Islami Bank to issue Tk 800cr bonds

Islami Bank Bangladesh Ltd has received consent from the Bangladesh Securities and Exchange Commission (BSEC) to raise Tk 800 crore by issuing subordinated bonds.   
1 January 2023, 18:00 PM

Standard Bank gets new vice-chairman

Kazi Khurram Ahmed has been elected vice-chairman of Standard Bank at a meeting of the board of directors recently. 
1 January 2023, 18:00 PM

Great Wall Ceramic official among top young taxpayers

Asif Iqbal Mahmud, deputy managing director of Great Wall Ceramic Industries Ltd, has been named for the “tax award” by the National Board of Revenue (NBR) for his contribution to the national exchequer.
1 January 2023, 18:00 PM

Janata Bank gets new DMD

Janata Bank has promoted its general manager Md Ramjan Bahar to the post of deputy managing director, according to a press release.
1 January 2023, 18:00 PM

Jute millers seek low-cost fund

Jute millers have urged the government to speed up the formation of a low-cost fund for the jute sector to allow entrepreneurs to modernise machineries of their dilapidated mills and increase productivity. 
1 January 2023, 18:00 PM

Ensure stable energy prices for economic recovery

The Dhaka Chamber of Commerce and Industry (DCCI) yesterday urged the government to focus on ensuring uninterrupted and affordable energy for both local and export-oriented manufacturing units to further accelerate Bangladesh’s economic recovery in 2023.
1 January 2023, 18:00 PM

Pay at least production cost to get smooth supply of power, gas

Prime Minister Sheikh Hasina yesterday asked businesspeople and industrialists in Bangladesh to at least pay the cost of generating and procuring electricity and gas if they want to avail an uninterrupted supply of energy.
1 January 2023, 18:00 PM

Ensure stable energy prices for economic recovery

The Dhaka Chamber of Commerce and Industry (DCCI) today urged the government to focus on ensuring uninterrupted and affordable energy for both local and export-oriented manufacturing units to further accelerate Bangladesh’s economic recovery in 2023.
1 January 2023, 15:41 PM

Saidpur airport to boost connectivity with Nepal, Bhutan

Efforts to turn Saidpur airport in Nilphamari into an international airport are underway as making it a key transit point would boost connectivity with Nepal, Bhutan and the Seven Sister states of India, according to government officials.
1 January 2023, 04:30 AM

Flower sales bloom amid celebrations

On a chilly Saturday morning two men sit at a flower shop in the capital’s Shahbagh with different flowers, thread, wrapping paper, adhesive tape and other materials. 
1 January 2023, 04:00 AM

No smooth sailing this year

Doing business in Bangladesh may not be all smooth sailing this year as the global economy will continue struggling with sanctions centring the Russia-Ukraine war and ripple effects of Covid-19, according to businesspeople.
1 January 2023, 03:30 AM

2023: the year we expect to be

We have seen the year 2022 to be a year of many experiments for regulators, and more importantly, the local and international private sector.
1 January 2023, 03:00 AM

Policies and reality checks

The beginning of a new year is not just a moment for resolution. We are in a season that is about both reflecting on the past and looking forward to the future. 
1 January 2023, 02:30 AM

What’s in store for Bangladesh in 2023?

Both the International Monetary Fund and the World Bank have painted a gloomy scenario for the global economy for 2023 as uncertainty persists amid the protracting Russia-Ukraine war, the volatility in the international energy market and higher inflation. The world is expected to head for a recession.
1 January 2023, 02:00 AM

Govt developing 10 export sectors to earn $1b from each

The government has been working to develop 10 sectors so that each of those can earn $1 billion through exports within the next couple of years, Commerce Minister Tipu Munshi said yesterday. 
31 December 2022, 18:00 PM

Malek, Elahi elected as MTB chairman, vice-chairman

Md Abdul Malek was recently elected as the chairman of Mutual Trust Bank.
31 December 2022, 18:00 PM

Rice price high for excessive profits by millers, retailers

Excessive profits secured by rice millers and retailers are to blame for the price hike in Bangladesh despite a bumper production, found a survey of Bangladesh Rice Research Institute (BRRI). 
31 December 2022, 18:00 PM

RMG export earnings drop in Dec

Earnings from garment shipments in December declined by 4.92 per cent year-on-year to $3.27 billion for high inflation and a reduction of work orders from international retailers and brands stemming from the Russia-Ukraine war, according to the BGMEA. 
31 December 2022, 18:00 PM

Land info to be available in AI-based govt portal

The government is set to launch an artificial intelligence-based web portal to impart land-related knowledge among the masses and deliver all kinds of information on land. 
31 December 2022, 18:00 PM

Financial sector most talked about issue

The most talked-about sector of the economy in 2022 was the financial sector which is already burdened with an increasing amount of non-performing loans.
31 December 2022, 10:34 AM