Indo-Bangla dialogue between think-tanks begins today

A two-day dialogue between one think-tank from India and another from Bangladesh will begin in Delhi today in order to discuss a wide range of bilateral issues. 
21 June 2023, 18:00 PM

Rules relaxed for short-term loan repayment

The Bangladesh Bank yesterday relaxed loan repayment facility for businesses that took short-term demand loans from banks.
21 June 2023, 18:00 PM

Forex reserves rise past $30b

The country’s foreign exchange reserves yesterday rose past $30 billion as the inflow of remittances is now maintaining an upward trend ahead of Eid-ul-Azha. 
21 June 2023, 18:00 PM

Arrest warrant issued against ex-CCCI president

A court has issued arrest warrants against a former president of the Chittagong Chamber of Commerce and Industry (CCCI), Murshed Murad Ibrahim, and his mother, Gulshan Ara Begum, for allegedly embezzling Tk 30 crore from National Finance Limited. 
21 June 2023, 18:00 PM

Synthetic footwear exports on a roll

The shipment of synthetic footwear and sports shoes from Bangladesh grew 6.21 per cent year-on-year in July-May of the outgoing fiscal year thanks to shifting orders from China and the expanding capacity of manufacturers. 
21 June 2023, 02:00 AM

Tax break to stay till 2036 for private power producers

The National Board of Revenue (NBR) has extended a tax holiday by 12 years on the income privately-run power plants, except for coal-fired ones, that will start generation of electricity anytime before June 30 next year. 
20 June 2023, 18:00 PM

‘Extended duty benefit to keep medicine prices in check’

The proposed budget has provided relief to pharmaceuticals manufacturers and patients as it retained duty-free import benefits for over 100 raw materials used in making life saving cancer, heart disease and diabetes drugs. 
20 June 2023, 18:00 PM

LC margin eased for importers serving SMEs

Bangladesh Bank (BB) yesterday relaxed rules regarding financing availed by commercial importers to cater to cottage, micro, small and medium enterprises (SMEs), aiming to accelerate growth of industries and jobs. 
20 June 2023, 18:00 PM

BB brings back relaxed loan repayment facility

The Bangladesh Bank yesterday reintroduced its relaxed loan repayment facility to support borrowers struggling to pay back amid lingering crisis at home and abroad.
20 June 2023, 18:00 PM

Don’t increase sugar price now: CAB

The Consumers Association of Bangladesh (CAB) has urged the government not to increase sugar price at this moment.
20 June 2023, 18:00 PM

Agribusiness bears highest potential among emerging sectors

Agribusiness in Bangladesh, including food processing and associated machinery production, has the highest potential among eight emerging sectors, with domestic market sales estimated to reach $8 billion by 2025, according to Bangladesh Investment Development Authority (Bida). 
20 June 2023, 18:00 PM

Midland Bank launches digital loan

Midland Bank Limited yesterday launched MDB Digital Loan and MDB Contactless Cards on the day of its 10-year commercial operations in the banking sector of Bangladesh.
20 June 2023, 18:00 PM

Bill placed to define movable assets as collateral

The Secure Transactions of (Moveable Assets) Bill 2023 was placed in parliament yesterday aiming to bring movable property under the definition of collateral for bank loans.
20 June 2023, 18:00 PM

Simple policies for logistics demanded

The Logistics Infrastructure Development Working Committee (LIDWC) yesterday urged the government to simplify the existing policy framework for the logistics sector to achieve national growth target, strengthen capacity in trade and investment for reducing the cost of business
20 June 2023, 18:00 PM

EBL to arrange Tk 332cr loan for lithium battery project

Eastern Bank Limited (EBL) will arrange a syndicated term loan facility of Tk 332.6 crore for Bangladesh Lithium Battery Limited.
20 June 2023, 18:00 PM

Bangladesh can be the next outsourcing destination: PwC

Bangladesh has immense potential to become the next outsourcing destination riding on a higher proportion of the working age population and the government’s initiatives aimed at attracting investments, a new study said.  
20 June 2023, 18:00 PM

NBFIs now get new interest rate setting formula

The Bangladesh Bank yesterday introduced a new interest rate-setting method for non-bank financial institutions (NBFIs), a day after it took a similar move for banks. 
20 June 2023, 18:00 PM

National logistics committee demands simplified policies

It made the call in a meeting at the PMO
20 June 2023, 13:20 PM

Inflationary pains for common people to persist

Like in the outgoing financial year, the common people in Bangladesh will continue to suffer from higher consumer prices in 2023-24 as the factors behind the elevated level of inflation are unlikely to change dramatically.
20 June 2023, 02:00 AM

StanChart, UCEP training to empower 2,000 youths

UCEP Bangladesh in collaboration with Standard Chartered has launched an entrepreneurship development initiative with a view to empowering 2,000 vulnerable youths with employable skills and entrepreneurship training.
19 June 2023, 18:00 PM