FBCCI demands punishment for those responsible for Bailey Road fire

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today demanded exemplary punishment for those responsible for neglecting safety measures after 46 lives were lost in a devastating fire at a building in the capital’s Bailey Road on Thursday night.
2 March 2024, 11:53 AM

WTO fails on major reforms, extends digital tariff ban in Abu Dhabi meeting

World Trade Organization (WTO) negotiators failed to break a deadlock on major reforms on Friday despite talks extending deep into overtime in Abu Dhabi, in what some delegates said was a triumph of national interest over collective responsibility.
2 March 2024, 10:50 AM

Bangladesh to get duty benefit for 3 years after LDC graduation

Bangladesh will continue to get duty benefit for three more years after the graduation to a developing nation from the least developed country (LDC) in 2026 thanks to the decision taken at the 13th Ministerial Conference of the World Trade Organisation (WTO).
2 March 2024, 04:06 AM

India to export 50,000 tonnes of onion to Bangladesh

The shipment will be sent to Bangladesh through the National Cooperative Exports Limited
1 March 2024, 10:29 AM

Insurance premium growth slows

Insurance premium growth decelerated in 2023 as people’s purchasing power eroded amid higher inflationary pressure, despite the sector’s immense potential in a country that has one of the lowest penetration rates in the world.
1 March 2024, 00:58 AM

Women hold majority of accounts opened thru’ agent banking

The number of women in Bangladesh with bank accounts opened via agent banking far exceeds that of men as the facility offers better accessibility and guidance for various banking services, making it particularly suitable for those living in rural areas.
1 March 2024, 00:58 AM

Lending rate goes past 13% despite lowering of margin

The interest rate on loans is going to surpass 13 percent from March despite lowering the margin as the benchmark interest rate has been increasing consistently since its introduction.
1 March 2024, 00:58 AM

Cotton growers unhappy as prices fail to meet expectations

Although the cultivation of cotton is on rising as growers look to meet a portion of local demand and reduce dependence on imports, growers are unsatisfied with the low prices of the white fibre on the domestic market.
1 March 2024, 00:04 AM

Stocks fall for a second day

Major indices of the Dhaka Stock Exchange (DSE) fell for the second session in a row yesterday as investor participation remains low.
1 March 2024, 00:04 AM

Govt approves LNG purchase from Summit

The government yesterday decided to procure liquified natural gas (LNG) from Summit Oil and Shipping Co Limited (SOSCL) on a 15-year contract.
1 March 2024, 00:04 AM

The amazing science of happiness

In a forest, a crow encounters a swan and begins to feel inferior due to the swan's white feathers, presuming the swan must be the happiest bird. The swan, on the other hand, envies the parrot for its two colours, believing it to be happier.
29 February 2024, 17:58 PM

BGMEA for removal of non-tariff barriers to Indo-Bangla trade

BGMEA president meets Bangladeshi high commissioner to India
29 February 2024, 15:46 PM

Banks’ offshore operations to receive a boost

Offshore banking units have been relieved from maintaining cash reserve ratio
29 February 2024, 15:11 PM

Forex reserves rise $377m in a week

Bangladesh's foreign currency reserves rose $377 million in a week to about $20.57 billion, central bank figures showed.
29 February 2024, 14:58 PM

LafargeHolcim Bangladesh's sales, profit grow

The company's sales grew 20%, profits 34% in 2023
29 February 2024, 14:31 PM

Soybean oil to be Tk 10 cheaper from tomorrow

A litre of soybean oil will be Tk 163, down from the existing Tk 173
29 February 2024, 14:05 PM

Md Wahiduzzaman, new REHAB president

Liaquat Ali Bhuiyan is REHAB’s new senior vice president
29 February 2024, 13:09 PM

BB cuts lending rate margin by 25 basis points

Banks can now impose a 3.5% margin with SMART for lending
29 February 2024, 12:44 PM

Offshore unit officials to face fine if false info provided

The Bangladesh Bank will be able to impose a fine of up to $5,000 or an equivalent amount in the local currency on the officials of offshore banking units (OBUs) if they provide false information intentionally.
29 February 2024, 00:28 AM

Investment instruments that Bangladeshi savers consider safe

Around 53 percent of the respondents of a survey in Bangladesh said they prefer making investment in deposit pension scheme (DPS) to set aside funds for rainy days.
29 February 2024, 00:23 AM