Transcom Digital launches Hitachi home appliances

Transcom Digital launched a refrigerator, a washing machine and three microwave ovens at a Hitachi Star Night 2022 at International Convention City Bashundhara in Dhaka recently. 
3 December 2022, 18:00 PM

Shahjalal Islami Bank awards scholarships to 500 students

Shahjalal Islami Bank yesterday awarded scholarships to 500 meritorious students from around the country who are financially insolvent. 
3 December 2022, 18:00 PM

Banglalink, bKash offer notification, top-up services

Mobile financial service provider bKash signed an agreement with Banglalink recently over livestreaming FIFA World Cup matches.  
3 December 2022, 18:00 PM

Fund needed to train newbies at small IT firms

The government needs to create a special fund to help information technology companies falling under the small and medium enterprise (SME) category hire fresh graduates and ease a manpower shortage, experts said yesterday. 
3 December 2022, 18:00 PM

'No dollar crisis, only deficit'

Planning Minister MA Mannan today said there is no dollar crisis in the country, only a deficit; the economy will be completely normal by March-April next year.
3 December 2022, 11:29 AM

Growth in Apparel Exports to the EU: Bangladesh surpasses China

The growth of apparel shipments from Bangladesh to the European Union (EU) not only surpassed that of China, but also all other major suppliers in the world between January and August this year, according to the latest data from Eurostat. 
2 December 2022, 05:00 AM

Remittance receipts to fall by $1b in 2022

With a $21-billion inward remittance anticipated, Bangladesh is likely to be the seventh highest recipient of remittance globally this year, said the World Bank’s latest report.
2 December 2022, 05:00 AM

Regulator rejects Bay Leasing’s 5% dividend plan

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Bay Leasing & Investment Limited’s plan to award 5 per cent stock dividend for the year that ended on December 31 of 2021.    
2 December 2022, 04:50 AM

Dhaka Insurance posts lower profit

Dhaka Insurance Limited reported a 10.22 per cent year-on-year decline in profit at Tk 2.81 crore in the third quarter of 2022.
2 December 2022, 04:40 AM

BSCIC Industrial Estates: Infrastructural shortcomings the prime concern

Infrastructural inadequacies, such as potholes, are the biggest concern for businesses based in industrial estates of the Bangladesh Small and Cottage Industries Corporation (BSCIC), according to 67 per cent of the entrepreneurs with factories inside BSCIC areas across the country.
2 December 2022, 04:30 AM

Confidence Cement’s profit falls over 27% in Jul-Sep

Confidence Cement Ltd’s profit declined by 27.28 per cent year-on-year to Tk 13.14 crore in the July-September quarter of 2022 driven by lower sales, a higher raw material price, and the exchange rate volatility.
2 December 2022, 04:10 AM

Remittance ticks up in November

Remittance flow went up slightly in November but it still hovered around lower-than-expected $1.5 billion that Bangladesh received in the previous two months, official figures showed yesterday.  
2 December 2022, 04:00 AM

Chui jhal farming spreads

Things that immediately come to mind when someone thinks of Khulna are the world’s one of the largest mangrove forests Sundarbans and delicious shrimps. But the southwestern city is also home to food dishes prepared with piper chaba, locally known as chui jhal, whose popularity is growing rapidly.
2 December 2022, 02:30 AM

Semiconductors could diversify export basket

Exploring the potential of the semiconductor industry in Bangladesh could help start the much-needed diversification of exports from the country, according to Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry (MCCI).
1 December 2022, 18:00 PM

Lest they judge

Once upon a time, Nasiruddin Hojja was riding a donkey with his friend.
1 December 2022, 18:00 PM

Quicksand below development: Citizen's Platform for SDGs

There has been discernible development in Bangladesh in the form of higher income and improved living standards in recent years but inequality has also deepened, said Debapriya Bhattacharya, the convener of the Citizen’s Platform for SDGs, Bangladesh.
1 December 2022, 11:36 AM

BB unlikely to remove interest rate cap anytime soon

Bangladesh Bank is unlikely to lift the interest rate cap on bank loans anytime soon, BB Governor Abdur Rouf Talukder said today.
1 December 2022, 09:41 AM

Economy faces tough challenges: economist

Bangladesh’s economy is facing tough macroeconomic challenges originating from a higher imbalance in its external account, depleting foreign exchange reserves, and an elevated inflation, said a noted economist today.
1 December 2022, 07:51 AM

Pabna BSCIC Industrial Estate: Heavy industries settling in after food processors

Starting off in 1962, the Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Pabna had initially drawn small investors, taking shape as one of the district’s biggest food processing hubs. 
1 December 2022, 05:10 AM

Narrow USD rate gap between formal and informal channels

The government should narrow the gap between informal and formal rates of the US dollar against the taka with a view to attracting remittances through official channels and augmenting foreign currency reserves, a noted economist said recently.   
1 December 2022, 04:10 AM