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Current News

Fund transfer among MFS distributors to become easy

Mobile financial service providers in Bangladesh would be able to launch an inter-distributor cash management system to facilitate e-money and cash funds transfer during weekends and public holidays. The Bangladesh Bank yesterday issued a circular to this effect. Distributors of MFS providers face difficulties in securing e-money from banks against …

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TexTIMe seminar held on sustainability amid ongoing uncertainties

The latest TexTIMe (Textile Today Innovation Meets) episode—organized by Textile Today Innovation Hub and sponsored by the largest dyestuff company in the Indian subcontinent Colourtex— shed light on the uncertain global scenario to discover the course of action remaining sustainable in the new context. Engaging industry leaders and strategy makers …

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South Korea doubles recruitment quota for Bangladeshis

South Korea, a vital job market for Bangladeshi workers, doubled the quota for Bangladeshis based on an increased demand for foreign workers post-Covid. The East Asian country confirmed their recruitment plan to the Bangladesh Overseas Employment and Services Limited (Boesl) in July this year, officials said. It would hire 6,000 …

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End to cash subsidy won’t put long-term effect on exports: study

The discontinuation of cash incentives for the country’s export-oriented manufacturing industries will hamper competitiveness for a while during the post-LDC period, but won’t put a long-term impact on exports, said a study group at a workshop on Saturday. Arfin Ara Begum, director general of the monitoring cell under the finance …

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Stocks open week with sharp rise

higher on Sunday as the buoyant investors continued their buying spree on major sector shares amid high expectations. Following the previous week’s upward trend, DSEX, the prime index of the Dhaka Stock Exchange (DSE), climbed 62.08 points or 0.95 per cent to stand at 6,570, after the first two hours …

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