D-8 wants to make PTA operational by Oct

The members of the D-8 Organisation for Economic Cooperation want to make the Preferential Trade Agreement (PTA) operational by October this year, as the bloc targets taking the intra-regional trade nearly three times to $400 billion by 2030.
27 July 2022

Use China’s Renminbi as second currency for imports: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) today suggested the central bank should consider China’s Renminbi (RMB) as a second currency for international trading, especially for importing raw materials from China.
27 July 2022

Stock trading rules for SME board tightened

The Bangladesh Securities and Exchange Commission (BSEC) has tightened one condition for trading shares on the SME board slightly after criticisms that easy access made the market index overvalued.
27 July 2022

Paramount Textile to offload preference shares

Paramount Textile, a listed textile company, has got regulatory approval to offload preference shares to raise a fund of Tk 150 crore.
27 July 2022

Austerity measures: Fire service reduces patrol duty from 92 to 24 spots

The Department of Fire Service and Civil Defence has reduced its patrol duty to 24 important spots from 92 as part of austerity measures and to save 20 percent of their allocated fuel.
27 July 2022

Banks asked not to buy any vehicle in next one year

The Bangladesh Bank today asked banks not to purchase any vehicle in the next one year as part of the government’s efforts to cut import payments to tackle the ongoing forex volatility.
27 July 2022

‘Improved logistics can boost Bangladesh’s exports by 20%’

Bangladesh is failing to utilise 20 per cent of its export potential because of poor logistics services in ports, roads and clearance services in Chattogram port, an economist said today.
27 July 2022

BB’s surprise visit to money changers cuts dollar price

Ten inspection teams of Bangladesh Bank today went for surprise visits to different money changers’ shops in Dhaka city to investigate whether they are hoarding US dollar to intentionally hike the rate of the greenback against the taka.
27 July 2022

‘Work on youths to utilise demographic dividend’

Bangladesh should work on the young population now for future development as the country has only 15 years left to reap the benefits of the demographic dividend, an economist said today.
27 July 2022

Non-banks asked to cut energy bills by 25%

The Bangladesh Bank today asked non-bank financial institutions (NBFIs) to cut their energy bills by at least 25 per cent.
27 July 2022

Requesting IMF loan doesn’t mean anything is wrong with economy: Finance Minister

Confirming Bangladesh’s request for a loan from International Monetary Fund (IMF) Finance Minister AHM Mustafa Kamal has said that it does not mean the country's economy is in bad shape.
27 July 2022

Stocks tumble after a two-day rise

Shares on the Dhaka Stock Exchange tumbled again snapping the last two days’ gaining streak.
27 July 2022

Most Chattogram stocks in red

Most shares on the Chittagong Stock Exchange (CSE) opened lower today.
27 July 2022

Dhaka stocks snap gaining streak

The Dhaka Stock Exchange (DSE) fell today breaking the last two days’ gaining streak.
27 July 2022

Heat, red spider mites threaten tea yields

Tea farmers in Moulvibazar might not get the expected yield this year as they are struggling to irrigate their plantations in the face of inadequate rainfall, which has also given rise to a red spider mite infestation that is eating away at the crops.
27 July 2022

SME Foundation to lend Tk 400cr to small businesses

SME Foundation will provide another Tk 400 crore in loans to entrepreneurs of small and medium enterprises (SMEs), especially women, to overcome pandemic losses, accelerate economic recovery and improve the quality of life in rural communities.  
27 July 2022

CEPA with India should be partially reciprocal

The proposed comprehensive economic Partnership agreement (CEPA) with India should be partially reciprocal, not fully, as India has a big economy and a huge basket of diversified products for export, said economists and businesses.
27 July 2022

Despite huge hype, Biman’s first Toronto flight half empty

In spite of massive preparations undergoing for long, Biman Bangladesh Airlines’ much-awaited maiden commercial flight on the Dhaka-Toronto route will run today with around 138 seats empty.
27 July 2022

Scams crippling banking sector

A little-known firm named SB Exim allegedly swindled Tk 200 crore from Bangladesh Commerce Bank Ltd (BCBL) using forged documents in the name of exporting terracotta tiles in 2018. 
27 July 2022

Bandwidth ban on aamra revoked

The telecom regulator yesterday withdrew the directive under which 50 per cent bandwidth of aamra technologies was blocked because of non-payment of outstanding revenue of over Tk 33 crore.
26 July 2022