News

An “in-house feasibility study” of Dhaka Power Distribution Company (DPDC) has come to the fore for all the wrong reasons, having cost a project an excess Tk 629 crore and four years’ delay.

The Bangladesh Telecommunication Regulatory Commission has asked existing value added service providers, which became registered with the commission later under the new guidelines, to share revenue with the government and with the social obligation fund (SOF) from the first year of receiving registration.

This bond will pave way for recapitalisation of banks through optimising their capital structure via a more efficient mix of debt and equity

The panel will also work closely with the government and the EU to retain duty-free market access in the region till 2031

Asian investors edged lower Wednesday after a two-day advance with focus on the Federal Reserve’s crucial policy meeting, which comes against a backdrop of heightened inflation fears fuelled by an expected surge in economic activity this year.

Stocks posted a marginal rise on Monday, after losing sharply in the previous day, as investors remained cautious amid lack of clear direction.

Plastic goods manufacturers and exporters on Sunday demanded the withdrawal of import duty, VAT, and supplementary duty on import of capital machinery and spare parts for the sector.

State lenders in Bangladesh are sometimes in the news for all the wrong reasons. But they also carry the weight of the fast-expanding economy.

Bangladesh government has set the prices of edible oil for a second time, raising them by Tk 2-6 a litre from the previous prices.

The development comes after the Department of Posts applied to the Bangladesh Bank for an extension to Nagad’s temporary approval, which expired on March 15