Dreaming beyond limits: the inspirational stories of Tapan Chowdhury

Tapan Chowdhury was born in the village of Ataikula, 12 miles away from the city of Pabna.
7 September 2022, 13:27 PM

Special panel to find reasons for FMCG price hike

The Directorate of National Consumers Right Protection (DNCRP) will investigate the authenticity of the claim that the retail prices of fast-moving consumer goods (FMCG) increased because of rising spending for raw materials, shipping, dollar, transportation and fuel.
7 September 2022, 12:36 PM

Stocks rise for second day

Stock index and turnover both rose today thanks to the increased participation of the investors.
7 September 2022, 12:04 PM

Bangladeshi vessel with Indian transit container reaches Ctg port

A Bangladeshi vessel—MV Trans Samudera—carrying an Indian transit container from Kolkata reached Chattogram port today.
6 September 2022, 15:57 PM

‘Miniket is not a rice variety’

The Directorate of National Consumers Right Protection (DNCRP) will launch a drive to stop sales of miniket rice in the market, as miniket is not an actual rice variety, said AHM Shafiquzzaman, director general of the DNCRP.
6 September 2022, 15:08 PM

Bangladesh Bank moves to stop illegal banking by cooperative societies

Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.
6 September 2022, 14:17 PM

Rules eased for exporters to keep dollars

Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.
6 September 2022, 13:27 PM

Banks asked to suspend evening banking

Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.
6 September 2022, 11:46 AM

BFIU seeks bank details of Tabith Awal, 2 brothers, sister-in-law

The Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide detailed information of accounts and transactions of Tabith M Awal along with three of his family members.
5 September 2022, 14:55 PM

Banks asked to cut electricity, energy use

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.
5 September 2022, 13:25 PM

27 banks asked to explain breach of card’s forex spend limit

The Bangladesh Bank today asked 27 banks to explain why they had allowed their credit cardholders to spend dollars breaching the stipulated ceiling set by the foreign exchange rules.
4 September 2022, 15:44 PM

BIDA gets new executive chairman

A former bureaucrat joined Bangladesh Investment Development Authority (BIDA) as its new executive chairman today for a three-year term.
4 September 2022, 15:19 PM

NBFI loan defaulters offered relaxed rescheduling facility 

The central bank yesterday relaxed the rules on credit rescheduling and restructuring for the borrowers who have defaulted on the repayments of loans with non-bank financial institutions (NBFIs).
4 September 2022, 14:36 PM

Envoy Textiles' board reconstituted by HC

The board of directors of export-oriented Envoy Textiles has been temporarily reconstituted until the disposal of a case filed by Abdus Salam Murshedy, former managing director and one of the founders of the company, along with some other directors, as per a High Court order issued last month.
4 September 2022, 14:13 PM

World Bank’s team reaches Ctg port to discuss Bay Terminal project

An 11-member technical mission of the World Bank reached Chattogram port today to discuss various aspects of proposed Bay Terminal, a mega project taken to enable the port accommodate larger ships.
4 September 2022, 13:33 PM

Fu-Wang Ceramic to invest Tk 650 crore to extend business

Fu-Wang Ceramic Industries, a listed ceramic maker with foreign and local shareholders, will invest Tk 650 crore to extend its business.
4 September 2022, 12:14 PM

Fund transfer among MFS distributors to become easy

Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays.
4 September 2022, 11:59 AM

Stocks fall after rising for six days

Dhaka stocks fell today after rising for six consecutive days thanks to the profit-taking tendency of the investors.
4 September 2022, 11:20 AM

Europe's alternatives if Russia shuts off gas supply

The Nord Stream 1 pipeline that transports Russian gas to Germany will undergo further maintenance, Gazprom said on Friday after scrapping a Saturday deadline to resume flows, deepening Europe's difficulties in securing fuel.
3 September 2022, 12:11 PM

Indonesia bites the bullet on fuel prices as subsidies soar

Indonesia raised subsidised fuel prices by about 30 per cent on Saturday, as the government moves to rein in ballooning subsidies despite a risk of mass protests.
3 September 2022, 12:00 PM