Crab exports recovering from pandemic loss

Crab exports, which lost momentum after the outbreak of Covid-19, have rebounded in terms of quantity, giving a new lease on life to growers in coastal districts who rear the sea creature to sell to exporters.
17 August 2023, 18:00 PM

Berger to honour talented interior designers

The most talented professional and amateur interior designers will be recognised by Berger Paints Bangladesh Ltd, which announced the launch of the “Berger Awards for Interior Design 2023” at Gulshan Club in Dhaka yesterday.
17 August 2023, 18:00 PM

Workshop held on MFS abuse

Sylhet Range Police in collaboration with bKash recently organised a daylong workshop to raise awareness on how to prevent the abuse of mobile financial services (MFS) in criminal activities.
17 August 2023, 18:00 PM

Christmas apparel shipment to be dull

Local garment exporters do not expect any substantial increase in shipments to the Western world centring upcoming Christmas sales because of high inflation and for old stocks remaining unsold in retail stores in the American and European markets, exporters said. 
17 August 2023, 00:00 AM

BB asks banks to regain people’s trust

People are increasingly opting for keeping cash, which is a major concern in this era of digital banking as it indicates a lack of trust in banks, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday. 
17 August 2023, 00:00 AM

Idra issues guidelines for insurtech

The insurance regulator of Bangladesh has finalised a framework enabling tech startups to innovate insurance policies, their distribution and other related tasks.
16 August 2023, 18:00 PM

On the verge of digital banking revolution

Digital banks operate exclusively online without traditional physical branch networks. Traditional brick-and-mortar banks have high operational costs,
16 August 2023, 18:00 PM

Onion prices rising again

The wholesale price of onion is again increasing in Bangladesh as farmers are quickly running out of stock due to an inadequate supply of the local variety, according to traders and growers.
16 August 2023, 18:00 PM
16 August 2023, 18:00 PM

TCB to buy 80 lakh litres of soybean oil

The Trading Corporation of Bangladesh is going to buy 80 lakh litres of soybean oil in 2023-24 fiscal year.
16 August 2023, 11:06 AM

Apartment sales down 17pc in FY23

Overall sales of flats declined nearly 17 per cent in the last fiscal year of 2022-23 owing to economic uncertainties and a rise in prices of raw materials, according to realtors. 
16 August 2023, 04:00 AM

Microfinance sector’s NPL nearly doubles

Microfinance institutions (MFIs) in Bangladesh witnessed an 85 percent year-on-year jump in non-performing loans in 2021-22 as borrowers struggled to pay back owing to the impacts of the coronavirus pandemic and the economic slowdown, official figures showed.  
16 August 2023, 00:00 AM

Banking sector’s ills: Now what as BB hits the nail on the head?

For the first time, the central bank has published full-fledged data on stressed assets of banks, laying bare the sector’s deep ills that have been a subject in the public discourse for long as irregularities and scams often make headlines.
16 August 2023, 00:00 AM

Economy growing but trade-GDP ratio falling gradually

Bangladesh’s exports and imports as percentage of its gross domestic product (GDP) has been falling gradually, although the economy has continued growing by 6.5 percent annually in the last one decade.
15 August 2023, 18:00 PM

UCB, NEC Money Transfer sign remittance deal

United Commercial Bank (UCB) signed an agreement with NEC Money Transfer Ltd on remittance services.
15 August 2023, 18:00 PM

Local banks’ overseas branches post higher profit

The net profit of seven overseas branches run by three Bangladeshi banks climbed more than 23 percent year-on-year to $5.30 million last year, central bank data showed.
15 August 2023, 18:00 PM

Businesses for deferred implementation

Businesses have sought more time for the rationalisation of Bangladesh’s maiden tariff policy, reasoning that many industries still need more state protection to be ready to compete with their international peers. 
15 August 2023, 18:00 PM

Simplify policies to diversify exports: experts

A number of policies and regulations need to be simplified for meeting the export diversification targets in national plans and export roadmaps, experts said. 
15 August 2023, 18:00 PM

Agent banking branching out even further

Agent banking, which helps bring banking services to unbanked people, continues to gain ground in Bangladesh as the number of accounts, deposit collection and loan disbursement are on the rise.
15 August 2023, 00:00 AM

Number of weak NBFIs on the rise

Fourteen non-bank financial institutions (NBFIs) out of a total of 35 were in the red zone last year as per the stress test report of the central bank. 
15 August 2023, 00:00 AM