News

Farmer Azizul Islam suffered his first stroke after a 2019 cyclone washed away shrimp worth Tk2.5 lakh ($2,450) from his ponds on the southern Bangladesh coast. The stress damaged his health, said the 34-year-old, who works on the vast stretches of low-lying land, known as ghers, used for aquaculture and …

BAT Bangladesh recently received the 22nd ICAB National Award for Best Presented Annual Reports 2021. The company received this recognition for the 7th time since 2016. This year, the organization achieved this prestigious award in three categories; respectively Manufacturing – First, Integrated Reporting – Joint Second and Corporate Governance Disclosures …

Edotco Bangladesh, an integrated telecommunications infrastructure services company, recently achieved the brand-new milestone of establishing 15,000 towers as the first tower company in the country. This remarkable milestone is a testament to Edotco Bangladesh’s steadfast commitment to meeting customers’ growing connectivity demand through the fastest and most efficient deployment of …

Hatil, Bangladesh’s largest furniture brand, hosted a ‘Dealers Conference’ in Dhaka on December 3. With more than seventy showrooms across the country, the company is successfully catering to the contemporary furniture needs of the customers and expanding its business beyond the borders of the country, reads a press release. Most …

Export earnings showed a record jump in November along with remittance income rising again from higher labour migration. Moreover, inflation continued to decline in November. Latest data from Bangladesh Bank, Bangladesh Bureau of Statistics (BBS), Export Promotion Bureau (EPB) and Bureau of Manpower, Employment and Training (BMET) shows that export …

A series of power substation projects under the Power Division have stalled as the country’s local power transformer producer Energypac is facing a massive fund crisis. The under-construction power projects involve a total cost of over Tk 10 billion. The company’s fund crisis was exposed during a review of the …

The securities regulator has continued to keep the price movement restriction in place, even though it restrains the market operation, because of the dominant presence of individual investors. More than 80 per cent investors of the country’s stock market are retailers, as opposed to the global scenario where institutional investors …

Post and Telecommunications Minister Mustafa Jabbar on Monday said the telecom regulator is working to keep mobile internet prices at a tolerable level. “We introduced unified broadband internet prices. Now we are working to set mobile internet prices at a level affordable for all,” the minister said, while speaking as …

The Bangladesh Bank on Monday introduced a new financial instrument named Islamic banks liquidity facility for the Shariah-based banking system in Bangladesh to facilitate providing short-term liquidity in the Shariah-based banks. The BB issued a circular in this regard on the day. Shariah-based banks maintaining current accounts with the Bangladesh …

Though inflation continued to undergo a downward trend for a third consecutive month in November, non-food inflation in rural areas entered into double digits last month for the first time in recent times. Even after the decreases, inflation still remains near 9 per cent, which is much higher than recent …