Khulna Power to sell 110MW plant

Khulna Power Company Limited (KPCL) is set to sell its 110 megawatt barge mounted power plant at a value of $15 million, according to a company statement posted on the Dhaka Stock Exchange (DSE) website yesterday.
24 April 2022, 18:00 PM

Tea auction begins in Ctg today

The first tea auction for 2022-23 will begin today at the Chattogram Tea Auction Centre.
24 April 2022, 18:00 PM

FDI goes up but lower than expected

Foreign direct investment to Bangladesh rose 13 per cent year-on-year to $2.89 billion last year, in a positive development for an economy long looking to increase the flow of external funds to accelerate its growth, official figures showed.  
24 April 2022, 18:00 PM

Hike cigarette price at lower-tier to reduce health risks

The  price of cigarettes at the lower tier should be raised to boost revenue  generation for the government as well as minimise health risks,  speakers said at a seminar yesterday.
23 April 2022, 18:00 PM

Manipuri weavers get busy before Eid

Manipuri clothing weavers in Moulvibazar and Sylhet are passing busy days ahead of the upcoming Eid-ul-Fitr, which will be celebrated in colour for the first time in two years thanks to the easing of coronavirus restrictions.
23 April 2022, 18:00 PM

Actions after Rana Plaza tragedy: Time to build on the progress

When the Rana Plaza building came crashing down on April 24, 2013, Bangladesh’s garment sector received a massive jolt and apprehension kicked in that the sector’s growth might slow down.
23 April 2022, 18:00 PM

Buoyant apparel shipment raising cotton consumption

Cotton consumption in Bangladesh in marketing year (MY) 2022-23 will increase by 5.6 per cent year-on-year to 9.31 million bales.
21 April 2022, 18:00 PM

MFIs’ loan disbursement rebounds

Loan disbursement by microfinance institutions (MFIs) rebounded in the last fiscal year (FY) of 2020-21 as demand grew thanks to the ongoing recovery of economic activities from pandemic-induced shocks.
21 April 2022, 18:00 PM

Recovery of vermicelli makers stunted by high input costs

Makers of shemai, a type of roasted vermicelli used in traditional desserts, are struggling to recover from two years of strife caused by decreased demand amid the Covid-19 pandemic coupled with higher raw material costs.
21 April 2022, 18:00 PM

BSEC urges state banks to raise stock stakes

The Bangladesh Securities and Exchange Commission (BSEC) has requested Sonali, Rupali, Janata and Agrani banks to raise their stakes in the stock market.
21 April 2022, 18:00 PM

Wilful defaulters barred from loan waiver

Bangladesh Bank yesterday barred wilful defaulters from getting interest waivers on loans from banks, a first of its kind directive that comes amid a riding trend of defaulted loans.
21 April 2022, 18:00 PM

Scrap licence renewal system

The country’s apex trade body yesterday demanded the removal of complexities businesses face while obtaining and renewing licences with a view to reducing the cost of doing business and making them competitive.
21 April 2022, 18:00 PM

Eid sales poised to surpass pre-pandemic levels

Broad smiles have finally returned to the faces of millions of Bangladesh’s retailers as shoppers have flocked to markets to complete their Eid shopping since the beginning of Ramadan.
21 April 2022, 18:00 PM

Researchers identify high-yield rice varieties

Researchers have identified rice varieties with the best yields for both aman and boro seasons after rigorous on-farm trials, said a press release by International Rice Research Institute (IRRI) yesterday.
21 April 2022, 18:00 PM

Al Kashem appointed Coats’ managing director

Coats Bangladesh Ltd recently promoted its manufacturing director to the post of managing director (MD).
20 April 2022, 18:00 PM

Ramadan info now on bKash app

bKash is providing essential information and services such as the schedules of iftar and sahri, zakat calculator, payment option for donating zakat to authorised charities, and health tips through its ‘Romjane Protidin’ icon on its app during the fasting month.
20 April 2022, 18:00 PM

Govt to discourage luxury imports

Bangladesh Bank will impose special conditions on the import of luxury items, such as high-end cosmetics, apparels and electronics, to discourage these purchases during times of global economic uncertainty, according to Finance Minister AHM Mustafa Kamal.
20 April 2022, 18:00 PM

Safety net: Remove irregularities to cut poverty

Removing irregularities from safety net schemes aimed at alleviating poverty could help pull 1.07 crore people out of hardship without spending any additional cost, according to speakers at a webinar.
20 April 2022, 18:00 PM

Fate of 700 export containers hangs in balance

A Singapore-bound container vessel has remained stranded in the Bay of Bengal for the last seven days on sustaining damage in a collision with an oil tanker, leading to uncertainties over shipment of its cargo.
20 April 2022, 18:00 PM

Appetite to legalise black money wanes drastically

Despite offering the scope to legalise black money without asking any questions, the National Board of Revenue (NBR) received very poor responses from taxpayers in the current fiscal year of 2021-22, official figures showed.
20 April 2022, 18:00 PM