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The government has decided to increase the cash incentive on sending remittance to 2.5 percent from the existing 2 percent in order to encourage sending remittances through legal channels. The decision, which came into effect from today (January 1, 2022), is expected to improve the overall living standards of common …
Read More »Govt bets big on agriculture to reshape rural economy
The allocation for the agriculture sector in the upcoming budget is likely to see a significant rise as the government has taken various initiatives for this vital sector to ensure food security, boost the incomes of farmers and create jobs and thus improve the lifestyle of the rural poor. The …
Read More »Bangladesh eyes more progress
With the sun of the New Year 2022 rising in the east, people of Bangladesh have started looking forward to the days of progress and prosperity, leaving behind their agonies, despair and sufferings. Recovering from the ravage caused by coronavirus pandemic, Bangladesh is all set to inaugurate some mega projects …
Read More »Transactions through DSE-Mobile app up over 50pc
Transactions of the listed securities through DSE-Mobile app have continued to rise as the number of active users of this digital application rose 50.51 per cent in last two years. The number of active users of the DSE mobile application rose to 77,064 on December 30, 2021, the last trading …
Read More »Dhaka stocks fare better in 2021 despite Oct-Dec volatility
Dhaka stocks witnessed a surge in most of 2021 but experienced volatility in the closing three months (October-December) of the just concluded year. Market experts said that the market finished the year on low note despite 1,354.6 points aggregate gain as the reopening of business activities in full swing after …
Read More »DITF kicks off in new venue
The month-long 26th Dhaka International Trade Fair (DITF) opened to visitors on its new premises at Bangabandhu Bangladesh-China Friendship Exhibition Centre in Purbachal yesterday showcasing goods from around the world. Prime Minister Sheikh Hasina virtually inaugurated the fair where some 227 companies from 11 countries, including India, Pakistan, Turkey, Thailand …
Read More »Banks glowing with paper profit
Banks clocked higher operating profit in 2021 mainly due to the Bangladesh Bank’s relaxed policy that allowed them to count income from unrealised instalments of loans. An analysis of operating profit of 22 banks showed all of the lenders except one posted higher profit in 2021 compared to a year …
Read More »Indonesia bans coal exports
Indonesia has banned coal exports in January due to concerns that low supplies at domestic power plants could lead to widespread blackouts, a senior official at the energy ministry said on Saturday. The Southeast Asian country is the world’s biggest exporter of thermal coal, exporting around 400 million tonnes in …
Read More »Businessmen express concern over manpower export syndicate: FBCCI
The standing committee on Manpower and Skill Development of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today said that businessmen are concerned over manpower export syndicate. They called upon the government to provide a policy in order to stop the increase in plane ticket fares. At the meeting, …
Read More »ADB allocates $4.1m to support Covid-19 rural recovery
Asian Development Bank (ADB) has allocated $4.1 million in technical assistance to help agri-food value chains and rural economies in Asia and the Pacific recover from the impacts of COVID-19 pandemic. The Green and Resilient Rural Recovery through Agri-Food System Transformation in the Asia and Pacific Region program will assess …
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