Metaverse and the future of banking

When the term “metaverse” was first used around 30 years ago by Neal Stephenson, an American speculative fiction writer, in his science-fiction novel, Snow Crash, he could barely have anticipated that the term would be on everyone’s lips in 2022.  
1 October 2022

5pc rice wasted if polished into finer variety

The polishing of rice into a finer variety with a view to attracting higher prices is proving costlier for the country since a sizable volume of grain is wasted whereas prices remain high and imports are required to meet domestic demand. 
1 October 2022

Bangladesh poised to overtake China in apparel export to EU

Bangladesh is poised to overtake China in garment exports to Europe, the world’s largest market, anytime in the near future for work orders shifting its way and its price competitiveness.
1 October 2022

‘5,200 factories inspected by FBCCI, Bida in last one year’

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) along with Bangladesh Investment Development Authority has inspected some 5,200 local factories in the last year to ensure workplace safety.
1 October 2022

CFA Society Bangladesh welcomes 17 new charterholders

The CFA Society Bangladesh today awarded 17 newly qualified investment professionals as Chartered Financial Analyst (CFA).
1 October 2022

Do more to keep financial inclusion momentum going

Bangladesh should do more to keep up its momentum in the area of financial inclusion, expand access and bridge the gender gaps that persist, said a top official of the International Monetary Fund (IMF).  
30 September 2022

PHP launches soundproof glass production

PHP Family, a Chattogram-based business group, launched soundproof glass production yesterday as a part of its expansion aiming to meet the demand for sound protective and energy efficient glass.
30 September 2022

Progress moderate in ending child labour

Bangladesh made moderate advancements last year in efforts to eliminate the worst forms of child labour, according to a report of the US Department of Labor published on Wednesday.
30 September 2022

BB hikes key interest rate by 25 basis points

The Bangladesh Bank yesterday raised its benchmark interest rate by 25 basis points to 5.75 per cent as it stepped up its fight against inflation, which is running at a multi-year high.  
30 September 2022

Send improved varieties, tech to farmers quickly

Improved varieties of crops and production technologies developed by the Bangladesh Agricultural Research Institute (Bari) should be quickly sent to farmers to ensure development in the sector, according to Agriculture Minister Muhammad Abdur Razzaque.
29 September 2022

Turnover drops though stocks end in black

Turnover on the Dhaka and Chittagong stock exchanges declined significantly yesterday owing to the lower participation of investors amid persisting uncertainty although the bourses ended the week in positive territory.  
29 September 2022

Treatment plant opens to end CEPZ water crisis

A water treatment plant set up near the Patenga silo jetty was  inaugurated yesterday to purify 3 million gallons daily from the  Karnaphuli river and meet shortages at 148 factories in Chattogram  Export Processing Zone (CEPZ). 
29 September 2022

Paper Processing’s profit surges 244pc

Paper Processing & Packaging Limited’s profit surged more than 244 per cent year-on-year in the financial year that ended on June 30. 
29 September 2022

DCCI seeks greater market access to Turkey

The Dhaka Chamber of Commerce and Industry (DCCI) has sought investment from Turkey and greater market access to the country in order to boost bilateral trade between the two nations.
29 September 2022

Monospool Paper’s profit soars over 343pc

Bangladesh Monospool Paper Manufacturing Company Limited’s profit jumped more than 343 per cent year-on-year in the financial year that ended on June 30, 2022. 
29 September 2022

Citizens Bank to work as a primary dealer

Citizens Bank PLC has been given the approval to work as a primary dealer for a year, said the central bank yesterday. 
29 September 2022

Does Bangladesh need 5G now?

During a rural market visit a few years ago, I discovered, to my amusement, a keen interest in 5G penetration among the villagers. When I asked why they need 5G at all, as most did not have a smartphone, their shy excuses said it all. And why not, I urged them. There is nothing wrong with dreaming high.
29 September 2022

Meghna EZ drawing Swiss investment

Sika Bangladesh, a subsidiary of Switzerland-based construction chemical manufacturer Sika Group, is investing $6 million setting up a 10,000-square metre factory in Meghna Industrial Economic Zone (Miez) in Sonargaon of Narayanganj. 
29 September 2022

bKash distributes 50,000 books for underprivileged students

bKash has distributed 50,000 books to 74 organisations, including schools and voluntary organisations working for underprivileged and disadvantaged children, in a bid to cultivate a reading habit among them.
29 September 2022

BB nod must for NBFIs to lend to subsidiaries

Non-bank financial institutions (NBFIs) will have to take permission from the central bank to lend to their subsidiaries or associates and waive loans or interests.   
29 September 2022