Consistent policy support needed to nurture automobile industry

Policy support, tax benefits, and incentives are needed to help develop the country’s automobile industry, according to experts and entrepreneurs.
18 April 2021, 18:00 PM

Stocks extend rising streak

The stock market continued to rise for a fourth day yesterday following the two-day weekend thanks to a curious increase in share prices of non-bank financial institutions (NBFIs).
18 April 2021, 18:00 PM

Unique Power selling stakes to Qatari company

Unique Meghnaghat Power is going to sell an 11.76 per cent stake to Doha-based power development and investment company Nebras Power Investment Management BV worth $24.06 million or Tk 206 crore.
18 April 2021, 18:00 PM

BB restores interbank cheque clearing system

Bangladesh Bank yesterday restored the interbank cheque clearing system in a major relief for users but a backlog of cheques and the non-operational electronic fund transfer (EFT) platform are still causing sufferings to clients.
18 April 2021, 18:00 PM

Boro harvest in full swing in Sylhet’s haor

Farmers have already harvested about 25 per cent of the boro paddy sown in haor areas of Sylhet despite the ongoing coronavirus pandemic.
18 April 2021, 18:00 PM

Govt launches $7.5m Covid response fund

Entrepreneurs will now get financial support from the government to produce medical and personal protective equipment (MPPE) for both local and international markets as the fight against Covid-19 continues.
18 April 2021, 18:00 PM

Weavers stare at bleak Eid sales after dismal Baishakh

Weavers of clothing items such as sari and panjabi may witness their sales nosedive in the upcoming Eid-ul-Fitr after most of their items aimed at Pahela Baishakh have remained unsold because of a surge in coronavirus infections and subsequent strict lockdown measures.
18 April 2021, 18:00 PM

Bsec’s Market Intervention: Saving index from fall does little good

The Bangladesh Securities and Exchange Commission (BSEC) has taken many steps in the past decade to safeguard the index from falls, albeit without considering the long-term impacts.
17 April 2021, 18:00 PM

Lockdown deals fresh blow to poultry farmers

Small and medium poultry farmers, who have been struggling to recover from last year’s Covid-induced economic shock, are facing fresh troubles due to the ongoing lockdown.
17 April 2021, 18:00 PM

Attracting FDI more crucial than ever:experts

Nihad Kabir, president of the Metropolitan Chamber of Commerce and Industry, said: “If we want to bring FDI, we have to cooperate with the Bida and the country’s businessmen. That way, both sides will be able to identify weaknesses to attract FDIs.”
17 April 2021, 18:00 PM

Automation could have boosted tax receipts: NBR

Automating the tax administration could have accelerated revenue collection while enabling work from home amidst the pandemic, averting many losses, including of opportunities, admitted a top official of the National Board of Revenue (NBR) yesterday.
17 April 2021, 18:00 PM

3 lakh paddy growers in distress

36 districts, mostly Boro growers in haor areas, were affected in the recent nor’wester and the heatwave that swept over the country on April 4.
17 April 2021, 18:00 PM

Another hike in edible oil prices

Edible oil prices witnessed a fresh spike over the last few days in line with rising international prices and supply rationing by processors and wholesalers, a development that will affect fixed and low-income earners.
17 April 2021, 18:00 PM

No shortage of sugar in Ramadan

The government has taken steps to meet the additional demand for sugar and ensure unadulterated products during the upcoming fasting month of Ramadan, according to officials.
11 April 2021, 18:00 PM

Fear of low production grips onion seed growers in Faridpur

Onion seed producers in Faridpur fear a lower than expected harvest this time as droughts, swarming caterpillar attacks and low pollination have hampered cultivation this year.
11 April 2021, 18:00 PM

Advance tax lifted for crude soybean, palmolein import

The National Board of Revenue (NBR) yesterday exempted import of crude soybean and palm oil of a 4 per cent advance tax (AT) to contain prices during Ramadan, the month of fasting for Muslims.
11 April 2021, 18:00 PM

BB stands by small depositors

Bangladesh Bank yesterday instructed banks to impose account maintenance fees on small depositors once a year.
11 April 2021, 18:00 PM

Let factories run during lockdown

Textile and garment manufacturers and exporters yesterday demanded the government allow keeping factories open during the coming lockdown to help them offset the losses caused by the pandemic.
11 April 2021, 18:00 PM

Corporate tax may be cut

Finance Minister AHM Mustafa Kamal yesterday indicated that the government may consider reducing corporate tax rates for listed firms in the upcoming budget.
11 April 2021, 18:00 PM

Banking hours extended as people rush to branches

The central bank yesterday extended the banking hours by half an hour after clients rushed up to branches to withdraw cash as the country is set to go into a strict lockdown from April 14 to tame the raging coronavirus.
11 April 2021, 18:00 PM