Recovery of vermicelli makers stunted by high input costs

Makers of shemai, a type of roasted vermicelli used in traditional desserts, are struggling to recover from two years of strife caused by decreased demand amid the Covid-19 pandemic coupled with higher raw material costs.
21 April 2022

Strictly monitor agent banking activities

Bangladesh Bank yesterday asked banks in the country to closely monitor their agent banking programmes by appointing dedicated officials in order to ensure transparency of operations.
21 April 2022

BSEC urges state banks to raise stock stakes

The Bangladesh Securities and Exchange Commission (BSEC) has requested Sonali, Rupali, Janata and Agrani banks to raise their stakes in the stock market.
21 April 2022

Wilful defaulters barred from loan waiver

Bangladesh Bank yesterday barred wilful defaulters from getting interest waivers on loans from banks, a first of its kind directive that comes amid a riding trend of defaulted loans.
21 April 2022

Scrap licence renewal system

The country’s apex trade body yesterday demanded the removal of complexities businesses face while obtaining and renewing licences with a view to reducing the cost of doing business and making them competitive.
21 April 2022

Eid sales poised to surpass pre-pandemic levels

Broad smiles have finally returned to the faces of millions of Bangladesh’s retailers as shoppers have flocked to markets to complete their Eid shopping since the beginning of Ramadan.
21 April 2022

Brac Bank, Robi to serve SMEs

Brac Bank signed a memorandum of understanding with mobile operator Robi Axiata to provide digitalised solutions to small and medium enterprises (SMEs) to develop their businesses.
21 April 2022

Bank Alfalah takes Guardian Life Ins services

Guardian Life Insurance recently signed a group insurance agreement with Bank Alfalah enabling the bank’s employees and their families to enjoy group insurance benefits.
21 April 2022

Researchers identify high-yield rice varieties

Researchers have identified rice varieties with the best yields for both aman and boro seasons after rigorous on-farm trials, said a press release by International Rice Research Institute (IRRI) yesterday.
21 April 2022

Buoyant apparel shipment raising cotton consumption

Cotton consumption in Bangladesh in marketing year (MY) 2022-23 will increase by 5.6 per cent year-on-year to 9.31 million bales.
21 April 2022

Regulator’s move lifts stocks for 3rd day

Shares on the Dhaka Stock Exchange rose for the third consecutive day yesterday thanks to a regulatory move that aims at raising the participation of institutional investors in the market in order to reduce the volatility caused by the majority retail investors.
21 April 2022

Banks asked to appoint dedicated officials to monitor agent banking operations

The Bangladesh Bank today asked banks to monitor agent banking programme closely by appointing dedicated officials in order to ensure transparency of the operation.
21 April 2022

Digital payments can add Tk 50,058 cr to GDP a year: Study

Digital payments can boost Bangladesh’s gross domestic product by 1.7 per cent a year, an addition of $6.2 billion annually to the economy, according to a new report.
21 April 2022

No loan waiver for wilful defaulters: Bangladesh Bank

The Bangladesh Bank has barred wilful defaulters from enjoying loan waiver facility from banks.
21 April 2022

FBCCI wants easier process for licence renew

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the country's investment development authority to ease the process for obtaining and renewing licences in order to reduce the cost of doing business.
21 April 2022

Sonali, Rupali, Janata, Agrani asked to invest in stockmarket

Bangladesh Securities and Exchange Commission (BSEC) requested the authorities of Sonali, Rupali, Janata and Agrani banks to increase investment in the stock market.
21 April 2022

Stocks maintain gaining streak

Stocks in Dhaka bourse continued to rise for the third consecutive day today as general investors think that the participation of institutional investors may rise in the market.
21 April 2022

Singer sees slump in profits

Home appliance maker and marketer Singer Bangladesh Ltd saw its profits fall by half in the first quarter of the ongoing calendar year as it had to pay an increased amount of taxes during the period.
21 April 2022

Fate of 700 export containers hangs in balance

A Singapore-bound container vessel has remained stranded in the Bay of Bengal for the last seven days on sustaining damage in a collision with an oil tanker, leading to uncertainties over shipment of its cargo.
20 April 2022

BB orders banks to track shipments

Bangladesh Bank yesterday asked banks to track shipments of goods which are exported with a view to tackling trade-based money laundering.
20 April 2022