Soybean imports to rise for a hike in crushing by local mills

Bangladesh’s soybean imports will likely grow 33 per cent in marketing year (MY) 2021-22, beginning in October and ending in September, thanks to the increased oilseed crushing capacity of local mills.
18 January 2022

SS Steel’s earnings up

Chattogram-based steel producer SS Steel recorded a marginal increase in its year-on-year earnings in the July-September period of 2021.
18 January 2022

Stocks undaunted amidst Omicron

Participation of investors in the stock market continued to rise yesterday in spite of apprehensions over deterioration of the pandemic.
18 January 2022

Asean poised for post-pandemic inclusive growth – here’s why

The Covid-19 pandemic caused global investment activities to fall amid economic uncertainties, lockdowns, supply chain disruptions and postponement of investment by multinational enterprises.
18 January 2022

Toyota yearly production target hit by chip shortage

The world’s top-selling carmaker Toyota said Tuesday it no longer expects to meet its annual production target with operations hampered by the global chip crunch.
18 January 2022

Focus on light engineering, plastic for faster export growth

Bangladesh needs to shift its product concentration to sectors like plastics and light engineering so that it can gradually move upwards in its industrialisation pathway, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday.
18 January 2022

Little perks for good firms going public

Over the last year, the stock market regularly maintained a uniform rule for price discovery of companies willing to issue shares with premium prices instead of the fixed price method.
18 January 2022

Light engineering, plastic key for faster export growth now: senior commerce secretary

Bangladesh needs to shift its product concentration to sectors like light engineering so that it can gradually move upwards in its industrialisation pathway, Senior Commerce Secretary Tapan Kanti Ghosh said today.
18 January 2022

Stock investors' participation rises despite Omicron fears

Participation of investors in the stock market continued to rise today despite the fear of deterioration of the pandemic situation amid the bullish market.
18 January 2022

Most CEOs expect global growth to improve: PwC survey

As many as 77 per cent of chief executive officers (CEO) expect global economic growth to improve this year while only 15 per cent anticipate weaker conditions, as per a PricewaterhouseCoopers (PwC) survey revealed yesterday.
17 January 2022

Stocks keep gaining

Dhaka stocks finished higher yesterday as investors showed higher interest in telecommunication, pharma and banking shares.
17 January 2022

Tulip cultivation a potential boon for Tentulia

Tulips are being grown all over Sharialjoth village in Tentulia upazila of Rangpur’s Panchagarh district in a bid to increase tourism and boost the regional economy, according to local officials.
17 January 2022

Millers won’t buy jute for over Tk 3,000 per maund

Jute millers and spinners have collectively decided that they will not buy the natural fibre for more than Tk 3,000 per maund from January 20 onwards in the face of rising costs.
17 January 2022

Ctg customs foil bid to launder Tk 1.6cr

Chattogram Customs House has seized a consignment on charges of laundering Tk 1.6 crore by exporting 22 times more goods than the declaration.
17 January 2022

Grading restaurants based on standards see little progress in 3 years

Plans  to bring the country’s restaurants and bakeries under a grading system  according to their standards have seen little progress in three years.
17 January 2022

TINs of firms surge, but return filing sluggish

The National Board of Revenue (NBR) has seen a massive surge in registrations for Taxpayer Identification Numbers (TIN) by companies, mainly due to its increased monitoring and efforts to bring all registered firms under the tax net.
17 January 2022

Bangladesh-US tie is stronger now, diplomats say at envoy Miller's farewell

The economic and business tie between Bangladesh and the US is stronger than the previous normal time because of having a warm relationship between the two countries despite severe fallouts of the Covid-19 pandemic, said John D Dunham, economic and Indo-Pacific Affairs Unit chief of the US embassy in Bangladesh.
17 January 2022

Build legal basis before forming new industrial policy: FBCCI standing committee

The government is going to formulate the National Industrial Policy 2021 whereas the existing one could not be implemented properly due to a lack of legal basis, said the FBCCI's standing committee on industry and industrial policy today.
17 January 2022

Bill placed in parliament to boost revenue from tourism sector

Bangladesh Tourism Corporation (Amendment) Bill, 2022 was placed in Parliament today in a bid to make the existing law a time-befitting one for earning more revenue from the tourism sector.
17 January 2022

HC allows Evaly to withdraw Tk 2.35cr

The High Court yesterday allowed the controversial e-commerce platform Evaly to withdraw Tk 2.35 crore from its accounts with Southeast Bank and City Bank for running the company, including paying remuneration for the board formed by the court.
16 January 2022