Intelligence services have identified anywhere from 13 to 19 e-commerce entities which have defrauded customers and merchants of thousands of crores of taka, as per reports provided to a Digital Commerce Cell (DCC). “We have received the reports from different intelligence departments of the government, which includes the Bangladesh Financial …
Read More »Maize farmers call for storage, processing facilities
Lalmonirhat district, bordering the Teesta, Dharla and Saniazan rivers, accounts for about one-third of the maize produced in Bangladesh’s northern region. More than 20,000 families, mostly based in the district’s char areas, have achieved both food and financial security by growing maize, according to the Department of Agricultural Extension (DAE). …
Read More »Stocks open positive, riding on banks
Stocks opened marginally higher on Sunday as bargain hunters are showing their buying interest on sector-wise issues based on largest corporate declarations. Following the previous day’s modest rise, DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 10.64 points or 0.15 per cent to stand at …
Read More »Leading pharmaceuticals dominating post-Covid stock market
Square, Beximco, Renata, Ibn Sina and ACME are in the top five companies of FY2020-21 in terms of growth rate and net profit compared to FY2019-20 The country’s leading pharmaceutical companies have played a big role in the rise of the stock market at the end of the last fiscal …
Read More »ADB to provide another $150m for Bangladesh’s CMSMEs
Another overseas support for the cottage, micro, small and medium enterprises (CMSMEs) is coming from the Asian Development Bank to facilitate the post-Covid recovery of the ailing industries. The Manila-based lender will provide US$150 million worth of loans for supporting the country’s CMSMEs for the economic recovery shortly, said an …
Read More »Target to generate 4,100MW by 2030
Bangladesh has set an ambitious goal of generating more than 4,100 megawatts of electricity from renewable energy sources by 2030 as the county looks to cut greenhouse gas emissions significantly. Solar power will account for half of the energy, at 2,277 MW, followed by hydropower 1,000 MW and wind 597 …
Read More »Covid takes a toll on female employment rate in banks
The coronavirus pandemic has taken a toll on female employment rate in Bangladesh’s banking sector, causing it to fall alarmingly in the first half of this year. The ratio of female employees stood at 15.8 per cent as of June this year in contrast to 18.7 per cent a year …
Read More »Road construction costs may go up
Bitumen prices in international markets have gone up by around 24 per cent this month, for which upcoming road construction and repair costs are expected to rise since Bangladesh is very much dependent on imports. Each tonne was selling for $310 on the first week before rising to $385 at …
Read More »Bangladesh signs MoU with Saudi Arabia
Prime Minister Sheikh Hasina has a modernistic approach towards businesses, which is essential for foreign direct investment, Salman F Rahman Adequate reforms have been introduced in the field of foreign investment in Bangladesh under the dynamic leadership of Prime Minister Sheikh Hasina. “She has a modernistic approach towards businesses, which …
Read More »Govt inks $ 1126m loan agreement with China
The Government of Bangladesh and the Exim Bank of China signed a loan agreement of $1126.99 million loan on Tuesday to implement the “Construction of Dhaka-Ashulia Elevated Expressway” project. Additional Secretary of Economic Relations Division Shahriar Kader Siddiky and Deputy General Manager of Exim Bank of China Zhang Tianqin signed …
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