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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 …

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 …

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 …

As a step to raise internal revenue collection, the National Board of Revenue (NBR) has again taken the initiative to install Electronic Fiscal Device (EFD) and Sales Data Controller (SDC) or value-added tax (VAT) machines in different types of business entities, such as department stores. The cabinet committee on economic …

Bangladesh bagged $4.60 billion through exports in August, registering a 36.18% year-on-year (Y-o-Y) growth, according to recent data published by the Export Promotion Bureau (EPB). At the same period last year, the country fetched $3.38 billion in export earnings. Moreover, according to the EPB data, the country earned export earnings …

Country’s economy has revived from setback as major indicators – export, remittance and private sector credit flow saw upward trend in the first two months of the current fiscal year. Bangladeshi companies exported goods and services worth $ 3.98 billion in the first month of the current fiscal year 2022-23, …

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 …

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 …

The use of surface water has become the ultimate solution for irrigating croplands across the country as depleting underground reserves amid lesser rainfall and higher fuel costs have left farmers with little option. The government increased the price of diesel to Tk 114 from Tk 80 on August 5, making …

Deposits into shariah-based Islamic banks rose by 12 per cent to Tk 4.12 lakh crore at the end of June 2022 from 3.68 lakh crore at the same period last year. It was the first time that the deposit of Islamic banks crossed Tk 4 lakh crore. In terms of …