Unilever, YPSA hold plastic-free Karnaphuli campaign

Unilever Bangladesh Limited (UBL) and the Young Power in Social Action (YPSA) have teamed up under a campaign to conserve the once-powerful Karnaphuli river and raise awareness about plastic pollution.
12 December 2022, 18:00 PM

Farmers frustrated by poor price of peanuts

Peanut farmers in the greater Rangpur region have been left disappointed this year as prices for their produce are far below the expected level of Tk 7,000 to Tk 7,500 per maund (37 kilogrammes).
12 December 2022, 03:30 AM

Rice import by private sector remains low

Rice imports by the private sector in Bangladesh remain low despite five months having passed since the government started allowing local businesses to import the staple grain in a bid to rein in its spiralling prices in the domestic market.
12 December 2022, 03:00 AM

BB to return to biannual monetary policy

The central bank is set to return to its semiannual monetary policy stance after three years as per a suggestion of the International Monetary Fund (IMF) but local economists say the move would not bring about any change amid the lending rate cap and multiple exchange rates. 
12 December 2022, 02:30 AM

Bangladesh, Japan agree to sign FTA

Bangladesh and Japan have primarily agreed on signing a free trade agreement (FTA) to increase trade and investment, said Commerce Minister Tipu Munshi yesterday. 
12 December 2022, 02:00 AM

Envoy gets $11m ADB loan

Asian Development Bank (ADB) has provided a €10.8 million ($11.2 million) loan to Envoy Textiles to construct a second yarn spinning unit in Jamirdia of Mymensingh. 
11 December 2022, 18:00 PM

Social commerce may contribute $42b by this year: study

Latest study forecasts social commerce to directly influence 25 percent or US$42 billion of annual e-commerce sales in Southeast Asia by the end of 2022, the majority of which happened on social media platforms such as TikTok, Facebook and Instagram.
11 December 2022, 18:00 PM

bKash highest VAT payer in services sector

Leading mobile financial service provider bKash has been honoured by the National Board of Revenue (NBR) as the highest value-added tax (VAT) payer in the services sector at the national level for fiscal year 2020-21.
11 December 2022, 18:00 PM

StanChart The Banker’s ‘Best Bank in Bangladesh’

Standard Chartered Bangladesh was recently named as the “Best Bank in Bangladesh” by The Banker magazine’s Bank of the Year Awards 2022.
11 December 2022, 18:00 PM

Small fishers contribute 90% of marine capture

The small-scale or artisanal fishers contribute nearly 90 per cent of all marine capture in Bangladesh, according to the United Nation’s Food and Agriculture Organisation (FAO).
11 December 2022, 18:00 PM

Deadline extended for rice purchase agreements

The food ministry has extended the deadline to sign contract with rice millers regarding the purchase of the grain by a week to December 15 this year, said a notification.
11 December 2022, 18:00 PM

BB relaxes LC requirements for Ramadan commodities

The central bank has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for essential commodities as it looks to keep their prices at a tolerable level during Ramadan and ensure smooth supply.
11 December 2022, 18:00 PM

Communication during crisis

Our professor for reputation and crisis management at Kellogg School of Management told us: “Nothing seems to work during a crisis. People are either confused or panicked all along.”
11 December 2022, 04:00 AM

Falling exports hit jute growers

Jute prices in Bangladesh are currently lower than what they were at the same time last year due to declining exports of twine and yarn made from the natural fibre, according to growers and traders.
11 December 2022, 03:30 AM

Non-leather footwear exports can reach $1b by 2025

Exports and domestic sales of Bangladesh’s synthetic and athletic footwear sector have been witnessing some of the highest growths among those of other sectors, according to a market assessment of Bangladesh Investment Development Authority (Bida).
11 December 2022, 03:00 AM

Wage growth below inflation for 10th month

For the 10th consecutive month, monthly wage growth of workers has remained below inflation, a trend that indicates a worsening poverty situation as many people are being compelled to cut consumption amid falling real income.
11 December 2022, 02:30 AM

ICB could lose Tk 438cr for unusual investment decisions

Unusual investment decisions made by the state-run Investment Corporation of Bangladesh (ICB) could inflict a loss of Tk 438 crore on taxpayers as the funds have either turned into default loans or remained largely unrealised, according to an audit report.
11 December 2022, 02:00 AM

Curse of high inflation: The worst is yet to come

Globally, people are experiencing inflation at levels not seen for decades as prices surge for essentials like food, heating, transport and accommodation. And though a peak could be in sight, the effects may yet get worse.
10 December 2022, 18:00 PM

Projector sales double amid FIFA World Cup

Shajedul Islam Sajal, who lives in the WASA staff quarter near Pallabi Extension in Dhaka’s Mirpur, had pooled his money with other youths in the area to buy a projector for Tk 15,000 before the FIFA World Cup began on November 20 this year.
10 December 2022, 18:00 PM

Bangladesh’s cotton import to drop: USDA

Bangladesh’s cotton import may drop to 8 million bales in marketing year 2022-23 which began in August, said the US Department of Agriculture (USDA) at the end of last week. 
10 December 2022, 18:00 PM