News

Rajshahi Krishi Unnayan Bank (RAKUB) has disbursed loans of around Taka 143 crore for fish farming in the country’s northwest districts during the last 2021-2022 financial year, officials said. The state-owned specialized bank distributed the loan among 2,250 commercial fish farmers in all 16 districts under Rajshahi and Rangpur divisions …

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy. As such, the NBR has collected Tk 40,270 crore from income …

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy. As such, the NBR has collected Tk 40,270 crore from income …

Bangladesh received inward remittance worth over USD $1008.67 million (1,000 million = 1 billion) in the first 15 days of September, amid forex crisis in the country. Bankers said remittance inflow shows an upward trend as the remitters are encouraged by the depreciation of taka and they get more than …

Prime Minister’s Energy Adviser Tawfiq-e-Elahi Chowdhury has said the dependence on imported liquefied natural gas (LNG) will continue some more time as there is no immediate possibility of gas exploration from the country’s offshore areas. “So, the government has taken initiative to set up more floating storage and re-gasification units …

Speakers at a seminar on Monday suggested that the government make the port logistics system more efficient to lower cost of doing business and attract more investment in industries. To this effect, they called for framing a ‘National Logistics Policy’ in order to make the port logistics management more resourceful …

Customs Bond Commissionerate (Dhaka) of the National Board of Revenue has so far locked a total of 3,270 business identification numbers of bonded warehouse licence holders for non-compliance with conditions of the license and other irregularities. With the locked BINs, there are 7,127 BIN holders in the country. Of the …

World Bank has sought to know about Bangladesh’s current economic situation, especially the state of forex reserve and inflation, ahead of providing $250 million in budgetary support. A 10-member delegation of the international lender held a meeting in this regard with State Minister for Planning Shamsul Alam at his office …

Dhaka stocks edged up in the morning trade today, maintaining the upward trend for the fourth consecutive session. The DSEX, the benchmark index of the premier bourse in Bangladesh, rose 73 points, or 1.11 per cent, to 6,674 at 12:30 pm. Turnover stood at Tk 1,908 crore. Of the securities, …

The steel industry in Bangladesh is currently witnessing a steep drop in sales as the depreciation of taka against US dollar has hiked production costs at a time when consumers are unwilling to pay higher prices for the key construction material. Industry insiders say sales have fallen by an average …