This year’s GP Accelerator to have 6 start-ups onboard

Grameenphone has recently on-boarded the seventh batch of ‘GP Accelerator’ to provide six start-ups with investment readiness support such as company valuation, fundraising, legal paperwork for expanding beyond borders and attracting investment.
12 February 2022

Tax exemptions to be given for fish processing industry: minister

Bangladesh Fisheries Development Corporation is establishing a world-class dry fish processing industry in Cox’s Bazar and the government will extend tax exemptions to the businesses which will import machineries or take initiatives for such industry in the country, Fisheries and Livestock Minister SM Rezaul Karim said today.
12 February 2022

Bank Asia wins remittance award

Bank Asia Ltd has been awarded “Remittance Award 2021 and 2022” by the Center for NRB, a non-profit research organisation for non-resident Bangladeshis.
10 February 2022

Tap offers cashback on mobile recharge

Mobile financial service provider Trust Axiata Pay (tap) has brought cashback offers on mobile recharges.
10 February 2022

Banglalink clinches Ookla Speedtest Award four times straight

Banglalink has won Ookla’s recognition as the fastest mobile network in the country for the fourth consecutive time.
10 February 2022

BATBC posts 37pc higher profit

The British American Tobacco Bangladesh Company (BATBC), a listed cigarette maker, logged 37 per cent higher profit in 2021.
10 February 2022

Ice cream makers pass tough times despite higher sales

Local ice cream producers are going through tough times in spite of logging higher sales in 2021 as they are having to bear higher prices of raw materials amidst the coronavirus pandemic.
10 February 2022

Stocks end flat

Shares on the Dhaka Stock Exchange (DSE) were almost flat yesterday while turnover rose slightly amid the intensification of the coronavirus pandemic.
10 February 2022

Extend bonded warehouse benefit to non-garment firms: BUILD

Non-garment exporters should be allowed to import raw materials duty-free under the bonded warehouse privilege as it would help diversify the country’s export basket, the Business Initiative Leading Development (BUILD) said yesterday.
10 February 2022

Kamal defends spike in GDP growth

Finance Minister AHM Mustafa Kamal yesterday defended the unexpected spike in gross domestic product (GDP) growth in the fiscal year of 2020-21, giving credits to expansionary monetary policies and progress in all economic indicators.
10 February 2022

Railways asks ERD to search for funds

The railways ministry has asked the Economic Relations Division (ERD) to search for funds for a project to convert the Akhaura-Sylhet rail track into dual gauge from metre gauge.
10 February 2022

Improved cook stoves: saving lives, cutting fuel cost

Samiul Islam, a resident of Fulgachh village in Lalmonirhat sadar upazila, began his journey as a sole proprietorship several years ago by peddling sanitary products to low-income households in the area.
10 February 2022

Apparel export to India rising fast

Riding on the zero-duty trade benefit and competitive prices, the shipment of apparel items to India is growing fast, a development that would help Bangladesh narrow its trade gap with the neighbouring country.
10 February 2022

BB asks state banks to rope in more private lenders

With Bashundhara Group seeking to borrow from state banks to establish a gold refining plant at Tk 5,790 crore, Bangladesh Bank yesterday asked five public sector banks to include more private lenders in the syndicated finance scheme to mitigate credit risks.
10 February 2022

Range Rover of Evaly’s Rassel sold in auction at Tk 1.81 crore

The Range Rover, a luxurious vehicle used by Evaly's former Chief Executive Mohammad Rassel, was sold at Tk 1.81 crore at an auction in the capital’s Dhanmondi today.
10 February 2022

Dhaka stocks remain flat

Stocks in Dhaka remained almost flat today while turnover rose slightly amid the intensification of the coronavirus infections.
10 February 2022

EU to make $21m climate-smart investment in Bangladesh, South Asia

The European Union (EU) has allocated a fund of $21.5 million to help accelerate climate-smart and inclusive infrastructure investments in Bangladesh and five other South Asian countries.
10 February 2022

Troubled NBFIs render Tk 1,000cr bank loans sour

Twenty-five banks are suffering from a collective default loan of Tk 974.4 crore after several non-bank financial institutions (NBFIs) failed to pay back funds despite maturity, in another sign of feeble state in the financial industry.
9 February 2022

Humaira one of top 10 influential women in Cambridge IFA’s report

Humaira Azam, managing director of Trust Bank, has been recognised as one of the top 10 influential women in Islamic business and finance in the world by UK-based financial intelligence house Cambridge IFA in its WOMANi Report 2021.
9 February 2022

Bangladeshi entities win 21 SAFA awards

Different Bangladeshi companies and entities collectively won 21 awards at the SAFA Best Published Annual Reports Award Competition 2020.
9 February 2022