Central bank’s USD investment plunges

Bangladesh Bank’s foreign exchange reserves invested in US dollars declined 34 per cent year-on-year to $23.63 billion in February as the country is heavily dependent on the American greenback to settle payments for global trade.
28 February 2023, 02:00 AM

Bank of Ceylon, Bida sign deal on OSS

The Commercial Bank of Ceylon PLC and Bangladesh Investment Development Authority (Bida) signed a memorandum of understanding recently for the former to provide two specialised services for local and foreign investors through an online One Stop Service platform of Bida. 
27 February 2023, 18:00 PM

MTB receives award for pandemic effort

Mutual Trust Bank (MTB) has received a global “Outstanding Response to Covid-19” award at Global Innovation Awards 2023 “for its efforts in supporting cottage, micro and small medium enterprises and agri clients during the pandemic”. 
27 February 2023, 18:00 PM

ACI brings educational apps

ACI Limited has brought two new digital educational apps “Medhabir Supernova” and “Kids Brain Builder” to make learning easier for children and make them curious about learning.
27 February 2023, 18:00 PM

Rules eased for raw jute export

The government has removed the condition for raw jute exporters of taking prior approval from the commerce ministry before shipment, according to a notice issued by Export Promotion Bureau (EPB) yesterday.
27 February 2023, 18:00 PM

Bank Asia offers zero cost internet for its app users

Bank Asia launched a “Zero cost internet facility” campaign in collaboration with Grameenphone, enabling Bank Asia customers (GP users only) to enjoy cost-free internet while using the lender’s Smart App, said a press release. 
27 February 2023, 18:00 PM

Sri Lanka to get $400m from IFC for essential imports

The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka a $400 million cross-currency swap facility to help fund essential imports.
27 February 2023, 18:00 PM

Stocks snap losing streak

The indices of Dhaka Stock Exchange (DSE) rose yesterday snapping a five-day falling streak though turnover remained below the Tk 300 crore level. 
27 February 2023, 18:00 PM

Insurance premium collection up 17pc

Premiums collected by the insurance sector in 2022 rose nearly 17 per cent year-on-year in spite of business facing challenges amid the pandemic and Russia-Ukraine war. 
27 February 2023, 18:00 PM

BBS to publish quarterly GDP data from 2024

The Bangladesh Bureau of Statistics (BBS) will publish quarterly data on the country’s gross domestic product (GDP) from 2024, said Md Matiar Rahman, director general of the state statistics agency.
27 February 2023, 18:00 PM

Open sky policy a must for Dhaka airport to be a regional hub

Bangladesh should make proper investment and adopt an open sky policy to build a sophisticated airport in Dhaka and turn it into a regional aviation hub, said Ahmed Hashim Khoori, senior vice president of Emirates for West Asia and Indian Ocean.
27 February 2023, 02:30 AM

MFS booming but largely confined to fund transfer

More than a decade has passed since the rollout of mobile financial service (MFS) in Bangladesh, but its use has largely been limited to fund transfers though it can become a major vehicle to turn the country into a cashless economy eliminating its over-dependence on fiat currencies.
27 February 2023, 02:00 AM

Novoair to resume Dhaka-Barishal flight

Novoair will resume its flights on the Dhaka-Barishal route from March 1.
26 February 2023, 18:00 PM

Steer clear of IPR violations

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged members to remain more careful about rights ownership when making products to avoid counterfeiting goods and violating intellectual property rights (IPRs). 
26 February 2023, 18:00 PM

Over Tk 1cr birds sold at livestock fair

Birds worth over Tk 1 crore have been sold at a two-day livestock exhibition ending in Dhaka yesterday, said Fisheries and Livestock Minister SM Rezaul Karim yesterday. 
26 February 2023, 18:00 PM

Islami Bank to hold raffle draw for remitters

Islami Bank Bangladesh will hold a raffle draw every banking day (Sunday to Thursday) from March 1 to May 14 to offer motorcycles to people sending remittance through Ria Money Transfer. 
26 February 2023, 18:00 PM

Shipping Corporation’s profit grows over 12% in Q2

Bangladesh Shipping Corporation (BSC) reported a 12.42 per cent year-on-year profit growth to Tk 67.57 crore in the second quarter of the current financial year.
26 February 2023, 18:00 PM

Ctg real estate fair logs Tk 108cr sales, bookings

Bookings and sales worth Tk 108 crore were recorded at a four-day housing fair ending in Chattogram city yesterday, much less than the Tk 238 crore secured in its last edition, apparently indicating an effect of the ongoing economic crisis.
26 February 2023, 18:00 PM

IT industry needs more policy support

The IT industry needs more policy support to boost its exports and create a “smart nation”, experts said yesterday. 
26 February 2023, 18:00 PM

Thousands throng IT job fair at BASIS SoftExpo

Thousands of IT graduates and professionals yesterday visited a technology fair in the capital where firms offered on-the-spot hiring opportunities. 
26 February 2023, 18:00 PM