News

Exporters of diversified jute products such as food-grade bags, clothes, yarns and twines will receive a 20 per cent export incentive, according to a Bangladesh Bank notice. They, however, will have to ensure the use of the natural fibre equivalent to at least 50 per cent of the export price, …

The government has permitted 125 companies to import a total of 246,000 tonnes of rice in order to cool down the domestic market for the staple grain in Bangladesh. The fresh decision came just four days after it allowed 95 other food companies to import 409,000 tonnes of rice. The …

The ongoing strain on Bangladesh’s foreign exchange market and the growing demand for cash ahead of Eid-ul-Azha sent the inter-bank call money rate to at least a six-year high yesterday. The weighted average rate in the inter-bank call money market, where banks borrow from each other on an overnight basis, …

A deepening energy crisis is hitting industries in Bangladesh hard, forcing them to cut production by as much as 50 per cent as escalated import bills have forced the country to lower gas purchase from international sources. Compared to May 2021, there has been 65 per cent increase in fuel …

Al Arafah Islami Bank Limited has been awarded as one of the best sustainable banks in the top 10 list of the Sustainability Rating-2020 by Bangladesh Bank. Governor of Bangladesh Bank Fazle Kabir handed over the crest and certificate to Deputy Managing Director S M Jaffar at Bangladesh Bank head …

Thousands of low and middle-income urban and rural families in Bangladesh, often underserved by commercial banks, are expected to be able to take out affordable housing loans through IFC’s investment in the country’s first housing bond to be issued by BRAC Bank. In a first for the country, IFC will …

The National Board of Revenue (NBR) is struggling to achieve its revenue target, slowing the growth in tax collection and widening the deficit. During the first 11 months of the just-concluded 2021-22 fiscal year, the tax regulator saw a revenue deficit of Tk 363.10 billion from its periodical target. It …

Owners of launches have expressed disappointment over passengers’ poor response to waterway journey from Dhaka to southern districts on the occasion of the holy Eid-ul-Azha. Sources said most homeward people are now reluctant to travel by launch as they prefer bus journey through Padma Bridge. Most passengers like to travel …

Rangpur farmers are expecting an excellent production of the fibreless, fleshy and highly yummy ‘Haribhanga’ mango as its harvest continues in full swing now with excellent yield rate in the district. Officials of the Department of Agricultural Extension (DAE) predicted an excellent output of the mango despite a little damage …

Bangladesh Electronic Nicotine Delivery System Traders Association on Monday voiced their opposition to the newly proposed amendments in the draft tobacco control amendment bill, which includes ban on e-cigarettes or vapes. They made the demand in a press conference at a hotel in Dhaka. The draft amendments suggested a ban …