Amnesty condemns ‘use of force’ on RMG demos

Amnesty International in a statement yesterday condemned the deplorable use of force on protesters on Wednesday that resulted in the deaths of at least two garment workers in clashes with the police in protests relating to minimum wage
9 November 2023, 19:09 PM

Don't buy USD from remitters at over Tk 116

Bangladesh Bank yesterday directed banks not to buy US dollars from remitters by paying more than Tk 116.
9 November 2023, 18:02 PM

Jute goods makers' tax benefit extended

The National Board of Revenue (NBR) has extended reduced tax benefits for jute goods makers for three years until fiscal year (FY) 2025-26, according to a notification issued recently.
9 November 2023, 18:00 PM

Over 55% BGMEA member factories closed in four decades

Nearly 4,000 member factories of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) have faced closure for various reasons since the country emerged as an apparel manufacturing nation in the late 1970s, data from the trade body showed today.
9 November 2023, 17:35 PM

Blockade: Transporters cash in on delivery rush

Importers rushed to the Chittagong port today as they look to secure the delivery of imported goods on the last day of the week and during the weekend in order to avoid being caught in another spell of blockade
9 November 2023, 16:43 PM

Dollar surges up to Tk 127 in kerb market

Each dollar was Tk 121-Tk 122 a day ago
9 November 2023, 14:26 PM

US calls on Bangladesh to end 'crackdown' on RMG workers

The US Department of Labor has called on the Bangladesh government to end the violent crackdown on protesting garment workers and conduct a full investigation into the alleged involvement of police in the killings of two workers
9 November 2023, 13:56 PM

'Cut red tape to boost exports'

Commerce minister says at the groundbreaking ceremony of Roptani Unnayan Bhaban
9 November 2023, 13:10 PM

Global fashion brands commit to raise purchase prices for Bangladesh-made clothes

Global fashion retailers including H&M HMb.ST and Gap GPS.N are committed to raising purchase prices for Bangladesh-made clothing to help factories there offset higher workers' wages, a US-based association representing more than 1,000 brands said
9 November 2023, 11:58 AM

Power Grid Company suffers Tk 626 crore loss in FY23

The Power Grid Company of Bangladesh Ltd incurred a massive Tk 626.48 crore loss in the financial year ended June 30.
9 November 2023, 06:53 AM

ICB suffers 46% profit fall in FY23

The Investment Corporation of Bangladesh (ICB) suffered a 46 percent year-on-year decline in profit to Tk 77.84 crore in the financial year that ended on June 30.
9 November 2023, 06:41 AM

Blockade to deepen existing economic crisis

The Foreign Investors' Chamber of Commerce & Industry (FICCI) yesterday warned that violence and blockade will adversely impact the orders for exports and foreign currency inflows, thus deepening the existing economic challenges.
9 November 2023, 02:01 AM

Apparel shipment to US takes a nosedive

Bangladesh’s garment export to the United States fell 23.33 percent year-on-year to $5.77 billion in January-September owing to a demand slowdown in the world’s largest economy and the piling up of stocks.
9 November 2023, 01:02 AM

PM to lay foundation stone on Nov 11

Construction work on the first terminal of Bangladesh’s maiden deep sea port at Matarbari in the Moheshkhali upazila of Cox’s Bazar will start soon as the tender process for appointing a contractor is in the final stages.
9 November 2023, 01:00 AM

Businesses harassed by customs

Businessmen yesterday alleged that they faced harassment from customs while seeking clearance for their goods.
8 November 2023, 18:00 PM

Star Business Report

Two top bodies of bankers yesterday asked lenders not to offer over Tk 115 for one US dollar when conducting the exchange with Bangladeshi migrants working abroad, according to insiders.
8 November 2023, 18:00 PM

Go back to work to get new RMG wage: BGMEA

New minimum wage will be effective from Dec 1
8 November 2023, 16:07 PM

NBR offers tax rebate for Universal Pension Scheme

It also gives go-ahead to no tax on claims upon maturity
8 November 2023, 15:39 PM

After IDB, ICB, Saudi firm Al-Rajhi leaves Islami Bank

It sold 15.99 crore or 9.93% shares of the bank
8 November 2023, 13:25 PM

Reserves fall to $19.5 billion after ACU payment

$1.17 billion of ACU payment was cleared today
8 November 2023, 13:01 PM