Huawei revenues down 29pc

Chinese telecom giant Huawei said on Friday its annual revenue had fallen by nearly a third from the previous year, as it continued to be weighed down by US sanctions that have hit its smartphone sales.
1 January 2022

Tax return deadline ends today

Today is the last day for submission of tax returns although the deadline was two days back on Friday, December 31, 2020, which being a weekend had prompted the National Board of Revenue to shift the cut-off day to a workday.
1 January 2022

Businesses look to brighter 2022

Businesses in Bangladesh hope that 2022 would be better than the previous two years as their optimism grew thanks to the ongoing strong recovery from the coronavirus pandemic. 
1 January 2022

DITF kicks off in new venue

The month-long 26th Dhaka International Trade Fair (DITF) opened to visitors on its new premises at Bangabandhu Bangladesh-China Friendship Exhibition Centre in Purbachal yesterday showcasing goods from around the world.
1 January 2022

Banks glowing with paper profit

Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans.
1 January 2022

Kabir Ahmed re-elected as president of freight forwarders' association

Kabir Ahmed has been re-elected as the president of the Bangladesh Freight Forwarders Association (BAFFA) for two years until 2023.
1 January 2022

Ctg port posts 13% annual growth in container handling

Bangladesh’s premier seaport in Chattogram handled record number of containers in 2021 and also posted over 13 per cent year-on-year growth in container handling.
1 January 2022

Economy 2021: Back on track from ravages of pandemic

Most operators are back behind the machines, so are the small traders, private service holders, vendors and domestic helps.
30 December 2021

Mercantile Bank opens 35 agent banking outlets

Mercantile Bank launched 35 agent banking outlets across the country yesterday to provide basic banking services to the unbanked population.
30 December 2021

HSBC completes first insurance backed receivables finance transaction

The Hongkong and Shanghai Banking Corporation (HSBC) in Bangladesh has recently completed the country’s first insurance backed receivables finance transaction for MBM Garments.
30 December 2021

Brac Bank gets BB’s top SME stimulus disbursement recognition

Bangladesh Bank (BB) has recognised Brac Bank for its role in the implementation of the first phase of a Covid-19 stimulus package for cottage, micro, small and medium enterprises in financial year 2020-21.
30 December 2021

Trade with S Korea sees stellar growth

Bilateral trade between Bangladesh and South Korea reached a record high of $2.01 billion from January and November this year, registering a 54.6 per cent year-on-year growth.
30 December 2021

Dhaka trade fair begins tomorrow

Cancelled  in 2020 for rising coronavirus cases, the annual Dhaka International  Trade Fair (DITF) is making a comeback, beginning tomorrow at its new  venue in Purbachal.
30 December 2021

BB eases loan classification rules

The Bangladesh Bank yesterday eased its loan classification policy for all borrowers following demand from the country’s top trade bodies, including the FBCCI.
30 December 2021

Time to reset financial goals

People across the world are eagerly waiting to welcome 2022. And, this is the perfect time to assess your financial goals and evaluate what is working and what is not in order to have a better life in a turbulent time.
30 December 2021

2021: a year of regaining confidence in stocks

The outgoing year bears special significance for Dhaka stocks for quite a number of developments.
30 December 2021

Three white knights of economy

Agriculture, exports and remittances have been the key pillars of Bangladesh’s economy for much of its history.
30 December 2021

Mongla EPZ opens dormitory for female workers

Mongla Export Processing Zone (EPZ) has opened a dormitory for female workers, the first such facility in the country’s eight manufacturing enclaves, to solve their accommodation problems.
30 December 2021

Govt to build 660MW plant in Mirsarai

The government is going to build a 660-megawatt gas or liquified natural gas-based power plant in Mirsarai of Chattogram.
29 December 2021

Luxury car sales in fast lane

Sales of sport utility vehicles (SUV) and luxury cars grew at an annual average of 39 per cent in Bangladesh in the past decade as more people, armed with rising income, are buying automobiles in higher numbers.
29 December 2021