Syndicates behind price hike of onion

Although Bangladesh has a sufficient amount of onion in reserve, prices of the bulb have suddenly increased due to the formation of syndicates among related businesses, according to Agriculture Minister Muhammad Abdur Razzaque.
23 May 2023, 18:00 PM

Mutual cooperation to attract more US investment

Mutual cooperation between Bangladesh and the US may attract more investment in diversified segments and contribute to the former’s transition to a developing nation, said AmCham President Syed Ershad Ahmed at a discussion. 
23 May 2023, 18:00 PM

Japanese realtor to invest $20m

Japanese real estate and construction company JP Building opened its new Bangladesh chapter “JP Build BD Co”, through which the realtor plans to invest $20 million or Tk 216 crore in the local market in the next three years.
23 May 2023, 18:00 PM

VAT on sweets may be cut

The National Board of Revenue (NBR) could cut value-added tax (VAT) on sweets by half to 7.5 per cent, according to officials of the finance ministry.
23 May 2023, 18:00 PM

MCCI for taka-rupee trade with India

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday proposed introducing a currency swap facility enabling use of both the Bangladeshi taka and the Indian rupee to increase bilateral trade. 
23 May 2023, 18:00 PM

eGeneration to set up data centre at Idra for Tk 15cr

eGeneration Limited has signed a contract with the Insurance Development and Regulatory Authority (Idra) to set up a data centre at its office.
23 May 2023, 18:00 PM

Progressive tax a remedy for inequality

Progressive taxation on high-income people can work well to reduce the income inequality that has been deepening in Bangladesh for years, analysts said yesterday. 
23 May 2023, 18:00 PM

Singer launches Primax Series 4K LED TV

Singer Bangladesh has launched Primax, a top-of-the-line 4K LED TV series, loaded with premium technologies. 
23 May 2023, 18:00 PM

The cost of not getting gas

Delta Agro Food Industries, a joint venture of Seacom Group and Samuda Group, has set up a factory in Narayanganj at an investment of more than Tk 1,200 crore one and a half years ago. 
23 May 2023, 03:00 AM

USTR inquires about labour situation

Visiting officials of the United States Trade Representative (USTR) yesterday sought the views of union leaders from different economic sectors on the labour situation in Bangladesh across six major areas.
23 May 2023, 02:30 AM

Assess gravity of current problems first

The government is yet to take any comprehensive corrective measures to tackle macroeconomic challenges as it has not properly assessed the gravity of the situation in the current fiscal year, an economist said.  
23 May 2023, 02:00 AM

Tanveer Food gets $35m IFC fund

The International Finance Corporation (IFC) is providing up to $35 million fund to Tanveer Food Limited (TFL), a concern of the Meghna Group of Industries (MGI), to help establish a state-of-the-art automated rice mill in the Bogura region.
22 May 2023, 18:00 PM

44 industrialists recognised as CIP

The government yesterday recognised 44 industrialists as commercially important person for their contribution to the economy for 2021.
22 May 2023, 18:00 PM

Jashim new president of Saarc chamber

Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), is going to be the new president of the Saarc Chamber of Commerce and Industry (SCCI), the apex trade body of the south Asian region.
22 May 2023, 18:00 PM

Private firms to get 90% revenue from govt’s broadband infrastructure

The government spent a whopping Tk 1,200 crore to lay optical fibre across 2,600 unions of Bangladesh under phase-3 of the Info Sarkar project, which aims to provide high-speed internet at the union level.
22 May 2023, 18:00 PM

Delta Life, Ha-Meem sign deal on insurance coverage

Delta Life Insurance Company Ltd recently signed an agreement with Ha-Meem Group and its subsidiaries Channel-24 Ltd and the daily Samakal on insurance facilities.
22 May 2023, 18:00 PM

Prime Bank joins hands with Dream Square Resort

Prime Bank has recently signed a strategic partnership agreement with Gazipur-based Dream Square Resort.
22 May 2023, 18:00 PM

Ensure fire safety of business centres

The central bank has asked banks to take precautionary measures to ensure the fire safety of their business centres.    
22 May 2023, 18:00 PM

Govt to recognise tea industry entities, individual

The government, for the first time, will recognise one individual and seven organisations for their contribution to Bangladesh’s tea industry, said the commerce ministry yesterday. 
22 May 2023, 18:00 PM

Tk 2,000 minimum tax

Taxpayers who have to file returns to avail 38 types of services are likely to be required to pay a minimum tax from next fiscal year, said the finance ministry officials yesterday. 
22 May 2023, 18:00 PM