GM cotton cultivation kicks off

Bangladesh has started cultivation of genetically modified (GM) cotton for the first time this year to boost yields and cut import dependence of the raw materials of yarn, a top official of the Cotton Development Board (CDB) said yesterday.
26 August 2023, 18:00 PM

Infrastructure needed for plastic circularity

Bangladesh needs to establish the required infrastructure to efficiently collect, store and recycle plastic products in order to achieve circularity in the industry, speakers said at a seminar.
26 August 2023, 18:00 PM

Brac Bank, Gram Unnayan sign deal

Brac Bank recently signed a strategic partnership with a non-governmental organisation (NGO) Gram Unnayan Karma to support farmers living in remote char areas by enabling them to adopt high-value crops and develop markets for their agricultural produce.
26 August 2023, 18:00 PM

Listed NBFIs log lower earnings in January-June

All of the listed non-bank financial institutions (NBFIs) in Bangladesh that published their financial reports for the January-June period of the current calendar year reported lower earnings due to reduced interest income, among other reasons.
25 August 2023, 00:00 AM

Electric vehicle sales yet to gain pace

Although Bangladesh is laying the groundwork for gradually adopting electric vehicles (EVs), sales are yet to gain pace because of higher prices, further inflated by an elevated level of import duty and the cost of registration, according to market players.
25 August 2023, 00:00 AM

Develop light engineering to meet investment-GDP ratio targets

The light engineering sector’s development is crucial for meeting the investment-GDP ratio target of 27.35 percent by fiscal year 2024-25, said DCCI President Md Sameer Sattar yesterday. 
24 August 2023, 18:00 PM

Foreign trip or company-paid holiday?

While having lunch with his colleagues, Jamal announced he was going to Singapore to attend a training workshop. Cheers followed, but some were struggling to conceal their resentment with “But you came back from Bangalore last month” and the like.
24 August 2023, 18:00 PM

Sustainable finance on the rise

Sustainable finance extended by banks rose nearly 40 percent year-on-year to Tk 35,387 crore in the first quarter of 2023 as lenders keep disbursing a higher volume of loans to eco-friendly businesses and industries, official figures showed.
24 August 2023, 18:00 PM

Tax for FY24 to be assessed as per new law

Taxpayers will need to assess their taxable income and payable taxes based on the Income Tax Law 2023 that came into effect in June, according to a clarification by the National Board of Revenue (NBR).
24 August 2023, 18:00 PM

Exports of 43 sectors to remain eligible

Bangladesh Bank (BB) yesterday announced that 43 products or sectors will be eligible for government stimulus or cash incentives against export receipts for the current fiscal year of 2023-24. 
24 August 2023, 18:00 PM

Foam industry firming up

The market for polyurethane foam is growing in Bangladesh as the material is being increasingly used for making upholstered furniture as well as packaging and insulation, according to industry insiders.
24 August 2023, 00:00 AM

BRICS membership: Experts don’t see immediate benefits

Trade economists are being cautiously optimistic about the immediate benefits if Bangladesh is given membership of the BRICS bloc, which is a five-nation alliance comprising Brazil, Russia, India, China and South Africa.
24 August 2023, 00:00 AM

Export gains limited from existing trade deals

Bangladesh has so far signed five bilateral and regional trading agreements to bolster exports, trade and investments with a view to expediting economic growth. 
24 August 2023, 00:00 AM

Bangladesh Finance signs deal with WeGrow Tech

Bangladesh Finance Ltd yesterday signed a collaboration agreement with WeGro Technologies Ltd, a Dhaka-based agri-tech startup, for the purpose of financial inclusion of marginal agricultural entrepreneurs.
23 August 2023, 18:00 PM

Creating business value thru cloud technologies

Many organisations worldwide have embarked on their digital transformation journey through cloud adoption. Leading organisations in Bangladesh are also transforming their businesses rapidly through cloud adoption and by building digital enterprises.
23 August 2023, 18:00 PM

Unscrupulous traders behind abnormal price hike

The prices of essential goods sometimes go up in Bangladesh due to unscrupulous traders, resulting in suffering for consumers, said Tapan Kanti Ghosh, senior secretary of the commerce ministry, yesterday.
23 August 2023, 18:00 PM

Khairuzzaman new finance secretary

Energy Secretary Md Khairuzzaman Mozumder has been appointed as the new finance secretary, the public administration ministry said in a notice yesterday.
23 August 2023, 18:00 PM

Idcol pays govt Tk 70cr dividend

The Infrastructure Development Company Ltd (Idcol) has paid a dividend of Tk 70 crore to the government exchequer from its net profit of the last financial year of 2022.
23 August 2023, 18:00 PM

New sugarcane prices perk up farmers

The government has refixed prices at which it would buy sugarcane from farmers, raising hopes that it would encourage an increase in the crop’s cultivation across the country. 
23 August 2023, 00:00 AM

10 listed NBFIs leave investors in dark

Seven months have passed since the world bid adieu to 2022, but almost half of the listed non-bank financial institutions (NBFIs) in Bangladesh have not published their financial statements for the year, breaching securities rules. 
23 August 2023, 00:00 AM