BB sets age limit, bad loan recovery target for aspirant CEOs of banks

The central bank has for the first time set the minimum age, default loan recovery targets and other criteria for aspirant chief executive officers of banks and those looking to be reappointed in the top job as part of its efforts to restore good governance and reduce bad debts.
28 February 2024, 00:49 AM

Hefty power bill to weigh on consumers

The government has decided to increase electricity prices by Tk 0.34 and Tk 0.70 a unit from March, which according to experts will have a domino effect on the prices of essentials ahead of Ramadan.
27 February 2024, 18:00 PM

Impact of Red Sea crisis still 'moderate': WTO chief economist

Attacks by Yemeni rebels on commercial ships in the Red Sea have had only a "moderate" impact on global trade, Ralph Ossa, the World Trade Organization's chief economist told AFP.
27 February 2024, 16:07 PM

World Bank suggests unified exchange rate, further monetary tightening

The World Bank has recommended Bangladesh put in place a unified exchange rate and tighten monetary policy further in order to tame persistently high inflationary pressure and end the foreign exchange crisis.
27 February 2024, 00:33 AM

Bangladesh is an inspiration to many in green building segment

Bangladesh has become a major source of inspiration for many countries as the nation has the most green garment factories worldwide, said a top official of the United States Green Building Council (USGBC), the authority that provides the Leadership in Energy and Environment Design (LEED) certification.
27 February 2024, 00:33 AM

Wheat import rebounds to two-year high

Bangladesh’s wheat imports recovered and hit a two-year high in the first seven months of the fiscal year as prices of the grain cooled and demand from local industries soared.
27 February 2024, 00:24 AM

Govt to cut ADP size by 7%

The government is set to downsize the Annual Development Programme (ADP) for the current fiscal year of 2023-24 by nearly 7 percent while prioritising projects having the highest impact, according to planning commission sources.
27 February 2024, 00:24 AM

Sammilito Parishad announces manifesto for BGMEA polls

Sammilito Parishad, a panel contesting in the upcoming biennial polls to the BGMEA’s board of directors on March 9, yesterday announced its manifesto, which includes developing a “smart” garment sector.
27 February 2024, 00:24 AM

Bangladesh slumps in global mobile internet rankings

Bangladesh performed poorly in Ookla’ Speedtest Global Index in January, descending 7 spots from the 101st position to 108th in the mobile internet segment.
27 February 2024, 00:24 AM

$7b pledged in foreign funds

When Bangladesh is facing a reserve squeeze, it has received fresh commitments for $7.2 billion in loans from global lenders in the first seven months of fiscal 2023-24, a fourfold increase from a year earlier.
26 February 2024, 18:00 PM

REHAB to hold first election in a decade tomorrow

The election for the executive committee of the Real Estate and Housing Association of Bangladesh (REHAB) will be held tomorrow, with voters anticipating stiff competition among the participants.
26 February 2024, 14:11 PM

Retail giants rush to Mirpur to cash in on growth spurt

Retail giants and realtors are increasingly flocking to Mirpur and its surrounding areas to tap the opportunities being offered by the growing swathe of the capital.
23 February 2024, 18:00 PM

Mirpur: From a backwater to an economic hotspot

Mirpur was best known as a garment manufacturing hub, a crime zone with rough roads, dirty alleyways, rundown buses, a capital of slums called home by apparel workers and a poor township marked by nondescript houses.
23 February 2024, 18:00 PM

Handicrafts declared as product of the year 2024

The government yesterday declared handicrafts as the product of the year 2024 to highlight the role of women in the making of handicrafts, promote exports, and diversify the nation’s export basket, which is currently dominated by the garments sector, according to a notification by the commerce ministry.
23 February 2024, 00:20 AM

Currency swap pushes forex reserves above $20b

Bangladesh's foreign currency reserves have gone past the $20-billion mark after nearly a month thanks to the currency swap initiated by the central bank.
23 February 2024, 00:12 AM

NBR to conduct drive against noncompliant home owners

The National Board of Revenue (NBR) will soon conduct a special drive against home owners who did not submit tax returns despite residing in municipal areas, said NBR Chairman Abu Hena Rahmatul Muneem yesterday.
23 February 2024, 00:12 AM

BTRC allows mobile operators to offer wireless broadband

The internet regulator has allowed telecom operators in Bangladesh to provide fixed wireless access (FWA), enabling their users to get wifi connections without cables.
23 February 2024, 00:12 AM

Institutional investors sell off 32% shares of Khan Brothers

Some institutional investors sold their 32 percent stake, or 3.23 crore shares, of Khan Brothers PP Woven Bag Industries Ltd in the second half of 2023, according to the market regulator.
23 February 2024, 00:12 AM

Revenue collection accelerates in January

The pace of revenue collections quickened in January, driven by increased receipts from income tax as the deadline for filing personal income and wealth statements for the current fiscal year ended last month.
23 February 2024, 00:12 AM

Cash transactions creep up despite digital push

Cash transactions in Bangladesh have continued to creep up in spite of significant developments in digital payment methods and digital financial services over the last decade, as per the latest annual report of Bangladesh Financial Intelligence Unit (BFIU).
23 February 2024, 00:06 AM