Consumer electronics sales plunge amid high inflation

The consumer electronics sector in Bangladesh is witnessing a slide in demand as sales have declined by 40 per cent from a year ago amid belt-tightening by customers
9 March 2023, 02:00 AM

Fire damages goods at TCB warehouse

About 20 tonnes of soybean oil and 10 tonnes of chickpeas were damaged when a fire broke out at a warehouse of the Trading Corporation of Bangladesh (TCB) in Dhaka’s Tejgaon on Tuesday.
8 March 2023, 18:00 PM

Apparel exporters demand cut in source tax

Apparel exporters have sought a host of tax benefits, including bringing down the tax deducted at source and withdrawing income tax levied on cash incentives in the upcoming fiscal year, in a bid to help the garment industry deal with the current economic stress.
8 March 2023, 18:00 PM

On a journey towards a cashless Bangladesh

The disappearance of cash – and the world’s eventual adoption of digital payments – is a concept that has been around ever since electronic fund transfers were conceived in the 1960s
8 March 2023, 18:00 PM

TCB’s sugar, lentil sales begin today

The Trading Corporation of Bangladesh (TCB) has announced that it would sell sugar at Tk 60 a kilogramme to one crore family cardholders during Ramadan.
8 March 2023, 18:00 PM

Cut duties on essentials

The Centre for Policy Dialogue (CPD) has urged the government to reduce the duties and taxes, both at import and domestic levels, on essential commodities in order to provide some respite to consumers with low and limited income amid higher inflation.
8 March 2023, 18:00 PM

First-ever career fair on travel, hospitality

The Bangladesh Monitor, a travel trade publication of the country, will organise its first-ever job and career fair in Dhaka.
8 March 2023, 18:00 PM

Economic Association for all-out efforts to cut inequality

The Bangladesh Economic Association (BEA) has urged the budget planners to employ all possible ways to reduce the inequality related to wealth, income, health, and education.
8 March 2023, 18:00 PM

Chars in Bhola a hub for dried fish makers

Huge quantities of dried fish are produced each year in Charfesson and Manpura upazilas of Bhola, where at least 10,000 marginalised people are involved in this business worth around Tk 100 crore annually.
7 March 2023, 05:50 AM

Women-owned MFS accounts falling

Although the number of mobile financial service (MFS) accounts has grown in Bangladesh, the ratio of accounts held by women is falling, which, analysts say, is not desirable as increased participation of female is necessary for digital financial inclusion and gender equality.
7 March 2023, 03:00 AM

Lack of finances, right skills holding women-run businesses back

Many women entrepreneurs in Bangladesh need to be trained so that they can use modern technologies at ease with a view to helping their businesses tap their full potential, said speakers at a discussion yesterday.
7 March 2023, 02:30 AM

Akij Bashir Group aims to set new standards

Sheikh Bashir Uddin, former managing director of Akij Group, has begun a new journey in the name of Akij Bashir Group targeting to deliver products of impeccable quality, upholding the high standards associated with the legacy of the Akij name.
7 March 2023, 02:15 AM

E-commerce buoyant riding on women entrepreneurs

Women entrepreneurs are playing a vital role in keeping Bangladesh’s digital commerce segment buoyant using their skills and resilience, giving a much-needed fillip to a sector reeling under crisis because of plummeting sales, scams and unprecedented inflation. 
7 March 2023, 02:00 AM

Rising foreign debt to create trouble

The increasing foreign debt will create problems for Bangladesh unless structural problems in the country’s financial sector are addressed, said economists at an inter-department dialogue at the University of Dhaka yesterday.
7 March 2023, 01:50 AM

Lankan Alliance to issue IPO

Lankan Alliance Finance, a joint venture financial institution licensed by Bangladesh Bank with multinational collaboration, is going to make an initial public offering (IPO) with UCB Investment as the issue manager. 
6 March 2023, 18:00 PM

Gemini Seafood, Lenk Frozen Foods ink deal to expand trade

Gemini Seafood Limited (GSFL) has signed a collaboration agreement with Lenk Frozen Foods (Asia) Co Ltd (LENK) to promote the best seafood practices, expand their global market presence, and improve backward linkage.
6 March 2023, 18:00 PM

Oimex Electrode suffers Tk 1.61 crore loss in Q2

Oimex Electrode Limited suffered a loss of Tk 1.61 crore in the second quarter of the current financial year.
6 March 2023, 18:00 PM

Eight start-ups to get Tk 8cr investment

Robi’s flagship digital entrepreneurship contest r-ventures 3.0 concluded on March 5 with eight start-ups being given the promise of being provided investments of over Tk 8 crore in total.
6 March 2023, 18:00 PM

Jute bags’ mandatory use not being ensured: Jute minister

Textiles and Jute Minister Golam Dastagir Gazi yesterday directed the Department of Jute to ensure the use of jute bags in packaging, saying that it was not happening in spite of the enactment of the Mandatory Jute Packaging Act 2010.  
6 March 2023, 18:00 PM

BB moves to ensure timely encashment of export proceeds

The central bank has tightened rules so that exporters realise their export proceeds within the stipulated period, a move that may increase the supply of the US dollar in the foreign currency market.
6 March 2023, 18:00 PM