Turnover drops despite stocks rising

Turnover at the Dhaka Stock Exchange (DSE) fell by about 20 per cent yesterday as investors adopted a wait-and-see approach even though major indices continued to move upward.
9 February 2022

Centuries-old fish fair draws thousands

A fish fair believed to be centuries old was held in a festive mood in Bogura yesterday in spite of a ban imposed by the district administration for the pandemic.
9 February 2022

FICCI for adopting MFS, agent banking as payment mode

The foreign investors’ chamber yesterday urged the revenue authority to formalise the adoption of mobile financial service (MFS) and agent banking as a mode of collection or payment in all tax laws.
9 February 2022

MCCI demands further cut in corporate tax

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday demanded the government reduce corporate tax in the national budget this year as well in order to bring the rate to a rational level.
9 February 2022

bKash fetches freelancer’s remittance in seconds

bKash has given the country’s burgeoning freelancer community reason to cheer as they can now receive payments through the mobile financial service (MFS) provider within a few seconds
9 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

Stocks up despite fall in investor participation

The Dhaka Stock Exchange experienced a fall in investor participation today as they adopted a wait-and-see policy, but its index, however, managed to end the day in the black.
9 February 2022

ACI Motors celebrates Yamaha Rose Day-2022

ACI Motors, the sole distributor and technical collaborated partner of Yamaha motorcycles in Bangladesh, celebrated Yamaha Rose Day-2022 in the country on Monday.
9 February 2022

Brac Bank, MBL Asset Management sign custodial service deal

Brac Bank has signed a custodial service agreement with MBL Asset Management on Sunday to provide support for the operation of ‘Mercantile Bank Unit Fund’, a new open-ended mutual fund.
8 February 2022

NBR to complete bond automation by 2023

The government’s bonded warehouse facility for businesses will be completely automated by 2023 so that no one can gain illegal benefit from the system, said Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR), yesterday.
8 February 2022

Forget govt support

The National Board of Revenue (NBR) has suggested local entrepreneurs focus on capacity building to become more competitive rather than seeking government support over the coming years.
8 February 2022

Mobile, internet users grow in 2021

The number of mobile subscribers in December rose about 6 per cent year-on-year to 18.10 crore, data from Bangladesh Telecommunication Regulatory Commission showed yesterday.
8 February 2022

Four-day handloom festival begins today

A four-day fair on handloom products titled “Heritage Handloom Festival 2022” kicks off today at the Gulshan shooting club in the capital, open for all from 10:00am to 8:00pm.
8 February 2022

Bangladesh’s economic transformation and FDI

Over the last two decades, Bangladesh has achieved significant economic progress, epitomised by the fact that the country’s GDP, according to the World Bank, grew more than six-fold in real terms from $53.37 billion in 2000 to $324.24 billion in 2020.
8 February 2022

Cage fish farming gaining popularity

Kabir Chowdhury, who hails from Dotto Pungoli village in Pabna’s Faridpur upazila, became unemployed about 10 years ago after suffering huge losses in his cattle feed business.
8 February 2022

BSEC orders selling Tamha Securities assets

The Bangladesh Securities and Exchange Commission (BSEC) has ordered the managing director and directors of Tamha Securities to sell its assets and deposit the proceeds at Dhaka Stock Exchange (DSE) by May 31.
8 February 2022

BPC counts Tk12cr loss daily for higher diesel price

The government is counting a loss of Tk 12.40 crore per day in selling diesel to customers as the price of the most-consumed fuel in Bangladesh is on the rise in the global markets.
8 February 2022

Spike in GDP growth: hard to fathom

There was no doubt that the growth in gross domestic product (GDP) in FY21 was better than the growth in FY20 even though the pandemic was present with all its ferocity in both years.
8 February 2022

Economy posts blistering growth in FY21

Despite the second wave of the coronavirus pandemic, Bangladesh’s economy pulled off a stunning 6.94 per cent growth in the last fiscal year, way higher than the initial estimate.
8 February 2022

Taufika Foods and Lovello Ice Cream now an A category company

The stock market regulator has upgraded Taufika Foods and Lovello Ice Cream to an A category company as the company has completed giving over 10 per cent dividend.
8 February 2022