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$3.2m to raise capacity of undersea cable

Bangladesh Submarine Cable Company Ltd (BSCCL), the state-run bandwidth importer, is going to spend $3.2 million to upgrade the capacity of its first undersea cable by more than four times. 
4 July 2022

Pay workers’ salary, bonus by July 7: Sufian

The government yesterday asked all the owners of factories and industries, including those in the garments sector, to pay the due salary and bonus to their workers by July 7, three days ahead of Eid-ul-Azha.
3 July 2022

No ceiling on remittance thru internet banking

Bangladesh Bank yesterday said the ceiling on fund transfers through internet banking would not be applicable for remittance.
3 July 2022

Stocks snap gaining streak

Stocks broke out of a gaining streak of four days while turnover at the market dropped 30 per cent yesterday. 
3 July 2022

Remittances fall 15pc in FY22

Remittances slipped back into negative growth in fiscal year 2021-22 for the first time in the last six fiscal years as many remitters opted for the informal channels to send their money. 
3 July 2022

Latest austerity move: No vehicle purchase for govt institutions

The government has ordered all government, semi-government and autonomous institutions to stop purchasing vehicles, including ships and aircraft.
3 July 2022

Dhaka stocks open lower

The Dhaka Stock Exchange opened lower today, breaking the last week’s gaining streak.
3 July 2022

Blue bonds: An ocean of possibilities

Before delving into the matter of blue bonds, it is important to briefly understand the “blue economy” itself. Blue economy is a term in economics which relates to the preservation and exploration of the marine environment.
3 July 2022

Potential of Hili land port remains untapped

Hili land port in Hakimpur upazila of Dinajpur provides ample opportunity to facilitate cross-border trade between Bangladesh and India but its potential remains largely untapped even though both governments have taken a number of initiatives to this end.
3 July 2022

Cotton price drop may lift garment orders

Local readymade garment exporters are expecting a strong rebound of the inflow of work orders from December onwards as prices of cotton have started to decline in the international markets. 
3 July 2022

Savar tannery estate: Another Eid-Ul-Azha comes, but CETP not fully ready

Bangladesh keeps losing out on tapping its vastly unutilised cattle rawhides as the central effluent treatment plant (CETP) at the Savar Tannery Industrial Estate is not fully ready yet.
3 July 2022

Ctg port sets record in container, cargo handling

Chattogram port handled a record volume of containers and cargoes in the just-concluded fiscal year riding on the rebound of Bangladesh’s international trade as global economies reopened from the coronavirus pandemic-induced economic slowdown.  
2 July 2022

BB sustainability rating for IPDC

IPDC Finance Limited has recently been recognised in the “Sustainability Rating” by Bangladesh Bank for 2021.
2 July 2022

Islami among top 10 banks in BB sustainability rating

Islami Bank Bangladesh has been listed as one of top 10 banks in sustainability ratings for 2020 and 2021 of the Bangladesh Bank. 
2 July 2022

Relaxed loan rescheduling for rawhide traders

Bangladesh Bank has relaxed loan rescheduling rules for rawhide traders to ensure availability of sufficient funds during Eid-ul-Azha, which is celebrated through animal sacrifice. 
2 July 2022

Which countries are biggest fans of Bangladeshi mangoes?

Bangladeshi mangoes with its flavour and taste are winning hearts in many foreign lands.
2 July 2022

Rawhide traders get more time to clear default loans

Bangladesh Bank has relaxed loan rescheduling rules for rawhide traders to ensure availability of sufficient funds during Eid-ul-Azha, which is celebrated through animal sacrifice.
2 July 2022

“Missing server password holding up payments to Evaly customers, merchants”

A missing server password is holding up any and all meaningful methods of paying back Evaly customers and merchants – and there is seemingly no way to retrieve this password.
1 July 2022

Remittance to rise this fiscal year: BB

Remittance inflow may rebound significantly in Bangladesh in 2022-23 fiscal year as increased number of people flew abroad for jobs, Bangladesh Bank Governor Fazle Kabir said yesterday. 
1 July 2022

BB to discourage luxury imports

Bangladesh Bank yesterday said it has decided to raise the ratio of payments businesses must make to banks while opening letters of credit (LCs) for luxury goods, foreign fruits and non-essential items such as non-cereal food, canned and processed products. 
1 July 2022