Robi clocks 75% higher profit in 2023

Robi-Axiata Ltd, the second-largest mobile phone operator in Bangladesh, made a profit of Tk 321 crore in 2023, which was an increase of 75 percent year-on-year.
15 February 2024, 18:30 PM

Govt to promote value-added products for post-LDC era

The government is considering further incentives while emphasising ICT and advanced technology in order to increase the production of value-added products as part of preparations for graduation from least developed country (LDC) status, Chairman of the National Board of Revenue (NBR) Abu Hena Md Rahmatul Muneem said yesterday.
15 February 2024, 18:00 PM

Inflation shoots up to 9.86pc in Jan

Inflation in Bangladesh climbed 45 basis points to 9.86 percent in January, official figures showed yesterday, defying measures undertaken by the central bank recently to bring consumer prices under control.
15 February 2024, 18:00 PM

GDP grows 6.07% in July-September quarter

Bangladesh’s economy grew at 6.07 percent in July-September of the current fiscal year, the first time the government has published the quarterly growth figure of gross domestic product (GDP). 
15 February 2024, 16:52 PM

Inflation shoots up to 9.86% in January

Inflation in Bangladesh has climbed 45 basis points to 9.86 percent in January, official figures showed today. 
15 February 2024, 16:18 PM

Walmart to source more from Bangladesh

Walmart's Executive Vice-President Andrea Albright says in meeting with Salman F Rahman
15 February 2024, 14:12 PM

Rancon Motors, Genex to build charging station for electric vehicles

Seven charging stations will be in Dhaka and 14 others countrywide
15 February 2024, 13:40 PM

DSE’s turnover tumbles again as investors wait by the sidelines

Daily turnover, which measures the total volume of shares traded, fell for the fourth day in a row yesterday as investors have adopted a wait and see approach to gauge market trends
15 February 2024, 11:24 AM

Currency swap between Bangladesh Bank and commercial banks introduced 

Bangladesh has decided to introduce currency swaps between the central bank and commercial banks considering the local foreign exchange market dynamics
15 February 2024, 10:42 AM

Crowd briefly blocks entrance to Grameen Telecom building  

A group of men and women blocked the entrance to the Grameen Telecom building this morning, adding a new twist to the development revolving around Grameen Kaylan and Grameen Telecom
15 February 2024, 06:28 AM

Age, education criteria set for appointing banks’ independent directors

The Bangladesh Bank (BB) has for the first time set the minimum and maximum age and other criteria for independent directors of banks as part of its efforts to restore good governance in the scam-hit banking sector.
15 February 2024, 00:30 AM

Engage public, private sectors in push for ease of doing business: MCCI

Engagement of both public and private sectors is important for the successful implementation of measures to improve ease of doing business, said a top leader of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) yesterday.
15 February 2024, 00:16 AM

GIZ to provide €22.17m for tech cooperation

GIZ, a German development agency, will provide Bangladesh with 22.17 million euros for technical cooperation in five areas.
15 February 2024, 00:16 AM

Diversify products, markets to increase exports: experts

Bangladesh should undertake rigorous programmes for diversifying its products, markets and brands in order to increase exports and thereby face challenges after graduating from a least developed country (LDC), according to various experts and policymakers.
15 February 2024, 00:16 AM

Palak asks BTRC to recover dues of Tk 5,300cr from Teletalk

State Minister for Posts, Telecom and ICT Zunaid Ahmed Palak directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to recover dues amounting to Tk 5,300 crore from Teletalk Bangladesh Limited.
15 February 2024, 00:09 AM

Govt issues Tk 2,357cr bonds to clear arrears of fertiliser importers

The Finance Division yesterday issued a further batch of special bonds worth Tk 2,357 crore to clear arrears to fertiliser importers.
15 February 2024, 00:09 AM

Sunquick rolled out to win hearts of customers thru quality fruit drinks

ACI CO-RO Bangladesh Ltd, a joint venture of ACI Ltd and Danish fruit drinks manufacturer CO-RO A/S, has launched its juice products in Bangladesh under the brand name Sunquick.
15 February 2024, 00:09 AM

DCCI for tax withdrawal from staff welfare funds

The Dhaka Chamber of Commerce and Industry (DCCI) yesterday demanded withdrawal of tax on welfare funds for private sector employees, including provident, pension and gratuity funds, to end discrimination in taxation with regard to public servants.
15 February 2024, 00:09 AM

BB asks Union Capital, Prime Bank for detailed merger plan

Bangladesh Bank (BB) yesterday asked Union Capital and Prime Bank to submit a detailed plan about how they would merge.
15 February 2024, 00:03 AM

Sugar, palm oil and date prices increase in spite of duty cut

In order to boost supplies and contain prices of essential goods during the month of Ramadan, the government took measures to alleviate the burden on consumers by reducing value added tax and import duties on four commodities -- edible oil, sugar, dates and rice on February 8.
14 February 2024, 18:00 PM