Neil Ray | 2022-05-23 00:00:00
With the economic crisis deepening almost all across the world, how do the media, print media in particular, fare? The news is bad for newspaper industries everywhere except in India where it is experiencing a robust growth. In case of...
REZAUL KARIM | 2022-05-22 00:00:00
Entrepreneurs seek a cut in the limit of local value addition to leather products, as a condition for availing export incentives, to 20 per cent.Sources say the Leather Goods and Footwear Manufacturers And Exporters Association of Bangladesh (LFMEAB) has requested...
DOULOT AKTER MALA | 2022-05-22 00:00:00
The revenue authority has given the go-ahead to join the critical maritime routes Indo-Pacific project CRIMARIO-II of the European Union (EU).The initiative will help ensure maritime security and drug trafficking through security software.CRIMARIO-II is a four-year EU-funded project at €7.5...
Siddique Islam | 2022-05-22 00:00:00
The apex body of dealer banks has submitted six-point proposals to the central bank for stabilising the ongoing volatility in the country's foreign exchange (forex) market.The Bangladesh Foreign Exchange Dealers' Association (BAFEDA) suggested the Bangladesh Bank (BB) providing the state-owned...
Asjadul Kibria | 2022-05-22 00:00:00
When inflation is soaring across the world, the situation in Bangladesh is slightly different. The country is also feeling the pinch of price inflation but at a lower rate, at least officially. The national statistical agency released the latest monthly...
Syed Fattahul Alim | 2022-05-21 12:00:00
Skipping unnecessary expenditures is the time-tested way of surviving crisis time. In modern-day economic management, the same belt-tightening steps under the rubric of austerity measures are suggested by experts when a country's economy falls on hard times. At present the...
Ismail Hossain | 2022-05-21 00:00:00
The government is going to launch an app and a website on a pilot basis to manage complaints of customers against various e-commerce platforms, according to the authority concerned. The digital system, called the Central Complaint Management System (CCMP), is...
SYFUL ISLAM | 2022-05-21 00:00:00
Planned foreign investment in Bangladesh's state-owned sugar mills to run under joint management hits twin barriers, officials say, while the sweetener's price climbs unreachable highs. Long-outstanding large loans from state banks and the requirement of sovereign guarantee are considered as...
BABUL BARMAN | 2022-05-21 00:00:00
Stocks witnessed yet another major setback in the week to Thursday as nervous investors rushed to dump their holdings to avoid further erosion of their portfolios.The week saw four trading days instead of usual five days as the market remained...
Nilratan Halder | 2022-05-21 00:00:00
Right now Sylhet is passing a nightmarish time on account of the worst floods the region has ever experienced. As many as three bridges have collapsed due to strong force of rushing waters. In this hilly region floodwaters, for reasons...
Nilratan Halder | 2022-05-20 12:00:00
Turbulence in the currency market has become a cause for serious concern. Foreign exchange market, like the domestic commodity market, cannot be manipulated although the flow of forex's supply can be disrupted in time of greater demand. At times, the...
MUNIMA SULTANA | 2022-05-20 00:00:00
The proposed toll rates for the country's first expressway are expected to be revised to introduce on the 55-kilometre road on both sides of the Padma Bridge after its inauguration.Sources said the Road Transport and Highways Division (RTHD) will sit...
DOULOT AKTER MALA | 2022-05-20 00:00:00
Electricity and gas consumption of residents will be scrutinised to assess their actual payable taxes with an eye to finding tax evaders, tax officials say.The National Board of Revenue (NBR) has decided to exchange data with the power supply and...
SIDDIQUE ISLAM | 2022-05-20 00:00:00
The central bank ramps up foreign-currency liquidity support to the scheduled banks trying to manage Bangladesh's volatile forex market amid a global financial crunch, officials say. As part of the move, the Bangladesh Bank (BB) has sold US$392 million direct...
Syed Badrul Ahsan | 2022-05-19 12:00:00
Fear of sudden departure stalks us. In these two years-plus which have gone by since the coronavirus pandemic made its way into our lives, life has been lived precariously. Or it has slipped precipitously. Those of us who have survived,...
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...
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