Bid to regain customer trust

Local e-commerce platforms are organising a 20-day online shopping festival featuring quality products and services in a bid to regain consumer trust in the industry, which has been shrouded by recent controversy.
9 October 2021

State banks themselves are problem-ridden

Nearly three months after Padma Bank submitted its proposal seeking a merger with any state-owned lender, Bangladesh Bank said that state lenders are now plagued by financial health issues due to excessive defaulted loans.
9 October 2021

Law reforms needed for quick settlement

The appellate tribunal should be designed like the administrative appellate tribunal to put an end to the harassment faced by workers when it comes to settlement of disputes, said a lawmaker yesterday.
9 October 2021

Online shopping festival by 20 e-commerce platforms begins tomorrow

Local e-commerce platforms are organising a 20-day online shopping festival as they look to provide quality products and services to the customers to regain trust in the industry hit hard by some recent controversies.
9 October 2021

‘Strengthen work environment to better handle post-graduation challenges’

Bangladesh’s garment sector needs to strengthen its labour and working environment in adherence to the United Nations Guiding Principles (UNGPs) with a view to better handle the post-graduation challenges, experts said today.
9 October 2021

‘Local mutual funds sector has potential to grow 10 times bigger’

Bangladesh has a mutual fund industry of around Tk 15,000 crore and it has the potential to grow at least 10 times bigger, said Prof Shibli Rubayat Ul Islam, chairman of Bangladesh Securities and Exchange Commission (BSEC).
9 October 2021

39 approvals needed to release goods from Ctg port

Entrepreneurs in Bangladesh need as many as 39 approvals from various government agencies before their goods are released from Chattogram port, a sad circumstance that hurts businesses, a new report said.
7 October 2021

Midland Bank reelects chairman, vice chairman

Midland Bank Limited has recently witnessed the reelection of its chairman and vice-chairman at the 115th meeting of its Board of Directors.
7 October 2021

DataBird LaunchPad winners announced

DataBird, a Bangladeshi IT company working on building an internet ecosystem, recently celebrated the winning of six innovative ideas at the Grand Finale of DataBird LaunchPad 2021, held yesterday at the BCC auditorium, ICT Division, Dhaka.
7 October 2021

Heyday for Barishal’s potters as Covid recedes

Most people living in Maheshpur village in Bakerganj upazila of Barishal are involved in the pottery making business.
7 October 2021

BB relaxes banks’ investment rules

Bangladesh Bank yesterday relaxed rules regarding banks’ investment in Treasury bills and bonds in order to help them avoid generating lower-than-expected profits in the secondary bond market.
7 October 2021

Kalurghat factories at high risk of natural disasters: study

The geographical location of Chattogram’s Kalurghat industrial area puts nearly every factory there at high risk of natural disasters, including waterlogging, floods and cyclones, in the next 25 years to 50 years.
7 October 2021

StanChart forecasts 7.2pc GDP growth

Bangladesh’s economic growth will rebound to 7.2 per cent in the current fiscal year, riding on domestic consumption, global recovery, steady flow of remittance and rising exports, said Standard Chartered yesterday.
7 October 2021

‘Cox's Bazar being connected to rest of the country by air for tourists’

State Minister for Civil Aviation and Tourism Md Mahbub Ali today said Cox's Bazar is being connected to different parts of the country by air to attract more tourists.
7 October 2021

Beximco to build Tk 1,700-crore solar power plant

Beximco Ltd is going to build a solar utility-scale power plant in Gaibandha with a cost of Tk 1,700 crore.
7 October 2021

Bangladesh to be a $500b economy by 2026: StanChart economists

Bangladesh’s gross domestic product (GDP) will grow at over 7 per cent in fiscal year 2022 and it will continue growing at the rate, making the country a $500-billion economy by fiscal year 2026, top economists of Standard Chartered said.
7 October 2021

Obhai starts accepting only digital payments

Ride-sharing app Obhai has decided to take digital payments only for its services.
7 October 2021

Stocks fall on profit booking

The stock market fell today as investors booked profits from increased share prices of some big paid-up capital-based companies.
7 October 2021

SBAC Bank suspends 11 officials, including 2 DMDs, over alleged irregularities

South Bangla Agriculture and Commerce Bank (SBAC) has suspended 11 officials, including two deputy managing directors (DMDs), due to alleged irregularities in disbursing loans.
7 October 2021

World Bank raises Bangladesh's growth forecast to 6.4%

The World Bank has projected Bangladesh’s economy to grow at 6.4 per cent in 2021-22 fiscal year, which is 1.3 percentage points up from the global lender's previous forecast.
7 October 2021