Major indices of the Dhaka Stock Exchange (DSE) edged upwards yesterday even though turnover dipped below the Tk 500-crore mark as investors opted against making fresh bets amid the ongoing economic crisis.

The Bangladesh Bank yesterday asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.

Businesses from Singapore can invest in Bangladesh’s different sectors, including information technology, pharmaceuticals and hospitality, as the south Asian country offers a wide range of facilities to the foreign investors, trade experts said today.

Bangladesh Bank today extended the deferral support for another six months to settle the import orders of industrial raw materials, agricultural equipment and chemical fertilisers.

The Bangladesh Bank today asked banks to provide freelancers with encashment certificates through mobile financial service (MFS) providers so that they can submit the document at the time of income tax payment.

Singaporean bank DBS today announced that it will be expanding its regional footprint with the establishment of a representative office in Dhaka.

Bangladesh is failing to take full advantage of its export potential because of insufficient logistics infrastructure, said Nihad Kabir, chairperson of the Business Initiative Leading Development (BUILD).

Deployment of migrant workers from Asia is slowly getting back on track after plummeting due to the Covid-19 pandemic during the first quarter of 2020. Some countries are recording departures of migrant workers exceeding pre-pandemic levels.

Commercial activities at an industrial estate of the Bangladesh Small and Cottage Industries Corporation (BSCIC) in Lalmonirhat are gradually winding down as it lacks a business-friendly atmosphere, according to entrepreneurs.

Today, Abdul Karim will complete the second part of the first page of the tax return form.  

Most state-run listed power and energy companies secured higher profits year-on-year during the July to September period while ripple effects of the Russia-Ukraine war, including skyrocketing energy prices, had been turning lives of the masses topsy-turvy. 

Retailers in Bangladesh are feeling the pinch as consumers have been buying less for the last few months because of the continuous increase in the prices of daily necessities and growing uncertainty. 

Bangladesh Securities and Exchange Commission (BSEC) has eased floor price for the block market, which will allow shares to be traded at 10 per cent lower price than the open market.

Loan disbursements by microfinance institutions (MFIs) in Bangladesh witnessed brisk growth in fiscal 2021-22 thanks to the expansion of economic activities in the post-pandemic era.

Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher import costs took a toll on household consumption and businesses.

Orion Pharma Ltd’s profit more than doubled in the July-September quarter of the ongoing financial year of 2022-23.  

Midland Bank recently announced receiving an International Organization for Standardization (ISO) certificate from BSI Group India Private for compliance with international standards over establishing, implementing and maintaining information security management systems. 

Mutual Trust Bank (MTB) and TallyKhata, a digital platform for small and micro businesses in Bangladesh, recently launched an “MTB TallyKhata Digital Loan”, which is essentially working capital loans for small businesses. 

Square Pharmaceuticals Ltd and Square Textiles Ltd, two concerns of Square Group, saw their profit hit by higher expenses in the July-September quarter of 2022-23 owing to higher raw materials and fuel prices and the energy crisis.   

With local consumers showing increasing fondness for cakes, Akij Bakers Ltd (ABL) recently announced its entry into the segment to win buyers and grab the market.