The money loan court in Chattogram today slapped five owners of Messers Elias Brothers (MEB) with five months of jail sentence for defaulting a loan of Tk 185 crore.

Stocks in Bangladesh continued to plunge for the third consecutive day today amid a selling spree.

The National Board of Revenue (NBR) has extended reduced tariff benefit for importing raw sugar until May 15 to enable consumers to buy the sweetening agent during the coming Ramadan month and Eid- ul-Fitr festival.

Mutual Trust Bank (MTB) and bKash have launched round the clock digital cash management facilities for the mobile financial service provider’s distributors.

Any fuel price hike raises the cost of everyday necessities and agricultural products and affects both food and non-food inflation since it is linked with every part of the value chain.

The Burimari land port has long been suffering from space shortage and traffic congestion, preventing businesses from Bangladesh from elevating trade with India, Bhutan and Nepal as its capacity has not expanded in line with rising commerce.

ReportGarment exporters should focus on high-value apparel items to bolster the industry’s export growth, said Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), yesterday

The government has developed software to enable owners of prize bonds that cost Tk 100 each to find the result of the draw in a move that is likely to help investors, many of whom do not even check results because of hassle of matching each number from the results.

The telecom regulator is set to hold the spectrum auction for fifth-generation (5G) connectivity on March 31 as the government looks to roll out the service by this year. 

Softlogic Holdings PLC is in talks with Agora to acquire the full operation of Bangladesh’s oldest supermarket chain, said the Sri Lankan conglomerate and people familiar with the matter.

Bangladesh is set to become a major source of recycled yarn and fabrics made from plastic bottles as the country looks to capture more market share of global high value-added garment items such as activewear, outerwear, padding and quilting.

Brac Bank will host the 14th annual meeting of the Global Alliance for Banking on Values, a network of the most environmentally progressive and socially inclusive banks in the world.

The Insurance Development and Regulatory Authority (IDRA) has slapped eight insurance companies with a staggering fine of over Tk 2.18 crore for irregularities, fraudulence, misappropriation of funds, excess agent commissions and other misconduct.

Bank Asia has signed an agreement with Southeast University to provide student support loans for the attainment of honours and master’s degrees.

Padma Bank and Canadian University of Bangladesh have signed a memorandum of understanding (MoU) for academic - Industry collaborations.

The Bangladesh Telecommunication Regulatory Commission (BTRC) will hold the spectrum auction for fifth-generation (5G) mobile and internet connectivity on March 31 and give the telecom operators 6 months to roll out the service from the day of the auction.

Bangladesh and India have decided to finalise at the earliest the joint study on India-Bangladesh Comprehensive Economic Partnership Agreement (CEPA), reopen border haats closed due to Covid-19 pandemic and reached a consensus over the use of returning empty railway wagons and containers by Bangladesh for exports to its western neighbour.

The textiles and jute ministry plans to honour 11 individuals and organisations for their contribution to increasing production and export of jute and jute products, said a statement from the ministry.

Investors from anywhere in the world can now open an account at any branch of Sonali Bank through the one stop service portal of Bangladesh Investment Development Authority (Bida).

Rising  freight rates globally for demand recovery and supply disruptions as  well as an increase in transport costs locally owing to a hike in diesel  prices have made it difficult for small-scale cement manufacturers to  compete in Bangladesh.