SIDDIQUE ISLAM | 2022-05-19 00:00:00
The apex body of Bangladesh's dealer banks decides to tell its members to maintain a benchmark in quoting foreign-currency-exchange rates to the overseas exchange houses engaged in remitting money.The move is aimed at reining in the ongoing exchange-rate volatility on...
Mohammad Mufazzal | 2022-05-19 00:00:00
Investment Corporation of Bangladesh (ICB) has moved to collect funds from different government organisations situated in divisional head quarters to support the country's ailing stock market.The state-run corporation has launched the drive along with its ongoing move for collecting funds...
Siddique Islam | 2022-05-18 00:00:00
US dollar price now jumps over Tk 100 mark for the first time in Bangladesh, prompting the central bank to begin a probe into the unusual exchange-rate hike. A brigade of 12 inspection teams of Bangladesh Bank started on-site inspections...
REZAUL KARIM | 2022-05-18 00:00:00
The government has planned to prepare a policy for cross-border e-commerce, aiming to facilitate exports of Bangladeshi products online.Currently, there is no specific policy in the country to operate the cross-border trade through digital platforms.To this effect, three sub-committees were...
Liu Zhenhua | 2022-05-18 00:00:00
Against the backdrop of a difficult situation of the Covid-19 epidemic and the Russia-Ukraine Crisis, China's Gross Domestic Product (GDP) grew by 4.8 per cent in the first quarter (January-March) of 2022. This figure was higher than the growth rate...
Siddique Islam | 2022-05-17 00:00:00
Bangladesh taka's value dropped deeper in exchange with the US dollar amid higher demand for the greenback against lower receipts through trade and remittance, sources say. Higher payment obligation for costly imports in the wake of global price rises and...
Siddique Islam | 2022-05-17 00:00:00
NCC Bank is going to introduce Islamic banking through setting up separate windows by the third quarter of this calendar year, the bank's top executive has said. "We're now taking preparations to launch the Islamic banking business within the deadline,"...
Syed Fattahul Alim | 2022-05-17 00:00:00
Media reports say Proshanto Kumar Halder, commonly known as PK Halder, who gained notoriety for defrauding some banks and financial companies of tens of billions of taka, has been arrested in India. An Indian law-enforcement agency that looks into financial...
Doulot Akter Mala | 2022-05-16 00:00:00
The government is likely to incorporate a new provision in the upcoming Finance Act-2022 to facilitate operations of the bonded warehouse electronically, officials said.To bring discipline in the bond management, they said, a high-powered committee of the National Board of...
SYFUL ISLAM | 2022-05-16 00:00:00
Big-name global apparel buyers are lobbying for awarding the operation contract of the newly built Patenga Container Terminal to Denmark-headquartered logistic service-provider AP Møller-Maersk, better known as Maersk Line.Two of them-Sweden-based H&M and Spain-based Inditex-recently wrote to the ministry of...
Nazimuddin Shyamol | 2022-05-16 00:00:00
CHATTOGRAM, May 15: The Chittagong Port Authority (CPA) is procuring new equipment to modernise and increase the capacity of the Chittagong seaport.CPA procured a modern high-speed patrol boat from Italy which reached the port on Sunday. MV Songa Cheetah reached...
BABUL BARMAN | 2022-05-16 00:00:00
Leading listed power generation companies in the private sector saw their profit rise in nine months for the current fiscal year riding on significant revenue income from their subsidiaries.Out of the 23 companies listed in the 'fuel & power' sector...
A K Abdul Momen | 2022-05-16 00:00:00
We have celebrated the 50thanniversary of the recognition of the independence of Bangladesh by the Republic of Korea, on May 12, 2022. We recall with gratitude Republic of Korea's recognition of Bangladesh as an independent state, at a very early...
Neil Ray | 2022-05-16 00:00:00
This is crunch time. It has been made even more volatile by an outrageous profiteering motive of businesspeople the world over. The latest to join the agents of worsening situation is the Russia-Ukraine war. Now what are the agents triggering...
Hasnat Abdul Hye | 2022-05-16 00:00:00
Shireen Abu Akleh, the late Al Jazeera reporter, being mortal, was destined to die one day. But she did not deserve to die the way she did -- by the lethal bullet of an Israeli sniper that fell her unaware...
IDCOL celebrates silver jubilee | 2022-05-15 12:00:00
Infrastructure Development Company Limited (IDCOL), a state-owned financial institution, celebrated its silver jubilee with a programme at a city hotel on Friday, says a press release.Speaking on the occasion, Alamgir Morshed, Executive Director and CEO of IDCOL, said the journey...
MUNIMA SULTANA | 2022-05-15 00:00:00
The Bangladesh Railway (BR) will find local companies to work on the signalling system of the Khulna-Mongla rail link project being implemented under the Indian line of credit (LoC).It now turns to local firms for not getting much higher quotations...
NAZIMUDDIN SHYAMOL | 2022-05-15 00:00:00
CHATTOGRAM, May 14: After remaining almost stable during Ramadan, onion market is getting unstable since the end of the holy month. Both, consumers and traders said prices of the key cooking spice is heating up every day since the end...
Asjadul Kibria | 2022-05-15 00:00:00
The crisis and tragedy of Palestine has been continuing for more than seven decades. After the forceful creation of the state of Israel in 1948, people of Palestine have entered into a perpetual suffering. Today, May 15, they will observe...
SYFUL ISLAM | 2022-05-14 00:00:00
Fulfilling the commitments on labour-rights issues under the National Action Plan on Labour Sector is urgent for Bangladesh to access the GSP Plus trade facility, the European Commission reminds.Many of the commitments made by the country, including the amendment of...
BABUL BARMAN | 2022-05-14 00:00:00
Stocks extended the losing streak for the second straight week to Thursday as nervous investors continued their selling spree amid concerns over the country's macroeconomic situation.This week featured five trading days as usual -- the first two days saw a...
NAZIMUDDIN SHYAMOL | 2022-05-14 00:00:00
CHATTOGRAM, May 11: The Chittagong Port Authority (CPA) is yet to get the total amount of land it needs to construct Bay Terminal, which, once constructed will increase significantly Chittagong Port's container handling capacity. An official having full knowledge of...
Nilratan Halder | 2022-05-14 00:00:00
The number of people in the wide world, who do not love flowers, birds and butterflies is perhaps next to nothing. But unfortunately, the young generations, particularly in towns and cities, are growing up without ever coming in close proximity...
Syed Fattahul Alim | 2022-05-14 00:00:00
The situation in Sri Lanka has in recent days turned for the worse as the members of the public have now started violent street demonstrations to see an end to the incumbent political regime. To contain the situation, the government...
Fahmida Khatun, Mustafizur Rahman, Khondaker Golam Moazzem and Towfiqul Islam Khan | 2022-05-14 00:00:00
The total allocation for the education sector in the current fiscal year (FY22) was Tk 719.53 billion, which was only 8.68 per cent higher than the revised budget for FY21. However, education budget as a share of total budget decreased...
Asjadul Kibria | 2022-05-13 12:00:00
Bangladesh celebrated its 50 years of independence last year, the Golden Jubilee of the emergence of the country as an independent and sovereign nation. From the so-called basket case to a fastest growing economy, the 50 years journey of Bangladesh...
Nilratan Halder | 2022-05-13 12:00:00
Microsoft's Bill Gates and Bangladesh ace cricketer Shakib Al Hasan are reported to have got Covid-19 almost at the same time. The co-founder of Microsoft and the richest man on the planet until Jeff Bezos (now lost the pole position...
DOULOT AKTER MALA | 2022-05-13 00:00:00
A special scheme on whitening black money heads for hitting the dead end with its tenure expiry as the government may skip it in the upcoming budget, officials say.The scheme is scheduled to expire on June 30, 2022, with lukewarm...
MUNIMA SULTANA | 2022-05-12 00:00:00
The board members of Bangladesh Bridge Authority (BBA) have proposed to go slow with the plan to develop a subway network in Dhaka city, aiming to relieve the commuters of construction-related hazards.Their stance on the issue came at the BBA's...
Siddique Islam | 2022-05-12 00:00:00
Bangladesh's foreign-exchange reserves fell to US$41.95 billion following the feeding of the dollar-hungry money market over the months and a latest large import payment. Official sources say the central bank has pumped over US$5.0 billion into the market from reserves...
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