Taka keeps falling, forex reserves slip below $31b

The taka has lost its value further against the US dollar after the Bangladesh Bank sold the greenback at Tk 104.5 as the foreign exchange reserves keep falling.
3 May 2023, 02:30 AM

Economic pressure deepens as export, remittance dip

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 
3 May 2023, 02:00 AM

Bangladesh General Insurance gets new AMD

Bangladesh General Insurance Company has recently appointed a new additional managing director (AMD). 
2 May 2023, 18:00 PM

BBS to publish quarterly GDP data from next year

The Bangladesh Bureau of Statistics (BBS) is taking necessary preparations to publish quarterly reports on the country’s gross domestic product (GDP) from next year.
2 May 2023, 18:00 PM

Bangladesh’s exports to India can go up by 300%: envoy

Bangladesh’s exports to India may increase by 300 per cent in a year if the multimodal transport connectivity, including roads and highways, waterways, coastal shipping and railway, can be optimally utilised, said Pranay Kumar Verma, Indian high commissioner to Bangladesh, yesterday.  
2 May 2023, 18:00 PM

Sumit Podder joins Bangladesh Finance Capital as its MD

Sumit Podder has joined Bangladesh Finance Capital, a subsidiary of non-bank financial institution Bangladesh Finance, as managing director (MD) and chief executive officer.
2 May 2023, 18:00 PM

BSCIC Barishal project in the slow lane

A project of the Bangladesh Small and Cottage Industries Corporation (BSCIC) aimed at developing its industrial estate in Barishal and improving infrastructure there has again missed the deadline for completion owing to sluggish implementation, official documents showed.  
1 May 2023, 03:00 AM

Bogura’s foundry industry almost future-proof

The agriculture-based foundry and light engineering industry of Bogura is all set to face any challenge that may arise amid the fourth industrial revolution, according to market players.
1 May 2023, 02:30 AM

Demand for loans falls to 12-month low

Private sector credit growth in Bangladesh slipped to a 12-month low of 12.03 per cent in March, a development that may hurt GDP growth and job creation. 
1 May 2023, 02:00 AM

Air Astra joins Dhaka Travel Mart 2023 as title sponsor

Air Astra, the youngest private airline in Bangladesh, has been designated as title sponsor for the upcoming 18th International Tourism Fair, which is also known as Dhaka Travel Mart.
30 April 2023, 18:00 PM

Five key factors to consider before investing

Your savings need to be invested to grow your money. So, the main target is the rate of return. But sometimes, a higher return involves risks and you may even lose your money.
30 April 2023, 18:00 PM

Petroleum marketers’ profit rises on higher commission

State-run petroleum marketing companies posted higher earnings in the first three quarters of the current financial year (2022-23) thanks to the increased commission they get from the government for selling petroleum.
30 April 2023, 18:00 PM

Consider using renminbi as loan currency

The Export-Import (Exim) Bank of China has recommended that Bangladesh consider using renminbi (RMB) as a loan currency when receiving financing from the country in order to facilitate deeper bilateral cooperation and accelerate the implementation of digital connectivity projects.
30 April 2023, 18:00 PM

Edible oil refiners seek to hike prices

Edible oil refiners in Bangladesh yesterday sought to increase their prices by up to 9.62 per cent as the industry will no longer enjoy a reduced tax benefit following the completion of its one-year tenure.
30 April 2023, 18:00 PM

Banks raise dollar prices for remitters, exporters

Bankers yesterday decided to pay a total of Tk 110.70 to migrant workers and non-resident Bangladeshis for a US dollar from this week in order to encourage them to send foreign currency through formal channels, according to a meeting.
30 April 2023, 18:00 PM

Govt re-imposes fumigation of US cotton

The government has re-imposed the provision of fumigation of US cotton at ports, official documents showed, a move that may increase the lead time and cost of production for importers.
30 April 2023, 18:00 PM

Project for expanding artificial insemination of livestock delayed again

A project for expanding artificial reproduction and implementing embryo transfer technology in livestock farming has been delayed once again due to slow implementation.
30 April 2023, 04:30 AM

‘Compensation for workers’ deaths below per capita income’

The compensation for worker deaths due to factory accidents in Bangladesh is still lower than the per capita income of its nationals, according to the leader of a workers’ rights body.
30 April 2023, 04:00 AM

Eid tourism undaunted by higher costs, heatwave

Travellers were undeterred by the ongoing heatwave or higher accommodation and transport costs as tourist destinations across Bangladesh were bustling with activity during the recent holiday centring Eid-ul-Fitr.
30 April 2023, 03:30 AM

Foreign funds in stocks on the wane

Foreign investments in the Dhaka Stock Exchange have maintained a downward trend since 2018 despite the regulator’s efforts to retain existing investors and attract new ones.  
30 April 2023, 02:30 AM