Farmers in Barguna inspired by single success

Former expat Habibur Rahman Matubbar, a resident of Kewabunya village under Amtali upazila in Barguna, has been enjoying great success in cultivating malta on his 15 bighas of land for the past seven years or so.
18 September 2022, 02:40 AM

Imported steel still visually assessed for duty

The National Board of Revenue (NBR) has no definite guideline on grading steel, prompting duty evasion through underinvoicing and adoption of other unfair means by dishonest importers, depriving the government of hundreds of crores of taka in revenue each year. 
18 September 2022, 02:20 AM

Listed firms build huge reserve of Tk 153,000cr

Listed companies in Bangladesh have built up reserves of Tk 153,000 crore collectively from their respective earnings for use in expansion and to weather out rainy days, when they would otherwise be forced to raise fresh funds from investors or borrow from lenders. 
18 September 2022, 02:10 AM

Businesses welcome move to allow yuan

Businesses yesterday welcomed Bangladesh Bank’s clearance to settle payments for international trade through Chinese yuan to cut excessive dependence on the US dollar but said implementation will be challenging.
17 September 2022, 18:00 PM

Digital payments to ease lending to small businesses

Accepting digital payments through personal retail accounts could pave the way for local cottage, micro, small and medium enterprises (CMSMEs) to avail loans from official banking channels, according to experts.
17 September 2022, 18:00 PM

China’s property woes deepen

Woes in China’s property market worsened in August, with official data showing home prices, sales and investment all falling in August, as a mortgage boycott and developers’ financial strains further hurt confidence in the sector.
17 September 2022, 18:00 PM

Growing supply tamps down hog plum prices

If you travel through the canals of southern Barishal, particularly those in the Pirojpur and Jhalkathi districts, you will see hog plum fields on either side with trawlers and trucks filled with the fruit passing alongside.
16 September 2022, 03:30 AM

First marine fishing policy looks to spur mariculture

For the first time, the government has framed a separate policy for marine fishing in order to ensure sustainable fishing and conserve the resources through proper management, according to a notification from the fisheries and livestock ministry.
16 September 2022, 03:15 AM

Bar on ex-MD of FAS Finance from leaving country

The immigration service of Bangladesh Police has imposed an embargo on Pritish Kumar Sarker, a former managing director of the FAS Finance and Investment, from leaving Bangladesh over his alleged involvement in financial scams. 
16 September 2022, 03:05 AM

Sweater exporters in hot water

Sweater suppliers in Bangladesh are witnessing relatively a dull season because of a longer-than-usual dry spell in European countries and the higher cost of living fueled by the Russian-Ukraine war. 
16 September 2022, 02:00 AM

Saidpur airport to boost trade with Bhutan: Munshi

Increased use of Saidpur airport by the neighbouring countries, including Bhutan, will increase Bangladesh’s regional trade, Commerce Minister Tipu Munshi said today.
15 September 2022, 18:00 PM

Steel building makers get more time to clear import payments

Bangladesh Bank yesterday announced that makers of prefabricated steel structures will now have almost a year to clear their letters of credit for raw material imports in a bid to facilitate growth in the industry.
15 September 2022, 18:00 PM

Summit Power’s profit falls 26pc

Summit Power Ltd (SPL) posted a 26.28 per cent lower profit in the financial year that ended on June 30.    
15 September 2022, 18:00 PM

Does Bangladesh need a separate digital bank?

Since I started my consultancy operation, my initial focus was on the areas of digital transformation of banks.    
15 September 2022, 18:00 PM

Beef up project execution

The Asian Development Bank (ADB) yesterday urged Bangladesh to double its efforts in enhancing project implementation so that potential benefits of any development can come early.
15 September 2022, 18:00 PM

Virtual currencies not allowed

Bangladesh Bank yesterday reiterated that it does not allow holding or trading of any kind of virtual coin or cryptocurrency in the country. 
15 September 2022, 18:00 PM

Garment export to Japan rises 26pc in Jul-Aug

Riding on strong demand for apparel items made in Bangladesh, the shipment of garments to Japan, a promising Asian export destination, rose 25.81 per cent year-on-year to $217.53 million in July-August.
15 September 2022, 18:00 PM

ADB portfolio in Bangladesh doubles in 7 years to $11.3b in 2022

ADB’s sovereign portfolio in Bangladesh grew to $11.3 billion as of August 2022, increasing from $6.5 billion in 2015, according to a news release issued by ADB in Bangladesh.
15 September 2022, 12:56 PM

Foreign aid use up 1.57pc in Jul-Aug

Foreign assistance utilisation by the government has gone up by 1.57 per cent year-on-year during the first two months of the current fiscal year, thanks to improvements in the use of project aid. 
15 September 2022, 03:00 AM

Transit deal with Bhutan edges closer to reality

A transit agreement between Bangladesh and Bhutan was finalised yesterday with senior officials of both countries agreeing to draft terms and conditions at a secretary level meeting in Dhaka. 
15 September 2022, 02:50 AM