Rules eased for banks’ import payment

The Bangladesh Bank yesterday eased rules for banks for the settlement of import payments for capital machinery, industrial raw materials and payments for the government imports through funds taken from their offshore banking units (OBS).
9 April 2023, 18:00 PM

Brac Bank launches new financial product

Brac Bank has introduced a financial product called “Tally Loan – Druti” to promote greater financial inclusion in Bangladesh.
9 April 2023, 18:00 PM

Ceiling of loans from export dev fund reset

The central bank has reset the ceiling of the US dollar loans from its Export Development Fund (EDF) to manufacturers and exporters for input purchases,
9 April 2023, 18:00 PM

Ethics, PR and beyond

Recently, there has been too much discussion about ethics. At the same time, we get to see individuals getting into too much public relations (PR) too.
9 April 2023, 04:30 AM

More farmers joining in synchronised cultivation of rice

For the first time in his 30 years of farming, Samaresh Mondal is growing dry-season rice, locally named Boro, along with 50 of his peers in a synchronised manner in their locality of Satibunia under Botiaghata upazila of Khulna.
9 April 2023, 04:00 AM

Bangabazar traders seek loan deferment

Traders of Bangabazar Complex, who were running their business on loans, have urged the government to ensure that they do not have to pay instalments for a specified period as they are recovering from a recent fire at the apparel market in Dhaka’s Gulistan.
9 April 2023, 03:30 AM

Challenges that could persist in the coming days

External pressure is expected to remain elevated, high inflation is likely to weigh on aggregate demand, consumer spending growth could slow, and protracted global and domestic uncertainties are expected to put pressure on investment growth in Bangladesh in the coming days.
9 April 2023, 03:00 AM

North to see its largest private hospital

A 1,000-bed private hospital will be set up in the northern district of Panchagarh at an estimated cost of Tk 2,500 crore from “local and foreign investors” who seek to meet healthcare needs of locals and neighbouring countries’ citizens. 
9 April 2023, 02:30 AM

War hit private sector harder than pandemic

Companies in Bangladesh have been hit harder by the global turmoil induced by the Russian-Ukraine war than the crisis inflicted by the coronavirus pandemic
9 April 2023, 02:00 AM

Airbus deliveries fell to 127 jets in Q1

Airbus deliveries fell by 11 per cent on an industrial basis to 127 jets in the first quarter, underscoring the pressure on global supply chains and paving the way for a 12-week sprint to steady the trajectory by mid-year, industry sources said.
8 April 2023, 18:00 PM

Floating interest rates a must for economic stability

The government should get rid of its mentality of fixing rates for any sector, as the bank interest and forex exchange rates should be floating and there should not be any floor price in the stock market, economists said yesterday.
8 April 2023, 18:00 PM

Nagad to donate Eid campaign earnings

Nagad, a mobile financial service (MFS) provider in Bangladesh, has announced that all earnings from its ongoing mega campaign for Eid-ul-Fitr will go towards helping businesses at Bangabazar Complex bounce back from the losses suffered due to a recent fire at the apparel market in Dhaka’s Gulistan.
8 April 2023, 18:00 PM

Dredging lets first 10.2m draught vessel anchor at Payra port

For the first time since opening around a decade ago, Payra Sea Port has been able to accommodate a vessel having a draught of 10.2 metres owing to the dredging of a channel connecting it to the sea. 
8 April 2023, 18:00 PM

Two panels formed to start Cepa talks with India

The commerce ministry has formed two separate committees to start negotiations with India over signing a proposed Comprehensive Economic Partnership Agreement (Cepa) to boost bilateral trade and investment in the post-LDC period. 
7 April 2023, 04:00 AM

Private wheat imports slump 45%

Wheat imports by the private sector have continued to remain low in Bangladesh than the last fiscal year as businesses are facing persisting difficulties in opening letters of credits owing to the dollar shortage at banks. 
7 April 2023, 03:30 AM

Roads ending golden days of boat trade

Anyone in their forties with experience of visiting the countryside might recall the ways they travelled from one place to another.
7 April 2023, 03:00 AM

Advance bookings for Eid vacationers going slow

Advance bookings for flights and lodging for the upcoming Eid holiday are going slower compared to last year due to the ongoing inflationary pressure resulting from an economic crisis, according to industry insiders.
7 April 2023, 02:30 AM

Labaid to invest Tk 1,000cr for 2nd cancer hospital

Labaid is going to invest Tk 1,000 crore to build its second cancer hospital in order to meet the growing demand from patients suffering from the deadly disease and support healthcare research, according to a top official. 
7 April 2023, 02:00 AM

Ramadan: it’s party time!

Ramadan is increasingly becoming a month of feasting and festivities instead of charity, where profiteering in business, fun, and frolic are the mantra
6 April 2023, 18:00 PM

Mahtab joins Bangladesh Finance as director

Non-banking financial institution Bangladesh Finance yesterday appointed a new director in its board of directors. 
6 April 2023, 18:00 PM