Delaying key measures may prove costly for economy

In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.
22 October 2023, 01:00 AM

Investment expo on Nov 8-9

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) is set to host a two-day investment exposition from November 8 at Radisson Blu Dhaka Water Garden marking its 60th anniversary.
21 October 2023, 17:59 PM

Wealth management is the future of consumer banking

In an era defined by complex financial markets and ever-evolving investment opportunities, wealth management has emerged as a crucial discipline for individuals and families looking to secure their financial future.
21 October 2023, 17:59 PM

Renata’s profits rebound in Q1

Profits of Renata Ltd, a major player among listed drug makers in Bangladesh, rebounded in the first quarter of the current fiscal year as the company's revenue growth doubled during the period.
21 October 2023, 17:59 PM

Facilitate connectivity to get full benefit of Bangabandhu tunnel

Businesspeople yesterday urged for improving connectivity between Dhaka and Chattogram on a priority basis in order to get the expected benefits of the Bangabandhu Sheikh Mujibur Rahman Tunnel.
21 October 2023, 17:59 PM

'Middle East conflict may affect global shipping'

The Israel-Hamas conflict has not had any immediate effect on global shipping, but it may impact ocean freight if the conflict lingers.
21 October 2023, 17:54 PM

Dird Group lays off 300 workers for lack of work orders

Dird Washing Limited has laid off around 300 workers owing to a lack of work orders, becoming the fourth unit of its parent Dird Group to have closed operations this year.
21 October 2023, 16:14 PM

Seed sellers optimistic about higher maize acreage

With farmers preparing to plant maize for the winter, seed sellers and businesses expect an increase in acreage because of higher prices of the grain and Bangladesh’s import dependence in covering the shortage of the grain used by feed mills.
21 October 2023, 15:32 PM

Durga Puja sales exceed expectations

Shopping centres, fashion houses and other retail outlets in Dhaka found a reason to smile on the occasion of Durga Puja, the biggest annual festival for the Hindu community which begins today, with traders saying sales had exceeded expectations.
20 October 2023, 06:33 AM

Banks asked to disburse remittance in two days

Bangladesh Bank has asked banks to disburse remittances among beneficiaries within two days of receiving it from senders abroad..The central bank framed rules in 2014 stipulating that the disbursement must be made within two days to encourage remittance transfers through formal channels.
20 October 2023, 06:00 AM

Delta Life’s audit committee chair changed

The Supreme Court’s Appellate Division yesterday changed the chairman of the audit committee of Delta Life Insurance Company Limited and gave the insurer another two months to hold its annual general meetings (AGMs) for 2020, 2021 and 2022.
19 October 2023, 18:05 PM

Runner Auto incurs losses of Tk 88cr

Runner Automobiles, one of the large listed automobile companies, incurred losses of around Tk 88 crore in the fiscal year 2022-23, mainly due to lower sales as a consequence of the macroeconomic situation and the Ukraine-Russia war.
19 October 2023, 17:59 PM

Renewable energy can create 9,300 jobs by 2030

The nation’s power sector will create at least 9,300 jobs in the renewable energy sector if the government can fulfil its target of renewable energy usage by 2030, a study conducted by the Centre for Policy Dialogue (CPD) found yesterday.
19 October 2023, 17:59 PM

Pressure on external sector of economy to persist

Pressure on the external sector of Bangladesh's economy is expected to persist in the current financial year, said a top official of the World Bank yesterday
19 October 2023, 17:59 PM

Greeting the new data guideline

In today's modern era, most parents have concerns about their children’s screen time. While we delude ourselves saying the problem is mainly with the new generation and is still reversible, the real test would be to spend a day or a week without a smartphone with all its goodies like Instagram, WhatsApp, Facebook, etc! Forget about the kids; try it on yourself first. Your misery is likely to melt the heart of even your Creator!
19 October 2023, 15:38 PM

Govt to provide incentive for hybrid rice cultivation

The government is going to provide Tk 90 crore as an incentive this year to encourage the cultivation and production of hybrid varieties of rice in this year’s boro season.
19 October 2023, 15:11 PM

Trade thru land ports suspended for Durga Puja

Trade between Bangladesh and India through the five operational land ports under Rangpur division will remain suspended for periods ranging from five to eight days in observance of Durga Puja, the biggest religious festival of the Hindu community. .However, there will be no suspension of
19 October 2023, 11:47 AM

No IMF-prescribed reform before elections

The government has informed the International Monetary Fund (IMF) that it would not initiate any major reforms to enhance foreign exchange reserves and revenue earnings and reduce subsidies before the upcoming parliamentary elections..However, the government promised that drastic reforms w
18 October 2023, 18:10 PM

Small farmers going thru hardship: experts

Small and marginal farmers are increasingly finding it difficult to sustain their livelihoods based on prevailing crop practices, marketing channels and value chains, said experts yesterday.
18 October 2023, 18:05 PM

Market-driven exchange rate not before national polls

The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.
18 October 2023, 18:03 PM