BATBC posts 37pc higher profit

The British American Tobacco Bangladesh Company (BATBC), a listed cigarette maker, logged 37 per cent higher profit in 2021.
10 February 2022, 18:00 PM

Ice cream makers pass tough times despite higher sales

Local ice cream producers are going through tough times in spite of logging higher sales in 2021 as they are having to bear higher prices of raw materials amidst the coronavirus pandemic.
10 February 2022, 18:00 PM

Extend bonded warehouse benefit to non-garment firms: BUILD

Non-garment exporters should be allowed to import raw materials duty-free under the bonded warehouse privilege as it would help diversify the country’s export basket, the Business Initiative Leading Development (BUILD) said yesterday.
10 February 2022, 18:00 PM

Kamal defends spike in GDP growth

Finance Minister AHM Mustafa Kamal yesterday defended the unexpected spike in gross domestic product (GDP) growth in the fiscal year of 2020-21, giving credits to expansionary monetary policies and progress in all economic indicators.
10 February 2022, 18:00 PM

Railways asks ERD to search for funds

The railways ministry has asked the Economic Relations Division (ERD) to search for funds for a project to convert the Akhaura-Sylhet rail track into dual gauge from metre gauge.
10 February 2022, 18:00 PM

Improved cook stoves: saving lives, cutting fuel cost

Samiul Islam, a resident of Fulgachh village in Lalmonirhat sadar upazila, began his journey as a sole proprietorship several years ago by peddling sanitary products to low-income households in the area.
10 February 2022, 18:00 PM

Apparel export to India rising fast

Riding on the zero-duty trade benefit and competitive prices, the shipment of apparel items to India is growing fast, a development that would help Bangladesh narrow its trade gap with the neighbouring country.
10 February 2022, 18:00 PM

Centuries-old fish fair draws thousands

A fish fair believed to be centuries old was held in a festive mood in Bogura yesterday in spite of a ban imposed by the district administration for the pandemic.
9 February 2022, 18:00 PM

FICCI for adopting MFS, agent banking as payment mode

The foreign investors’ chamber yesterday urged the revenue authority to formalise the adoption of mobile financial service (MFS) and agent banking as a mode of collection or payment in all tax laws.
9 February 2022, 18:00 PM

MCCI demands further cut in corporate tax

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday demanded the government reduce corporate tax in the national budget this year as well in order to bring the rate to a rational level.
9 February 2022, 18:00 PM

bKash fetches freelancer’s remittance in seconds

bKash has given the country’s burgeoning freelancer community reason to cheer as they can now receive payments through the mobile financial service (MFS) provider within a few seconds
9 February 2022, 18:00 PM

Tea sales picking up, inching towards pre-pandemic level

Tea sales in Bangladesh are inching towards the pre-pandemic level as people shake off Covid-19 jitters to take a sip at their beloved drink outside of their homes where most consumption takes place.
9 February 2022, 18:00 PM

NBR to complete bond automation by 2023

The government’s bonded warehouse facility for businesses will be completely automated by 2023 so that no one can gain illegal benefit from the system, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), yesterday.
8 February 2022, 18:00 PM

Forget govt support

The National Board of Revenue (NBR) has suggested local entrepreneurs focus on capacity building to become more competitive rather than seeking government support over the coming years.
8 February 2022, 18:00 PM

Four-day handloom festival begins today

A four-day fair on handloom products titled “Heritage Handloom Festival 2022” kicks off today at the Gulshan shooting club in the capital, open for all from 10:00am to 8:00pm.
8 February 2022, 18:00 PM

Bangladesh’s economic transformation and FDI

Over the last two decades, Bangladesh has achieved significant economic progress, epitomised by the fact that the country’s GDP, according to the World Bank, grew more than six-fold in real terms from $53.37 billion in 2000 to $324.24 billion in 2020.
8 February 2022, 18:00 PM

Cage fish farming gaining popularity

Kabir Chowdhury, who hails from Dotto Pungoli village in Pabna’s Faridpur upazila, became unemployed about 10 years ago after suffering huge losses in his cattle feed business.
8 February 2022, 18:00 PM

BSEC orders selling Tamha Securities assets

The Bangladesh Securities and Exchange Commission (BSEC) has ordered the managing director and directors of Tamha Securities to sell its assets and deposit the proceeds at Dhaka Stock Exchange (DSE) by May 31.
8 February 2022, 18:00 PM

BPC counts Tk12cr loss daily for higher diesel price

The government is counting a loss of Tk 12.40 crore per day in selling diesel to customers as the price of the most-consumed fuel in Bangladesh is on the rise in the global markets.
8 February 2022, 18:00 PM

Spike in GDP growth: hard to fathom

There was no doubt that the growth in gross domestic product (GDP) in FY21 was better than the growth in FY20 even though the pandemic was present with all its ferocity in both years.
8 February 2022, 18:00 PM