Sugar, lentil: Traders make higher profit from sales in packets

Businesses are making a higher profit from selling sugar and lentil in packages, breaching the rules of essential commodity distribution and affecting consumers, said a Bangladesh Trade and Tariff Commission (BTTC) report. 
22 August 2022, 03:00 AM

Export diversification goes nowhere as govt project limps

A Tk 9.95 crore project of the commerce ministry aimed at expanding the country’s export basket and reducing import dependency has failed to meet its deadline for a second time due to the slow pace of implementation.
22 August 2022, 02:15 AM

Dollar driven to five-week high by Fed rate hike forecasts

The US dollar index hit a five-week high and was on track for its biggest weekly gain since April 2020 on Friday as investors adjusted for the likelihood that the Federal Reserve will keep hiking rates to battle inflation.
21 August 2022, 18:00 PM

Fresh fuel blow to Europe

Russia will halt natural gas supplies to Europe for three days at the end of the month via its main pipeline into the region, state energy giant Gazprom said on Friday, piling pressure on the region as it seeks to refuel ahead of winter.
21 August 2022, 18:00 PM

Spare businesses from stiff policies

Businesses yesterday urged the government to spare them from stiff policies as they were navigating through difficult times for the ongoing energy and dollar crisis, inflation and increasing order cancellations. 
21 August 2022, 18:00 PM

Carew sees record sales in FY22

The 84-year-old Carew & Co (Bangladesh) Limited, a state-owned distillery located in the Darshana area of Chuadanga’s Damurhuda upazila, registered record sales in fiscal 2021-22 thanks to increased demand for its distillery products.
21 August 2022, 04:00 AM

Bangladesh poised to be a big payment market

Bangladesh’s payment ecosystem is poised to leapfrog to become a very large substantial payment market within the South Asia and Asia Pacific region in the next few years, said Vikas Varma, chief operating officer for South Asia at Mastercard.
21 August 2022, 03:45 AM

Patenga Container Terminal: Govt to use IFC advice on appointing operator

Already in talks with a Saudi investor interested in running the newly built Patenga Container Terminal (PCT), Bangladesh recently signed an agreement with International Finance Corporation (IFC) to advise on the modus operandi.
21 August 2022, 03:30 AM

Tk 50cr project to perk up muslin

The government has lined up a roughly Tk 50 crore project aimed at developing and expanding the production of muslin fabrics in the country.
21 August 2022, 03:15 AM

Call for entries for ‘A better tomorrow CSR award’

For the second year in a row, The Daily Star and CSR Window are going to recognise businesses for their innovative and world-class corporate social responsibility (CSR) initiatives with the CSR Awards in a bid to encourage financing in social projects that have sustainable impacts on society.
19 August 2022, 05:00 AM

Farmers eye good profits from floating seedbeds

Farmers who grow vegetable saplings on floating seedbeds are hopeful of making good profits this year following two years of strife amid the Covid-19 pandemic, when there was a serious dearth in wholesale buyers due to restrictions on public movement.
19 August 2022, 03:15 AM

Govt again extends rice import deadline

The food ministry has again granted more time to business to open letters of credit (LCs) for importing rice as shipments continue to be very low while prices of the grain are rising due to the recent spike in fuel costs, according to a notice on Wednesday.
19 August 2022, 03:00 AM

Even cheaper varieties of fish dearer now

Cheaper varieties of farmed fish, such as climbing gourami, pangasius and tilapia, are major protein sources for the country’s lower and lower-middle class but the recent hike in fuel prices has led to a subsequent rise in their production and transport costs.
19 August 2022, 02:45 AM

Online shopping becomes costlier

Online purchases are getting costlier as courier companies in the country have collectively raised their fares in response to the recent increase in fuel prices.
19 August 2022, 02:30 AM

Paying same, taking home less

That high inflationary pressure has been taking a toll on people over the last couple of months is apparently evident in supermarkets, where the same amount of money is being spent albeit for the purchase of a lower number and volume of goods. 
19 August 2022, 02:15 AM

Life without internet? And pigs can fly!

Just take a few seconds to imagine what life may be like without the internet. There will be no Amazon or Daraz, no foodpanda orders, no Google Maps, no Netflix, no online games, no online study, widening of digital divide, no IR 4.0, no video calls and the list can go on.
18 August 2022, 18:00 PM

ICDs for consensus on service charge hike

Facing criticism for unilaterally raising a service charge last week, private inland container depots (ICDs) have decided to hold discussions with stakeholders first before hiking rates of their other facilities.
18 August 2022, 18:00 PM

Ctg port up 3 notches on Lloyd’s list of busiest ports

Chattogram port has advanced three steps in a year to become the world’s 64th busiest port in terms of annual throughput of containers in 2021.
18 August 2022, 18:00 PM

Evaluating highest credit ratings during uncertainties

Credit ratings highlight a borrower’s creditworthiness, wherein a higher rating refers to the superior credit quality of an individual or entity and the notion that it deserves greater investor confidence.  
18 August 2022, 03:00 AM

Cash recycling machines gaining traction

Cash recycling machines (CRMs), set up by banks in Bangladesh to help clients deposit, withdraw and transfer money instantly, almost doubled in the last financial year.   
18 August 2022, 02:30 AM