Women’s access to financial services rises

The gap in access to financial services between men and women dropped to 4 percentage points for the first time in the past decade, according to the Global Findex Database 2021.
15 December 2022, 13:19 PM

RFL Group opens second bicycle factory in Rangpur

RFL Group opened its second bicycle factory in Rangpur’s Gangachara to meeting the growing demand in the local and export markets.
15 December 2022, 11:49 AM

Need to diversify products, markets ahead of LDC graduation: MCCI

Bangladesh needs to diversify its export basket and seek out new markets in order to prevent potential losses after graduating from the list of least developed countries (LDC), according to Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry (MCCI).
14 December 2022, 13:14 PM

Exclusive: How a secret software change allowed FTX to use client money

In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software.
14 December 2022, 12:50 PM

Twelve journos win ERF best reporting awards

Twelve journalists in eight categories of print, digital and television of different media outlets won the best reporting awards given by the Economic Reporters’ Forum (ERF) as a recognition of their outstanding reporting capability.
13 December 2022, 13:21 PM

Stocks extend gains as political tension eases

All indexes of the Dhaka and Chittagong stock exchanges (DSE) rose today as investors showed fresh interest in making investments after political tension eased to some extent.
12 December 2022, 11:05 AM

Global Heavy Chemicals’ losses widen

Global Heavy Chemicals Limited’s losses more than doubled to Tk 3.31 crore in the first quarter of the current financial year compared to a year earlier.
12 December 2022, 09:45 AM

BSTI certification made mandatory for 10 new products

Bangladesh Standards and Testing Institution (BSTI) has included 10 new products in the list which now need mandatory certification from the national standards body.
12 December 2022, 09:01 AM

Stocks begin another day with rise

Stocks in Bangladesh rose for the second consecutive session today.
12 December 2022, 07:14 AM

Envoy Textiles gets $11.2 million ADB loan for yarn spinning unit

The Asian Development Bank (ADB) has entered into a €10.8 million ($11.2 million) loan agreement with Envoy Textiles to fund a second yarn spinning unit at Envoy’s manufacturing plant in Mymensingh’s Bhaluka.
11 December 2022, 15:24 PM

‘Hydrogen-based power generation to help reduce carbon emission’

Bangladesh has started hydrogen-based power generation, which will play an important role in reducing carbon emissions, Bangladesh Power Development Board Chairman Mahbubur Rahman said today.
11 December 2022, 14:56 PM

Rice prices still high despite higher yield

Aman paddy harvesting season has begun, but the general mass is struggling to buy rice as the price of the staple food is still high in the local market.
11 December 2022, 13:05 PM

Banks asked to levy minimum LC margin on importers

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for a number of essential commodities in order to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
11 December 2022, 11:58 AM

Stocks rebound amid higher trading

All indexes of the Dhaka Stock Exchange (DSE) ended in positive territory today on the back of an increase in trading activity by investors.
11 December 2022, 11:31 AM

NBR’s advanced audit training for the income tax officials starts

The six-day training funded by the European Union consists of five different courses, the NBR said in a statement.
10 December 2022, 14:56 PM

Recession worries could support dollar after monstrous 2022 rally

A breathtaking surge in the US dollar trampled foreign currencies, gouged corporate profits and gave investors one of the year’s few winning trades.
10 December 2022, 13:45 PM

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh

Chinese President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the US dollar's grip on world trade.
10 December 2022, 13:34 PM

India's Snapdeal to shelve $152 million IPO amid tech stocks rout

SoftBank-backed Indian e-commerce firm Snapdeal has decided to pull the plug on its $152 million IPO, the company told Reuters, making it the latest casualty of a meltdown in tech stocks that has soured investor sentiment.
10 December 2022, 13:14 PM

'The worst is yet to come': the curse of high inflation

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse.
10 December 2022, 12:11 PM

NBR awards 9 highest VAT-paying firms

The National Board of Revenue today awarded nine firms for paying the highest amounts of value-added tax in 2020-21 fiscal year.
10 December 2022, 11:37 AM