Body formed to investigate rumours on stock markets

Bangladesh Securities and Exchange Commission (BSEC) today formed a four-member committee to investigate the recent rumours on prediction of share prices and undisclosed information about its listed companies through social media platforms.
24 May 2021, 14:21 PM

Harvest matured paddy before cyclone Yaas strikes: agricultural office

As the cyclonic storm "Yaas" approaching Bangladesh’s coast, the agricultural office has advised farmers to harvest all the paddy that has matured up to at least 80 per cent.
24 May 2021, 12:09 PM

Increase education budget, an education advocacy network demands

An education advocacy and campaign network today demanded increased allocation for the education sector in the upcoming budget so that it can make up for the losses due to the Covid-19 pandemic.
24 May 2021, 11:55 AM

Walton plans to go global

Walton Hi-Tech Industries Ltd has decided to open branches or liaison offices in six countries, including India, Nepal, the UAE and South Korea as part of its move to expand its footprint and source technology globally.
24 May 2021, 08:39 AM

Bangladesh Bank's Tk 100cr refinance scheme for affected bus owners

Bangladesh Bank has decided to roll out a refinance scheme of Tk 100 crore to help bus owners affected by the restrictions on movements.
23 May 2021, 18:11 PM

India start-ups eye pandemic profits

After dealing with two coronavirus funerals in two weeks, Raj Sharma was too grief-stricken to negotiate a third with profiteering hearse drivers and crematoriums, so he turned to one of the many new businesses that have sprung up around India helping struggling people while also turning a tidy profit.
23 May 2021, 18:00 PM

Should black money be legalised in FY22?

The special tax treatment was given in different regimes since independence. An undisclosed income of about Tk 30,824 crore was disclosed so far, and an amount of about Tk 3,900 crore was collected as tax.
23 May 2021, 18:00 PM

Barishal launch owners demand cash incentive

Business leaders and trade bodies in Barishal have urged the government to ensure adequate support for them in the upcoming national budget such that they can survive the Covid-19 fallouts.
23 May 2021, 18:00 PM

Banking hours extended by half an hour

The central bank yesterday extended banking hours in line with the easing of coronavirus-linked lockdown rules, giving more time to customers to carry out financial transactions.
23 May 2021, 18:00 PM

Three banks post higher profits

Three private banks posted higher earnings for the January-March quarter compared to the same period a year ago with NRB Commercial Bank registering the highest growth in profits.
23 May 2021, 18:00 PM

Edible oil prices raised again

Edible oil manufacturers have reinstated a hike of around 2 per cent to take the price per litre to Tk 144, making availing daily essentials even more difficult for pandemic-hit people.
23 May 2021, 18:00 PM

Women entrepreneurs may get tax relief

Women entrepreneurs may receive a relief in tax payment on their incomes from businesses in the coming fiscal year, said an official of the finance ministry.
23 May 2021, 18:00 PM

Bangladesh-US economic relations largely unutilised

The Bangladesh-US economic relations have largely remained unutilised 50 years past independence, exemplified by bilateral trade which is too poor when compared with that gained by some competitors, businesses said yesterday.
23 May 2021, 18:00 PM

Over 90pc Boro paddy harvested

Farmers in Bangladesh have already harvested 90 per cent of the Boro paddy in the current season, dispelling worries that the impending cyclonic storm could have a major effect on the production of the biggest crop and hurt food security, the agriculture ministry said.
23 May 2021, 18:00 PM

Banks fast embracing cash recycling machines

Banks are aggressively installing cash recycling machines (CRMs) to provide faster deposit and cash withdrawal services to clients, a move that is helping customers cut reliance on branches and giving them more freedom to carry out banking.
23 May 2021, 18:00 PM

Bitcoin falls 8.9pc to $34,156

Bitcoin fell by 8.9 per cent to $34,156 at 1000 GMT on Sunday, losing $3,344.54 from its previous close.
23 May 2021, 18:00 PM

Creative book publishers in an uphill battle

Creative book publishers have been fighting an uphill battle to survive for over a year as their sales have nosedived for the pandemic that depressed demand for fiction and non-fiction among consumers.
23 May 2021, 18:00 PM

US regulator orders GreenHat Energy to pay $242m fine

The US energy regulator on Thursday ordered GreenHat Energy LLC to pay $229 million in civil penalties and $13.1 million in unjust profits on allegations of electric market manipulation.
23 May 2021, 18:00 PM

India’s JSW Steel examining bid for Gupta’s British business

India’s largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two people familiar with the matter told Reuters, as would-be buyers circle Sanjeev Gupta’s global commodities empire.
23 May 2021, 18:00 PM

Allocate special fund for small enterprises: experts

Special allocation is needed for the cottage, micro, small, and medium enterprises (CMSMEs) in the upcoming budget to recover the losses induced by the Covid-19 pandemic, speakers said at a webinar yesterday.
23 May 2021, 18:00 PM