Importers suspend fruit clearance at all ports for two days

Importers have announced a two-day suspension of fruit clearance from all ports, including Chattogram port, until Wednesday, demanding the withdrawal of increased value-added tax (VAT) and duties on fruit imports..Junaidul Haque, publicity secretary of Chattogram Fruit Traders Association,
3 February 2025

Lee’s Tobacco Machinery Company to invest $8.32 million in Bepza EZ

The UAE, Singapore-owned entity will manufacture machinery for tobacco processing
3 February 2025

FAO forecasts paddy output drop amid floods, cyclone

Bangladesh’s paddy production is estimated to have declined in 2024 from the previous year, largely due to output losses caused by recurrent floods and Cyclone Remal in late July..However, aggregate paddy production in 2024 is forecast at 6.02 crore tonnes, which is well above the four-yea
2 February 2025

Remittances grow 3% in January

Migrants sent home $2.18 billion in the first month of 2025
2 February 2025

Local gold price hits new record

Each bhori of 22-carat gold will be sold at Tk 145,123 from tomorrow
1 February 2025

Islamic banks see fluctuations in deposits

Islamic banking deposits hit Tk 432,937 crore in October, a 0.31% drop from September
1 February 2025

Try it before you buy it

In Bangladesh, shopping for home appliances has mostly been a leap of faith—customers could learn about a product but never experience it firsthand before making the purchase. .But Singer Bangladesh is going one step further by letting shoppers test appliances right on the retail outlets,
30 January 2025

Trump’s family business partner wants to invest in Bangladesh

Gentry Beach, the head of a visiting delegation of US billionaire investors, wants to invest in mineral and gas exploration
30 January 2025

Market-based pricing can cut fuel prices by Tk 10-15 a litre: CPD

The existing automatic pricing formula does not reflect global markets, the think-tank says
29 January 2025

Job opportunities shrink in rural areas

A lack of growth in non-farm activities is to blame for the shrink in job opportunities
29 January 2025

Top UAE companies to invest in Bangladesh

Two major companies from the United Arab Emirates, Abu Dhabi Ports Group and Masdar, have unveiled plans to invest in Bangladesh’s port development, management, and logistics, as well as the renewable energy sector.
28 January 2025

Ctg customs to auction off 44 cars

Customs authorities are planning to auction off a total of 44 cars on February 16, including 24 of the luxurious Land Cruiser ZX model by Japanese automaker Toyota, which were purchased by former members of parliament (MPs)..Customs halted the release of the 24 vehicles because the individ
28 January 2025

Challenging days are ahead for MFIs: BB governor

Ahsan H Mansur says at a national workshop of the Microcredit Regulatory Authority
28 January 2025

Samsung unveils six microwaves assembled by Transcom

Samsung Electronics Bangladesh has introduced six distinct models of microwave ovens that are being assembled in the country by its local partner Transcom Electronics Limited.."The new models combine innovative technology with practical features that make cooking smarter and healthier," sa
27 January 2025

Increasing efficiency of NBR essential for business growth

Finance Adviser Salehuddin Ahmed yesterday said that increasing the efficiency of the National Board of Revenue (NBR) is essential for the growth of trade and commerce in the country.
27 January 2025

Don’t hike gas price further: factory owners

Four associations, including BGMEA, sent joint letter to the power adviser
27 January 2025

Banks asked to furnish collateral details of Beximco

The government yesterday asked the banks that financed the embattled Beximco Group to submit information regarding the collateral kept by the group against the loans..The directive was given at a meeting among the secretaries of some ministries and senior officials of nine banks..At
26 January 2025

40 local firms to participate in world’s largest trade fair in Germany

The five-day show, Ambiente 2025, will begin on February 7
26 January 2025
26 January 2025

Farm, rural loans drop significantly

Farm and rural loan disbursements by banks fell by more than one-fifth in the first four months of fiscal year (FY) 2024-25, owing to a dip in the flow of credit mainly from foreign and private banks..Banks lent Tk 9,391 crore in the July-October period of this fiscal year, according to da
26 January 2025