Household survey to end by Dec 31

Data collection for the Household Income and Expenditure Survey (HIES)-2022 is going to be complete within December 31 this year, according to Project Director Mohiuddin Ahmed.
15 December 2022, 18:00 PM

Palm oil price cut by Tk 4, soybean Tk 5

The retail price of palm oil has been reduced by Tk 4 while soybean oil by Tk 5 a litre in the country. 
15 December 2022, 18:00 PM

Dhaka, Ctg hold over 80% bank deposits

Dhaka and Chattogram divisions account for more than 80 per cent of the total deposits in the banking system thanks to a large flow of savings from state-run enterprises and higher economic activity.
15 December 2022, 18:00 PM

Maldives remittance can be sent to bKash accounts

The Commercial Bank of Ceylon PLC, Commercial Bank of Maldives and bKash signed an agreement to launch a “Bangla eRemit” platform at the former’s head office on Sunday. 
15 December 2022, 18:00 PM

Rural people facing large-scale digital inequality

A huge part of the population, especially in rural areas, is still deprived of access to digital services due to their inability to purchase the required devices, according to an economist.
15 December 2022, 18:00 PM

High-value exotic fruits make a splash

The production of some high-value exotic fruits in Bangladesh has increased significantly in the past several years as many farmers have jumped on the bandwagon of growing them commercially since they fetch higher profits. 
15 December 2022, 03:30 AM

Non-banks facing uphill battle

What started with lease financing, progressively diversified into term lending, working capital financing, corporate advisory, housing finance, merchant banking, equity financing and finally took the name of today’s non-banking financial institution (NBFI).
15 December 2022, 03:00 AM

Bepza moves to stop use of fake import permits

Bangladesh Export Processing Zones Authority (Bepza) has taken a number of steps, including connecting to customs management software, to prevent the use of fake import permits following the detection of such malpractices this year. 
15 December 2022, 02:30 AM

Making packaging materials: Akij Group’s Tk 1,000cr investment at risk

With the aim of catering to the growing local market and diversifying the country’s export basket, Akij Group invested more than Tk 1,000 crore in setting up a plant to produce films for packages.
15 December 2022, 02:00 AM

Tourist SIM in the offing

The telecom regulator is going to introduce a “tourist SIM” for foreign travellers coming to Bangladesh. 
14 December 2022, 18:00 PM

Banks asked to levy minimum LC margin

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for rice and wheat in order to keep their prices at a tolerable level in the domestic market and ensure smooth supply.
14 December 2022, 18:00 PM

Need to diversify products, markets: MCCI

Bangladesh needs to diversify its export basket and seek out new markets in order to prevent potential losses after graduating from the list of least developed countries (LDC), according to Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry (MCCI).
14 December 2022, 18:00 PM

BJMC gets better response for leasing jute mills

The jute ministry has received a total of 37 proposals from the private sector for leasing 13 state-owned mills after it said textiles could be produced at the mills apart from jute goods, officials said yesterday.
14 December 2022, 18:00 PM

Inflation puts the squeeze on sales of Benarasi saris

The rising cost of living that stems from higher prices for essential goods has affected the Benarasi Palli in Dhaka’s Mirpur, where traders say sales have dipped by almost half despite it being the peak season.
14 December 2022, 02:30 AM

High cost of living takes a toll on bank deposits

The deposit growth in banks of Bangladesh has slowed as many people saw their capacity to save dwindle amid the higher cost of living.
14 December 2022, 02:00 AM

Short-term foreign loans allowed for import

Businesses will be able to import eight essential items centring upcoming Ramadan by taking short-term loans from foreign sources, said Bangladesh Bank yesterday. 
13 December 2022, 18:00 PM

Excess liquidity at Islamic banks halves

Excess liquidity at Islamic banks in Bangladesh fell nearly 50 per cent year-on-year to Tk 17,525 crore in July-September quarter this year as deposits growth slowed, central bank data showed.
13 December 2022, 18:00 PM

TCB hikes prices of sugar, pulse

The Trading Corporation of Bangladesh (TCB) has hiked the price of daily essentials sold at subsidised rates by Tk 5 due to an increase in prices of the commodities, putting more pressure on the country’s low-income groups.
13 December 2022, 18:00 PM

US inflation subsides further

US consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year and giving the Federal Reserve cover on Wednesday to start scaling back the size of its interest rate increases.
13 December 2022, 18:00 PM

Long-term finance key to affordable housing

Availability of long-term finance, collaboration among policymakers and proper databases are key to ensuring affordable housing for all, said experts at a seminar yesterday. 
13 December 2022, 18:00 PM