Textile millers expect bumper sales this Eid

Local textile millers are expecting bumper sales in the upcoming Eid-ul-Fitr, the biggest shopping season in Bangladesh, since people are apparently set to celebrate the festival joyously as Covid-19 has petered out.
28 March 2022

EBL, Visa team up to help banks cut card operations cost

Visa Worldwide Pte Ltd has partnered with Eastern Bank Ltd to roll out a solution to offer trustee services to its member banks, the first of its kind in Bangladesh.
28 March 2022

SBAC Bank DMD promoted

South Bangla Agriculture and Commerce Bank (SBAC) recently witnessed the promotion of its deputy managing director to the post of senior executive vice-president.
28 March 2022

Stocks bounce back

The Dhaka stock index rose yesterday on falling the day before while turnover crossed the Tk 900 crore mark after four days thanks to the regulator announcing plans to sit with stakeholders to give a boost to the market.
28 March 2022

Be competitive, stop relying on duty-free regime

Bangladesh should abandon the mentality of having a duty-free regime, cheap loans or foreign aid and focus instead on making products competitive by improving management efficiency, logistics and business environment as the country approaches graduation from the grouping of the least-developed countries (LDCs) in 2026.
28 March 2022

Plastic recycling takes hold in northern districts

Bangladesh’s northern region has turned into a plastic recycling hub as many people in eight districts are now engaged in turning hazardous waste such as discarded PET bottles and disposable syringes back into resources for these products.
28 March 2022

Cash support can help poor in lean season Say experts

Cash transfer or temporary loans can be helpful for extremely insolvent families during the pre-harvest lean season, characterised by seasonal poverty and famine known as “monga”, speakers told a discussion.
28 March 2022

Inflation rate to be tolerable at current fiscal's end: Finance minister

Finance Minister AHM Mustafa Kamal today told parliament that the country's inflation rate will come down to a tolerable level after the end of the current Fiscal Year 2021-2022.
28 March 2022

Bida assumes directorship at World Association of Investment Promotion Agencies

The Bangladesh Investment Development Authority (Bida), the apex investment promotion agency of Bangladesh, has assumed the South Asia regional directorship at the World Association of Investment Promotion Agencies (WAIPA).
28 March 2022

‘Bangladesh’s macroeconomic stability not at risk over Russia-Ukraine crisis’

Finance Minister AHM Mustafa Kamal today told parliament that the Russia-Ukraine crisis will not put the country's macroeconomic stability at great risk at the moment, even if it affects the country’s economy.
28 March 2022

Ensure conducive business environment in Bangladesh: British MP Rushanara Ali

British Parliament Member Rushanara Ali today urged the Bangladesh government to ensure further advancement of a conducive business environment for the investors.
28 March 2022

Bitopi Group to invest $9.58 million for RMG plant at Dhaka EPZ

Sonar Manufacturing Limited, a sister concern of Bitopi Group, is going to establish a readymade garment industry in Dhaka Export Processing Zone (DEPZ) with an investment of $9.58 million.
28 March 2022

Bill placed in parliament to punish top bank officials over digital cheque fraud

The Payment and Settlement Systems Bill, 2022 was placed in Parliament today with a provision for punishing top bank officials for committing bank fraud through digital cheques.
28 March 2022

Summit Group pledges $1 million to icddr,b

Summit Group Chairman Muhammed Aziz Khan has pledged to donate $1 million to the endowment fund of icddr,b Hospital.
28 March 2022

Stocks return to black

The index of the Dhaka Stock Exchange (DSE) rose today after a fall on Sunday while the turnover of the bourse crossed Tk 900 crore after four days.
28 March 2022

Pace of fund disbursement under Indian LOC increases

The pace of fund disbursement from India under its line of credit (LOC) programme has nearly doubled in a year and the amount will soon reach the $1-billion milestone, the Indian high commission in Dhaka said today.
28 March 2022

Govt forms high-powered taskforce to monitor market

The government yesterday (March 27) formed a high-powered taskforce to monitor the prices trend of some basic commodities in the markets in order to contain their unusual spiral.
27 March 2022

Bangladesh meets UN target

Bangladesh has met the affordability target on internet prices set by the United Nations Broadband Commission for Sustainable Development in 2021.
27 March 2022

Bangabandhu Hi-Tech City likely to get $1.3b investment by 2025

Oryx Bio-Tech Limited was struggling for quite some time to find a suitable plot near Dhaka for building a large manufacturing plant -- the first-ever plasma fractionation plant in Bangladesh.
27 March 2022

36pc ADP fund spent in 8 months

Around 36 per cent of the current fiscal year’s development budget could be spent by the government in the first eight months.
27 March 2022