Seven NBFIs risk losing Tk 2,050cr for anomalies

Seven non-bank financial institutions (NBFIs) are now finding it difficult to recover Tk 2,050 crore they had lent to their subsidiaries and associates in breach of rules.
16 February 2022, 18:00 PM

Establish charging station networks to ramp up EV adoption

Speakers yesterday emphasised establishing infrastructure for charging station networks so that electric vehicles (EV) may replace their fossil fuel-powered counterparts by 2030.
16 February 2022, 18:00 PM

Ctg holds potential as next ‘global industrial hub’

Chattogram, preparing to become the country’s trade and investment growth engine, offers immense business prospects for Japanese investors as it bridges South Asia and Southeast Asia, analysts told a webinar yesterday.
16 February 2022, 18:00 PM

Land acquisition for Patuakhali EPZ underway

The Patuakhali district administration has initiated the process of acquiring about 410 acres of land to establish an export processing zone (EPZ) in Pocha Koralia mouza in Auliapur union under the sadar upazila.
16 February 2022, 18:00 PM

EU to support Bangladesh for sustainable LDC graduation

The European Union will keep supporting Bangladesh to help the South Asian country make sustainable graduation from the grouping of least-developed countries.
16 February 2022, 18:00 PM

Online sales take off ahead of Ekushey Book Fair

Although Amar Ekushey Book Fair-2022 began on Tuesday after being deferred for half-a-month due to the surge of Covid-19 infections, readers have already started purchasing the books published targeting the annual event thanks to online platforms.
16 February 2022, 18:00 PM

Hardship persists for households as food prices keep rising

Amid soaring prices of food, products and services, inflation in Bangladesh fell to 5.86 per cent in January, the first decline in six months, official data showed yesterday.
16 February 2022, 18:00 PM

Govt to amend procurement rules

A high-level government committee yesterday suggested 11 proposals for amending the procurement rules, including making it mandatory for foreign firms to form joint ventures with local bidders when it comes to fulfilling government procurement rules.
16 February 2022, 18:00 PM

Soaring shipping costs weigh on businesses

Businesses dependent on the import of raw materials are facing increasing shipping costs, which are fuelling their cost of production, and the burden is being passed onto consumers, resulting in a hike in prices.
15 February 2022, 18:00 PM

Luxury hotels relieved of pandemic pinch

The luxury hotel business in Bangladesh bounced back strongly in the first half of the current financial year as people have started to travel and host public events with the easing of coronavirus restrictions.
15 February 2022, 18:00 PM

Supply chain matters – the Toyota story

General Motors, popularly known as GM, had been the largest seller of vehicles in the United States from 1931 to 2020. The Detroit-based automaker dethroned Ford back in 1931 to clinch the number one position.
15 February 2022, 18:00 PM

Chandpur Power set to begin production

Doreen Power Generations and Systems Limited yesterday announced that its subsidiary, Chandpur Power Generation, has completed a 100-hour reliability run test as per the power purchase agreement signed with the Bangladesh Power Development Board.
14 February 2022, 18:00 PM

Credit growth instills optimism into economy

Md Habibur Rahman, the new chief economist of Bangladesh Bank, said that he would give utmost priority to addressing the challenges that arose from the coronavirus pandemic.
14 February 2022, 18:00 PM

Uniform export fetches half a billion dollars

Bangladesh has turned into a major sourcing hub for uniforms for the military, navy, air force, fire brigade and police for countries around the world as local garment manufacturers have enhanced their capacity and diversified products.
14 February 2022, 18:00 PM

Shipping lines sceptical about new ICD policy

Shipping lines in Bangladesh have expressed concern over some provisions in the recently published policy for private inland container depots (ICDs), citing that certain measures may cause adversities in running operations.
13 February 2022, 18:00 PM

Invest in Bangladesh

Foreign Minister AK Abdul Momen has called upon the Bangladeshi expatriates to invest in Bangladesh to build a prosperous nation.
12 February 2022, 18:00 PM

Companies act to be rewritten this year

The commerce ministry is expecting a full amendment to the companies act this year to make the vital law time-befitting, said Tapan Kanti Ghosh, senior secretary to the commerce ministry, yesterday.
12 February 2022, 18:00 PM

Jute price spiral comes to a halt

The spiralling trend of raw jute prices has come to a halt thanks to monitoring by the authorities to curb stockpiling by traders in the last two weeks, said traders and exporters.
12 February 2022, 18:00 PM

Single-digit interest comes to the aid of industries

The single-digit interest rate on bank loans has helped industries in Bangladesh tremendously as the cost of finances has gone down sharply, allowing them to navigate challenges during the coronavirus pandemic smoothly, said a top entrepreneur.
12 February 2022, 18:00 PM

Bottlenecks start with definition complexities

Fast disbursement of the government’s stimulus packages among cottage, micro, small and medium enterprises (CMSMEs) is facing bottlenecks, starting with complexities over the definition of these entities, said speakers yesterday.
12 February 2022, 18:00 PM