NBR to purchase 6 more container scanners

The National Board of Revenue (NBR) is finally going to purchase six container scanners worth Tk 327 crore from a Chinse company which will boost examination of export and import consignments and curb duty evasion through false declarations. 
5 January 2023, 04:20 AM

Alternative trading board launched for Dhaka bourse

An alternative trading board (ATB) was launched for the stock market yesterday to facilitate the secondary trading of non-listed companies, corporate bonds, open-ended mutual funds, and exchange-traded funds.
5 January 2023, 04:20 AM

Banks to be asked to set aside dollars

Amidst a fall in the letters of credit (LCs) for key essential commodities, the commerce ministry yesterday said it would request banks to retain some dollars to facilitate the import to meet Ramadan’s usual increase in demand. 
5 January 2023, 04:10 AM

Mongla port expansion makes headway

The Mongla Port Authority’s plan to undertake a massive development work to expand, modernise and build the capacity of the port has received a major boost as uncertainty over funding is set to disappear. 
5 January 2023, 03:00 AM

Savings tool sales fall for new conditions

A retired secondary school teacher in Satkhira not entitled to pensions had planned to use a portion of other service benefits to purchase savings certificates to meet some of his family expenses with the interest income.  
5 January 2023, 02:30 AM

One third of listed banks’ asset quality drops

One-third of the listed banks in Bangladesh, especially the shariah-based lenders, suffered a drop in profits in the last five years due to the deterioration in their asset quality, higher non-performing loans, and the impact of the coronavirus pandemic. 
5 January 2023, 02:00 AM

Uttara Motors launches Suzuki Brezza SUV

Uttara Motors recently launched sport utility vehicle (SUV) Suzuki Brezza with features like head-up display, 360-degree view camera and six airbags. 
4 January 2023, 18:00 PM

Only two export items fared well in first half of FY23

Only two major exports, namely apparel and leather and leather goods, performed well in the first half of the current fiscal year as global demand for non-garment items has fallen in the face of high inflation stemming from the Russia-Ukraine war.
4 January 2023, 03:30 AM

Vegetable cultivation shows promise in Pabna

Vegetable cultivation is gaining popularity in Pabna as growing profits have spurred local farmers to expand their activities over the past few years, according to the Department of Agricultural Extension (DAE) in the district.
4 January 2023, 03:00 AM

Internet subscriber base shrinks for fourth month

The internet subscriber base in Bangladesh has been on a downward curve for four months till November last year due to a sharp drop in the number of mobile internet users.
4 January 2023, 02:30 AM

Imports of key essentials drop for dollar crunch

The import of essentials such as edible oil, chickpeas, dried peas and sugar fell in July-November as traders face difficulties in opening letters of credit (LCs) to purchase the items from international markets amid the US dollar shortage.
4 January 2023, 02:00 AM

Bangladesh’s growth to slow, unlikely to face recession

Bangladesh is unlikely to fall into any recession but its economic growth may slow down in 2023 because of high inflation, dollar crisis and problems in the banking sector, said economists yesterday. 
3 January 2023, 18:00 PM

Pran to buy 20,000 tonnes of tomatoes

Pran, one of the leading agro-processors in the country, has started tomato collection from the farmers and pulping activities to manufacture sauce, ketchup, tomato paste and other food items.
3 January 2023, 18:00 PM

Reduced VAT on edible oil until April 30

The National Board of Revenue (NBR) has extended a VAT reduction of 5 per cent on edible oil for four more months till April 30 so that consumers do not feel the burden of the indirect tax on prices, according to a notification yesterday.
3 January 2023, 18:00 PM

MTB Foundation honours man killed trying to save 3 kids

MTB Foundation has recently posthumously presented its 12th Bravery & Courage Award to a man who had lost his life in 2021 trying to prevent three minor siblings from being run over by a Khulna-bound train at Nilphamari sadar upazila. 
3 January 2023, 18:00 PM

Padma Bank to use ICAB document verification system

Padma Bank signed a memorandum of understanding (MoU) with the Institute of Chartered Accountants of Bangladesh (ICAB) over using a Document Verification System for audit reports and audited financial statements submitted by loan applicants. 
3 January 2023, 18:00 PM

Gold rallies to 6-month high

Gold started the new year on a solid note after ending a volatile 2022 largely unchanged, with prices rallying to a more than six-month peak on Tuesday as investors positioned for the Federal Reserve’s latest policy minutes.
3 January 2023, 18:00 PM

Area-wise wage gap 60% among female RMG workers

The country’s female garment workers have a wage gap of around 51 per cent to 60 per cent depending on the area and living wage benchmark in five major industrial areas in Bangladesh, including Dhaka city, a survey finds.
3 January 2023, 05:45 AM

Rights body for 175pc hike in garment wage

The Bangladesh Garments Workers Unity Council (BGWUC) yesterday demanded that the monthly minimum wage of garment workers be hiked by 175 per cent to Tk 22,000 from the existing Tk 8,000.
3 January 2023, 05:15 AM

Bagerhat shrimp farmers in hot water

A drop in prices coupled with a rise in feed costs have put shrimp and prawn farmers of Bagerhat in a tight spot.
3 January 2023, 04:15 AM