Mahbub Jamil: a corporate leader and a nation builder

At its inception Bangladesh had only a handful of successful corporate leaders and Mahbub Jamil was one of them. I cringe from using the past tense for Jamil Bhai. With his passing we have lost a great leader, mentor and friend.
17 November 2022, 06:31 AM

‘Bangladesh, a potential destination for Singaporean investment’

Businesses from Singapore can invest in Bangladesh’s different sectors, including information technology, pharmaceuticals and hospitality, as the south Asian country offers a wide range of facilities to the foreign investors, trade experts said today.
16 November 2022, 16:17 PM

Deferral support for industrial raw material import extended

Bangladesh Bank today extended the deferral support for another six months to settle the import orders of industrial raw materials, agricultural equipment and chemical fertilisers.
16 November 2022, 15:38 PM

Freelancers will now receive encashment certificate from MFS

The Bangladesh Bank today asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.
16 November 2022, 14:29 PM

Singaporean bank DBS to open representative office in Dhaka

Singaporean bank DBS today announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.
16 November 2022, 13:59 PM

'Bangladesh failing to utilise export potential for poor logistics support'

Bangladesh is failing to take full advantage of its export potential because of insufficient logistics infrastructure, said Nihad Kabir, chairperson of the Business Initiative Leading Development (BUILD).
16 November 2022, 13:02 PM

Stocks’ floor price for block market eased

Bangladesh Securities and Exchange Commission (BSEC) has eased floor price for the block market, which will allow shares to be traded at 10 per cent lower price than the open market.
15 November 2022, 14:17 PM

Bus owners announce Jatri as Dhaka’s e-ticketing partner

The Dhaka Road Transport Owners’ Association has recently announced Jatri Services Ltd as its partner to roll out e-ticketing services for all 5,650 buses operational in Dhaka city.
15 November 2022, 13:20 PM

zDrop, new e-commerce platform, launched

zDrop, a new e-commerce platform, was launched by Zaynax Group through a ceremony at Hotel Platinum Grand in Dhaka’s Banani on November 9.
15 November 2022, 12:48 PM

Cut interest rate of microfinance loans: BB governor

Bangladesh Bank Governor Abdur Rouf Talukder today urged the country’s microfinance institutions to reduce loan interest rate for the poor.
15 November 2022, 12:24 PM

Orion Pharma’s profit more than doubles

Orion Pharma Ltd’s profit more than doubled in the July-September quarter of the ongoing fiscal year of 2022-23.
15 November 2022, 11:32 AM

Square Textiles makes Tk 37.68 crore profit in July-September

Square Textiles Ltd saw its profit dip by 17 per cent in the July-September quarter of the financial year 2022-23 owing to higher spending aimed at ensuring energy supply amid the gas and electricity crisis and fuel price hikes.
15 November 2022, 11:23 AM

Robi to invest Tk 2.5 crore for digital start-ups through r-ventures 3.0

Robi today announced that it will invest Tk 2.5 crore on the digital start-ups who will make their way to the top of flagship digital entrepreneurship competition r-ventures 3.0.
14 November 2022, 15:33 PM

‘Banks have Tk 169,586 crore excess liquidity, no crisis at all’

Bangladesh’s banks have Tk 169,586 crore excess liquidity and there is no liquidity crisis in the country’s banking sector, Bangladesh Bank said in an urgent notice today.
14 November 2022, 15:07 PM

Bangladeshi RMG getting popular in Middle East: BGMEA

The Middle Eastern countries are going to be major garment export destinations for Bangladesh as the local apparel manufacturers are now receiving a lot of queries from the buyers of the region, said Faruque Hassan, president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
14 November 2022, 13:27 PM

Bangladesh Bank finds cases of trade misinvoicing

Bangladesh Bank today said cases of under and over-invoicing of imported and exported items came to its notice during specials audit.
14 November 2022, 12:38 PM

NBR wants tax from Nora Fatehi’s visit expenses

The tax authority has requested the home, cultural affairs and other agencies to ensure payment of source tax from payment of honorarium and other expenses for Bollywood artist Nora Fatehi.
14 November 2022, 11:06 AM

Energypac subsidiary to sell entire stake in power plant company

A subsidiary of Energypac Power Generation Ltd (EPGL) has decided to sell its entire stake in an electricity plant.
14 November 2022, 10:14 AM

24 govt holidays for bankers in 2023

Bankers in Bangladesh will have 24 government holidays in 2023 apart from the two days in the weekends, according to a circular issued by the Bangladesh Bank today.
13 November 2022, 13:33 PM

Food safety authority starts issuing health certificate for food items

The Bangladesh Food Safety Authority (BFSA) has started issuing health certificates to facilitate export of food products from the country.
13 November 2022, 12:21 PM