Cabinet approves draft agri marketing policy

The Cabinet yesterday approved a draft of National Agricultural Marketing Policy, 2023 aiming to ensure fair prices for consumers and maximum benefits for farmers through the modernisation of the market. 
9 January 2023, 18:00 PM

Vision launches OLED TV

Consumer electronics brand Vision of Pran-RFL Group has launched an OLED TV, a television with display technology based on the characteristics of organic light-emitting diodes (OLED). 
9 January 2023, 18:00 PM

Sonali Bank introduces new digital services

Sonali Bank has introduced new digital banking services with the aim of bringing technology-based modern banking services to the doorsteps of its clients, especially expatriate Bangladeshis living in any part of the world.
9 January 2023, 18:00 PM

Dhaka Bank gets two new DMDs

Dhaka Bank recently promoted Akhlaqur Rahman and Sheikh Abdul Bakir to the post of deputy managing directors.
9 January 2023, 18:00 PM

Plastic product shipment climbs 41%

The shipment of plastic products rose 41 per cent year-on-year to $100.17 million in the first six months of the current financial year as orders surged following the post-pandemic recovery and manufacturers made a foray into new export destinations, official figures showed.
9 January 2023, 04:30 AM

Stimulus for large, small industries: Tk 50,000cr fresh funds see tepid disbursement

Two of the government’s 28 Covid-19 stimulus packages saw a fresh injection of Tk 50,000 crore in the ongoing financial year, but only 4 per cent of the fund was disbursed between July and October.   
9 January 2023, 04:00 AM

Local airlines look to rebound from pandemic losses

The year 2022 had been a good year for Bangladesh’s two local airlines thanks to increased flow of travellers after the authorities lifted pandemic-related restrictions.
9 January 2023, 03:30 AM

Investment in RMG accessories slows

The flow of fresh investments in the garment accessories segment slowed in the last two years mainly for the severe fallout of Covid-19, the Russia-Ukraine war, and the US dollar crisis. 
9 January 2023, 03:00 AM

Narrow gap in dollar buy- sale rates

Apparel exporters have demanded that the government fast narrow down the gap between the rates at which the US dollar is bought and sold, citing that they were incurring losses for volatility in the exchange rate. 
9 January 2023, 02:30 AM

Airline a difficult venture in Bangladesh

Bangladesh has an ill-defined policy regime, infrastructure limitations, high cost of business and sky-high fuel cost which makes it difficult to sustain airline ventures here, said Novoair Managing Director Mofizur Rahman.
9 January 2023, 02:00 AM

Pubali Bank, BB sign deal on refinance loan

Pubali Bank Limited and the Bangladesh Bank signed an agreement on disbursement of loans under a refinancing scheme worth Tk 5,000 crore for food security of the country.
8 January 2023, 18:00 PM

Formalities eased for opening NRBs’ taka accounts

The central bank has simplified formalities for the opening non-resident investor’s taka accounts (NITAs).
8 January 2023, 18:00 PM

DBL Group gets $52m British loan to set up green factory

DBL Group has availed itself of a $52 million loan from British International Investment, a development finance institution of the UK, for the construction of a manufacturing facility. 
8 January 2023, 18:00 PM

20 goods account for 51pc of total import spending

Of all the money spent behind the 4,500 types of goods imported through the Chattogram port in the first five months of fiscal year 2022-23, more than 51 per cent or Tk 104,600 crore was spent for only 20 products. 
8 January 2023, 04:00 AM

How far can monetary policy help?

In the post-pandemic, Bangladesh recovered reasonably quickly and was seeing encouraging signs that the economy was well poised to return to the pre-Covid growth path.
8 January 2023, 03:30 AM

Bank branches go past 11,000 mark for first time

Branches of banks in Bangladesh have gone past the 11,000-mark for the first time despite expanding digitalisation in the financial sector, central bank data showed.
8 January 2023, 03:00 AM

Amnesty to bring back black money yields no result

The maiden tax amnesty offered by the government to bring back laundered money home has seemed to have brought no result since none secured the facility in the first six months of the current fiscal year.
8 January 2023, 02:30 AM

Balance of payments under stress

The financial account of the balance of payments (BoP) turned negative in the first five months of the current fiscal year, highlighting the challenges Bangladesh is facing in protecting its foreign currency reserves from depletion as funds outflows exceeded inflows. 
8 January 2023, 02:00 AM

Gold price hits record high

The price of gold has hit Tk 90,714 per bhori, the highest in the history of Bangladesh, as Bangladesh Jewellers’ Association (Bajus) decided to hike prices of the precious metal by 3 per cent from today. 
7 January 2023, 18:00 PM

Use green funds for leather sector compliance

The Bangladesh Small and Cottage Industries Corporation (BSCIC) should form a fund with support from Green Climate Fund to enable leather goods manufacturing processes that do not affect the environment, suggested Tofazzel Hossain Miah, principal secretary to the prime minister. 
7 January 2023, 18:00 PM