TCB postpones sale of essentials through trucks

The Trading Corporation of Bangladesh (TCB) has postponed its decision to sell daily essentials scheduled to start tomorrow, it said in a statement.
15 May 2022, 17:18 PM

Sea bass farming has high export potential: experts

Bangladesh should focus on increasing the cultivation of certain varieties of sea bass, such as Koral and Vetki, in order to expand the country’s export basket, according to experts.
15 May 2022, 15:23 PM

Brac Bank introduces eSingature Solution for its procurement function

Brac Bank has introduced eSingature Solution for its procurement function, enhancing transparency and security of its outsourcing works.
14 May 2022, 12:05 PM

NBFI board chiefs can’t hold post in subsidiary

The Bangladesh Bank today barred the chairman of any non-bank financial institution (NBFI) along with the heads of executive, audit and risk management committees from holding any post of its subsidiary or foundation.
12 May 2022, 15:11 PM

Use legal channel instead of hundi to send remittance: experts

The government high-ups and the top commercial bankers today urged expatriate Bangladeshis to send their money through the legal channel instead of using hundi – an illegal cross-border money transfer network.
12 May 2022, 14:25 PM

India tax authority froze $478 million of Xiaomi funds in February

Indian tax officials froze $478 million worth of deposits lying in local bank accounts of China's Xiaomi Corp in February as part of an investigation into alleged tax evasion, according to two sources and a court filing reviewed by Reuters.
12 May 2022, 13:29 PM

‘Nimtoli, Tazreen tragedies eye-openers for industrial safety’

The disasters like the Nimtoli tragedy and the Tazreen Fashion fire have been eye-openers for the government to take widespread measures immediately to ensure industrial safety, Industries Minister Nurul Majid Mahmud Humayun said today.
12 May 2022, 12:52 PM

Chowdhury AHM Lutful Huda, new CEO of SSLCOMMERZ

Chowdhury AHM Lutful Huda has recently been appointed as the CEO of SSLCOMMERZ Ltd.
12 May 2022, 10:46 AM

Sonia Bashir Kabir, Afeef Zaman, Morin Talukder named in 100 Global Tech’s Changemakers’ list

Sonia Bashir Kabir, Afeef Zaman, and Morin Talukder, three Bangladeshi tech and start-up entrepreneurs, have been named in the Rest of World (RoW)'s 100 Global Tech's Changemakers’ list for their contribution to the tech sector amid challenges.
12 May 2022, 06:55 AM

Domino’s Pizza’s Indian master franchise buys Bangladesh part

Jubilant FoodWorks, the master franchisee of Domino's Pizza in India, Sri Lanka, Bangladesh and Nepal, has fully acquired Jubilant Golden Harvest Ltd, the franchisee of Domino’s Pizza in Bangladesh.
11 May 2022, 15:08 PM

Munshi invites Canadians to set up canola oil mill in Bangladesh

Commerce Minister Tipu Munshi today invited the Canadian investors to set up canola oil manufacturing mills in Bangladesh.
11 May 2022, 12:47 PM

No banknote has been cancelled: Bangladesh Bank debunks rumour

Bangladesh Bank announced today that it has not cancelled any banknote.
11 May 2022, 12:42 PM

Rubayet-E-Ferdous joins Shanta Equity as CEO

Rubayet-E-Ferdous has recently joined Shanta Equity Ltd, a concern of Shanta Group, as chief executive officer.
11 May 2022, 11:54 AM

Stocks fall again today

Stocks tumbled for the consecutive second day and lost 73 points today.
11 May 2022, 11:28 AM

Bangladesh Bank toughens rules for luxury item import

Bangladesh Bank today instructed banks to take up to 75 per cent of payments in advance from businesses during opening of letters of credit for import of luxury and non-essential goods.
10 May 2022, 15:57 PM

Gold prices drop in local market

Gold prices dropped in the local market today thanks to a fall in its global rates.
10 May 2022, 14:36 PM

Refiners to find out if any dealer is involved in oil crisis

The Bangladesh Vegetable Oil Refiners & Vanaspati Manufacturers Association today said it will take action against the dealers if their involvement is found in creating an edible oil crisis.
10 May 2022, 13:07 PM

Non-banks can do real-time gross settlement from June 1

The non-bank financial institutions would be able to use real-time gross settlement (RTGS) system—a platform that helps lenders transfer fund on a real-time basis—from June 1, according to a Bangladesh Bank notice.
10 May 2022, 11:36 AM

Bangladesh economy grows 7.25% in FY22: BBS

Bangladesh’s economy has grown 7.25 per cent in the outgoing fiscal year of 2021-22, powered by an expansion of manufacturing activities, according to the provisional data of Bangladesh Bureau of Statistics (BBS).
10 May 2022, 08:56 AM

Bangladesh’s per capita income rises to $2,824

The per capita income in Bangladesh rose by 9 per cent year-on-year to $ 2,824 in 2021-22, according to data of Bangladesh Bureau of Statistics.
10 May 2022, 08:51 AM