Durga Puja sales exceed expectations

Shopping centres, fashion houses and other retail outlets in Dhaka found a reason to smile on the occasion of Durga Puja, the biggest annual festival for the Hindu community which begins today, with traders saying sales had exceeded expectations.
20 October 2023, 06:33 AM

Banks asked to disburse remittance in two days

Bangladesh Bank has asked banks to disburse remittances among beneficiaries within two days of receiving it from senders abroad..The central bank framed rules in 2014 stipulating that the disbursement must be made within two days to encourage remittance transfers through formal channels.
20 October 2023, 06:00 AM

Delta Life’s audit committee chair changed

The Supreme Court’s Appellate Division yesterday changed the chairman of the audit committee of Delta Life Insurance Company Limited and gave the insurer another two months to hold its annual general meetings (AGMs) for 2020, 2021 and 2022.
19 October 2023, 18:05 PM

Runner Auto incurs losses of Tk 88cr

Runner Automobiles, one of the large listed automobile companies, incurred losses of around Tk 88 crore in the fiscal year 2022-23, mainly due to lower sales as a consequence of the macroeconomic situation and the Ukraine-Russia war.
19 October 2023, 17:59 PM

Renewable energy can create 9,300 jobs by 2030

The nation’s power sector will create at least 9,300 jobs in the renewable energy sector if the government can fulfil its target of renewable energy usage by 2030, a study conducted by the Centre for Policy Dialogue (CPD) found yesterday.
19 October 2023, 17:59 PM

Pressure on external sector of economy to persist

Pressure on the external sector of Bangladesh's economy is expected to persist in the current financial year, said a top official of the World Bank yesterday
19 October 2023, 17:59 PM

Greeting the new data guideline

In today's modern era, most parents have concerns about their children’s screen time. While we delude ourselves saying the problem is mainly with the new generation and is still reversible, the real test would be to spend a day or a week without a smartphone with all its goodies like Instagram, WhatsApp, Facebook, etc! Forget about the kids; try it on yourself first. Your misery is likely to melt the heart of even your Creator!
19 October 2023, 15:38 PM

Govt to provide incentive for hybrid rice cultivation

The government is going to provide Tk 90 crore as an incentive this year to encourage the cultivation and production of hybrid varieties of rice in this year’s boro season.
19 October 2023, 15:11 PM

Five organisations, one individual recognised

UNDP Bangladesh, Bangladesh Hi-tech Park Authority, the Digital Security Agency of the ICT Division gave the awards
19 October 2023, 13:16 PM

Trade thru land ports suspended for Durga Puja

Trade between Bangladesh and India through the five operational land ports under Rangpur division will remain suspended for periods ranging from five to eight days in observance of Durga Puja, the biggest religious festival of the Hindu community. .However, there will be no suspension of
19 October 2023, 11:47 AM

Forex reserve slips below $21 billion 

The reserves stood at $20.96 billion on October 18
19 October 2023, 11:24 AM

High inflation to persist in Bangladesh: World Bank

WB Country Director Abdoulaye Seck says at AmCham meeting
19 October 2023, 11:06 AM

NBR plans Tk 532cr project for six buildings in six regions

The National Board of Revenue (NBR) plans to undertake a Tk 532 crore project for infrastructure development outside the capital in order to safeguard taxpayers’ files and expand the tax net to collect more revenue.
18 October 2023, 18:29 PM

No IMF-prescribed reform before elections

The government has informed the International Monetary Fund (IMF) that it would not initiate any major reforms to enhance foreign exchange reserves and revenue earnings and reduce subsidies before the upcoming parliamentary elections..However, the government promised that drastic reforms w
18 October 2023, 18:10 PM

Small farmers going thru hardship: experts

Small and marginal farmers are increasingly finding it difficult to sustain their livelihoods based on prevailing crop practices, marketing channels and value chains, said experts yesterday.
18 October 2023, 18:05 PM

Market-driven exchange rate not before national polls

The exchange rate volatility and its strain on the foreign currency reserves would not disappear anytime soon after Bangladesh Bank Governor Abdur Rouf Talukder yesterday said a floating US dollar rate would not be materalised before the upcoming national election.
18 October 2023, 18:03 PM

Climate adaptation investment can deliver 10-fold returns for Bangladesh

Positive climate action at scale has never been more urgent. For Bangladesh, a low-lying and densely populated country which finds itself on the frontlines of climate change, this need is more pressing than others.
18 October 2023, 18:01 PM

Concerns rise as India extends ban on sugar export

Sugar supply will remain tight in the global market as India yesterday extended its ban on the export of the sweetener beyond October this year in an effort to increase domestic availability and contain prices, said officials of two local refiners.
18 October 2023, 17:43 PM

Nations should liberalise trade: ICC chair

Countries, including Bangladesh, should open up and liberalise their economies as it has been proven with sufficient data that countries which have done so have grown economically.
18 October 2023, 17:39 PM

Concerns rise as India extends ban on sugar export

The ban has been extended until October 31 this year
18 October 2023, 15:57 PM