UCB to form subsidiaries in Hong Kong, Malaysia

United Commercial Bank (UCB) has decided to form two subsidiaries in Hong Kong and Malaysia to run trade finance and money service business, albeit all subject to the approval of the regulatory authorities.
31 March 2022

Bangladesh, South Korea agree to deepen ties

Bangladesh and South Korea have agreed taking their comprehensive partnership to the next level in commemoration of the 50th anniversary of diplomatic relations.
31 March 2022

National strategy for unemployment insurance made zero progress: study

The four initiatives taken to introduce insurance for the unemployed workers have made very little progress and have missed almost all the targets, a study finds.Star
31 March 2022

ADB to give $143m loan to help Bangladesh accelerate growth

The Asian Development Bank (ADB) has approved a $143 million loan package to support the government of Bangladesh's efforts to accelerate growth by improving efficiency, predictability, and security of cross-border trade.
31 March 2022

DSE turnover crosses Tk 1,000 crore after 10 trading days

The turnover at the Dhaka Stock Exchange (DSE) crossed Tk 1,000 crore today after a break of ten trading days amid a mix trend of investment in the premier bourse.
31 March 2022

Singer to invest Tk 680 crore for new manufacturing facility, shares up

Singer Bangladesh Ltd, a home appliance manufacturer and marketer, today said it is going to invest Tk 680 crore to establish a manufacturing facility in order to increase capacity to cater growing domestic market for home appliances.
31 March 2022

Demanding arrears, garment workers block Dhaka-Narayanganj link road

Hundreds of workers of Rupashi Garments blocked Dhaka-Narayanganj link road, demanding their due salaries.
31 March 2022

Dhaka stocks fall in early trade

Dhaka stocks declined in the opening trade today amid low participation of investors.
31 March 2022

Garlic farmers fret over losses for 2nd year running

Garlic farmers in the country’s northern districts have been left dismayed as the price of the highly-popular cooking ingredient has fallen at wholesale and retail levels due to a supply glut amid the ongoing peak harvesting season.
30 March 2022

Govt okays LNG purchase at lower cost

The government yesterday approved a proposal to buy 33.60 lakh Metric Million British thermal units (Btus) of liquefied natural gas (LNG) for $35 per unit, which is cheaper than what it cost just a week ago thanks to a downward trend in global prices.
30 March 2022

Spectrum auction today

A crucial auction for spectrum bands that can support both fourth-generation (4G) and 5G technologies is set to take place in Dhaka today as the government looks to alleviate the sufferings of users stemming from the slower mobile internet speed.
30 March 2022

Govt for Ctg-Colombo direct shipping service

Foreign Minister AK Abdul Momen has called for introducing regular commercial and cruise shipping services between Chattogram and Colombo ports to enhance trade and tourism between the two countries.
30 March 2022

Automation gaining ground in garment

Automation has been substantially coming about in garment factories, with modern machinery being used to make high-end garments and increase productivity in attempts to become more competitive globally.
30 March 2022

Garment makers lead the way

There is a growing interest among textile and garment entrepreneurs to install solar panels on their factory’s rooftop in order to meet a portion of their demand for electricity while also reducing carbon emissions.
30 March 2022

Adjust inflation, exchange rates when calculating GDP

Ascertaining the real economic output per person in Bangladesh is not possible without adjusting the current inflation and international exchange rates when evaluating the country’s GDP per capita, according to economists.
30 March 2022

Islami Bank in 40th year of operations

Islami Bank Bangladesh has stepped into its 40th year of operations, with a deposit portfolio of Tk 1.40 trillion and investment portfolio of Tk 1.16 trillion.
30 March 2022

Digital governance must be watertight

Digital governance must be made watertight with strong guardrails to ensure all consumers are fully protected as people across Bangladesh embrace e-commerce, said a noted economist yesterday.
30 March 2022

Banking hours cut for Ramadan

Banks in Bangladesh will remain open from 9:30am to 4:00pm every working day during the month of Ramadan, which may begin on April 3 according to the Bangladesh Islamic Foundation.
30 March 2022

Ramadan trading hour 10am to 2pm at Dhaka, Ctg bourses

The stock market exchanges rescheduled its trading time for the holy month of Ramadan.
30 March 2022

'Commodity prices are currently at a tolerable level, hopefully will remain the same'

Prime Minister Sheikh Hasina today assured that the prices of essential commodities in the country will remain steady during Ramadan.
30 March 2022