Mymensingh BSCIC: Businesses irked by rising costs of raw materials

Businesses at the Bangladesh Small and Cottage Industry Corporation’s (BSCIC) industrial estate in Mymensingh are feeling the bite of higher raw material costs coupled with rampant load-shedding, according to various entrepreneurs.
7 November 2022, 02:40 AM

Cost, time overruns persist as projects seek revisions

One project is seeking higher allocation, one deadline extension and three are requesting both as the government is set to place seven projects at a meeting of the Executive Committee of the National Economic Council (Ecnec) tomorrow for approval.
7 November 2022, 02:20 AM

Used car import soars despite dollar crisis

Reconditioned car imports surged by more than 75 per cent year-on-year in July-October despite the ongoing economic uncertainty and the government’s efforts aimed at discouraging the purchases of luxury items from external sources, traders say.  
7 November 2022, 02:10 AM

FBCCI, USDA sign deal on sharing agri information

Bangladesh has barely tapped its potential in the global market for agricultural and agro-processed products as the country does not have an international certification system, according to Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
6 November 2022, 18:00 PM

Remittance sending gets cheaper

Banks in Bangladesh yesterday decided to withdraw the service charge on remittance with a view to giving a boost to the inflow of money sent by expatriate Bangladeshis. 
6 November 2022, 18:00 PM

Associated Oxygen to issue Tk 250cr bond for expansion

Associated Oxygen Limited has decided to issue a convertible bond worth Tk 250 crore for its business expansion.  
6 November 2022, 18:00 PM

Cadet college application fee can be paid thru bKash

Admission seekers of 12 cadet colleges including three girls’ cadet colleges can pay application fee through bKash.
6 November 2022, 18:00 PM

Genex Infosys to supply electronic fiscal devices

Genex Infosys Limited said its board has approved an agreement with the National Board of Revenue to distribute electronic fiscal devices (EFDs) and sales data controllers (SDCs) among retailers and wholesalers. 
6 November 2022, 18:00 PM

Unsold potatoes from last year: Farmers, traders counting losses

Md Shafiqul Islam, a potato trader in Dinajpur, kept around 2,000 bags of potatoes in cold storage this year in hopes of recovering his losses from the previous season.
6 November 2022, 03:30 AM

RFL makes foray into Tk600cr spray paint market

RFL Group yesterday launched Rainbow Spray Paint to grab a pie of the Tk 600 crore local market and cut the country’s import dependency for the product.   
6 November 2022, 03:20 AM

Bicycle exports on the decline

Bicycle exports from Bangladesh declined year-on-year in the first four months of the current fiscal year apparently for shrinking demand in Europe propagated by the war-induced cost-of-living crisis.
6 November 2022, 03:00 AM

CMSMEs bear the brunt of load-shedding

Industries outside Dhaka, especially cottage, micro, small and medium enterprises (CMSMEs), are suffering the most from load-shedding due to the lower capacity of the Rural Electrification Board (REB), said the chief of the country’s apex trade body.
6 November 2022, 02:40 AM

Savers on the receiving end again

The Bangladesh Bank has decided to withdraw the interest rate floor on retail term deposits which had been set by banks equivalent to the average inflation rate of the immediate past three months, said bankers.
6 November 2022, 02:20 AM

BB eases cap on lending interest after 31 months

The Bangladesh Bank has decided to raise the interest rate on consumer loans to 12 per cent from 9 per cent after economists have long called for the withdrawal of the cap on all loans to contain inflation. 
6 November 2022, 02:10 AM

Project success sharing to boost skills: Industries Minister

Experiences of projects implemented successfully should be shared to give a boost to effective management skills which will contribute to the economy’s growth, said Industries Minister Nurul Majid Mahmud Humayun yesterday. 
5 November 2022, 18:00 PM

StanChart Digital Trade Counter wins award

A Digital Trade Counter (DTC) of Standard Chartered Bangladesh has recently been accorded a “Digital Experience of the Year-Banking” award at Asian Experience Awards 2022 by magazine Asian Business Review. 
5 November 2022, 18:00 PM

India allows sugar exports of 6m tonnes

India will allow the export of 6 million tonnes of sugar in 2022/23, in line with market expectations, as the country’s production is set to jump to a record high for the second straight year, the government said in on Saturday.
5 November 2022, 18:00 PM

Govt working to stop manipulators: Munshi

A section of unscrupulous traders has been trying to make the basic commodity market unstable by creating a syndicate after the international prices of essentials went up, Commerce Minister Tipu Munshi said yesterday.
5 November 2022, 18:00 PM

GPH launches high-grade steel rebar

GPH Ispat Limited, a steel manufacturer in Bangladesh, yesterday launched its high-grade steel rebar product, which will be used in the country’s mega construction projects.
5 November 2022, 18:00 PM

Confidence Infrastructure in Tk 32cr deal

Confidence Infrastructure and China’s Hong Xiang New Geo-Material Company have signed a Tk 32 crore agreement with Bangladesh Water Development Board to implement a project on protecting parts of the Jamuna river’s banks from erosion. 
5 November 2022, 18:00 PM