Business

Country’s two bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) yesterday registered another declining sessions but witnessed a little rise in transactions. DSE’s broader index, DSEX went down by 42 points to stand at 5,179. Besides, the Shariah DSES and the blue-chip DS30 also followed...

Soaring foreign investment in Bangladesh is giving an added push to the country’s booming economy, as multinational companies look to harness its strong domestic demand, reports BSS. With a population of 168 million, more than a third of whom are 25 years old or younger, and a...

In a heartening development, more and more South Korean companies are coming to Bangladesh with investment plans, attracted by the country’s tremendous growth momentum. “This is a positive development for Bangladesh as there would be technology transfer,” said Mohammad Mustafa Haider, managing director of Super Petrochemical, a...

Importers said they have been bleeding after the slapping of a 5.0 per cent advance tax (AT) on imports, effective from July 01. Many importers said they require extra money to pay it at a time when the banking sector is facing liquidity crunch. Liquid assets of...

Bangladesh Post Office’s mobile financial service Nagad is seeking to take over the mobile phone top-up business in the country, which last year saw credit recharges of around Tk 26,000 crore. The Posts and Telecommunications Division has asked all four mobile phone operators through the Bangladesh Telecommunication...

Bangladesh and Bhutan are going to finalise the Preferential Trade Agreement (PTA) aiming to increase bilateral trade between the two countries.Outgoing Bhutanese Ambassador to Bangladesh Sonam Tobden Rabgye said this when he met Prime Minister Sheikh Hasina at her Sangsad Bhaban office. ...

The government has directed the specialised banks and financial institutions to work out their plans to recover money from all loan defaulters. The Financial Institution Division of the Finance Ministry has recently given this directive to the banks while holding a meeting with the top executives of...

Small and medium enterprises (SMEs) are the backbone of the Bangladesh economy: they make up more than 90 percent of all businesses that provide two out of three private sector jobs in the country. So, it is very important to help the sector grow for the sake...

The Bangladesh Energy Regulatory Commission (BERC) recently hiked gas price for industrial use by 37.88 per cent from Tk 7.76 to Tk 10.70 per cubic metre, while for captive power, it was raised by 43.97 per cent from Tk 9.62 to Tk 13.85 per cubic metre. For...

Giving a major boost to the farmers’ income, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all kharif crops, including cotton, for 2019-20 season. The move will lead to increased investment and...