Apex Footwear’s profit jumps over 31pc

Apex Footwear Limited’s profit jumped more than 31 per cent year-on-year in the financial year that ended on June 30, 2022. 
2 October 2022, 18:00 PM

How do we make public enterprises accountable?

Whether it is semi-controlled or self-censored media, corridor discussions or even Transparency International Bangladesh reports, we have been hearing about corruption in the public enterprises and inaction by the subsequent governments for the last many years.  
2 October 2022, 18:00 PM

Businesses express frustration over harassment

Businesspeople are frustrated with a section of government officials who harass them when they try to obtain trade licences, and cause delays in releasing goods from ports and renewal of trade documents.
2 October 2022, 18:00 PM

MFS accounts go past 18cr mark

The mobile financial service (MFS) sector in Bangladesh has been on a tear, with the number of accounts surpassing the 18-crore mark for the first time in July. 
2 October 2022, 03:00 AM

Tax collection from interest earnings slows sharply

Although banks are registering increased deposits, tax collection from interest earnings of savers has slowed down significantly amid the fall of the interest rate.
2 October 2022, 02:50 AM

School banking gaining traction

School banking is increasingly gaining popularity among students, exemplified by total deposits in such accounts surpassing Tk 2,300 crore in July despite ongoing economic hurdles such as rising inflation. 
2 October 2022, 02:40 AM

Apparel export to EU: Bangladesh poised to overtake China

Bangladesh is poised to overtake China in garment exports to Europe, the world’s largest market, anytime in the near future for work orders shifting its way and its price competitiveness. 
2 October 2022, 02:20 AM

5,200 factories inspected by FBCCI, Bida in last one year

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) along with Bangladesh Investment Development Authority has inspected some 5,200 local factories in the last year to ensure workplace safety.
1 October 2022, 18:00 PM

FY23 budgetary measures to dent revenue base further: Fitch

The current low revenue base in Bangladesh could be further undermined by the measures taken in the budget for FY2023, including corporate tax cuts, American credit rating agency Fitch said in its latest report.
1 October 2022, 18:00 PM

Concord, Bepza sign MoU

Concord Entertainment Company and Bangladesh Export Processing Zones Authority (Bepza) recently signed a memorandum of understanding.
1 October 2022, 18:00 PM

Homogeneous policies to ensure cheaper egg, meat

Homogenous policy supports throughout the agriculture sector, instead of providing advantages to just growing crops, can substantially bring down egg and meat prices for end-consumers, said entrepreneurs. 
1 October 2022, 18:00 PM

Metaverse and the future of banking

When the term “metaverse” was first used around 30 years ago by Neal Stephenson, an American speculative fiction writer, in his science-fiction novel, Snow Crash, he could barely have anticipated that the term would be on everyone’s lips in 2022.  
1 October 2022, 18:00 PM

5pc rice wasted if polished into finer variety

The polishing of rice into a finer variety with a view to attracting higher prices is proving costlier for the country since a sizable volume of grain is wasted whereas prices remain high and imports are required to meet domestic demand. 
1 October 2022, 18:00 PM

Do more to keep financial inclusion momentum going

Bangladesh should do more to keep up its momentum in the area of financial inclusion, expand access and bridge the gender gaps that persist, said a top official of the International Monetary Fund (IMF).  
30 September 2022, 03:00 AM

PHP launches soundproof glass production

PHP Family, a Chattogram-based business group, launched soundproof glass production yesterday as a part of its expansion aiming to meet the demand for sound protective and energy efficient glass.
30 September 2022, 02:50 AM

Progress moderate in ending child labour

Bangladesh made moderate advancements last year in efforts to eliminate the worst forms of child labour, according to a report of the US Department of Labor published on Wednesday.
30 September 2022, 02:20 AM

BB hikes key interest rate by 25 basis points

The Bangladesh Bank yesterday raised its benchmark interest rate by 25 basis points to 5.75 per cent as it stepped up its fight against inflation, which is running at a multi-year high.  
30 September 2022, 02:10 AM

Meghna EZ drawing Swiss investment

Sika Bangladesh, a subsidiary of Switzerland-based construction chemical manufacturer Sika Group, is investing $6 million setting up a 10,000-square metre factory in Meghna Industrial Economic Zone (Miez) in Sonargaon of Narayanganj. 
29 September 2022, 18:00 PM

BB nod must for NBFIs to lend to subsidiaries

Non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.   
29 September 2022, 18:00 PM

Solar outage may disrupt TV broadcasting

Television broadcasts of local channels could be disrupted for a total of 81 minutes from tomorrow to October 7 as the sun could be in direct line with Bangabandhu Satellite-1, disrupting the signal of the satellite.
29 September 2022, 18:00 PM