Forex with banks on the decline

Foreign currencies held by commercial banks in Bangladesh are on the decline due to high demand, indicating growing pressure on the country’s external sector.
21 May 2024, 16:40 PM

Tk 258 crore street lighting project okayed

Ecnec approved the project titled “Modernisation of City Street Light System under Chattogram City Corporation”
21 May 2024, 14:38 PM

‘Tax exemption on IT sector to continue’

PM’s Adviser Salman F Rahman says at BASIS event
21 May 2024, 14:08 PM

Administrator appointed for Swadesh Islami Life Insurance

Sk Md Rezaul Islam, former additional secretary, will be the new administrator with immediate effect
21 May 2024, 11:47 AM

USTDA, CdNet team up for Bangladesh International Submarine Cable (Bagha-1)

The US Trade and Development Agency (USTDA) has awarded a feasibility study grant to Bangladeshi telecom company CdNet Communications Ltd (CdNet) to expand reliable internet connectivity across Bangladesh through the development of the Bangladesh International Submarine Cable (Bagha-1).
21 May 2024, 09:16 AM

Power Grid Company to issue 250cr preference shares

The Power Grid Company Ltd on Sunday got the go-ahead from the Bangladesh Securities and Exchange Commission (BSEC) to issue preference shares against its share money deposit
21 May 2024, 04:16 AM

AI starts to replace entry-level IT jobs in Bangladesh

It was a pretty good project for SkyTech Solutions for the last few years: generating earnings of $8.5 per hour for each of over 50 people.
21 May 2024, 01:00 AM

How GP makes more money than Robi

The profit margin of Grameenphone Ltd was around seven times more than that of Robi Axiata Ltd in 2023.
21 May 2024, 00:30 AM

NBR plans self-assessment of tax liabilities for all firms

The National Board of Revenue (NBR) is likely to introduce self-assessment for companies from 2024-25 to allow them to determine their own tax liabilities and cut reliance on taxmen.
20 May 2024, 18:30 PM

Lending through agent banking rises 41%

Agents disbursed Tk 16,482.5 crore loans as of March this year, up from Tk 11,667 crore in March last year
20 May 2024, 18:05 PM

Stocks fall for sixth straight day

Shares on the Dhaka Stock Exchange (DSE) fell for the sixth consecutive day yesterday thanks mainly to the price erosion of several large-cap scrips.
20 May 2024, 18:00 PM

BB lets bankers offer existing dollar rate to exporters

In its effort to arrest the fall in forex reserves and bring unrealised export proceeds into the country, the Bangladesh Bank today allowed bankers to offer the existing US dollar exchange rate to exporters.
20 May 2024, 16:55 PM

ABB clarifies reasons of bank MDs' USA visit

26 managing directors are going on invitation to attend Annual US-Bangladesh Bilateral Banking Dialogue
20 May 2024, 16:18 PM

Stocks fall for sixth consecutive day

Large-cap shares continue to see price erosions
20 May 2024, 11:36 AM

Achieving $110b export target by FY27 is difficult

The government’s target of earning $110 billion from exports by the fiscal year of 2026-27 would be difficult to attain because of the persisting challenges in the global and local economies, economists and businesspeople said.
20 May 2024, 01:30 AM

Online tax returns can bring $32b extra revenues annually: CPD

Bangladesh can raise an additional $32.6 billion in revenues annually within the next four years if the electronic filing of tax returns can be ensured, said the Centre for Policy Dialogue (CPD) yesterday.
20 May 2024, 01:00 AM

Stocks plunge to 3-year low

Stocks in Bangladesh dropped for a fifth consecutive day yesterday for a selling spree of some large investors, sending the major index of the Dhaka Stock Exchange (DSE) to a three-year low.
19 May 2024, 18:00 PM

BGMEA seeks extension of EU's Everything but Arms facility

EU ambassador meets BGMEA president in Dhaka
19 May 2024, 15:09 PM

DSE index hits three-year low

The DSEX ended today at 5,431.28 points
19 May 2024, 12:55 PM

Banglalink’s revenue rises to Tk 1,544 crore in Jan-Mar

The revenue grew thanks to a significant expansion in subscriber base
19 May 2024, 12:35 PM