dollars in Bangladesh
8 April 2024, 08:13 AM

Mobile operators call for restructuring taxation

Telecom operators and experts in Bangladesh yesterday demanded restructuring taxation in the sector, arguing that the rates in place are not only limiting the sector’s growth, but also potentially hindering the implementation of “Smart Bangladesh”.
7 April 2024, 18:00 PM

70% factories yet to pay March salary

Some 70% have already paid festival bonus, Industrial police say
7 April 2024, 15:45 PM

Leather shipment recovers, fetches $100 million in 9 months

Leather exports rose 9.8% year-on-year in Jul-Mar of FY24
7 April 2024, 14:20 PM

Can merger be panacea for banking sector’s ills?

The merger guideline for banks and financial institutions is being hailed as a major step towards fixing the problem in the financial sector, which has been weighed down by massive default loans and weak corporate governance.
7 April 2024, 01:40 AM

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

FBCCI's plea for tariff protection devoid of reality

On April 4, the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) urged the government to pay attention to ensuring reasonable protection from customs tariffs for the sake of employment and promoting domestic industries, services and small and medium enterprises.
7 April 2024, 01:00 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

Gold price to break all-time record

The price of gold in Bangladesh is set to break all previous records tomorrow as jewellers in the country today decided to further increase their rates for precious metal.
6 April 2024, 15:25 PM

Attacks in hilly areas will not affect tourism: tourist police chief

Additional Inspector General of Police Md Abu Kalam Siddique, the chief of Tourist Police, today said the attack in the hilly areas will not affect tourism sector
6 April 2024, 11:55 AM

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

Bangladesh must accelerate man-made fibre production to boost exports: PwC study 

Bangladesh should fast-track the production of garments from man-made fibre (MMF), as the global exports of such apparel is projected to increase from 50 percent in 2022 to 60 percent in 2030, according to a recent study by Price Waterhouse Cooper (PwC)
4 April 2024, 08:48 AM

Renata starts directly exporting medicines to US 

Renata PLC has begun exporting medicines to the US market, becoming the sixth pharmaceutical manufacturer from Bangladesh to directly ship products to the world's largest market
4 April 2024, 08:25 AM

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