The rising cost of doing business has made it difficult for local entrepreneurs to survive in the global competition, according to the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).

Stocks in Bangladesh yesterday returned to the green territory following two days of decline while turnover of the country’s premier bourse in Dhaka took a dive.

This was supposed to be the comeback year for the world economy following the Covid pandemic.

Bangladesh Bank yesterday removed five directors of Uttara Finance and Investments Ltd (UFIL) in order to reconstruct the board of directors of the non-bank.

Local textile millers yesterday expressed concern that they would lose business if letters of credit (LCs) were settled in taka, the local currency, instead of the US dollar. 

The Bangladesh Road Transport Authority (BRTA) has again extended the deadline for allowing the purchase of motorcycles without a valid driver’s licence for the next two months.

The government today honoured 76 individual highest taxpayers, including Transcom Group Chairman Shahnaz Rahman, The Daily Star Editor and Publisher Mahfuz Anam, and Prothom Alo Editor Matiur Rahman, for depositing the highest amount of taxes to the state coffer in 2021-22 fiscal year.

A total of 97.4 per cent households have mobile phones in the country, but 63.1 per cent of them do not feel the need to use internet, according to the preliminary report of a national survey.

Stocks returned to the green today after falling for two consecutive days, but the turnover of the Dhaka Stock Exchange (DSE) experienced a fall.

The National Board of Revenue today said it will accept tax returns from individual taxpayers on the first day of January 2023.

Flower farmers in Gadkhali union of Jashore are expected to rake in about Tk 35 crore in the upcoming sales season, which begins with new year celebrations followed by Pahela Falgun, Valentine’s Day and International Mother Language Day.

Around a dozen local companies supplied materials such as rods, steel products and cement for the construction of the country’s first metro rail, signifying that products made in the country are achieving international standards.  

Bangladesh Bank yesterday decided to dissolve the board of directors of the Uttara Finance and Investments over major financial irregularities involving Tk 5,100 crore it had unearthed two years ago. 

Social Islami Bank gets nod to raise funds of Tk 600 crore by issuing non-convertible, unsecured, mudaraba subordinated floating rate bond.

More than three years after the release of a preliminary report on the Agriculture Census-2019, the Bangladesh Bureau of Statistics (BBS) yesterday unveiled the final results without providing an actual estimate on the number of farmers in the country.

UCB Foundation, a non-profit organisation of United Commercial Bank, signed a memorandum of understanding (MoU) with the National Institute of Cardiovascular Diseases & Hospital for the treatment of underprivileged children with heart diseases.

ASM Mohiuddin Monem, additional managing director of Abdul Monem and chairman of ServicEngine, has been named as one of the highest income taxpayers under the Cumilla tax zone for fiscal year 2021-2022. 

Stocks continued to drop for a second consecutive day yesterday while turnover rose as many investors tried to sell shares apprehending that listed companies would perform poorly in the coming months. 

Bangladesh Securities and Exchange Commission (BSEC) has approved Islami Bank’s fourth subordinated bond worth Tk 800 crore.

Pubali Bank has got go-ahead to raise Tk 700 crore through its third subordinated bond.