Ginger prices surge amid dollar shortage, reduced supply

Ginger prices have surged in Bangladesh as imports of the spice have become costlier amid the ongoing US dollar shortage and a recent global supply crunch resulting from lower production.
14 May 2023, 03:30 AM

BB’s dollar sales this FY go past $12b

The US dollar sold by the central bank has surpassed the $12-billion mark in the ongoing fiscal year as it has had to pump the American greenbacks into the market in order to clear import bills. 
14 May 2023, 03:00 AM

Coworking spaces helping small firms save big

When Mohammad Oli Ahad founded Intelligent Machines back in 2018, finding a coworking space called Moar was a big relief as it helped save on numerous office expenses.
14 May 2023, 02:30 AM

Argentina inflation exceeds 108%

Inflation in Argentina reached 108.8 percent in the 12 months to April, a more than three decade high, the Indec national statistics institute said Friday.
13 May 2023, 18:00 PM

Toshiba posts 35% decline in full-year net profit

Japanese conglomerate Toshiba on Friday said full-year net profit fell by more than a third due partly to weak sales in electronic devices and other one-off factors.
13 May 2023, 18:00 PM

IBA’s Team Khichuri becomes HSBC-IBA’s Business Case Competition-2023 champion

Team Khichuri from the Institute of Business Administration (IBA) of the University of Dhaka has become champion of the “Business Case Competition-2023”.
13 May 2023, 18:00 PM

Walton to supply ice-cream freezers to Lovello

Walton recently signed an agreement with leading ice-cream brand Lovello to supply its domestically produced international standard ice-cream freezers.
13 May 2023, 18:00 PM

Air Astra to fly on Dhaka-Saidpur route from today

Air Astra, the youngest commercial airline in Bangladesh, will start operating flights on the Dhaka-Saidpur-Dhaka route from today.
13 May 2023, 18:00 PM

‘Reduction of effective tax rate is key’

Over the last few years, the National Board of Revenue has carried out some commendable reforms. One of them is the mandatory requirement of tax return submission to avail around 40 services. 
13 May 2023, 18:00 PM

IsDB to provide €270m for housing project

The Islamic Development Bank (IsDB) is set to provide 270 million euros to Bangladesh for the rural and peri-urban housing project. 
13 May 2023, 18:00 PM

Bangladesh 2nd in South Asia in bad loan ratio

Bangladesh’s banking sector has the second-highest ratio of non-performing loans (NPL) among the countries in South Asia as lenders continue to face multiple challenges emanating from scams, a lack of corporate governance and borrowers’ growing reluctance to make instalments regularly.  
13 May 2023, 18:00 PM

Ctg port braces for Cyclone Mocha

All 20 vessels that had anchored at the jetties of the Chattogram port were shifted to the outer anchorage by the morning yesterday as a precautionary measure to keep the jetties secure as Cyclone Mocha approached.   
13 May 2023, 18:00 PM

Designer pearls hold bright prospects

Ruhul Amin, who studies textile engineering at the Bangladesh Polytechnic Institute, has successfully used the image implanting method to produce high-quality designer pears at his pond in Chhoto Palsa village under Mohonpur upazila of Rajshahi.
12 May 2023, 02:30 AM

Domestic airlines doubt fast recovery

Domestic air travel had rebounded last year and the number of passengers reached close to that of 2019 as business and economic activities were revived following the pandemic-induced economic slowdown.  
12 May 2023, 02:00 AM

GDP growth slows to 6.03% in FY23

The economy is estimated to have expanded at a slower-than-expected pace in 2022-23, said the Bangladesh Bureau of Statistics (BBS) yesterday, a figure that analysts describe as good in view of elevated inflation, slowing exports and remittances and the ongoing pressure on the country’s foreign exchange reserves.
11 May 2023, 18:00 PM

BGMEA seeks extension of EU GSP

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday again urged the European Union (EU) to extend the transition period of the Generalised System of Preference (GSP) from the current three years to six years.
11 May 2023, 18:00 PM

CBIL teams up with SBK Tech Ventures

Community Bank Investment Limited (CBIL), a subsidiary of Community Bank Bangladesh, recently signed an agreement with SBK Tech Ventures Limited.
11 May 2023, 18:00 PM

Businesses demand tighter security on Dhaka-Ctg highway

Garment exporters, transport owners, garment buying house and freight forwarding agencies yesterday urged the law enforcement agencies to tighten vigilance on the Dhaka-Chattogram highways to prevent theft of export-oriented goods from the covered vans and trucks.
11 May 2023, 18:00 PM

Three-day fair for infrastructure industry kicks off in Dhaka

A three-day exhibition for domestic and international companies to showcase products related to building safe and sustainable infrastructure began at the International Convention City Bashundhara in Dhaka yesterday.
11 May 2023, 18:00 PM

BATB to invest Tk 60cr

British American Tobacco Bangladesh (BATB) is going to make an investment of Tk 60.70 crore to purchase equipment and a centralised uninterrupted power supply device. 
11 May 2023, 18:00 PM