The privately-owned BM Container Depot yesterday resumed handling export cargoes, albeit on a limited scale, after receiving permission from the customs authority to handle only garment shipments for the next three months.

The steel manufacturing plants in Bangladesh are less polluting and the lowest carbon emitters compared to the largest producers globally, mainly for the melting process followed locally and the efficient consumption of energy and water, said a top industrialist.  

Reducing the regulatory duty on sugar imports from 30 per cent to 10 per cent could stabilise sugar prices in the domestic market, according to a report by the Bangladesh Trade and Tariff Commission (BTTC).

Cyclone Sitrang is over and the weather is forecast to be sunny today. But for thousands of people in Bangladesh, including farmers, it is rather gloomy. 

Daily essential commodity and raw material importers have called for proper management in the ports to bring an end to the harassment of the customs and shipping agents.

The government should rationalise the existing tariff structure, as Bangladesh will face a few challenges in case of giving subsidies after its graduation to a developing nation, said Rizwan Rahman, president of Dhaka Chamber of Commerce and Industry (DCCI).

Bangladesh Bank yesterday relaxed loan repayment policy for sick industries enlisted by the commerce ministry such that the beleaguered businesses can refund their loans on easy conditions.

Beacon Pharmaceuticals Limited posted an 8.3 per cent higher profit at Tk 93.56 crore in the financial year that ended on June 30. 

The US Agency for International Development (USAID) yesterday launched a new digital commerce cybersecurity campaign that will provide businesses with the information and tools needed to counter potential cybersecurity risks in e-commerce.

The ongoing shortage of US dollars has created a tough situation for some banks in Bangladesh as they are finding it difficult to clear import payments on time, tarnishing the country’s image in the international market. 

The Premier Bank Limited celebrates its 23rd anniversary today. Set up in 1999, it is one of the strongest banks in Bangladesh today with the lowest non-performing loan ratio. Its deposit base and loans have expanded in the last two decades. Recently, M Reazul Karim, managing director of Premier Bank, spoke about the bank’s journey, digital banking and new challenges and opportunities for banks, during an interview with The Daily Star. 

The sharp rise in the rate of inflation witnessed in recent months is worrisome for at least two reasons: it is bad for investment decisions and economic growth, as well as for low-income people, especially those with fixed incomes.

The Insurance Development and Regulatory Authority (IDRA), the sole regulatory body for insurance companies in Bangladesh, has identified nine issues that are impeding growth in the country’s non-life insurance sector.

Agroshift, a Bangladeshi agri-tech that enables businesses to source directly from farmers, has announced it has raised $1.8 million in funding, making it the largest-ever pre-seed round for any startup in the country.  

Cyclone Sitrang has affected 33,000 hectares of transplanted Aman paddy crop and washed away fish and shrimps mainly in the southern coastal districts, officials said yesterday.  

A three-day trade show will begin in the capital from tomorrow to showcase American products and services in Bangladesh and give a boost to bilateral trade. 

MJL Bangladesh Ltd reported a 15.53 per cent year-on-year decline in profit at Tk 201.45 crore in the financial year that ended on June 30. 

Quasem Industries Ltd made Tk 3.56 crore profit in the financial year that ended on June 30, down more than 61 per cent from a year earlier.   

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  

Mobile financial service provider Nagad and North South University (NSU) signed a memorandum of understanding (MoU) yesterday to conduct leadership training programmes and research to contribute to women empowerment and gender equity.