Stocks maintain gaining streak

Bank stocks contributed the most as the market index continued to rise for a fourth consecutive day yesterday.
17 August 2021

NBFIs asked to ensure credit discipline

The Bangladesh Bank yesterday asked non-bank financial institutions to release approved loans to bank accounts owned by genuine borrowers.
17 August 2021

IFC commits $791m for private firms

The International Finance Corporation (IFC) has committed $791 million to support Bangladesh’s businesses amidst the coronavirus pandemic.
17 August 2021

Spinners won’t cut yarn price

Spinners are unwilling to reduce the prices of yarn in local markets even though apparel and terry towel exporters have demanded as much in order to remain competitive at the international level.
17 August 2021

Anwar Galvanizing to double production capacity

Anwar Galvanizing, a listed concern of the Anwar Group of Companies, has decided to double its production capacity within 2022 investing Tk 27 crore.
17 August 2021

Cash incentive on loans for women-owned SMEs

Bangladesh Bank yesterday declared a cash incentive on dedicated small and medium enterprise (SME) loan programmes for female entrepreneurs.
17 August 2021

Another e-commerce site in trouble

Hours after a consumer sued eorange for not delivering products against payment, two former owners of the e-commerce platform yesterday surrendered before a Dhaka court which sent them to jail, rejecting their bail pleas.
17 August 2021

Commerce ministry asks e-orange to give info about its assets, liabilities by 7 days

The commerce ministry today issued a show cause notice to e-orange asking them to provide information about the amount of assets and liabilities of the e-commerce company within seven days.
17 August 2021

Provide cash incentives to foreign investors: Japanese envoy to govt

Japanese Ambassador to Bangladesh Ito Naoki urged the Bangladesh government to provide cash incentives to the foreign investors in the country.
17 August 2021

Korean mentoring programme for five Bangladeshi startup teams ends

A demo-day and closing ceremony of Korea’s six-month-long mentoring programme for five Bangladesh startup teams were held virtually today with the presence of Ambassador Lee Jang-keun and ICT State Minister Zunaid Ahmed Palak.
17 August 2021

Closure of jute mills: Workers in Khulna demand arrears, reopening of factories

Workers of two Khulna jute mills which were earlier shut down today demonstrated demanding reopening of closed mills and payment of all dues.
17 August 2021

Stocks rise for fourth consecutive day

The stock market continued to rise for the last four consecutive days, pushing the benchmark index to hit a new high today.
17 August 2021

Anwar Galvanizing's Tk 27cr plan to double galvanised item production

Anwar Galvanizing, a listed concern of Anwar Group, has decided to double its capacity to produce galvanised products within 2022.
17 August 2021

E-orange owners, staff sued for embezzling Tk 1,100 crore of customers

Customers have filed a case against owners and staff of e-commerce platform E-orange for reportedly embezzling around Tk 1,100 crore by not delivering their products.
17 August 2021

Kuakata to reopen to tourists Thursday

After 139 days of closure, tourist attractions in Kuakata will reopen on Thursday (August 19).
17 August 2021

IFC to invest in Bangladesh, South Asian countries to produce Covid-19 vaccine

In the context of Covid-19, International Finance Corporation (IFC) will invest in the pharmaceutical industry, including vaccine production in Bangladesh and other South Asian countries.
17 August 2021

Stocks maintain upward curve

The stock index has continually soared for the past three days, lifting the benchmark index of Dhaka Stock Exchange (DSE) to a new high yesterday, while junk stocks were the top gainers.
16 August 2021

Govt signs 50m euro financing deal with AFD

The government recently signed a €50 million credit facility agreement with the Agence Française de Développement (AFD) to accelerate Bangladesh’s economic transition to a green economy.
16 August 2021

Trade thru Benapole suspended

Import and export activities through Benapole land port have remained suspended since yesterday morning due to protests from Indian traders for allegedly being harassed by India’s Border Security Force (BSF).
16 August 2021

Chinese firm to invest $6m in Dhaka EPZ

Chinese company Kaixi Fashion Bangladesh Co Ltd plans to invest $6 million to establish a lingerie manufacturing factory in the Dhaka Export Processing Zone.
16 August 2021