Aamra Networks to raise Tk 92cr thru rights shares

Aamra Networks is going to raise Tk 92 crore by issuing rights shares to upgrade the network and repay loans.
16 February 2024, 00:54 AM

Lack of trust in financial sector adversely impacting economy

There is a lack of trust in the financial sector of Bangladesh, which is adversely impacting the country’s overall economy, according to economists at discussion.
16 February 2024, 00:45 AM

BB introduces currency swap with banks

The Bangladesh Bank has introduced currency swaps with banks for the first time, a move that will enable the country to meet the net reserve condition set by the International Monetary Fund (IMF) with its $4.7 billion loan programme.
16 February 2024, 00:38 AM

Rapid urbanisation no impediment to lungi market expansion

Exports of locally made lungis, a widely used everyday garb for southeast Asian men, have been rising rapidly because of the increasing Bangladeshi diaspora worldwide while the local market has also been on an upward curve due to Bangladesh’s growing population, industry insiders said.
16 February 2024, 00:34 AM

Biman to return on Dhaka-Rome route after nine years

Biman Bangladesh Airlines started selling tickets for flights on the Dhaka-Rome-Dhaka route yesterday as the national flag carrier is set to resume operations to connect the country with the European city from March 26.
16 February 2024, 00:31 AM

Turkish Coca-Cola Icecek acquires Coca-Cola Bangladesh Beverages for $130m

Turkish beverage company Coca-Cola Icecek (CCI) has signed a deal to acquire Coca-Cola Bangladesh Beverages Ltd (CCBB) for $130 million.
16 February 2024, 00:31 AM

Garment makers seek policy on virtual marketplaces

Garment manufacturers have sought a policy from the government on virtual marketplaces, saying they cannot enter into deals with international clothing retailers and traders in absence of dedicated international payment gateways for them.
16 February 2024, 00:31 AM

Z category listing criteria revised

The Bangladesh Securities and Exchange Commission (BSEC) issued an order yesterday revising the criteria for companies to be considered and listed as junk.
16 February 2024, 00:30 AM

Air Arabia encouraged by business growth in Bangladesh

Bangladesh is a suitable place for the aviation business as evidenced by Air Arabia’s business growing by three to four percent year-on-year, Adel Abdullah Ali, group CEO of Air Arabia said yesterday.
16 February 2024, 00:00 AM

Inflation shoots up to 9.86pc in Jan

Inflation in Bangladesh climbed 45 basis points to 9.86 percent in January, official figures showed yesterday, defying measures undertaken by the central bank recently to bring consumer prices under control.
15 February 2024, 18:00 PM

Age, education criteria set for appointing banks’ independent directors

The Bangladesh Bank (BB) has for the first time set the minimum and maximum age and other criteria for independent directors of banks as part of its efforts to restore good governance in the scam-hit banking sector.
15 February 2024, 00:30 AM

Engage public, private sectors in push for ease of doing business: MCCI

Engagement of both public and private sectors is important for the successful implementation of measures to improve ease of doing business, said a top leader of the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) yesterday.
15 February 2024, 00:16 AM

GIZ to provide €22.17m for tech cooperation

GIZ, a German development agency, will provide Bangladesh with 22.17 million euros for technical cooperation in five areas.
15 February 2024, 00:16 AM

Diversify products, markets to increase exports: experts

Bangladesh should undertake rigorous programmes for diversifying its products, markets and brands in order to increase exports and thereby face challenges after graduating from a least developed country (LDC), according to various experts and policymakers.
15 February 2024, 00:16 AM

Palak asks BTRC to recover dues of Tk 5,300cr from Teletalk

State Minister for Posts, Telecom and ICT Zunaid Ahmed Palak directed the Bangladesh Telecommunication Regulatory Commission (BTRC) to recover dues amounting to Tk 5,300 crore from Teletalk Bangladesh Limited.
15 February 2024, 00:09 AM

Govt issues Tk 2,357cr bonds to clear arrears of fertiliser importers

The Finance Division yesterday issued a further batch of special bonds worth Tk 2,357 crore to clear arrears to fertiliser importers.
15 February 2024, 00:09 AM

Sunquick rolled out to win hearts of customers thru quality fruit drinks

ACI CO-RO Bangladesh Ltd, a joint venture of ACI Ltd and Danish fruit drinks manufacturer CO-RO A/S, has launched its juice products in Bangladesh under the brand name Sunquick.
15 February 2024, 00:09 AM

DCCI for tax withdrawal from staff welfare funds

The Dhaka Chamber of Commerce and Industry (DCCI) yesterday demanded withdrawal of tax on welfare funds for private sector employees, including provident, pension and gratuity funds, to end discrimination in taxation with regard to public servants.
15 February 2024, 00:09 AM

BB asks Union Capital, Prime Bank for detailed merger plan

Bangladesh Bank (BB) yesterday asked Union Capital and Prime Bank to submit a detailed plan about how they would merge.
15 February 2024, 00:03 AM

Exports to South Korea tripled in 5 years on duty benefits

Exports from Bangladesh to South Korea nearly tripled over the past five years thanks to duty-free benefits and a push by exporters to explore the world’s 13th largest economy and thereby diversify their export destinations.
14 February 2024, 01:15 AM