News

The government is planning to build a world class shipyard near Payra seaport in Patuakhali costing around Taka 14,000 crore. Gentium Solutions, a Singapore and Australia-based company, and Damen Shipyards Group, a Netherlands-based company, are willing to finance the Taka 14,000 crore foreign direct investment (FDI) project. It will be …

Reconditioned vehicle import from July to December of the ongoing fiscal year increased by 54.8 per cent compared with that in the same period of the previous fiscal year. In July-December of FY22, a total of 8,768 reconditioned vehicles were imported from different countries like Japan, China, South Korea, Germany, …

Bangladesh Bank yesterday asked banks to run operations with 50 per cent of their workforce until February 6 by introducing alternate-day duty rosters immediately in order to tackle the third wave of the coronavirus pandemic. However, banks can also decide for themselves the number of employees they will have in …

Bangladesh will host the 36th Regional Conference for Asia and the Pacific of the Food and Agriculture Organization (FAO) for the first time since it joined the organisation in 1973. Allan Dow, head of communications of the FAO’s Asia-Pacific regional office, made the announcement at a virtual press conference yesterday. …

Farmers in Dinajpur who cultivate aromatic Kataribhog rice are now delighted at prices having substantially increased recently as demand has gone up. While this is a blessing for growers, consumers are expected to feel the pinch in their grocery budgets. Dinajpur Kataribhog is recognised as a Geographical Indication (GI) product …

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to provide detailed information about the accounts and transactions of Nobel laureate Dr Muhammad Yunus for the last two years. On January 20, the agency, which works to curb money laundering and terrorist financing, ordered banks to furnish it with the …

Amid the ongoing corona pandemic, lawmakers in the Jatiya Sangsad today said Bangladesh has been able to keep its economy upward and now the country remains 41st position economically across the world. “Bangladesh now becomes an ‘emerging tiger’ across the world under the leadership of Prime Minister Sheikh Hasina while …

Bangladesh Bank has introduced a new credit guarantee facility to speed up loan disbursement to landless farmers, low income professionals, school banking account holders and small traders. The SME & Special Programmes Department of BB issued a circular on Sunday titled “Financial Services Credit Guarantee Scheme” in imitation of the …

The price of bitumen is likely to rise by Tk 1,000-1,200 per barrel coupled with a further hike in fuel tariff in the country as the global price of crude oil, the raw material for producing bitumen, has jumped by 23 percent in the last one month. The crude oil …

Asian shares slipped on Monday as investors braced for a Federal Reserve meeting at which it is expected to confirm it will soon start draining the massive lake of liquidity that has supercharged growth stocks in recent years. Adding to the caution were concerns about a possible Russian attack on …