E-payment made mandatory for taxes

The National Board of Revenue (NBR) has made electronic payment mandatory for all types of taxes in order to ensure real-time receipt and improve government’s overall cash flow.
30 March 2023, 18:00 PM

Private credit growth slows further

Private sector credit growth in Bangladesh slowed further in February owing largely to a tight liquidity situation in the banking sector amid falling deposits growth, the decline in demand for imports, and the rise in the cost of funds.  
30 March 2023, 18:00 PM

UCB’s Tk 50cr open-ended mutual fund gets go-ahead

The Bangladesh Securities and Exchange Commission has approved an open-ended mutual fund named UCB Income Plus Fund worth Tk 50 crore.
30 March 2023, 18:00 PM

PM calls for strengthening economic ties with Vietnam

Prime Minister Sheikh Hasina yesterday emphasised on enhancing economic cooperation between Bangladesh and Vietnam for the mutual benefit of the two countries. 
30 March 2023, 18:00 PM

ADB working on the fund for Bangladesh

Asian Development Bank (ADB) is working to provide around $2 billion in budgetary support to Bangladesh this fiscal year in a co-funding initiative it plans to lead, a move that would to some extent relieve the existing pressure on the foreign exchange reserve. 
30 March 2023, 18:00 PM

Govt to revise contract for capital dredging of Rabnabad channel

The government has decided to revise its contract with Jan De Nul, which was appointed for capital dredging of Payra Port’s Rabnabad channel, as the Belgian company has completed the work ahead of schedule.
30 March 2023, 18:00 PM

Two firms to provide internet in 2,600 unions

The government has awarded Summit Communications and Fiber@Home the task of providing high-speed internet connections in 2,600 unions across Bangladesh.
30 March 2023, 18:00 PM

Maize farming leading char farmers to financial stability

About two decades ago, farmers in remote char areas of northern Bangladesh were quite impoverished due to the consequences of repeated flooding and other natural disasters.
30 March 2023, 03:00 AM

Business process outsourcing industry growing steadily

Bangladesh’s business process outsourcing industry is growing steadily, creating jobs and bringing in foreign currencies, but the growth has failed to live up to expectations due to a lack of human resources and language skills among graduates. 
30 March 2023, 02:00 AM

Monzur becomes MD of Jalalabad Gas Transmission

Monzur Ahmad Chowdhury became the managing director of state-owned Jalalabad Gas Transmission and Distribution System Limited (JGTDSL), a company of Petrobangla, on Tuesday.
29 March 2023, 18:00 PM

Farmer wins Tk 1 lakh products buying Marcel fridge

Sanowar Hossain, a farmer of Alamdanga upazila in Chuadanga, won Marcel branded electronics products worth Tk 1 lakh as a winner of Marcel’s ongoing “Digital Campaign Season-17” buying a Marcel refrigerator.
29 March 2023, 18:00 PM

Bank loan disbursement to poultry, livestock rises

Banks disbursed a higher amount of loans to the poultry and livestock sector in the first seven months of the current fiscal year compared to the same period a year ago, according to data by Bangladesh Bank.
29 March 2023, 18:00 PM

DBH Finance’s profit falls in 2022

DBH Finance PLC reported a 2.62 per cent year-on-year decrease in profit to Tk 101.59 crore in the financial year that ended on December 31.
29 March 2023, 18:00 PM

Beza, China chamber sign MoU to brand Bangladesh

Bangladesh Economic Zones Authority (Beza) and the Bangladesh China Chamber of Commerce and Industry (BCCCI) signed a memorandum of understanding (MoU) yesterday over promoting and branding Bangladesh globally and attracting foreign investment at economic zones. 
29 March 2023, 18:00 PM

Insurance may be made mandatory for all vehicles

The government is likely to make insurance mandatory for all types of vehicles, including motorcycles, cars and buses.
29 March 2023, 18:00 PM

‘Debt servicing a concern’

Around 18 per cent of Bangladesh’s revenue is currently spent on debt servicing each year, creating a concern for the economy, according to Syed M Ahsan, professor emeritus at Concordia University in Canada.
29 March 2023, 18:00 PM

DSE, CSE inch up in morning trade

Stocks on Dhaka and Chattogram bourses rose slightly in the morning trade today.
29 March 2023, 07:09 AM

Monthly food expense rises 51% in four years: CPD

The average monthly food expense for a four-member household in Dhaka has increased by up to 51 per cent over the past four years due to persisting high inflation, according to a study by the Centre for Policy Dialogue (CPD).
29 March 2023, 03:30 AM

Remittance CHANGING rural economy of Bangladesh

Supported by remittance, the families of Bangladeshi migrant workers are playing a crucial role in developing the country’s rural economy by not only purchasing goods, but also investing in different small-scale income generating opportunities, according to experts.
29 March 2023, 03:00 AM

Hybrid rice planted on record area

Farmers have planted hybrid rice on the highest amount of land in the current Boro season, the source of the biggest crop output, to profit from higher production and prices of the staple grain in the market. 
29 March 2023, 02:30 AM