Steel industry to heat up as new players joining race

Bangladesh’s steel industry is set to see the entry of a couple of large business houses while several existing steelworks are looking to expand their capacities in order to gain from the rising demand for the key construction material.
30 October 2022, 02:00 AM

Awareness on sustainability reporting needed

Only 58 companies in Bangladesh file sustainability reports and therefore mass awareness needs to be generated so that corporates are prompt to disclose the reports voluntarily, said analysts and entrepreneurs yesterday. 
29 October 2022, 18:00 PM

Shrimp farmers still rely on disease-infested fries

Shrimp farmers across the country have to rely on disease-infested post-larvae in absence of quality shrimp fries which affects overall production and puts a damper on higher export prospects.
29 October 2022, 18:00 PM

Rupayan to hand over 477 Uttara condo

Rupayan City Uttara in a press conference yesterday announced it would soon hand over to customers some 477 flats of 2,100 square feet to 3,150 square feet of condominium “Rupayan Grand” in Uttara. 
29 October 2022, 18:00 PM

Brac Bank spurs legal remittance channels at UAE festival

Brac Bank took part in a “Remitters’ Festival-2022” at Expo Centre Sharjah in the UAE recently which was aimed at encouraging expatriates to send their hard-earned money home through legal channels, especially banking channels. 
29 October 2022, 18:00 PM

Congenial ecosystem needed for startups to thrive

Startups are doing relatively well in Bangladesh but their success rate is not quite satisfactory owing to problems from a lack of access to finance to age-old valuation process to a dearth of private equity and incubation, said speakers and industry people yesterday.  
29 October 2022, 18:00 PM

Small mills suffer for low quality of raw jute

Production has slowed at small jute mills in northern regions of Bangladesh due to low quality of raw jute resulting from problems in retting during harvest, according to market players.
28 October 2022, 02:20 AM

FDI flow soars: 37pc despite economic jitters

Net foreign direct investment to Bangladesh rose 37 per cent year-on-year to $3.43 billion in the last fiscal year, a positive development for the economy amidst the ongoing foreign exchange volatility.
28 October 2022, 02:00 AM

Fast-track national social security strategy

Bangladesh should quickly implement its national social security strategy (NSSS) to ensure the maximum coverage of vulnerable people, including women and children, according to an economist.
27 October 2022, 18:00 PM

Payra port capital dredging kicks off

Capital dredging at Payra port began today just after the inauguration of the project by Prime Minister Sheikh Hasina, said Rear Admiral Mohammad Sohail, chairman of the Payra Port Authority.
27 October 2022, 18:00 PM

US Trade Show kicks off in Dhaka

A three-day US Trade Show kicked off to showcase American companies’ products at Pan Pacific Sonargaon in Dhaka yesterday.
27 October 2022, 18:00 PM

Falling currencies may deepen global food, energy crises

The shrinking value of the currencies of most developing economies is driving up food and fuel prices in ways that could deepen the food and energy crises that many of them already face, the World Bank said in its latest Commodity Markets Outlook report.
27 October 2022, 18:00 PM

Malek Spinning logs profit of Tk 72cr

Malek Spinning Mills Ltd reported a profit of Tk 72.01 crore in the last financial year of 2021-22, up 10.70 per cent year-on-year. 
27 October 2022, 18:00 PM

Domestic help key to happiness!

In our childhood home in the old town of the 1970s, we had quite a large number of domestic helps. The scale of domestic work was also at another level with a green backyard of domestic cattle and poultry, not to mention the endearing cats and dogs.  
27 October 2022, 18:00 PM

No EU-Bangladesh FTA in foreseeable future

There is no possibility of signing a free trade agreement (FTA) with Bangladesh in the foreseeable future because of the complexity related to the issue as well as bloc’s lack of interest,
27 October 2022, 18:00 PM

Govt to offer Tk 137cr incentive for winter crop

The government will give Tk 137 crore incentive to the farmers to encourage them grow winter crops, including wheat, maize, mustard, sunflower, onions and pulses, in the current year, the agriculture ministry said yesterday.
27 October 2022, 18:00 PM

NBR to access DPDC database to hunt tax evaders

The National Board of Revenue (NBR) yesterday signed a memorandum of understanding (MoU) with the state-owned Dhaka Power Distribution Company (DPDC) at the former’s headquarters to gather information on electric meter holders in the capital as a part of its efforts to hunt down tax-dodgers and expand the tax net.
27 October 2022, 18:00 PM

Anjuman and Aziz Charitable Trust joins Unicef’s Int’l Council

The United Nations International Children’s Emergency Fund (Unicef), now officially the United Nations Children’s Fund, made a four-year partnership with the Anjuman and Aziz Charitable Trust (AACT) of Bangladesh recently.
27 October 2022, 18:00 PM

Nagad, SWAP offer bonus

Nagad and re-commerce brand SWAP have launched a new campaign titled “Nagad deal-e beshi laav” on the occasion of the ICC T20 World Cup.
27 October 2022, 18:00 PM

Global telecom infrastructure industry getting ready for 5.5G

The telecom infrastructure industry is bracing for the technology of the future as it has already made significant progress in this regard and is ready to make the leap to 5.5G, which promises ten-times faster performance than 5G.
27 October 2022, 03:20 AM