The government should concentrate more on the implementation of the budget for the next fiscal year (FY) instead of just placing it in parliament.Economists made the remark at a post-budget press conference organised by the Centre on Budget and Policy (CBP) under Dhaka University (DU) on its campus on Tuesday.They...
Read moreSales of clothes meant for Zakat have declined in the country this year following some tragic incidents during distribution, traders said.At least 10 people were killed and 50 others injured in a stampede in Chattogram when they were collecting Zakat and Iftar essentials on May 14.In July 2015, 27 people...
Read moreA cut in the depreciation facility in the proposed budget has pushed up the prices of reconditioned cars by Tk 0.1 million to Tk 0.45 million.Bangladesh Reconditioned Vehicles Importers and Dealers' Association (BARVIDA) has said this at a post-budget press conference at the National Press Club in the capital.The reduction...
Read moreThe last day of the two-day exposition on e-commerce attracted a large number of crowds on Monday.The organisers said participants in the fair expressed satisfaction over the sales volume.BIZ BEE, the business club of BRAC University (BRACU), organised the third edition of the expo titled 'The e-carnival 3.0'.The event was...
Read moreThe AB Bank, a private commercial bank of the country, has opened an agent banking point at Madhabpur upazila in Habiganj district, says a statement.Deputy Managing Director Sajjad Hussain inaugurated the agent banking point at Madhabpur's Montola Bazar at a ceremony recently.
Read moreAuthorised dealers (ADs) will now be able to provide acquiring services to eligible exporters for repatriation of export proceeds against sales orders of exportable goods received on e-Commerce website.The Bangladesh Bank (BB) said this in a circular, issued on Monday.The circular said this facility shall only be available for small...
Read moreThe Directorate of National Consumer Rights Protection (DNCRP) fined 37 business entities over Tk 0.87 million on Sunday for various irregularities.Several mobile courts of DNCRP conducted the market monitoring drives across the country. In Dhaka, Hotel Al Razzak was fined Tk 0.4 million, Muslim Biriyani Tk 25,000, Mithai Tk 0.1...
Read moreThe Standard Bank Limited (SBL) organised an 'induction ceremony' and Iftar party for 'Standard Bank Lions family' in the capital recently, says a statement.'Standard Bank Lions family' comprises Lions Clubs International (LCI) District 315 B2, B3 and B4.Chairman of the bank and newly-elected International Director (2018-2020) of the LCI Lion...
Read moreLowering the import duty on powdered milk as proposed in the budget for the next fiscal year (FY) would destroy the dairy sector, its stakeholders feared.In the budget for FY 2018-19, the government has proposed reducing the import duty to 10 per cent from 25 per cent, reports UNB.Bangladesh Dairy...
Read moreMakeshift shops on footpaths and open spaces in the capital and other major cities across the country are doing a brisk business ahead of Eid-ul Fitr, reports UNB. The low-income and poor people are mostly crowding around such shops to buy clothes and other items at cheaper rates.These makeshift stalls...
Read moreChairman of NCCB Securities and Financial Services Ltd. Md Amirul Islam presiding over the 8th Annual General Meeting of the company at its head office in the city recently, with Md Nurun Newaz Salim and Managing Director and CEO of NCC Bank Mosleh Uddin Ahmed attending it as shareholders' director...
Read moreManaging Director and CEO of NRB Bank Limited Md Mehmood Husain (sitting at the centre) posing with the participants of a five-day training programme titled 'Credit Management' at its concluding session at the bank's Institute of Learning & Development in the city recently
Read moreLONDON, June 12 (Reuters): British workers' wages rose more slowly in the three months to April despite another surge in job creation.The situation has left the Bank of England still waiting for clear signs that the economy is ready for higher interest rates.
Read moreJanata Bank CEO and MD Md Abdus Salam Azad speaking at an iftar mahfil arranged by Janata Bank Rangpur Bibhag Samity at a city restaurant on Sunday attended by bank's DMDs Md Ismail Hossain and Md Zikrul Haque
Read moreBEIJING, June 12 (Reuters): Chinese banks extended 1.15 trillion yuan ($179.58 billion) in net new yuan loans in May, below analysts' expectations.Analysts polled by Reuters had predicted new yuan loans of 1.2 trillion yuan, up slightly from April's 1.18 trillion yuan.Broad M2 money supply grew 8.3 per cent in May...
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