Use of LC offers better defense against money laundering

Extensive use of letter of credit and document collection at home offer relatively a better protection than open accounts and cash in advance when it comes to cutting the risk of trade-based money laundering, according to a research paper.
7 June 2023, 18:00 PM

Herlan Store opens in Banasree

Cosmetics brand Herlan launched a “Herlan Store” at Banasree in Dhaka yesterday. 
7 June 2023, 18:00 PM

Energy efficiency investments need to triple: IEA

Investments in improving energy efficiency must triple this decade if the world is to keep the goal of limiting global warming to 1.5 degrees Celsius (2.7 Fahrenheit) within reach, the IEA said Wednesday.
7 June 2023, 18:00 PM

Gold price rises by Tk 1,749 a bhori

The jewellers have increased pure gold prices by Tk 1,749 a bhori for the local market with effect from tomorrow because of a rise in pure gold prices.
7 June 2023, 18:00 PM

$858m World Bank loan for climate resilient agri growth, road safety

Bangladesh and the World Bank yesterday signed two financing agreements totaling $858 million to enhance climate-resilient agricultural growth, food security and improve road safety.
7 June 2023, 18:00 PM

Interest rate cap withdrawal to affect investment: FBCCI

If the bank interest rate cap is withdrawn and left to be decided by the open market, inflow of investment will be affected, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) yesterday. 
7 June 2023, 18:00 PM

Litchi from local orchard going global

This year, a litchi orchard in Biral upazila of Dinajpur has started shipping the tropical fruit to France, indicating the growing volume of agricultural exports from Bangladesh.
7 June 2023, 18:00 PM

Proposed budget not election-oriented

The government’s plan regarding revenue collection in fiscal year of 2023-24 was decided from a bureaucratic standpoint as it will increase pressure on lower-income groups, according to analysts. 
7 June 2023, 18:00 PM

Gap between inflation, wage growth hits 9-month high

The gap between inflation and the wage rate growth in Bangladesh rose to a nine-month high in May, deepening the cost-of-living crisis for the poor and the low-income groups as consumer prices continue to outpace real incomes.  
7 June 2023, 05:50 AM

Some challenges ahead for garment sector: BB

The garment sector may face some challenges in the days ahead due to persistent global trade tensions and economic slowdowns in export destinations, according to Bangladesh Bank.
7 June 2023, 02:10 AM

Lay’s starts producing potato chips in Bangladesh

Lay’s, one of the world’s most-loved potato chip brands from PepsiCo, has officially started producing its chips in Bangladesh.
7 June 2023, 02:00 AM

Bangladesh pays first foreign bill in taka

Bangladesh has made the first payment for a mostly foreign loan-funded project in the taka, ushering in another mode of better preserving foreign currency reserves.
7 June 2023, 01:50 AM

Observers appointed at 4 life insurers

The Insurance Development and Regulatory Authority (Idra) has appointed four of its officials as observers at four life insurance companies for their failure to protect the interests of policyholders.
7 June 2023, 01:30 AM

Apple unveils Vision Pro

Apple on Monday unveiled its first mixed reality headset, challenging Facebook-owner Meta in a market that has yet to tempt users beyond videogamers and tech geeks.
6 June 2023, 18:00 PM

Ispahani tea gardens win national award

Zareen Tea Garden and Neptune Tea Garden, the gardens owned by Ispahani Group, have won the National Tea Awards for their significant contributions to the tea industry in Bangladesh.
6 June 2023, 18:00 PM

Mastercard launches ‘Free Hit to Cricket World Cup’ campaign

Mastercard yesterday launched a campaign styled “Free Hit to Cricket World Cup” to provide cardholders with an opportunity to witness the 2023 Cricket World Cup. 
6 June 2023, 18:00 PM

HSBC, KGDCL in deal over bill collection

The Hongkong and Shanghai Banking Corporation Limited and Karnaphuli Gas Distribution Company Limited (KGDCL) in Chattogram, Bangladesh have recently signed an agreement over bill collection solutions for the latter’s consumers. 
6 June 2023, 18:00 PM

Euro zone consumers hopeful on inflation

Euro zone consumers lowered their inflation expectations, a fresh European Central Bank survey showed on Tuesday, a relief for policymakers after an unexpected surge a month earlier, even if underlying price growth is still likely to be stubborn.
6 June 2023, 18:00 PM

Smart Bangladesh Summit and Expo from Friday

A two-day “Smart Bangladesh Summit and Expo” will begin at the International Convention City Bashundhara on Friday to showcase the latest technology and share knowledge about current digital advancements.
6 June 2023, 18:00 PM

Black Sea grain deal could hinge on ammonia pipeline

A possible extension next month of a deal allowing the safe wartime export of grains and fertilisers from three Ukrainian Black Sea ports could hinge on the reopening of a pipeline that delivers Russian ammonia to one of those Ukrainian ports.
6 June 2023, 18:00 PM