Renata to avail ‘Cash Pickup’ service of bKash

Renata Ltd, a pharmaceutical manufacturer of Bangladesh, recently signed a deal with bKash to use its business-to-business (B2B) “Cash Pickup” solution at 19 distribution depots across the country.
5 September 2023, 18:00 PM

Sugar price in India jumps to 6-year high

Sugar prices in India have jumped by more than 3 percent in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country’s key growing regions raised production concerns for the upcoming season.
5 September 2023, 18:00 PM

Bangladesh Festival begins Sept 27

The first “Bangladesh Festival”, a four-day fair aiming to promote tourism in Bangladesh, will begin at the Bangabandhu International Conference Centre in Dhaka on September 27.
5 September 2023, 18:00 PM

No sign of recovery in shrimp exports

After recording a 21 percent dip in earnings in fiscal 2022-23, the downturn in frozen food exports have extended in the current fiscal year, according to market players.
5 September 2023, 18:00 PM

Don’t do business with two banks of Myanmar

Bangladesh Bank has instructed local banks to refrain from engaging in financial transactions with Myanmar Foreign Trade Bank (MFTB) and Myanmar Investment and Commercial Bank (MICB) as the US has recently imposed sanctions on these two. 
5 September 2023, 18:00 PM

‘Bangladesh on right track to become middle income country’

Bangladesh is on the right track to become a high middle-income country by 2041, said Souleymane Coulibaly, acting country director for Bangladesh and Bhutan of The World Bank, yesterday. 
5 September 2023, 18:00 PM

Pran-RFL concern raises Tk 300cr thru sukuk

Banga Building Materials Limited (BBML), a concern of Pran-RFL Group, has raised Tk 300 crore issuing sukuk bonds to repair existing machinery and procure new ones. 
5 September 2023, 18:00 PM

Construction of Patuakhali EPZ to begin soon

The construction of an export processing zone (EPZ) in Patuakhali will begin soon after all land acquisition costs are cleared within the next one month or so, according to project officials.
5 September 2023, 00:00 AM

Shamim re-elected as BPGMEA president

Shamim Ahmed has been re-elected as the president of the Bangladesh Plastic Goods Manufacturers & Exporters Association (BPGMEA) for a one-year term (2023-2024).
4 September 2023, 18:00 PM

Shift warehouses to Shyampur, get licences renewed

Traders in Old Dhaka who shift their chemical warehouses to the capital’s Shyampur will be able to get their trade licences renewed, said Dhaka South City Corporation Mayor Sheikh Fazle Noor Taposh yesterday. 
4 September 2023, 18:00 PM

Elevated expressway to help drive economic growth, job creation

The country’s two leading trade bodies -- the Metropolitan Chamber of Commerce and Industry (MCCI) and Dhaka Chamber of Commerce and Industry (DCCI) -- welcomed the inauguration of the Dhaka Elevated Expressway and termed it a historic milestone for Bangladeshi people.
4 September 2023, 18:00 PM

Why digital banks may be more successful

Bangladesh Bank issued comprehensive guidelines for establishing digital banks in mid-June. This important decision has generated a lot of excitement among different groups, including major banks, non-banking financial institutions (NBFIs) and innovative startups.
4 September 2023, 18:00 PM

Banks can’t transfer exporters’ proceeds

Bangladesh Bank yesterday barred transferring the value-added portion of export proceeds to other banks for settling the exporters’ import liabilities.
4 September 2023, 18:00 PM

Slow export, fall in remittance to put pressure on economy

The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months.
4 September 2023, 18:00 PM

Private sector’s foreign debt falls further

Short-term private sector foreign debt has continued to fall since January of this year, with new disbursements being outweighed by repayments each month this year except May.
4 September 2023, 18:00 PM

Exports rise slightly in August

Earnings from merchandise shipments in August increased slightly by 3.80 percent to $4.78 billion, mainly riding on apparel exports as all the other major sectors staged a poor performance last month.
4 September 2023, 18:00 PM

Slow export, fall in remittance a matter of concern: economists

The slowing growth of exports and slump in remittances is not good news. It is rather concerning as the latest data of the two major indicators shows that the pressure on the economy is likely to increase unless there is any rebound in inflows in the coming months
4 September 2023, 16:25 PM

Yarn prices go up on rising RMG orders for spring

Yarn prices have been increasing in the domestic market over the last two weeks as demand from garment exporters is rising amid a hike in work orders from international clothing retailers and brands thanks to easing inflation in the West.
4 September 2023, 00:24 AM

Investors barely show interest in bank, NBFI stocks

Investors are hardly showing any interest to buy stocks of banks mainly due to the sector’s key indicators portraying a gloomy outlook. 
4 September 2023, 00:00 AM

Two panels formed to probe high egg, chicken prices

Amidst the backdrop of the recent rise in egg and broiler chicken prices, the Bangladesh Competition Commission (BCC) has formed two committees to investigate whether a lack of fair competition in the poultry industry was playing a role.
3 September 2023, 18:00 PM