FBCCI election now a formality

The biennial election of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) scheduled for July 31 is going to be an exercise to maintain a formality since a majority of the directors have already been nominated and elected unopposed. 
27 July 2023, 18:00 PM

Exports to China fall despite duty benefit

Bangladesh’s export to China fell to its three-year low of $677 million in the last fiscal year as entrepreneurs could not take advantage of the duty benefits extended by Beijing. 
27 July 2023, 01:00 AM

Lotkon farmers enjoying fair yields, prices

Lotkon farmers in Bangladesh are enjoying good yields and prices for the fruit this year thanks to its vast popularity at home and abroad, according to market players.
27 July 2023, 00:00 AM

Mayfair Stylewear signs deal with Japanese firm

Mayfair Stylewear, a jute trading company of Bangladesh, and M2 Company Ltd, a Japanese export-import company, recently signed an agreement on promoting traditional jute goods and diversified jute products of Bangladesh in the Japanese market.
26 July 2023, 18:00 PM

Cabinet okays Tk 17,706cr purchase proposals

Thirteen proposals involving Tk 17,706.43 crore were approved yesterday by the cabinet committee on public purchase.
26 July 2023, 18:00 PM

Crowne Plaza hotel gets new general manager

Crowne Plaza Dhaka Gulshan, an IHG business hotel, appointed Alexandre Glauser as its new general manager.
26 July 2023, 18:00 PM

More women entrepreneurs to be benefitted

The central bank has instructed banks and financial institutions to extend the 1 per cent interest rate incentive to women entrepreneurs if their cash credits and overdrafts are renewed within the tenure.
26 July 2023, 18:00 PM

Heidelberg recovering from losses

Heidelberg Cement Bangladesh Ltd has continued to recover from losses as it registered profit for the second quarter in a row thanks to a reduction in the cost of sales.
26 July 2023, 18:00 PM

ChatGPT’s android version available in Bangladesh

OpenAI has launched the android version of its popular artificial intelligence chatbot ChatGPT.
26 July 2023, 18:00 PM

Social Business Day events begin in Malaysia today

The 13th Social Business Day, an annual global gathering, will begin in Langkawi of Malaysia today in order to celebrate and share the experiences of social business leaders and entrepreneurs spearheading a path to a sustainable and just future.
26 July 2023, 18:00 PM

Govt bans sale of loose soybean oil from Aug 1

The government will disallow sales of loose soybean oil from August 1 to ensure sufficient quantity and stop adulteration of the key cooking ingredient in the domestic market, according to an official of the Directorate of National Consumers Right Protection (DNCRP).
26 July 2023, 18:00 PM

SpaceX wants to launch satellite internet service in Bangladesh

SpaceX has expressed its intention to launch a satellite internet service called Starlink in Bangladesh as officials of the US-based company founded by Elon Musk yesterday met with two government entities to this end.
26 July 2023, 18:00 PM

Rising headgear, cap export gives diversification a leg-up

Bangladesh bagged $447.43 million by exporting headgear products such as hats and caps in the last financial year, a positive development for a country that relies heavily on a handful of products to earn foreign currencies.
26 July 2023, 01:10 AM

Local handset making plunges

The grim scenario of the mobile manufacturing industry in Bangladesh continues to persist as local production plunged by half in the first six months of 2023, primarily due to the expanding grey market. 
26 July 2023, 01:00 AM

Industrial production growth almost halves

Production growth in Bangladesh slowed significantly in the July-March period of 2022-23 due to the global economic slowdown and gas and electricity shortages at home, according to the Bangladesh Bureau of Statistics (BBS).
26 July 2023, 00:10 AM

Banks raising interest rates

Banks in Bangladesh are raising the interest rate on deposits gradually in order to lure depositors and improve their liquidity situation amid a lack of appetite among savers because of the stubbornly high inflation. 
26 July 2023, 00:00 AM

Finalising study for EPA with Japan underway

Bangladesh and Japan yesterday outlined areas of focus for a joint study that would act as a principal guideline for signing an economic partnership agreement (EPA) to increase bilateral trade and investment between the two countries.
26 July 2023, 00:00 AM

AB Bank’s profit surges over 34%

AB Bank Ltd posted a 34.75 per cent year-on-year growth in profit in the April-June quarter of 2023.
25 July 2023, 18:00 PM

Burimari land port misses revenue target again

The revenue collection target set for the Burimari land port by the National Board of Revenue has remained unmet for the last couple of years.
25 July 2023, 18:00 PM

Asia Insurance reelects chairman

Asia Insurance Ltd has reelected its chairman Yussuf Abdullah Harun at a meeting of its board of directors on Monday. 
25 July 2023, 18:00 PM