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

Wheat prices fall 8pc globally in October

After posting an increase two weeks earlier, wheat prices declined by 8 per cent globally in October, driving the decline in the cereal price index, according to the World Bank’s Food Security Update.  
4 November 2022, 03:10 AM

Only 8 treasury bonds, bills traded in 19 days

Eight treasury bonds and bills have changed hands on the secondary market in the last 19 working days since the trading was allowed on October 10. 
4 November 2022, 03:00 AM

Govt to buy 115,000 tonnes of fertilisers

The cabinet committee on government purchase (CCGP) yesterday gave the nod to buy 115,000 tonnes of fertiliser from two Middle Eastern countries to increase fertiliser stock for producing crops in the coming seasons.
4 November 2022, 02:50 AM

Rajbari’s yogurt maker helps local economy grow

Md Niamul Islam did not like to eat the yogurt or curd sold at sweetmeat shops. So, he tried to make it himself at home using  his own cow’s milk. Little did he know that this effort would one day make him an entrepreneur.
4 November 2022, 02:40 AM

State lenders asked to improve health as IMF raises concerns

The Bangladesh Bank yesterday asked four state-owned commercial banks to improve their financial health by containing defaulted loans and broadening capital base after the International Monetary Fund (IMF) expressed concerns about their weak conditions. 
4 November 2022, 02:20 AM

F-commerce plagued by three-pronged crisis

Many Facebook-based platforms, which have sprouted in Bangladesh since the beginning of the coronavirus pandemic, are struggling to survive owing to the spike in raw material prices and decline in sales amid the global economic downturn.
4 November 2022, 02:10 AM

New local carrier Air Astra to spread wings this month

Air Astra will start operation this month as the new private Bangladeshi airline received the go-ahead from the Civil Aviation Authority of Bangladesh (CAAB) yesterday.
3 November 2022, 18:00 PM

The art of bribery

I know of a deputy managing director of a financial institution who has a fascination for driving fancy cars, something that most young kids dream of.  
3 November 2022, 18:00 PM

Islamic banking poised to expand

Islamic banking is set to grow from the current level in Bangladesh, which will offer a huge opportunity to banks and financial institutions and accelerate financial inclusion, said Sabbir Ahmed, head of retail banking of Standard Chartered Bangladesh. 
3 November 2022, 02:50 AM

IMF calls for tariff rationalisation

International Monetary Fund (IMF) has advised the government to rationalise the existing tariff structure by reducing various types of para and non-tariff barriers to improve competitiveness of domestic industries. 
3 November 2022, 02:40 AM

State-owned sugar mills: Closed to cut costs but continue to incur loss

Six loss-making sugar mills owned by the state were shuttered in 2020 so that they may undergo modernisation and eventually become commercially viable once again.
3 November 2022, 02:20 AM

Fair on lifts begins at ICCB today

The 4th edition of a Global Lift and Escalator Expo-2022 begins at International Convention City Bashundhara in Dhaka today. 
2 November 2022, 18:00 PM

Energy crisis chips away at Europe’s industrial might

Europe needs its industrial companies to save energy amid soaring costs and shrinking supplies, and they are delivering - demand for natural gas and electricity both fell in the past quarter.
2 November 2022, 18:00 PM

Germany primes energy price cap

Germany on Wednesday put the finishing touches on an energy price cap, the cornerstone of a massive 200-billion-euro ($198-billion) package to shield households and businesses from rising costs.
2 November 2022, 18:00 PM

StanChart, IBA launch innovation challenge for enterprising youths

Standard Chartered Bangladesh and the Institute of Business Administration (IBA) have recently announced the launch of the Standard Chartered-IBA Innovation Challenge.
2 November 2022, 18:00 PM

People’s income has not risen in line with inflation

People’s income has not increased the same way inflation has risen in the country, Planning Minister MA Mannan said yesterday.
2 November 2022, 18:00 PM

Zaheen Spinning extends losses

Zaheen Spinning Limited incurred a loss of Tk 14.57 crore in the year that ended on June 30, extending its losses to three years.  
2 November 2022, 18:00 PM

Shipping Corp plans to buy four ships

Bangladesh Shipping Corporation (BSC) secured a massive jump in profits in fiscal year 2021-22, following which it now plans to buy four ships for the smooth sailing of the business momentum into the future.
2 November 2022, 18:00 PM

Remitters to get Tk 107 per dollar for sending fund thru banks

Migrant workers and non-resident Bangladeshi will get Tk 107 per US dollar for sending the greenback through banks and exchange houses, according to a decision of the Bangladesh Foreign Exchange Dealers’ Association (Bafeda) early this week.
2 November 2022, 18:00 PM