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

Govt extends tariff benefit by 3 months

The National Board of Revenue (NBR) yesterday extended the scope for traders to import rice at reduced tariff by three months to March 31 next year to facilitate increased supply of the staple food and contain its prices in the local market.
7 December 2022, 18:00 PM

Cassava cultivation catching on in hilly areas of Tangail

Cassava farmers in the Madhupur, Ghatail and Sakhipur upazilas of Tangail are enjoying bumper harvests of the crop, which has changed the fortunes of many in the fertile, hilly region.
7 December 2022, 04:00 AM

High tariff protection for steel industry affects users

With the prices of mild steel (MS) products, namely rods, remaining high in the domestic market, the Bangladesh Trade and Tariff Commission (BTTC) has said high tariff protection on imports of billet is affecting local users.
7 December 2022, 03:30 AM

Leather maintains healthy export growth despite global crisis

Despite the raging global economic crisis, Bangladesh’s leather and leather products sector witnessed a 17.56 per cent year-on-year growth in export earnings in the first five months of the current fiscal year on the back of orders shifting away from competitors.
7 December 2022, 03:00 AM

Why should you submit tax return by Dec 31?

If you miss your tax filing by December 31 this year, you will lose a significant amount of tax credit due to strict deadline of tax submission. So, if you have not yet been able to lodge your tax return then decide to submit within the stipulated time.
7 December 2022, 02:30 AM

Current account deficit widens further

Bangladesh’s current account deficit widened further in October as imports continued to surge compared to the combined receipts from exports and remittances.
7 December 2022, 02:00 AM

Developing economies’ debt doubles over decade: WB

The external debt of developing economies has more than doubled from a decade ago to $9 trillion in 2021, the World Bank said Tuesday, warning the debt crisis facing these countries has intensified.
6 December 2022, 18:00 PM

Mindshare wins Campaign’s Agency of the Year awards

Mindshare Bangladesh has won awards for overall achievements in advertising and brand communications since the early 1990s in two categories at the Campaign’s Agency of the Year awards 2022.
6 December 2022, 18:00 PM

Walton launches hire purchase and family protection policy

Walton has launched a hire purchase and family protection policy along with a one-stop service solution.
6 December 2022, 18:00 PM

Carbon emission to be cut by 22% within 2030

Bangladesh is one of the lowest carbon emitters in the world, but still the country is committed to cut carbon emissions by 89.47 million tonnes or 21.85 per cent of carbon dioxide by 2030, FBCCI President Md Jashim Uddin said yesterday.
6 December 2022, 18:00 PM

ICAB, auditor general’s office to share knowledge

The Institute of Chartered Accountants of Bangladesh (ICAB) and the Office of the Comptroller and Auditor General (OCAG) of Bangladesh signed a memorandum of understanding (MoU) recently to sharing knowledge by jointly developing and introducing courses and programmes. 
6 December 2022, 18:00 PM

Shahjalal Islami Bank secures first position in 22nd ICAB National Award

Shahjalal Islami Bank has won first position for the best presented annual report-2021 at the 22nd ICAB National Award recently.
6 December 2022, 18:00 PM

Impact Foundation Bangladesh gets new chairman

Enam Ahmed Chaudhury has been elected chairman of Impact Foundation Bangladesh in a board meeting on Monday.
6 December 2022, 18:00 PM

Meghna Bank signs deal with EkPay

Meghna Bank signed an agreement with EkPay, a centralised e-payment system of a2i of the government, in Dhaka recently.
6 December 2022, 18:00 PM

BB injects Tk 4,000cr into 5 Islamic banks

Five Islamic banks yesterday borrowed nearly Tk 4,000 crore from Bangladesh Bank right after a liquidity support arrangement was offered by the central bank to cash-strapped Shariah-based banks. 
6 December 2022, 18:00 PM

Bangladesh can be a market for 300cr people

Bangladesh is the most ideal place for investment in the world and can become an investment centre for a market of 300 crore people, said Prime Minister Sheikh Hasina yesterday.
6 December 2022, 18:00 PM

Proper policies needed for ‘Smart Bangladesh’

The main challenges towards building a “Smart Bangladesh” are formulating proper policies and integrating government and academic entities and service providers, said experts yesterday. 
6 December 2022, 18:00 PM

Monetary policy to be formulated twice a year: BB

Bangladesh Bank (BB) has again decided to formulate monetary policy twice a year as per the advice of the International Monetary Fund (IMF).
6 December 2022, 15:25 PM