Chinese firm to invest $4m in Cumilla EPZ

Tianhui Button (BD) Co Ltd is set to invest $4 million to establish a garment accessories production unit at an export processing zone (EPZ) in Cumilla sadar upazila.
12 September 2024, 18:00 PM

Interview like a pro

While being interviewed, Jamil was asked if he was ok with working overtime without extra pay, and he quipped, “I can, as long as you don’t expect results”, to which the interviewer laughed, acknowledging the playful exchange.
12 September 2024, 18:00 PM

Nagad to go through forensic audit

The administrator of Nagad, a company that provides digital financial services under the Bangladesh Post Office, decided to conduct a forensic audit of all its previous work alongside a regular audit for fiscal year 2023-24.
12 September 2024, 18:00 PM

Beza to seek govt suggestion on fate of two Indian economic zones

The Bangladesh Economic Zones Authority (Beza) is likely to seek suggestions from top government officials over deciding the fate of two Indian special economic zones (SEZs), which have not seen any visible development over the past two years or so. 
12 September 2024, 18:00 PM

Govt urges China to reduce loan interest, extend repayment period

The government has requested China to lower the interest rates on existing Chinese loans to 1 percent and extend the repayment period to 30 years.
12 September 2024, 18:00 PM

Govt may miss Aman acreage target

Bangladesh may miss its target for cultivation of the Aman rice, the second biggest rice crop, this year as farmers in the eastern districts are unlikely to transplant the seedlings again in fields that were washed away by last month’s devastating flood.
12 September 2024, 18:00 PM

Luxury hotels fall silent as business travellers fade away

Luxury hotels in Dhaka are yet to resume normal business activities as foreign and local clients do not feel confident in travelling to the country given that the overall situation is still unstable.
12 September 2024, 18:00 PM

20 RMG workers sued over 'beating factory officials' in Ashulia

Authorities of an ready-made garments factory in Ashulia's Jamgra area, filed a case against 20 workers over allegations of vandalising the factory and beating up its officials
12 September 2024, 15:53 PM

Asia Insurance fined for embezzling Tk 2.27cr

The misappropriation by the non-life insurer involved TVS Auto Bangladesh Limited, which collected initial insurance policy papers for opening over two dozen letters of credit (LCs) in 2021 and 2022 to import goods.
12 September 2024, 14:33 PM

Foreign exchange reserves drop to $19.4 billion after ACU payment

Bangladesh’s foreign exchange reserve has dropped to $19.44 billion after the payment of $1.37 billion in import bills of July and August.
12 September 2024, 14:00 PM

Jainul Bari made chairman of Sadharan Bima 

The interim government has appointed Mohammad Jainul Bari, the immediate past chairman of the Insurance Development and Regulatory Authority (Idra), as the new chairman of the board of directors of Sadharan Bima Corporation, the finance ministry said in a circular today. Bari has been appointed on a contractual basis for a three-year term
12 September 2024, 10:33 AM

Nagad’s new administrator files complaint against former CEO

Badiuzzaman Didar, the newly-appointed administrator of Nagad, has filed a general diary (GD) against Tanvir A Mishuk, the former managing director and CEO of the mobile financial service provider
12 September 2024, 07:58 AM

Stocks rise for a second day straight

Share market indexes in Bangladesh maintained their upward trend for a second consecutive day yesterday as investors put fresh bets on lucrative issues amidst price fluctuations.
11 September 2024, 18:00 PM

Submarine Cables to issue 2.21cr shares

Bangladesh Submarine Cables PLC (BSCPLC) yesterday got approval to issue 2.21 crore ordinary shares against the government’s share money deposit of Tk 166 crore, which was provided when the company set up its second submarine cable for increasing internet bandwidth.
11 September 2024, 18:00 PM

FICCI urges NBR for full digitalisation

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) urged the National Board of Revenue (NBR) to take steps to fully digitalise its operations and enhance automation systems to optimise revenue generation.
11 September 2024, 18:00 PM

Taskforce formed for economic strategies

The planning ministry has formed a 12-member taskforce to develop strategies to give a boost to the economy and mobilise resources for equitable and sustainable development.
11 September 2024, 18:00 PM

No delay allowed for Alif directors’ Tk 200cr subscription

The Bangladesh Securities and Exchange Commission (BSEC) has decided not to extend the subscription time for directors of Alif Industries who decided to buy shares of the company worth Tk 200 crore.
11 September 2024, 18:00 PM

Role of NBFIs in the current economic context

Bangladesh Bank Governor Ahsan H Mansur has reassured that the central bank will provide liquidity support to assist struggling banks, which is a positive step.
11 September 2024, 18:00 PM

Now FBCCI gets an administrator

The interim government yesterday appointed an administrator to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) as its president had resigned amid a section of businesspeople demanding its board’s dissolution in the wake of last month’s political changeover.
11 September 2024, 18:00 PM

BSEC to go tougher on delinquent brokers

The Bangladesh Securities and Exchange Commission (BSEC) will go tougher on brokerage houses that have a deficit in their consolidated customers account (CCA) in an effort to bring more discipline to the country’s stock market.
11 September 2024, 18:00 PM