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

a2i, Sublime to set up 50,000 digital centres

Aspire to Innovate (a2i) and Sublime Ltd has signed a memorandum of understanding (MoU) for establishing 50,000 digital service centres in rural areas across Bangladesh, according to a press release.
14 February 2024, 15:35 PM

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

The leading chamber holds its first quarterly luncheon meeting
14 February 2024, 12:49 PM
14 February 2024, 11:11 AM

Shares fall for third day amid profit booking

Shares at Dhaka Stock Exchange (DSE) continued to fall for a third consecutive day today as investors booked profits following recent gains
14 February 2024, 10:51 AM

Exports to South Korea tripled in 5 years on duty benefits

Exports from Bangladesh to South Korea nearly tripled over the past five years thanks to duty-free benefits and a push by exporters to explore the world’s 13th largest economy and thereby diversify their export destinations.
14 February 2024, 01:15 AM

Garment exports to rebound in May as global economy on the mend

Garment export from Bangladesh may witness a strong rebound from May as suppliers are receiving a lot of inquiries from international buyers as the global economy recovers from the severe fallout of the Covid-19 pandemic and the Russia-Ukraine war.
14 February 2024, 01:00 AM

Move to shrink credit flow to private sector may hurt economy

The central bank's move to squeeze credit flow to the private sector will adversely impact production and job creation in the country in the coming months as the demand for working capital is already rising amid the heavy devaluation of the local currency against the US dollar, said a chamber leader yesterday.
14 February 2024, 00:39 AM

NRB Bank MD resigns

The managing director and CEO of NRB Bank has stepped down citing personal reasons.
14 February 2024, 00:00 AM

64% of freelancers trained under govt project now employed

About two-thirds of the freelancers trained under a government project are now outsourcing their skills to foreign clients, thereby contributing to Bangladesh’s foreign reserves, according to an official of the Planning Commission.
13 February 2024, 18:00 PM

Female-headed households rise to a decade high

In 2022, some 17.4 percent of households were led by women, up from 16 percent the year before and 15 percent in 2020. It was 11.6 percent in 2013.
13 February 2024, 15:12 PM

Stocks fall for second day amid profit booking

Shares at Dhaka Stock Exchange (DSE) dropped for a second consecutive day yesterday as investors booked profits following recent gains.
13 February 2024, 12:18 PM

Companies that win gold in govt’s export trophies

The government yesterday named the winners of the National Export Trophy for fiscal 2021-22.
13 February 2024, 09:20 AM

Green Delta’s full-year profit drops on high expenses

Green Delta Insurance Ltd reported that its profit declined 16 percent year-on-year in 2023 and recommended a 25 percent cash dividend
13 February 2024, 06:44 AM

Bangladesh revises plans to cut export aid

The new cash incentive on export receipts became effective from February 1 instead of the first day of January as announced earlier while some markets and products have been brought back under the facility following pleas from the business community.
13 February 2024, 01:15 AM

NBR chief blasts abusers of duty benefits

National Board of Revenue (NBR) Chairman Abu Hena Rahmatul Muneem yesterday said they provide duty benefits to industries after careful consideration as a section of dishonest businesses abuse such privileges, causing tax losses for the state.
13 February 2024, 00:45 AM

Summit plans to use Bangladesh as transit point to supply bandwidth to northeast India

The telecom regulator has sought consent from the government after Summit Communications Ltd applied to use Bangladesh as a transit point to supply bandwidth to the northeastern states of India.
13 February 2024, 00:30 AM

Tk 300cr project on the cards to train freelancers

The objective of the project is to make them eligible to earn foreign currency through freelancing
13 February 2024, 00:15 AM

Financial account deficit narrows slightly

The deficit in the financial account narrowed slightly in July-December of the current financial year, highlighting an easing of stress facing Bangladesh, central bank figures showed yesterday.
13 February 2024, 00:05 AM

Defaulted loans soar 20.7pc in 2023

The banking sector’s defaulted loans soared 20.7 percent to Tk 145,633 crore in 2023 as both governance and accountability continue to get looser.
12 February 2024, 18:00 PM