Low-quality bitumen is being imported into the country in absence of a proper monitoring system, causing a huge loss for the government. As low-quality bitumen has been used in building and repairing roads across the country, roads get dilapidated within a short period of time. The

Nagad, the digital financial arm of Bangladesh Post Office, has recently surpassed the 4 crore users’ landmark. Nagad, the fastest-growing mobile financial service of this kind in the world, has also gone past Tk 400 crore mark of the daily transaction in just two years of its

The entrepreneurs of Bangladesh are exposed to a hostile taxation system which is detrimental for expansion of local and foreign investments, said Apex Footwear Ltd Managing Director Syed Nasim Manzur. Investors are facing stepmother behaviour from the authorities concerned, he said,

Bashundhara City Shopping Mall, the country’s largest shopping centre and a concern of Bashundhara Group, will remain open on Tuesday (April 13). Habibur Rahman, general manager of Bashundhara City, said on Monday (April 11) that despite the weekly holiday (Tuesday), the mega

The Bangladesh Bank has rescheduled timings of transactions in commercial banks from 10:00am to 1:00pm for next two days. According to a circular issued by the central bank on Sunday, the public transactions will take place as per new schedule on Monday and Tuesday. However, the

□ Multifaceted factors influence LPG prices □ Highly completive market overburdened by high VAT and tax burden, regulatory expenses □ LPG price still cheaper in Bangladesh compared to other S Asia countries □ High transportation cost, logistic limitations remain a challenge

Faruque Hassan has been elected as the president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2021-2023. He led Sammilita Parishad won the biennial election securing 24 posts of directors while the other panel, Forum Panel, led by ABM Shamsuddin

The government decided to announce a seven-day lockdown shortly, but the mills and industries will remain out of the ambit of the lockdown. The mills and industries will remain open to keep the cycle of economy unaffected, said state minister for Public Administration Farhad Hossain,

The leader of the south-central province of Khánh Hòa called on Indian investors to explore its potential and strengths and the cooperation opportunities available in localities during an online conference to promote cooperation between the two sides on Thursday (March 25).

Saudi Arabia is keen to invest $15 billion in Bangladesh. Not only Saudi companies are planning to invest in Bangladesh, but Bangladeshi entrepreneurs are also being encouraged to invest in the oil-rich country. Saudi Ambassador to Bangladesh Essa Yussef Essa Al Dulaihan expressed his

Bashundhara Group Chairman Ahmed Akbar Sobhan visited the head office of Agrani Bank in Dilkusha Commercial Area of the capital on Saturday. He held a view-exchange meeting with the bank Chairman Dr Zaid Bakht and its Managing Director Mohammad Shams-Ul Islam. Ahmed Akbar Sobhan

New Delhi: The Federation of Indian Chambers of Commerce & Industry (FICCI) and Boston Consulting Group (BCG) on Saturday unveiled 'India FinTech: A $100 Billion Opportunity' report. The report details the findings from the study that BCG and FICCI undertook to size the

India’s e-commerce market is expected to increase by 84 per cent by 2024 to $111 billion, according to a new report from global financial technology company FIS on Wednesday. The growth will be driven by mobile shopping, which is projected to grow 21 per cent annually over the

Warren Buffett has finally joined the exclusive $100bn (£72bn) club that includes Elon Musk, Jeff Bezos and Bill Gates. The 90-year-old is the chairman of investment firm Berkshire Hathaway, which has seen its shares rise to a record level this year. On Wednesday his net worth

Gold prices dropped by Tk 2,041 to Tk 71,150.40 a bhori (11.664 grams) in the local market on Tuesday. Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release. The new prices came

India expects to start full-scale operations at Iran’s Chabahar general cargo port it has built by the end of May, the country’s shipping minister said in a boost for regional trade. India has been developing a part of the port on Iran’s south-eastern coast along the

Experts stressed use of synthetic threads in RMG sector to beat the global competition on the part of the country’s main remittance earning sector. Bangladesh is the second largest garments exporting country of the world, requiring it to divert to artificial thread to retain the

New Delhi: India and Philippines have signed a key enabling pact that will pave the way for government-to-government deals on defence equipment including the supersonic BrahMos cruise missile in the future.  The ‘Implementing Arrangement’ concerning the procurement of

The prices of gold decreased by Tk 1,516 to Tk 72,667 a bhori (11.664 grams) in the local market on Wednesday. Bangladesh Jewellers Samity (BAJUS) took this decision to balance the market in line with the prices of gold in the international market, said a press release. The new

Price hike of clinker, the main raw material for cement production, in the international market has affected the cement prices in the local market. Besides, increasing cost of freight on board (FOB) and cost & freight (CFR) fueled the cement price in Bangladesh. According to