StanChart Asia CEO visits Bangladesh

The chief executive officer for Asia at Standard Chartered, Benjamin Hung, arrived in Dhaka earlier this week on his first two-day official visit to Bangladesh. 
20 September 2022, 18:00 PM

StanChart, LankaBangla offer stock trading platform

Standard Chartered Bangladesh and LankaBangla Securities signed an agreement recently to offer a digital platform enabling capital market investors to transfer funds to their beneficiary owners (BO) account.  
20 September 2022, 18:00 PM

Bangladesh to get ADB’s $2b this fiscal year

The Asian Development Bank (ADB) is working to hand over $2 billion in loan assistance to Bangladesh by the current fiscal year, ADB Country Director Edimon Ginting said today.
20 September 2022, 18:00 PM

Six firms to invest $457m in pharma, hospitality

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar.
20 September 2022, 18:00 PM

3 Orion firms see unusual price hike of stocks

Stocks of Orion Infusion soared more than five times in recent months despite having low earnings per share and repeated warnings from the company that it has no undisclosed information that could have spurred such an abnormal rise.
20 September 2022, 18:00 PM

BB issues guideline for green bond rollout

Bangladesh Bank yesterday issued guidelines for the rollout of green bonds to facilitate sustainable investment of banks and non-banks to tackle the adverse impacts of climate change. 
20 September 2022, 18:00 PM

Steel industry suffering from 50pc slump in sales

The steel industry in Bangladesh is currently witnessing a steep drop in sales as the depreciation of taka against US dollar has hiked production costs at a time when consumers are unwilling to pay higher prices for the key construction material.
20 September 2022, 02:50 AM

Customs seeks explanations from BM Container

Custom House Chattogram has served a notice to BM Container Depot asking why its private bonded warehouse licence should not be cancelled following the recent deadly explosions and fire inside it.
20 September 2022, 02:20 AM

Foreign funds in stocks flying off amid forex worries

Foreign investors in Bangladesh’s stock market are selling shares en masse as the local currency’s depreciation against the US dollar coupled with various policy changes over the past few years has lowered their confidence in securing adequate returns. 
20 September 2022, 02:10 AM

Formulate Ctg port-centric logistics policy

Bangladesh should formulate a national logistics policy, which will help build an integrated logistics system centring the Chattogram port, experts said yesterday.
19 September 2022, 18:00 PM

National Life premiums payable on Nagad

National Life Insurance Company recently signed an partnership agreement with Nagad to collection premiums through the mobile financial service provider. 
19 September 2022, 18:00 PM

Policy on cards for cross-border electronic transmissions

The government is going to formulate a policy on cross-border electronic transmissions in a bid to help guide the country’s thriving e-commerce industry in this regard, according to a senior official of the commerce ministry.
19 September 2022, 18:00 PM

Shwapno expanding footprint abroad

Shwapno has started expanding its footprint abroad as fresh vegetables and fruits have now been sent to two new destinations.  
19 September 2022, 02:40 AM

New headache: Private firms’ foreign loans jump to $26b

The amount of foreign loans availed by the private sector in Bangladesh has been swelling fast since 2020, creating a major headache for the country’s economy at a time when its foreign exchange reserves are plummeting.
19 September 2022, 02:10 AM

Up to Tk 20 lakh loans without proof of return submission

The National Board of Revenue (NBR) yesterday said micro and small businesses that have no taxable income are not required to show proof of tax return submission to get up to Tk 20 lakh in loans.
18 September 2022, 18:00 PM

Tri-nation firm Gava to invest $25.62m in Dhaka EPZ

Gava Private Limited, a company owned by Hong Kong, Sri Lanka and Switzerland, is going to invest $25.62 million at Dhaka Export Processing Zone (DEPZ) to set up a garment manufacturing industry.
18 September 2022, 18:00 PM

Bank finance to livestock farming remains low

Despite continued growth and huge prospects of the livestock sector, financing by banks to boost investment in farming remains low.
18 September 2022, 18:00 PM

Gas shortage chokes textile millers

Textile millers across the greater Gazipur, Sreepur and Bhaluka industrial belt yesterday urged the state minister for energy, power and mineral resources to put an end to their perennial gas crisis, which is currently preventing them from continuing smooth production.
18 September 2022, 18:00 PM

Sanitaryware sales rising in rural areas

Just two decades ago, one could hardly hope to see a well-furnished bathroom in the country’s semi-urban and rural areas.
18 September 2022, 03:10 AM

Looming food crisis and our readiness

Of late, the food prices have skyrocketed affecting the people in low and middle-income countries more. Domestic food price inflation reaches record high across the globe.
18 September 2022, 03:00 AM