bKash launches offer to watch live matches of Messi’s Argentina

Mobile financial service provider bKash has launched a campaign under which 21 Bangladeshi football fans will get the chance to fly to Argentina and watch live matches of Lionel Messi and his team by making payment through bKash.
10 June 2023, 18:00 PM

ROSA-2nd KBL Expo 2023 ends in Dhaka

A “ROSA-2nd KBL Expo 2023”, also known as ROSA Kitchen, Bath & Living Expo 2023, ended at the International Convention City Bashundhara in Dhaka yesterday.
10 June 2023, 18:00 PM

MFS usage restricted to basics at marginal level

Major use cases of mobile financial services (MFS) are still confined to receiving, sending and withdrawing money at marginal levels, where the gender divide is palpable, according to three studies.
9 June 2023, 10:00 AM

Who needs to file statement on living expenses?

The proposed income tax law has sought to make it mandatory for taxpayers in specific cases to add the statement of their living expenses with their tax returns.
9 June 2023, 04:00 AM

Clonal seedlings a new hope for the tea industry

Clonal tea seedlings, which are cloned from hybrid varieties of the plant, are helping develop the tea industry of Bangladesh by providing high yields of top-quality tea, according to growers.
9 June 2023, 02:30 AM

Incentivising internal migration can better calorie intake

A research experiment on providing temporary migration loans in Bangladesh saw a 22 percentage point rise in such movements from the rate of households already prone to adopting this mode of income. 
9 June 2023, 02:00 AM

Moody’s rating downgrade to impact foreign investment

Corporate and foreign investors may further lose interest in the stock market of Bangladesh as the country has dropped a notch in the Moody’s Investors Service rating system.
9 June 2023, 01:40 AM

Imports keep falling amid lingering dollar crisis

Bangladesh’s imports dropped 14.40 per cent year-on-year to $58.78 billion in July-April of the ongoing financial year, which might be seen as a relief for the volatile foreign exchange regime but it could also deal a blow to the economy, official figures showed yesterday. 
9 June 2023, 01:30 AM

Cold storages struggling to preserve potatoes for power cuts

Around 400 cold storages across Bangladesh are struggling to preserve and maintain the quality of vast quantities of potatoes for power cuts over the past two weeks.   
9 June 2023, 01:20 AM

Family’s grip to loosen, willful defaulters to face music

A maximum of three persons from a single family would be able to become directors of a commercial bank from the existing four, according to the Bank Company (Amendment) Bill 2023. 
9 June 2023, 01:10 AM

Munshi seeks support from the Commonwealth for duty extension

Commerce Minister Tipu Munshi has sought support from his counterparts in the Commonwealth nations as the government looks to extend the preferential trade benefit for Bangladesh for six more years after the country’s graduation to a developing country.
8 June 2023, 18:00 PM

Nordic countries see potential in agro industries

Bangladesh can achieve food security, eradicate poverty, foster social equality and promote economic growth through responsible investment in agriculture and food systems, according to Agriculture Minister Muhammad Abdur Razzaque.
8 June 2023, 18:00 PM

Shepherd Textile to merge with Shepherd Industries

Shepherd Textile (BD) Limited is going to merge with Shepherd Industries PLC with a view to cutting administrative expenses.   
8 June 2023, 18:00 PM

Driving tax revenue using technology

My son has his own studio and content creation platform where many influencers record their programmes. Last week, a very successful entrepreneur was interviewed. He explained that during the pandemic, he created an online marketplace that became highly successful.
8 June 2023, 18:00 PM

Who needs to file wealth statement?

The National Board of Revenue (NBR) is expected to place a new income tax bill in parliament today in an effort to modernise the direct tax system.
8 June 2023, 02:10 AM

ADN buying 10pc of Shohoj Ltd

ADN Telecom Limited is acquiring a 10 per cent share of online ticketing platform Shohoj Limited.
8 June 2023, 02:00 AM

Higher growth not possible without healthy forex reserve

No significant economic growth is possible in Bangladesh without a satisfactory level of foreign exchange reserves, said Syed Ershad Ahmed, president the American Chamber of Commerce in Bangladesh (AmCham), yesterday.  
8 June 2023, 01:50 AM

Leather and footwear export fall

The exports of leather footwear from Bangladesh declined 4.28 per cent year-on-year in July-May of the ongoing financial year owing to lower orders from Europe, the main market, official figures showed. 
8 June 2023, 01:40 AM

Private sector’s foreign loan repayment to drop 42% in 2023

The Bangladesh Bank has projected that loan repayments against mid- and long-term foreign credits secured by the private sector might fall by 42.6 per cent in 2023, but the development might not bring about major relief for an economy reeling under the forex crisis.
8 June 2023, 01:30 AM

Bangladesh’s revenue-GDP ratio way lower than peers

Bangladesh’s revenue-GDP ratio is a third of the median seen in the countries that have the same credit rating, highlighting the country’s weak capacity to finance development and support growth, according to American credit ratings agency Fitch Ratings.   
8 June 2023, 01:20 AM