Dhaka Bank launches ‘eRin’ app

Dhaka Bank recently launched an “eRin” app through which a customer can apply for an unsecured personal loan of up to Tk 50,000 for disbursement within two hours on banking days. 
15 April 2023, 18:00 PM

Brac Bank fair promotes products of women entrepreneurs

Brac Bank organised a two-day fair titled “Tara Uddokta Mela 2023” in Dhaka to promote products of women entrepreneurs and create a market for their “Made-in-Bangladesh” products.
15 April 2023, 18:00 PM

Patuakhali potters make Tk 1cr Pahela Baishakh sale

A cluster of potters in Patuakhali’s Bauphal upazila, some 240 kilometres south of capital Dhaka, say they have made sales of around Tk 1 crore of earthen products, including some abroad, centring Pahela Baishakh. 
14 April 2023, 03:30 AM

Average loans by households nearly double in 6 years: BBS

An increasing number of families are becoming connected with the formal financial system by depositing and borrowing money, according to the Bangladesh Bureau of Statistics (BBS). 
14 April 2023, 03:00 AM

Unlike the past, electronics sales down this Eid

The sales of electronic home appliances usually pick up ahead of Eid-ul-Fitr as retailers introduce new models and offer discounts and consumers are awash with cash.  
14 April 2023, 02:30 AM

DBH gets nod to open Islamic financing wing

DBH Finance PLC, the country’s largest and specialised housing finance institution, has received the final approval from the Bangladesh Bank to open its Islamic financing wing.  
13 April 2023, 18:00 PM

Visa launches commercial card solution for businesses to pay suppliers

Digital payment service provider Visa recently launched a solution titled “Business Payment Solution Provider” (BPSP) in partnership with SSL Wireless and Southeast Bank. 
13 April 2023, 18:00 PM

Interest rate of EDF loans same for extended period

The central bank will charge the same interest rate for the extended period of loans made from the Export Development Fund (EDF) like it imposes during the initial repayment period.
13 April 2023, 18:00 PM

Is digital addiction as bad as drugs?

A cop caught an addict with drugs in a public toilet.
13 April 2023, 18:00 PM

Startup Fashol gets $1m investment

Fashol, an agri-tech startup, yesterday announced that it has raised $1 million in pre-seed funding as it looks to build the technology to optimise the supply chain and connect farmers to the market.
13 April 2023, 18:00 PM

Remove AIT, end harassment by taxmen

Businesses yesterday urged the government to bring an end to the harassment by revenue officials and remove advance income tax and advance tax against the imports of raw materials for domestic manufacturing in the next fiscal year.
13 April 2023, 18:00 PM

PM calls for enhancing Dhaka-Colombo cooperation

Prime Minister Sheikh Hasina yesterday said there was a lot of potential in enhancing bilateral cooperation between Bangladesh and Sri Lanka in the areas of investment, agriculture, fisheries, pharmaceuticals, maritime connectivity and higher education. 
13 April 2023, 05:00 AM

Narayanganj traders feel the heat of Bangabazar fire

Narayanganj-based clothing traders have also been affected by the recent fire in Bangabazar and are passing days in uncertainty as wholesalers and retailers in the popular market in Dhaka owe a significant amount of money to their suppliers.  
13 April 2023, 03:30 AM

High-end motorcycle sales slower this Eid

Sales of motorcycles, particularly high-end ones, ahead of Eid-ul-Fitr were impressive over the last one decade but this year is quite different as demand is low due to an increase in inflationary pressure, economic crisis and an increase in prices of the two-wheelers.
13 April 2023, 03:00 AM

Power, telecom suffer, banks gain amid dollar crisis

The business sector in Bangladesh has been going through severe challenges for the past four years, which, for many, have been the toughest period in decades, with the coronavirus pandemic being the dominant factor in the early part before the Russia-Ukraine war broke out.
13 April 2023, 02:30 AM

Household income, expenditure nearly triple in 12 years

Monthly average household income and expenditure in Bangladesh doubled in the last six years and nearly tripled in 12 years, official figures showed yesterday. 
13 April 2023, 02:00 AM

Investing in tech, education key to raising farm output

Investing in modern technologies and education is crucial to increasing productivity, sustainability and profitability for Bangladeshi’s farmers and achieving the goal of smart agriculture, speakers said yesterday.
12 April 2023, 18:00 PM

Per capita rice intake keeps falling: BBS

Average daily per capita rice consumption in Bangladesh maintained its declining trend in 2022, as it fell by 10 per cent to 328.9 grammes from 367.2 grammes in 2016 thanks to increased income that enable people to consume more non-rice items, according to data of the Bangladesh Bureau of Statistics (BBS). 
12 April 2023, 18:00 PM

1,003 BSCIC plots lying empty

The Bangladesh Small and Cottage Industries Corporation (BSCIC) is seeking applications from entrepreneurs to allot 1,003 plots lying vacant in various industrial estates across the country.
12 April 2023, 03:30 AM

Pahela Baishakh sales lose to Eid

With only a day remaining before the celebration of Pahela Baishakh, the first day of Bangla year, sales of clothing and sweetmeat have not picked up and businesses say they are unlikely to meet their targets this year.
12 April 2023, 03:00 AM