Rancon rolls out six models of Mercedes Benz EVs

In recent years, German automotive manufacturers Audi and BMW, and Chinese giant BYD have launched EVs in Bangladesh.
5 May 2024, 00:00 AM

Will there be any respite from inflation?

To many, especially salaried and fixed-income individuals, this means they will have no option but to find ways to cut expenditures to bear increased electricity bills.
5 May 2024, 00:00 AM

BB likely to discard SMART formula as interest rate surges

In July last year, the central bank withdrew the 9 percent lending rate cap and introduced the Six-months Moving Average Rate of Treasury bills (SMART).
5 May 2024, 00:00 AM

Walton to make mobile phone circuit boards

The Bangladesh Telecommunication Regulatory Commission (BTRC) has recently decided to give approval to Walton Digi-Tech Industries to locally manufacture printed circuit boards (PCBs) specifically for handsets.
4 May 2024, 18:00 PM

CPD for nearly doubling tannery workers’ wages

Tannery workers in Bangladesh should get a minimum monthly wage of Tk 22,776 considering the current market conditions and high inflation in the country, according to the Centre for Policy Dialogue (CPD).
4 May 2024, 17:57 PM

Leadership in the era of AI

I was in the USA during second half of April and met many in the entrepreneurship, technology, and banking ecosystem. Almost everyone was talking about the expanded role of artificial intelligence (AI) in their day-to-day life. Some were talking of human jobs likely to be taken over by AI and some were of the opinion that even to run AI well, the industry would need well-trained human beings.
4 May 2024, 17:57 PM

US support sought to build Smart Bangladesh

ERD secretary sits with US delegation on the sidelines of the ADB annual meeting
4 May 2024, 15:40 PM

Conclude ex-Robi CEO’s case in 3 months: HC

Mahtab Uddin Ahmed lodged a lawsuit seeking Tk 227 crore compensation for his 'wrongful dismissal'
4 May 2024, 15:11 PM

Country’s first onion storage starts operation in Mymensingh

Bangladesh’s first onion storage and processing centre has started its operation at Bhaluka of Voradoba in Mymensingh on May 2
4 May 2024, 11:18 AM

Tannery workers' minimum wage should be Tk 22,776: CPD 

Minimum wage of workers in the tannery industry should be Tk 22,776 considering the current market conditions and high inflation, according to a study by CPD
4 May 2024, 09:37 AM

India lifts ban on onion export

Minimum Export Price would be US$ 550 per tonne
4 May 2024, 07:57 AM

Half of remittances came thru Islamic banking in Dec

Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
3 May 2024, 02:59 AM

Remittance rose 21% in April for Eid

Officials of commercial banks said the remittance inflows are not up to the mark considering the record number of manpower exports because the unofficial exchange rate is still high.
3 May 2024, 00:47 AM

Padma Bank MD asked to justify application on behalf of defaulter

The court has served a show-cause notice to the managing director of Padma Bank for applying for bail and release of property of a wilful defaulter without fulfilling the conditions of the law, according to court documents.
3 May 2024, 00:47 AM

Handover of 500 acres of land for Bay Terminal at final stage

In three separate letters, the Chattogram district administration yesterday instructed the Chittagong Port Authority (CPA) to deposit the land lease charges with the Bangladesh Bank and send copies of the respective receipts to its office.
3 May 2024, 00:47 AM

Export falls to a six-month low

The country shipped products worth $3.91 billion last month, down 0.99 percent from $3.95 billion a year ago, according to data released yesterday by the Export Promotion Bureau (EPB).
3 May 2024, 00:47 AM

GPH Ispat makes Tk 64 crore profit in Q3

GPH Ispat Ltd registered a profit of Tk 64.31 crore between July and March of the current financial year on the back of the relative stability in the exchange rate as it helped reduce expenses for raw materials imports.
2 May 2024, 18:30 PM

RAK Ceramics’ profit plunges 70% in Q1

RAK Ceramics (Bangladesh) Limited saw a 70 percent decline in profit in the first quarter of the current calendar year compared to same period last year due to a decline in sales.
2 May 2024, 18:00 PM

Power price to go up four times a year

The government has drawn up a plan to increase the price of electricity four times a year for the next three years to withdraw all subsidies in the power sector, which the IMF recommends.
2 May 2024, 18:00 PM

Career strategy in AI era

The dawning of the Artificial Intelligence (AI) era marks a significant shift in the technology landscape, profoundly affecting the job market.
2 May 2024, 17:56 PM