Banks to get BB protection for default loans

Banks will be able to get back a majority of loans from a Bangladesh Bank credit guarantee scheme (CGS) if borrowers default on loans taken from a small and medium-sized enterprises (SME) refinance scheme of Tk 25,000 crore.
22 November 2022, 18:00 PM

Banks asked to disburse more farm loans than target

Bangladesh Bank yesterday asked private banks to speed up their farm loan disbursements to enhance the country’s food security.
22 November 2022, 18:00 PM

Inflation going down, remittance on rise: MA Mannan

Planning Minister MA Mannan today said the economy can breathe a sigh of relief as inflation is going down and flow of remittance is on the rise.
22 November 2022, 10:11 AM

Mongla port: Construction of ferry ghat between LPG jetties poses risks

Traders have expressed concern over the construction of a ferry slip between two jetties that are used to unload liquid petroleum gas (LPG) in Mongla Port, the second largest seaport in Bangladesh.
22 November 2022, 04:30 AM

3rd submarine cable’s cost set to rise 50pc

The cost of Bangladesh’s third submarine cable project is set to increase by 52.23 per cent as double the bandwidth capacity is being availed while dollar prices are soaring. 
22 November 2022, 04:00 AM

SIBL focuses on grassroots to build up deposit base

Social Islami Bank Ltd (SIBL) is focusing on small depositors and millions of unbanked people in order to build a strong deposit base.
22 November 2022, 03:30 AM

Can we dream of becoming a homeowner?

I have been living in a house for more than 20 years. Though it is not mine, I’m happy. I could be happier if I could purchase a flat.    
22 November 2022, 03:00 AM

Power tariff hike will add to woes

The decision to increase the wholesale price of electricity by 19.92 per cent to Tk 6.20 per unit has raised concerns among businesses who say consumers may soon have to bear the added burden.
22 November 2022, 02:30 AM

Firms go slow on investments amid crisis

Firms, both local and foreign, have put on hold their investments in Bangladesh owing to the surge in the dollar price, the energy crisis, the escalated cost of production, and the deep uncertainty caused by the Russia-Ukraine war. 
22 November 2022, 02:00 AM

Citizens Bank unveils Citizens Joyita

Citizens Bank recently launched a “Citizens Joyita” product, hoping to spur female customers across different segments to become even more savings oriented for its competitive rate of return. 
21 November 2022, 18:00 PM

Friendly policies helping industries: Electro Mart MD

The government’s industry-friendly policy is helping industries sustain themselves and hopefully more products with the “Made in Bangladesh” tag will be exported abroad, said Electro Mart Managing Director Md Nurul Amin.  
21 November 2022, 18:00 PM

Simplify visa, passport processing

The process of securing visas and passports should be simplified with the cooperation of various countries to boost Bangladesh’s trade volume, according to Planning Minister MA Mannan.
21 November 2022, 18:00 PM

Jamuna Bank gets nod for exchange house in Spain

Jamuna Bank Limited has received approval from the Bangladesh Bank to establish an exchange house in Spain.
21 November 2022, 18:00 PM

Minimise your tax, maximise your wealth

Abdul Karim is not worried about the tax liability of Tk 51,500 because he has invested enough money in the specified areas and he knows that an investment allowance is the legal way to get a tax rebate. And this tax credit will help him reduce the tax significantly.
21 November 2022, 02:40 AM

Jersey sales surge as football fever grips fans

Jersey sales have surged in Bangladesh despite the cost-of-living crisis as fans are gearing up to watch the FIFA World Cup 2022 in style.  
21 November 2022, 02:30 AM

Fresh potato prices far higher than previous years

Farmers are enjoying good sales of early harvest potatoes, which cost an astonishing Tk 400 per kilogramme (kg) after hitting markets in Dinajpur and its neighbouring districts by the end of last week.
21 November 2022, 02:20 AM

Investors flocking to private economic zones

Twelve private economic zones in Bangladesh have received good responses from investors drawing investment proposals involving $4.27 billion from local and foreign entrepreneurs in the past six years.
21 November 2022, 02:10 AM

Bangladesh’s share in global RMG trade to rise this year BGMEA says

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) is hopeful that the country’s share in the global apparel market may reach 8 per cent within this year as international clothing retailers and brands are coming here with new work orders.
20 November 2022, 18:00 PM

PM opens 14 factories at economic zones

Prime Minister Sheikh Hasina yesterday inaugurated the comme-ncement of commercial production at 14 industrial units while also announcing the establishment of 29 others in public and private economic zones to encourage planned industrialisation in Bangladesh.
20 November 2022, 18:00 PM

Bashundhara’s concern to buy 25pc CSE stakes

ABG Ltd, a concern of Bashundhara Group, signed an agreement with the Chittagong Stock Exchange (CSE) yesterday to buy a 25 per cent stake in the bourse in line with a demutualisation process. 
20 November 2022, 18:00 PM