Govt confiscated funds of Regent Airways to realise dues

The government has confiscated funds in a bank account of Regent Airways to collect dues, Finance Minister AHM Mustafa Kamal told parliament yesterday. 
10 January 2023

Results of 2022’s labour force survey expected in March

The Bangladesh Bureau of Statistics (BBS) is expected to release its Labour Force Survey (LFS)-2022 by the end of March this year, according to a top official of the planning ministry.
10 January 2023

ICMAB gets new president

Md Abdur Rahman Khan has been elected the president of the Institute of Cost and Management Accountants of Bangladesh (ICMAB) for a one-year term for 2023 in a council meeting yesterday.
10 January 2023

Stocks bounce back, turnover crosses Tk 400cr

Stocks in Bangladesh snapped a three-day losing streak yesterday while turnover of the Dhaka bourse exceeded Tk 400 crore after 14 trading sessions. 
10 January 2023

Fu-Wang Foods to produce puffed rice

Fu-Wang Foods, one of the leading listed confectionary makers, has announced that it would produce puffed rice, which is called muri in Bangla, and sell it under the name “Fuwang Muri”. 
10 January 2023

Taiwanese firm invests $17m in Bay Economic Zone

Makalot Industrial Co Ltd, a Taiwanese readymade garment manufacturer, is going to invest $17 million to produce sports shoes and apparel items at the Bay Economic Zone.
10 January 2023

Tk 25 lakh fine imposed for stocks manipulation

The Bangladesh Securities and Exchange Commission (BSEC) has fined one Md Louthful Goni Tito and his company Shatrong Agro Fisheries Tk 25 lakh for manipulating stock prices of Global Insurance through serial trading. 
10 January 2023

SC disposes of 13 appeals of telcos

The Appellate Division of the Supreme Court yesterday disposed of 13 appeals of mobile phone operators Grameenphone, Robi and Banglalink regarding some payments to Bangladesh Telecommunication Regulatory Commission (BTRC), including VAT on spectrum and licence fees.
10 January 2023

Miga offers up to $1b guarantee to Bangladesh

The commerce ministry is awaiting a decision from the central bank and the finance ministry on using $500 million to $1 billion of foreign loans to import essential commodities on the back of a guarantee from the Multilateral Investment Guarantee Agency (Miga).
10 January 2023

Bangladesh a ‘true global champion’

New World Bank Country Director to Bangladesh and Bhutan Abdoulaye Seck yesterday lauded the economic development of Bangladesh over the years and termed the country as a ‘true global champion’ on various fronts such as GDP growth, poverty alleviation, and women empowerment.
10 January 2023

Stocks snap three-day fall

Stocks in Bangladesh snapped a three-day falling streak today while turnover of the Dhaka bourse crossed Tk 400 crore after 14 trading sessions.
10 January 2023

$4.5bn loan: IMF official due in Dhaka on Jan 14 to finalise deal

International Monetary Fund's (IMF) Deputy Managing Director Antoinette Monsio Sayeh is due in Dhaka on January 14 for a five-day visit, to finalise the agreement for a $4.5 billion loan.
10 January 2023

Barguna’s Rakhine weavers busy making winter clothes

Rakhine weavers in Barguna’s Taltali upazila are passing busy days now as demand for warm winter clothes has surged amid a sharp drop in temperatures. 
10 January 2023

5,683 firms receive registration from RJSC in Jul-Dec

Some 5,683 companies, societies and partnership firms received registration from the Office of the Registrar of Joint Stock Companies and Firms (RJSC) in the first half of the ongoing financial year.   
10 January 2023

Carbon tax and the journey towards net zero

According to the definition published by the United Nations (UN), the ‘net zero’ means cutting greenhouse gas (GHG) emissions, such as carbon dioxide (CO2) emissions, as close to zero as possible, with any remaining emissions being reabsorbed from the atmosphere.
10 January 2023

Bangladesh expands cargo carrying capacity by sea

Bangladesh’s entrepreneurs, encouraged by prospects, tax and VAT benefits, expanded their capacity in oceangoing shipping sector, with the total number of vessels rising to 91, the highest so far, at the end of 2022 from 80 ships a year ago. 
10 January 2023

How Bangladesh’s stock market remains an outlier

Most of the global stock indices plunged last March when the war between Russia and Ukraine escalated but they took only two months before bouncing back despite the conflict-induced turmoil worldwide.
10 January 2023

Cabinet approves draft agri marketing policy

The Cabinet yesterday approved a draft of National Agricultural Marketing Policy, 2023 aiming to ensure fair prices for consumers and maximum benefits for farmers through the modernisation of the market. 
9 January 2023

Vision launches OLED TV

Consumer electronics brand Vision of Pran-RFL Group has launched an OLED TV, a television with display technology based on the characteristics of organic light-emitting diodes (OLED). 
9 January 2023

Sonali Bank introduces new digital services

Sonali Bank has introduced new digital banking services with the aim of bringing technology-based modern banking services to the doorsteps of its clients, especially expatriate Bangladeshis living in any part of the world.
9 January 2023