GDP grows 7.1% in FY22

Bangladesh logged higher growth in gross domestic product (GDP) in 2021-22 fiscal year compared to the previous year, but it was 15 basis points below the provisional estimate.
5 February 2023, 18:00 PM

Launch campaigns at grassroots to boost tax

Prime Minister Sheikh Hasina yesterday asked the National Board of Revenue (NBR) to launch campaigns at the grassroots level and motivate people to pay tax as the country’s socioeconomic condition has improved radically in the last 14 years.
5 February 2023, 18:00 PM

Int’l transactions made easier for service exporters

The central bank has instructed banks to provide exporters’ retention quota (ERQ) account services to service exporters to help them carry out international transactions.
5 February 2023, 18:00 PM

Idcol to get €140.5m German loan

Infrastructure Development Company Limited (Idcol) signed two agreements with German development bank Kreditanstalt für Wiederaufbau (KfW) yesterday to avail a loan of €140.5 million. 
5 February 2023, 18:00 PM

Declare rubber as agricultural commodity

The Bangladesh Rubber Garden Owners Association yesterday presented an 11-point demand, which includes recognising rubber as an agricultural product, in a bid to help expand the local industry by removing existing hurdles.
5 February 2023, 18:00 PM

Dhaka Bank, Newage Group sign payroll deal

Dhaka Bank and Newage Group recently signed an agreement on payroll services, financial products from profit bearing accounts, loans and credit cards. 
5 February 2023, 18:00 PM

China hotel, catering jobs surge

Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing’s zero-Covid protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry.
5 February 2023, 18:00 PM

10-day BSCIC fair starts in Patuakhali

The BSCIC Entrepreneurial Fair and Buyer-Vendor Conference, jointly organised by the Bangladesh Small and Cottage Industries Cooperation (BSCIC) and Patuakhali district administration, kicked off at the DC Office field in Patuakhali sadar upazila yesterday.
5 February 2023, 18:00 PM

MetLife customers claimed Tk 2,548cr last year

MetLife Bangladesh’s policyholders received Tk 2,548 crore from their insurance policies in 2022. 
5 February 2023, 18:00 PM

Potato export to Russia to resume this year

Bangladesh will start exporting potatoes to Russia again this year as the latter has lifted a ban imposed on the entry of tubers from this south Asian nation last year, said Agriculture Minister Muhammad Abdur Razzaque yesterday. 
5 February 2023, 18:00 PM

VAT-GDP ratio low for exemptions for major sectors: NBR

Bangladesh’s VAT-GDP ratio is not improving to a satisfactory level as the country’s major sectors involved with goods and services are largely enjoying VAT exemptions, according to the National Board of Revenue (NBR). 
5 February 2023, 18:00 PM

Scrap vessel imports fall to four-year low

Scrap vessel imports by Bangladesh hit a four-year low in 2022 as banks in the country have become reluctant to open letters of credit amid the ongoing US dollar shortage, according to industry people.
5 February 2023, 03:00 AM

ADB intends to give $2.5b for MRT-5’s southern route

The Asian Development Bank (ADB) has showed its intention to mobilise $3.5 billion along with a co-financier for the implementation of the southern route of the Dhaka Mass Rapid Development Project’s MRT Line-5, officials said.
5 February 2023, 02:30 AM

Investment flow drying up for tech start-ups

Start-ups in Bangladesh went through a tough time in 2022 owing to the uncertainty in the global economy, but gloomier days for them might not go away any time soon since the decline in global investments is set to linger.
5 February 2023, 02:00 AM

Standard Bank gets new MD

Standard Bank has recently appointed a new managing director (MD) and chief executive officer. 
4 February 2023, 18:00 PM

Gold price falls for first time in nearly 4 months

For the first time in more than three months, Bangladesh Jewellers Samity (Bajus) yesterday reduced the price of gold by 1.24 per cent or Tk 1,166 per bhori in line with a fall in the price of the precious metal in the local market. 
4 February 2023, 18:00 PM

Raising fund thru bonds to cut costs of NBFIs

Raising fund by issuing bonds is a very good option for the non-bank financial sector and banks as medium and long-term debts will reduce overall costs, said a top executive of LankaBangla Finance. 
4 February 2023, 18:00 PM

Economic shocks not entirely external

The ongoing economic shocks Bangladesh is experiencing have not been entirely generated from the external source and many of them instead are the consequences of the absence of time-befitting measures on the part of the country, said economists yesterday.
4 February 2023, 18:00 PM

Bangladesh among top 3 nations to spur user growth of Facebook

Bangladesh is among the top three nations contributing to the active user growth for Facebook as of December 31, 2022, according to its parent social media giant Meta. 
4 February 2023, 18:00 PM

Gold price falls for first time in over 3 months

For the first time in more than three months, Bangladesh Jewellers Samity (Bajus) today reduced the price of gold by 1.24 percent or Tk 1,166 per bhori in line with a fall in the price of the precious metal in the local market.
4 February 2023, 15:33 PM