Rural road project set to miss deadline

Though four of its five stipulated years have already elapsed, a Local Government Engineering Department (LGED) project on developing 2,210 kilometres of rural roads has witnessed the completion of only a third of its core task. 
15 August 2022, 02:00 AM

BB moves to ensure finance for small business clusters

With an aim to facilitate increased access to finance for micro, small and medium enterprises operating in clusters, Bangladesh Bank yesterday asked banks to lend to 19 types of clusters giving the highest priority to agricultural processing, manufacture of agricultural machinery, garments and ICT. 
14 August 2022, 18:00 PM

BB asks banks to set rational dollar spread

The Bangladesh Bank yesterday ordered banks to set a rational spread between the buying and selling rate of the US dollar after it unearthed that some banks are involved in manipulation to benefit from the shortage of the greenback.   
14 August 2022, 18:00 PM

Entrepreneurs demand fuel price cut

Entrepreneurs yesterday urged the government to cut fuel prices, saying the unprecedented spike in the rates of petroleum products is hurting businesses and will go on to hamper job creation and hit the whole economy. 
14 August 2022, 18:00 PM

91pc SMEs don’t have access to finance: expert

Some 91 per cent small and medium enterprises (SMEs) still do not have access to financing although the government has allocated funds to help them shrug off the Covid-19 shocks.
14 August 2022, 18:00 PM

Saudi Aramco profit soars on higher oil prices

State oil giant Saudi Aramco on Sunday reported its highest quarterly profit since the company went public in 2019, boosted by higher oil prices and refining margins.
14 August 2022, 18:00 PM

Agent banking accounts keep growing

Transactions through agent banking accounts rose 43 per cent year-on-year to Tk 5,64,844 crore in fiscal year 2021-22 as a growing number of people are now using the new banking window, showed Bangladesh Bank data.
14 August 2022, 03:15 AM

Breakthrough in tax collection unlikely without automation

The National Board of Revenue (NBR) is unlikely to make any major breakthrough in tax collection without automation and reforms in the revenue administration, said its former chairman Nasiruddin Ahmed. 
14 August 2022, 02:45 AM

Govt names 20 firms for president’s industrial awards

Twenty industries are going to be honoured with the “President’s Award for Industrial Development” for their contribution to industrialisation, employment generation and overall economic development of the country, according to a notification issued by the industries ministry on August 10. 
13 August 2022, 18:00 PM

Assistance for middle-income countries not discussed

Assistance for underdeveloped countries through subsidies has always been discussed but such assistance for middle-income countries to address challenges of their United Nations status graduation has not been discussed before, speakers told a roundtable in Dhaka yesterday.
13 August 2022, 18:00 PM

Islamic Finance gets new MD

Islamic Finance and Investment Ltd recently appointed Mohammed Mosharaf Hossain as its new managing director and chief executive officer on August 7.
13 August 2022, 18:00 PM

Draft rules on media platforms to choke growth

Two new draft regulations on digital, social and over-the-top (OTT) media platforms will choke the sector’s growth, discourage foreign and local investment and likely violate fundamental rights such as freedom of speech and expression, said an expert yesterday. 
13 August 2022, 18:00 PM

Bangladesh Bank says BFIU repeatedly sought info on money launderers from Swiss banks

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from countries including Switzerland on money laundered by Bangladeshis, Bangladesh Bank has said.
13 August 2022, 16:44 PM

Scanty rainfall affects jute retting

Growers are facing trouble in retting raw jute as a lack of rainfall has reduced the availability of natural waterbodies, affecting the quality of the eco-friendly fibre being produced, according to farmers.
12 August 2022, 02:30 AM

Double whammy for small retailers

On Wednesday evening, Munaf Khan was sitting idle at his cash box in the clothing shop in the New Market area amid the emphatic sound of generators after the electricity went off since there were no customers. 
12 August 2022, 02:15 AM

Inflation widening rich-poor gap

In recent months, inflation has taken the world by storm, impacting not only Bangladesh but also countries in the first world. I have learned a few things from my wife through it all.
11 August 2022, 18:00 PM

Govt sets staggered weekends for industries

The government yesterday announced staggered weekends for the industrial belts in Bangladesh in a bid to ensure an uninterrupted power supply for them and save electricity. 
11 August 2022, 18:00 PM

Rise in fuel price: Now ICDs raise service charge

Private inland container depots (ICDs) have raised the charge for one of a couple of services requiring the use of diesel reasoning the August 5 price hike of fuels. 
11 August 2022, 18:00 PM

Fed officials say more rate hikes needed

Slowing US inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken.
11 August 2022, 18:00 PM

Lighters’ fare raised by 15-22pc for fuel price hike

Lighter vessel owners yesterday announced a 15 to 22 per cent increase in fares for transporting imported goods on different inland water routes due to the recent hike in fuel prices.
11 August 2022, 18:00 PM