IMF said Bangladesh’s progress has been outstanding

Finance Minister AHM Mustafa Kamal today said the International Monetary Fund (IMF) had praised Bangladesh's economic progress as "outstanding".
10 December 2022, 13:52 PM

Moody’s places Bangladesh’s ratings under review

Major global rating agency Moody's has placed Bangladesh's long-held credit rating of Ba3 on review for downgrade, in a development that stands to make the country's foreign transactions and lending tougher.
9 December 2022, 21:15 PM

Coffee cultivation shows promise in Ctg Hill Tracts

Coffee is one of the most popular caffeinated beverages in the world with people from all over reaching for a cup whenever they need an extra shot of energy.
9 December 2022, 08:00 AM

Maize production to rise as high prices drive planting

Bangladesh is expected to produce more maize this year as farmers, encouraged by profitable prices, have planted the coarse grains on an increased area of land.
9 December 2022, 03:30 AM

Poor mobile network in busy Ctg areas

Customers of different mobile network operators at a public hearing yesterday reported that their daily communication was being hampered due to poor coverage in busy areas in the port city of Chattogram, including GEC and Foy’s Lake. 
9 December 2022, 03:00 AM

IT firms grapple with unskilled labour force

IT firms are struggling to find skilled tech talents and professionals despite higher demand for information technology services from local and global clients, a situation that threatens their expansion and could shatter Bangladesh’s export ambition for the sector.
9 December 2022, 02:30 AM

PPP investment far lower than required

Despite having a strong emerging regulatory framework and a relatively mature market, public-private partnership (PPP) projects in Bangladesh have attracted far lower investments than requirements owing to implementation challenges, lack of long-term financing, and dated laws.
9 December 2022, 02:00 AM

NBR to expedite transition to automated VAT

The revenue authority is going to take initiative to expedite the full transition to an automated VAT system, which is yet to be done even though one-and-a-half-years have passed since it finished the much talked-about VAT Online Project.
8 December 2022, 18:00 PM

Merchants using eCourier to get instant payments on delivery

Online parcel delivery platform eCourier has launched an InstaPay payment service, enabling e-commerce and F-commerce sellers to get payments right after their products reach customers. 
8 December 2022, 18:00 PM

Tk 1,742cr deals signed with eight companies

The Roads and Highways Department (RHD) yesterday signed three separate contracts worth Tk 1,742.74 crore with eight foreign and local companies over a Dhaka-Sylhet highway expansion project. 
8 December 2022, 18:00 PM

FBCCI seeks UK partnership for technology transfer

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought partnership with the UK for technology transfer and supply chain development to ensure smooth graduation of Bangladesh from the least developed country (LDC) category.
8 December 2022, 18:00 PM

Yeakin Polymer’s loss extends in FY22

Yeakin Polymer Limited suffered a loss of Tk 5.23 crore in the financial year that ended on June 30.    
8 December 2022, 18:00 PM

BB tightens rules for banks’ car purchase

Banks would able to replace cars and other vehicles used by their chairmen and chief executive officers and the lenders with new ones if they are at least eight years old, said the central bank on Wednesday.
8 December 2022, 18:00 PM

Sonali Aansh plunges 45% on bonus adjustment

Stocks of Sonali Aansh Industries plunged 45 per cent to Tk 434 in a day yesterday, a rare incident for the market. 
8 December 2022, 18:00 PM

Digital transformation: the term mostly abused

I had the privilege of working with a good number of high-tech wizards in a recent event where I found most of the chief technology officers (CTOs) are upset that the IT budget has been slashed due to the looming economic uncertainties and the ensuing challenges in the banking sector.
8 December 2022, 18:00 PM

Sirajganj backwater turns into blanket-making hub

Taravanu Begum, a middle-aged woman in Paikartoli village in Sirajganj’s Kazipur upazila, lost her homestead to river erosion and was compelled to take shelter at the flood protection embankment area a few years ago.
8 December 2022, 03:00 AM

Summit: a major player in ICT infrastructure

When one talks about Summit Group, it should come as no surprise that the conglomerate has solidified its position in Bangladesh’s power industry while its chairman, Muhammed Aziz Khan, has been listed by Forbes as one of the richest men in Singapore.
8 December 2022, 02:30 AM

Bangladesh again demands GSP revival at Ticfa meet

Bangladesh has again demanded the reinstatement of the Generalised System of Preferences (GSP) of the US at a 6th Trade and Investment Cooperation Forum Agreement (Ticfa) meeting held in Washington on Tuesday. 
7 December 2022, 18:00 PM

PPP projects attracted $6.74b investments

Public Private Partnership (PPP) projects in Bangladesh have attracted investments of $6.74 billion, with a majority in the energy sector, according to the Asian Development Bank (ADB).
7 December 2022, 18:00 PM

NPL much higher than reported

The amount of non-performing loans (NPLs) is likely to be much higher than that reported as the process does not fully take into account effects of scams and losses incurred by merchant banks due to the bursting of the stock price bubble, said a top economist at the unveiling of a book yesterday. 
7 December 2022, 18:00 PM