Stock turnover well over Tk 2,500cr

The stock market turnover went well over Tk 2,500 crore yesterday, which was encouraging for investors.
10 June 2021

Nialco debuts on CSE

Stocks of Nialco Alloys made their trading debut yesterday, marking the first such exchange for the Chittagong Stock Exchange’s (CSE) board for small and medium enterprises (SMEs).
10 June 2021

Local firm exporting saplings to Qatar

Bangladesh is now playing a part in Qatar’s initiative of turning deserts into greenery, thanks to local firm which is exporting saplings.
10 June 2021

How to maximise tax benefits?

When Finance Minister AHM Mustafa Kamal unveiled his plans for the next fiscal year, many had expectations that the minister would offer some relief to individual taxpayers and enable them to have higher disposable incomes to tide over the pandemic days.
10 June 2021

Raise tariff on imported tiles

Ceramics makers yesterday demanded an increase in the tariff on imported tiles and withdrawal of the local supplementary duty on tiles and sanitary products to protect the domestic industry.
10 June 2021

Regulatory environment should improve further

Bangladesh needs to bring in further progress to the business regulatory environment in order to retain and attract foreign investors, said the top leader of the trade body of global firms operating in the country.
10 June 2021

Man behind the rise of Butterfly

Butterfly Group has made its name in Bangladesh with its consumer electronics available on hire purchase, transforming in 34 years from just three outlets to employing around 2,000 employees and having an annual turnover of Tk 850 crore.
10 June 2021

Bangladesh’s stock market a hidden gem: HSBC

Thanks to the potential of the country’s listed companies, HSBC has termed Bangladesh’s stock market as a “hidden gem” for fund managers.
10 June 2021

BCI demands 10-year tax holiday for small, medium enterprises

Bangladesh Chamber of Industries (BCI) today demanded tax holiday facility for the cottage, micro, small and medium enterprises (CMSMEs) for 10 years as those units have been facing a crisis during the pandemic.
10 June 2021

Relief for customers as BB lowers charges on deposits, loans

The central bank today lowered charges on the deposits and loans, bringing an end to the excessive fees and commissions levied by many banks on customers.
10 June 2021

Jamuna teams up with Bashundhara LP Gas to increase auto gas sales

State-run listed company Jamuna Oil has teamed up with Bashundhara LP Gas Ltd to increase the sales of liquefied petroleum gas (LPG) around the country.
10 June 2021

Allow tourist spots to reopen at half capacity, Toab demands

Tour Operators Association of Bangladesh (Toab) today demanded reopening of tourist spots at half capacity and in compliance with health safety measures to save several lakh people involved in the sector, saying it incurred losses equalling Tk 20,000 crore in the last year due to the pandemic.
10 June 2021

Malaysia’s Top Glove profit soars on pandemic demand

Top Glove Corp Bhd, the subject of a US import ban over concerns about forced labour, is waiting for customs authorities there to verify remedial action it has taken on workers’ recruitment fees, the Malaysian firm said on Wednesday.
9 June 2021

India’s private equity investments hit record

Private equity investments in India rose 38 per cent to hit a record high of $62.2 billion in 2020 despite uncertainty caused by the coronavirus crisis, a private equity report showed on Wednesday.
9 June 2021

Pandemic seen driving southeastern Europe warehouse boom

Logistics and warehouse companies are accelerating expansion plans in southeastern Europe where business is expected to boom as the pandemic spurs manufacturers to relocate operations close to main markets.
9 June 2021

Chapainawabganj mango sales picking up

Mangoes have been available at various markets across Chapainawabganj for some time now but sales have only just started to pick up in the face of nationwide restrictions on public movement aimed at curbing the recent resurgence of Covid-19.
9 June 2021

$25b export to China possible by 2030

Bangladesh’s exports to China, the world’s second biggest economy, will grow to $25 billion if local suppliers can grab an additional 1 per cent share of the Chinese market by 2030, according to a study released yesterday.
9 June 2021

Dhaka Bank arranges $40m in foreign financing

Dhaka Bank has mobilised foreign funds amounting to $40 million at a cheap interest rate for Chandpur Power Generations.
9 June 2021

Digital database key to safety net for poor

Building a digital database of the poor is crucial for bringing the new and urban poor under social safety net programmes as the pandemic pushed many people, especially those in urban areas, into poverty, an economics professor told a webinar yesterday.
9 June 2021

Kamal rejects new poor data of think tanks

Finance Minister AHM Mustafa Kamal yesterday refused to accept data on the new poor released earlier through surveys conducted by private research organisations to measure the effects of the Covid-19 pandemic-induced income losses.
9 June 2021