The central bank is going to roll out the country’s own debit card by August to allow travellers to make payments at home as well as in India, said Bangladesh Bank Governor Abdur Rouf Talukder yesterday. 

Bangladesh has a huge skincare and colour cosmetics market that is ruled by fake products and illegally imported items, said an official.

A contractionary monetary policy statement (MPS) for the first half of the 2023-24 fiscal year will help to revive the financial and private sectors, said Barrister Md Sameer Sattar, president of the Dhaka Chamber of Commerce & Industry (DCCI).

Rangs Limited, a distributor of Japanese automaker Mitsubishi Motors in Bangladesh, has launched a brand-new “Xpander 2023” in the local market at a price of Tk 44.50 lakh ahead of Eid-ul-Azha.

Parveen Mahmud, the first female president of the Institute of Chartered Accountants of Bangladesh (ICAB), won the “Top 50 Women Global Awards Sri Lanka 2023” in the category of “Leadership in Finance and Accounting” for her remarkable achievements and dedication to the profession in and beyond the border.

Twitter plans to focus on video, creator and commerce partnerships to revitalise the social media company’s business beyond digital advertising, according to an investor presentation by owner Elon Musk and new Chief Executive Linda Yaccarino that was reviewed by Reuters.

The proposed national budget for the next fiscal year does not address the interests of electrical equipment makers, which goes against the government’s aim of establishing Bangladesh as an industry-intensive nation, said an official.

The government is likely to discard its plan to ask for wealth statements from the people who travel abroad, according to officials of the finance ministry. 

When legendary entrepreneur SK Akij Uddin borrowed from banks, he would consider himself a custodian of the money and would remain vigilant in ensuring timely repayment.

Emirates has appointed Jaber Mohamed as its area manager for Bangladesh, effective from August 1 this year.

Innovative strategies are needed to reach the budget’s aim of keeping inflation at 6 per cent and achieve the ambitious revenue collection target, according to economists.

Perhaps one of the most fundamental duties of a leader at a professional business enterprise is to help their people feel purposeful, motivated, and energised so that they can bring their best selves to work. Even if one is fortunate enough to truly attain a meaningful position of leadership in an organisation but can’t bring the best out of their colleagues, they would be deemed to be ineffective. Unfortunately, too many leaders lose focus on this aspect.

In 1998 when Electro Mart Ltd launched its Chinese-manufactured Konka colour television at almost half the prices of international brands, it took many by surprise.

The wooden furniture industry in Bangladesh has not flourished as market players are unable to export their products at competitive prices amid the high tariff on imported raw materials and subsequent dearth of quality components, speakers said at a discussion.

The Bangladesh Bank may today raise its key interest rates to tame inflationary pressure but the attempt might go in vain since the monetary authority may not withdraw the interest rate cap on loans in a true sense. 

It is the peak harvesting season for jackfruit in Bangladesh. As such, Brahmanbazar, a wholesale market in Kulaura upazila of Moulvibazar, is abuzz with the presence of farmers and traders looking to profit off the tropical fruit.

Eleven banks in Bangladesh faced a collective capital shortfall of Tk 33,575 crore in March, up 9.3 per cent from a quarter ago, in a reflection of their worsening financial health caused by persisting irregularities and lack of governance, central bank data showed.  

The proposed Income Tax Bill 2023 is investment and business friendly in many ways, according to the Institute of Chartered Accountants of Bangladesh (ICAB).

Banks have traded dollar at as high as Tk 109 among themselves, reflecting persistent shortage of foreign currency in the market.

Abul Khair Steel, a concern of Abul Khair Group, recently organised a factory visit for engineering students of different universities to foster collaboration between academia and industry and provide practical understanding of steel manufacturing processes.