Special arrangements in Nov to help file tax returns

Instead of holding an income tax fair, the National Board of Revenue (NBR) says it will have dedicated officials and special arrangements at field-level offices to extend tax services and facilitate return submissions throughout November.
3 November 2024, 18:31 PM

IFIC Bank issues notice to Shakib for Tk 4.13cr loan repayment

IFIC Bank has served a legal notice to Shakib Al Hasan Agro Farm Ltd, an entity owned by its namesake and the former captain of the Bangladesh national cricket team, after a cheque issued by the company bounced.
3 November 2024, 18:24 PM

Rising remittance provides a breather amid forex crisis

Remittance inflow has continued to rise for the past few months, providing a breather for a country facing multiple challenges, including external payment pressures amid dwindling foreign exchange reserves.
3 November 2024, 18:00 PM

Chinese fabric recycler to invest $35m in Mongla EPZ

Xingchen Textile Co Ltd, a Chinese company, signed a deal with Bangladesh Export Processing Zones Authority (Bepza) yesterday to invest $35.03 million in setting up a textile recycling factory in Mongla Export Processing Zone (EPZ).
3 November 2024, 18:00 PM

Apple narrowly beats estimates with boost from iPhone sales

Apple reported revenues Thursday that narrowly surpassed analyst expectations, sending shares lower in after-hours trading even as the company enjoyed a boost from iPhone sales.
3 November 2024, 18:00 PM

Policies for SMEs to find their way towards ESG

Small and medium-sized enterprises (SMEs) are the lifeblood of economic development, especially in countries like Bangladesh.
3 November 2024, 18:00 PM

US hiring slowest since Biden took office

US job growth slowed drastically in October, hit temporarily by hurricanes and labor strikes, in a final major economic snapshot in a razor-edge presidential election campaign where cost-of-living worries have dominated voter concerns.
3 November 2024, 18:00 PM

Tea production takes a hit from bad weather

Tea production in Bangladesh will likely decline this year due to adverse weather, namely sporadic bursts of rain and subsequent flooding, according to market players.
3 November 2024, 18:00 PM

Govt lifts investment cap on wage earner bond

The government has removed the highest investment limit of the Wage Earner Development Bond to encourage non-resident Bangladeshis (NRBs) to send more foreign currency to the country, which has been facing a forex shortage for more than two and half years.
3 November 2024, 18:00 PM

Swift move for EPA with Korea is crucial

With Bangladesh set to graduate from least developed country (LDC) status at the end of 2026, swift action on an Economic Partnership Agreement (EPA) with South Korea is crucial, the ambassador of South Korea to Bangladesh Park Young-sik said yesterday.
3 November 2024, 18:00 PM

Linde Bangladesh sees 30-fold rise in profit

Linde Bangladesh Ltd, a leading medical and industrial gas supplier, saw a massive surge in its profit in the July-September quarter of 2024 compared to the corresponding period last year, according to its latest quarterly financial statements.
3 November 2024, 18:00 PM

Denim Expo begins in Dhaka tomorrow

Bangladesh Apparel Exchange will organise the two-day expo
3 November 2024, 13:42 PM

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October
3 November 2024, 12:48 PM

Harvester operator training simulator launched by USAID-funded organisation 

It will help in developing skills of operators, said the organisers
3 November 2024, 10:35 AM

Govt lifts investment cap on wage earners bond

With the removal of the cap, there is no ceiling of investment in any bonds issued by the government to enable NRBs to park their funds in the country.
3 November 2024, 10:23 AM

Linde Bangladesh posts Tk 608 crore profit in Q3

Significant capital gains drove the year-on-year profit growth
3 November 2024, 07:21 AM

Adani to stop power supply to Bangladesh unless dues settled by Nov 7: report 

It already reduced electricity supply to Bangladesh from October 31
3 November 2024, 06:22 AM

Stocks extend gaining streak 

DSEX, the benchmark index of the Dhaka Stock Exchange, climbed 59.15 points to reach 5258.55
3 November 2024, 05:25 AM

Agent banking sees rise in female participation

Women now account for 49.67 percent of the total deposits made through agent banks
3 November 2024, 04:41 AM

Addressing cyber risk in the financial sector

Despite various challenges, the financial sector in Bangladesh is undergoing a rapid digital transformation, driven by economic development and the increasing adoption of new technologies.
2 November 2024, 18:00 PM