US dollar more expensive against taka

The US dollar became more costlier yesterday as the local currency depreciated once again in the inter-bank platform. 
29 June 2022, 04:00 AM

17 economic zones getting ready for south-west

The government is setting up 17 economic zones in southwestern districts to bring about an industrial revolution in the largely non-industrialised region as it looks to accelerate economic growth of Bangladesh.  
29 June 2022, 03:30 AM

BB allows relaxed loan facility for NBFI clients

Borrowers of non-bank financial institutions (NBFIs) can now avail a flexible loan repayment facility similar to that being enjoyed by bank customers up till December this year, according to a Bangladesh Bank notice issued yesterday.
28 June 2022, 18:00 PM

NBFI chairs get more time to quit subsidiaries

The chairmen of the boards of non-bank financial institutions and their executive, audit and risk management committees who hold a directorial position in associated subsidiaries or foundations have been allowed to serve the latter until December. 
28 June 2022, 18:00 PM

Bangladesh showing might in marine salvage and repair

The Chittagong Port Authority (CPA) recently saved an oceangoing ship, which was severely damaged in a mid-sea accident that could have caused the loss of export cargoes worth Tk 800 crore and create an obstacle for navigation.
28 June 2022, 18:00 PM

Facts and myths about innovation

The origins of many successful organisations that exist today can be traced back to the nineteenth century or even earlier.
28 June 2022, 05:30 AM

Padma Bridge to ensure faster internet

Internet users in Dhaka are set to get faster bandwidth thanks to Padma Bridge as the Bangladesh Telecommunications Company Limited (BTCL) has laid fibre-optic cables on its lower deck to reduce the time taken for data to travel between the capital and submarine cable landing station in Kuakata.
28 June 2022, 05:00 AM

E-commerce helps sapling business bloom

The locals of Kishamot Doshlia village under Gaibandha’s Sadullapur upazila believe it is possible to earn a good amount of foreign currency by exporting different kinds of saplings to Turkey from the otherwise ordinary village.
28 June 2022, 04:30 AM

‘Mango train’ suspended for lack of cargo

A train service from Chapainawabganj to dedicatedly bring the region’s seasonal bounty of mangoes to Dhaka has been cancelled on running for just 11 days this season.  
28 June 2022, 04:00 AM

Forex market volatility deepens

Volatility in the country’s foreign exchange market has intensified once again as Bangladesh Bank has commenced tinkering with the exchange rate of the taka against the US dollar.
28 June 2022, 03:30 AM

Garment export order falls 20pc as inflation, war bite

Work orders to the garment sector in Bangladesh fell by more than 20 per cent for the September and November season as consumers in the western world are tightening their belts owing to blistering inflation and deepening uncertainty caused by the Russia-Ukraine war. 
28 June 2022, 02:30 AM

NBFIs asked again to form cells for client complaints

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) to form “complaint cells” at both their head offices and branches so as to resolve complaints of clients. 
27 June 2022, 18:00 PM

Padma Bridge to strengthen Patuakhali’s fishing industry

Patuakhali, a southern district on the shores of the Bay of Bengal, annually produces about 1.23 lakh tonnes of fish, of which 36,000 tonnes are consumed locally while the remainder is sold in different parts of the country.
27 June 2022, 05:30 AM

Rethinking SMEs

The consequence of Covid-19 is not only limited to human health and well-being; the economy has been disrupted in a massive way.
27 June 2022, 05:00 AM

Legalising laundered money to cost even less

The government is likely to bring some changes in its budget proposals, including enabling one of its three offers at legalising laundered money to require even lesser tax payments.
27 June 2022, 04:00 AM

Govt guarantee for state enterprises’ loans on the rise

The government guarantee given to state enterprises against their loans edged up further this fiscal year as demand from agencies seeking support security to generate power, and provide food and fertilisers at subsidised prices has increased.
27 June 2022, 03:30 AM

Rice gets costlier despite massive duty cut

Rice prices have edged up in Bangladesh in the last couple of days despite the cut in customs tariffs on the import of the staple food to 25 per cent to increase supply and contain prices. 
27 June 2022, 02:30 AM

Decision on LDC trade benefit extension may come next year

The next WTO Ministerial Conference (MC) in December 2023 might have a decision on the extension of trade benefits for least developed countries (LDCs) which are due to make the United Nations status graduation to a developing one.
26 June 2022, 18:00 PM

Britons, shaken by rising cost, cut back on shopping

British consumers cut back on shopping in May in the face of fast-rising inflation, and a measure of their confidence sank to a record low this month, according to data that underscored the scale of the cost-of-living squeeze.
26 June 2022, 18:00 PM

Strict laws, not higher benefits, for taxpayers

Strict laws, not higher benefits, for individual taxpayers
26 June 2022, 04:30 AM