Tourism needs proper planning

May 24, 2022

Experts say
Proper planning for the tourism sector’s development has become imperative as Sustainable Development Goals (SDGs) cannot be achieved by 2030 if tourism does not flourish in Bangladesh, said speakers at a meeting yesterday.
At least 6 SDGs are directly and the rest indirectly related to tourism, they told the first Read more

Nissan launches latest ‘Magnite’ in Bangladesh

May 22, 2022

Nissan recently launched its latest B-SUV model Nissan Magnite. The launch ceremony took place on Nissan Bangladesh’s Tejgaon showroom in May 21.
Previously launched in 15 other countries including Nepal, Bhutan and Sri Lanka, the 1000cc Nissan Magnite comes with features such as Read more

Bring corporate tax down to 10-15% for newspapers: Editors to finance minister

May 21, 2022

Editors yesterday urged the government to bring down the corporate tax for newspapers to 10-15 per cent from the fiscal year of 2022-23 to help the print media survive amid rising costs.
Currently, the newspaper industry has to pay 30 per cent corporate tax.
The editors also demanded a reduction of the tax deducted at source to 2 per Read more

Akij signs deal with Bühler Asia for high-tech flour mill

May 20, 2022

Akij Essentials Ltd has signed an agreement with Swiss multinational plant equipment manufacturer Bühler Asia Private Ltd, Singapore to establish a latest technology flour mill with a 600-tonne daily production capacity located in Narayanganj.
This is one of the big investments in food commodity business by Akij Essentials, a press Read more

Shaila Abedin new CEO of Pulse Healthcare

May 20, 2022

Shaila Abedin has recently been appointed as the chief executive officer (CEO) of Pulse Healthcare Services, a cloud-based Telemedicine platform.
Shaila Abedin, former executive vice president and head of segments of Prime Bank, is an inspirational leader with over 20 years of experience Read more

Garment workers’ buying capacity falling: study

May 19, 2022

Rising cost of living has been eroding the purchasing power of readymade garment workers even though they are earning more through overtime duty apart from regular work hours, said a study released today.
The RMG workers are working more than 10 hours per day on an average. Even after working overtime, the additional meal and house rent are eating up most of their earnings, said the Read more

Alamgir Ranch signs MoU with Daraz

May 19, 2022

Alamgir Ranch Ltd, a sister concern of Labib Group, has signed a memorandum of understanding (MoU) with Daraz Bangladesh Limited as a part of sustainable business and its continued expansion.
CIP Sultana Jahan, director of Alamgir Ranch and vice-chairman of Labib Group, and AHM Hasinul Quddus, chief corporate affairs officer of Daraz Bangladesh Ltd, signed the MoU at the Read more

Walton announces cashback of up to Tk 20 lakh

May 18, 2022

Walton announced Digital Campaign Season-15 for the upcoming Eid-ul-Azha, following its huge success in the previous seasons.
Under the new campaign, customers might get sure cashback of up to Tk 20 lakh or free products worth crores of taka after Read more

US dollar costs travellers Tk 102

May 17, 2022

Exchange rate shot past Tk 100 for the first time in Bangladesh’s history
Volatility in the foreign exchange market intensified today amid a scarcity of the American greenback, forcing travellers to spend as high as Tk 102 to buy a US dollar from banks, the highest in Bangladesh.
Some banks have imposed the rate on travellers as they are facing a shortage of cash dollars, said officials of three banks, requesting not to be named Read more

Shwapno makes export debut

May 17, 2022

Retail chain Shwapno started its export journey by sending it first consignment to Hong Kong on March 31.
The first consignment consisted of pointed gourds, lady fingers, green mangoes, potatoes, bitter gourd and 26 other items of vegetables and fruits, a pressrelease said.
The second consignment of the Bangladeshi retail Read more

Bangladesh 7th highest remittance recipient: World Bank

May 15, 2022

Bangladesh has retained its position as the recipient of the seventh highest amount of money transferred by migrant workers among 10 top recipient nations in 2021.
This year, however, the country may continue to experience a meagre growth in remittance inflow of only 2 per cent this Read more

TallyKhata selected for Visa Accelerator Programme

May 12, 2022

Digital payment service provider Visa has selected digital payments start-up TallyKhata from Bangladesh for the 2022 cohort of its Visa Accelerator Programme in the Asia Pacific.
Joining a select group of five elite startups from across the region, TallyKhata is a leading digital payments platform with wallet and credit capabilities for small and Read more

Bangladesh Bank dismisses news of scrapping Tk 1,000 red-coloured notes as rumour

May 11, 2022

The central bank has brushed aside as simply a rumour the news that the Tk 1,000 red-coloured bank notes will be scrapped.
The news to withdraw the red-coloured banknotes of Tk 1,000 denomination by the regulator that spread on social media is fake, the banking regulator made the Read more

Shwapno clocks record sales growth

May 11, 2022

Shwapno, the largest retail chain in Bangladesh, posted the biggest growth in turnover in the last financial year, driven by higher sales through its e-commerce platform and teleservice amid the coronavirus pandemic.
Turnover rose 18.7 per cent year-on-year to Tk 1,375 crore in the last financial year that ended in June. It was Tk 1,156 crore in the previous year, according to the recently published annual report of Read more

BRAC Bank introduces real-time cash deposit machine

May 9, 2022

Brac Bank has launched 39 real-time cash deposit machines (RCDMs) in Dhaka, Gazipur, Chattogram, Sylhet, Rajshahi, Khulna, Rangpur, Bogura, Jashore and Pabna in the first phase.
The machine allows customers to deposit cash any time and any day of a week to their Brac Bank accounts and pay credit card bills within minutes, a press Read more

Single-month RMG exports to US top $1b

May 7, 2022

Bangladesh’s single-month apparel export earnings from the United States topped the $1-billion mark for the first time in March as both export orders and unit prices witnessed a surge in the market.
The export earnings almost doubled in March from the US compared with that of the same month of 2021, according to the US Department of Commerce’s Office of Textiles and Apparel data released on Read more

Brac Bank donates 5pc of CSR fund to PM’s trust

April 29, 2022

Brac Bank has contributed 5 per cent of its total corporate social responsibility (CSR) budget for 2022 to the Prime Minister’s education assistance trust (EAT).
The bank handed over a cheque equivalent to Tk 11,517,754 to the PM’s EAT on April 20, 2022, a press release said. “We should thank Bangladesh Bank for Read more

Banks to remain open on April 30

April 28, 2022

The Bangladesh Bank today asked banks to keep their doors open and run operations on a limited scale on April 30, a public holiday, in order to settle the increased number of financial transactions ahead of Eid-ul-Fitr.
In 2022, the number of banking transactions have increased substantially year-on-year, which has also fuelled cash withdrawals and deposits with banks, according to a BB Read more

Bata returns to profit in Jan-Mar

April 28, 2022

Bata Shoe, one of the most popular footwear brands in the country, returned to profits in the first quarter (January-March) of the ongoing calendar year after drowning in losses amid the coronavirus pandemic.
The shoemaker’s profits rose to Tk 6.84 crore in the January-March period of 2022 while it was at a loss of Tk 4.90 crore during the same period the previous year, according to the company’s financial Read more

Robi’s profit buoyed by lower income tax

April 27, 2022

Robi Axiata, the country’s second largest mobile network provider in terms of subscribers, said its net profit grew 16 per cent year-on-year to Tk 39.8 crore in the first quarter (January-March) of the current financial year as it had to pay less income tax.
However, increased cost of sales caused Robi’s operating profit to fall by 1 per cent to Read more

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