Gold price to break all-time record

The price of gold in Bangladesh is set to break all previous records tomorrow as jewellers in the country today decided to further increase their rates for precious metal.
6 April 2024, 15:25 PM

Attacks in hilly areas will not affect tourism: tourist police chief

Additional Inspector General of Police Md Abu Kalam Siddique, the chief of Tourist Police, today said the attack in the hilly areas will not affect tourism sector
6 April 2024, 11:55 AM

Five ICT trade bodies demand tax exemption until 2031

Five associations representing the ICT sector yesterday demanded that the government extend tax exemptions on businesses offering software and IT-enabled service (ITES) till 2031, saying their development was crucial to the government’s vision for a Smart Bangladesh.
4 April 2024, 18:01 PM

Bangladesh must accelerate man-made fibre production to boost exports: PwC study 

Bangladesh should fast-track the production of garments from man-made fibre (MMF), as the global exports of such apparel is projected to increase from 50 percent in 2022 to 60 percent in 2030, according to a recent study by Price Waterhouse Cooper (PwC)
4 April 2024, 08:48 AM

Renata starts directly exporting medicines to US 

Renata PLC has begun exporting medicines to the US market, becoming the sixth pharmaceutical manufacturer from Bangladesh to directly ship products to the world's largest market
4 April 2024, 08:25 AM

Stocks make a comeback

The benchmark index of Dhaka Stock Exchange (DSE) staged a comeback yesterday, snapping a two-day losing streak.
3 April 2024, 18:00 PM

ICT entrepreneurs demand extension of tax exemptions

With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
2 April 2024, 18:30 PM

Monetary policy transmission hindered by SMART lending rate cap: World Bank

The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.  
2 April 2024, 05:48 AM

NBR issues gazette to process imports faster

The National Board of Revenue (NBR) has issued a gazette notification stipulating that imports have to be declared well in advance of the previous deadline for notifying of their arrival, all to reduce false declarations and enable quick releases.
1 April 2024, 18:02 PM

Aavishkaar Capital invests $ 5 million in Midland Bank

Aavishkaar Capital, a concern of Aavishkaar Group, in partnership with KfW, a German state-owned development bank, has signed an agreement to invest the $5 million from its Environmental, Social and Governance (ESG) First Fund into Midland Bank.
1 April 2024, 14:45 PM

TCB to sell Indian onions at Tk 40/kg from tomorrow

The Trading Corporation of Bangladesh (TCB) will start selling Indian onion at Tk 40 per kilogramme (kg) in Dhaka, Gazipur and Chattogram cities from tomorrow.
1 April 2024, 14:20 PM

Emerald Oil’s profit rises 5% in October-December quarter 

The profit was Tk 1.73 crore in the identical quarter of October-December in 2022-23. Thus, earnings per share rose to Tk 0.2 from Tk 0.19, according to a filing on the Dhaka Stock Exchange yesterday. 
1 April 2024, 09:10 AM

Beximco gets nod to issue bond

The Bangladesh Securities and Exchange Commission (BSEC) today gives the go-ahead to a zero-coupon bond for Beximco, one of Bangladesh's leading conglomerates, to raise Tk 1500 crore from institutional and high net worth individuals.
31 March 2024, 14:10 PM

Reckitt Benckiser Bangladesh recommends lowest dividend in 9 years despite profit growth 

The multinational company reported a profit of Tk 82.04 crore in 2023, up from Tk 65.91 crore in the same period the previous year
31 March 2024, 06:19 AM

Smuggled sugar costing govt crores

The Bangladesh Sugar Refiners Association (BSRA) alleged that the government is being deprived of Tk 3,000 crore annually due to sugar smuggling.
30 March 2024, 18:00 PM

Cut import duties on essential commodities: FBCCI

Build a database of the essentials to ensure smooth supply, it says
30 March 2024, 14:51 PM

Scooter sales rev up as riders seek comfort

Local retailers post up to 65% rise in monthly scooter sales
30 March 2024, 13:48 PM

Foreign loan commitment jumps 300% in Jul-Feb

Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.
28 March 2024, 18:00 PM

Litchi growers expect good harvest this year

There are over 4,000 orchards dotting the district
28 March 2024, 15:18 PM

High bad loans a 'big threat' to financial sector: BB

The central bank said in quarterly review on money and exchange rate
28 March 2024, 14:30 PM