Exchange houses asked to follow bank rates

Bangladesh Bank yesterday asked foreign exchange houses in the country to not sell US dollars to banks for more than the recently fixed rate of Tk 110.50 per greenback.
13 November 2023, 18:05 PM

Cash is king

The phrase “Cash is King” became widespread during the financial crisis in 1987, courtesy Pehr G Gyllenhammar, the then CEO of Volvo. The statement signifies the importance of having cash on hand or instantly accessible cash, also known as free cash flow (FCF).
13 November 2023, 17:59 PM

State-run mills start crushing as sugar price jumps

State-run sugar mills have started crushing locally-grown sugarcane, aiming to produce 33,000 tonnes of sugar in the current fiscal year of 2023-24, said a top official.
13 November 2023, 03:11 AM

Nearly 10 lakh policyholders in limbo over maturity benefit

Payments against claims of around 10 lakh policyholders are hanging in the balance as 29 life insurance companies are not clearing dues owing to a liquidity crisis, official figures showed.
13 November 2023, 03:11 AM

1.19cr people faced acute food insecurity in May-Sep: FAO

About 1.19 crore people in Bangladesh experienced high levels of acute food insecurity from May to September this year despite record cereal harvests in 2022 and 2023, said the Food and Agriculture Organisation (FAO) in a report on Friday.
12 November 2023, 01:00 AM

Sugar price records fresh hike despite duty cuts

Sugar prices have gone up in Bangladesh in the past one week owing to its spike in the global markets and higher US dollar costs and supply crunch at home.
12 November 2023, 01:00 AM

Investment pouring into data centres

Private investment in data centres is on the rise in Bangladesh to serve the growing demand for storing, processing and managing digital data generated thanks to the boom in internet use and digitalisation of services.
12 November 2023, 00:00 AM

Gaznar Beel fishers find big business in dried fish

Gaznar Beel, one of the biggest water bodies in the Sujanagar upazila of Pabna, has become a thriving breeding ground for a variety of fish, bringing smiles to the faces of fishermen in the locality.
10 November 2023, 01:04 AM

Jute goods makers' tax benefit extended

The National Board of Revenue (NBR) has extended reduced tax benefits for jute goods makers for three years until fiscal year (FY) 2025-26, according to a notification issued recently.
9 November 2023, 18:00 PM

PM to lay foundation stone on Nov 11

Construction work on the first terminal of Bangladesh’s maiden deep sea port at Matarbari in the Moheshkhali upazila of Cox’s Bazar will start soon as the tender process for appointing a contractor is in the final stages.
9 November 2023, 01:00 AM

Businesses harassed by customs

Businessmen yesterday alleged that they faced harassment from customs while seeking clearance for their goods.
8 November 2023, 18:00 PM

Star Business Report

Two top bodies of bankers yesterday asked lenders not to offer over Tk 115 for one US dollar when conducting the exchange with Bangladeshi migrants working abroad, according to insiders.
8 November 2023, 18:00 PM

Humor works wonders at workplace

What comes to your mind when you think of the easiest and shortest escape route from your regular tiresome workload? Have you ever thought of the way a brief moment of laughter contains the power to rejuvenate you within minutes?
8 November 2023, 00:45 AM

Potatoes set to get costlier as production costs double

The production cost of potatoes nearly doubled this year in comparison to last year due to an increase in prices of potato seeds, fertiliser and irrigation, raising concerns about a further increase in retail prices of the tuber.
8 November 2023, 00:35 AM

Local airlines feel the pinch of political unrest

The nationwide blockade is taking its toll on local airlines as the number of passengers has declined significantly on the domestic routes owing to growing fear of violence, officials said.
8 November 2023, 00:15 AM

Meghna Group to assemble Kia SUVs

Meghna Automobiles Ltd, a concern of Meghna Group, is working to assemble passenger cars of South Korean automobile manufacturer Kia in Bangladesh, said a top official.
8 November 2023, 00:06 AM

Blockade disrupts delivery of imports from Ctg port, ICDs

The delivery of import cargo from Chattogram port as well as private off docks has been sharply impacted by a countrywide two-day blockade that ended yesterday.
7 November 2023, 01:00 AM

Poor governance hampers economic growth

The socioeconomic development of India, Pakistan and Bangladesh is being hampered by the prevalence of poor governance and institutional weakness in the three South Asian nations, according to analysts.
6 November 2023, 18:00 PM

Inflation hits five-month high in October despite steps

Inflation once again grazed double digits in October, advancing 30 basis points to 9.93 percent despite the government’s repeated assurances of measures to rein it in.
6 November 2023, 18:00 PM

Pressure on external sector, inflation to ease after polls

The pressure on the external sector and inflation will start to peter out from the third quarter of the current fiscal year, particularly after the parliamentary elections, said the Bangladesh Bank governor yesterday.
6 November 2023, 16:23 PM