Bangladesh Bank (BB) has asked banks to take a minimum cash advance from importers while opening letters of credit (LCs) for rice and wheat to keep their prices at a tolerable level in the domestic market and ensure smooth supply. The advance payment, also known as the cash LC margin,

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) is working to increase the export of manpower as well as readymade garments, textile, leather, plastic, pharmaceutical to Romania. The Romanian ambassador Daniela Sezonov Tane, during a courtesy call on FBCCI

Bangladesh and Japan today (Dec 12) jointly announced the launching of feasibility study on future signing of Free Trade Agreement (FTA) or Economic Partnership Agreement (EPA) in a bid to boost the bilateral trade between the two friendly countries. Commerce Minister Tipu Munshi

The government has announced what it describes as one of the biggest overhauls of financial regulation for more than three decades. It says the package of more than 30 reforms will "cut red tape" and "turbocharge growth". Rules that forced banks to legally

The Bangladesh Bank on Sunday (Dec 11) asked scheduled banks to charge margins at a minimum rate against opening of import letters of credit (L/C) for essential kitchen commodities ahead of the month of Ramadan. A circular was issued by the central bank in this regard to prevent price

Islamic banks repaid Tk 5.9 billion on Thursday to Bangladesh Bank after the central bank injected Tk 52.47 billion into the Shariah-based entities in three days under a liquidity facility. In the first two days, five lenders – Islami Bank, Union Bank, Social Islami Bank, First

BDCOM Online Ltd., one of the leading public listed nationwide ISP and ICT service providers in Bangladesh, Since 1997 has won the ICMAB - Best Corporate Award 2021 under the Telecommunication and IT Category. The Honorable Chairman of BDCOM Online Ltd., Mr. Wahidul Haque Siddiqui, and

This was supposed to be the comeback year for the world economy following the Covid pandemic. Instead, 2022 was marked by a new war, record inflation and climate-linked disasters. It was a "polycrisis" year, a term popularised by historian Adam Tooze. Get ready for more

The 6th Meeting of the US-Bangladesh Trade and Investment Cooperation Forum Agreement (TICFA) was held in Washington DC on Tuesday (Dec 6). Tapan Kanti Ghosh, Senior Secretary of the Ministry of Commerce, and Mr. Christopher Wilson, Assistant US Trade Representative (USTR) for South

Bashundhara Paper Mills Limited made history by selling the highest number of products of its kind in Bangladesh in the month of November this year. Bashundhara Paper Mills Limited has Bashundhara Tissue, Bashundhara Khata, Bashundhara Paper, Bashundhara Diapant and other products.

Oil prices rose on Monday following an agreement by the G7 group of nations and its allies to cap the price of Russian oil at $60 (£49) a barrel. Brent crude added around 0.7% to above $86 in Asia trading. The move - which could come into force on Monday - raises Western

The price of a 12-kg liquefied petroleum gas (LPG) cylinder has increased by Tk 46 to Tk 1,297. Bangladesh Energy Regulatory Commission (BERC) announced the fresh price on Sunday (Dec 4). The new price rate will come into effect from 6:00 pm today. The price of different

The country's leading ICT product & solutions provider, Unique Business Systems Limited (UBSL), has announced its partnership with LG to distribute the latest and most advanced Display Solutions in the local market. In this regard, a memorandum of understanding (MOU) was signed

Gold traders across the country are being united under the platform of Bangladesh Jewellers’ Association (BAJUS) led by its President Sayem Sobhan Anvir.  The organisation’s central leaders came up with the remarks during a view exchange meeting with leaders and

Jewellers have raised the price of gold by Tk 3,033 to Tk 87, 247 per bhori (11.664 grams) due to a hike in the price of the precious metal on the international market. Standing committee on pricing and price monitoring of Bangladesh Jeweller’s Association (BAJUS) made the

With the theme 'Let's use local textile products, build golden Bangla", the National Textiles Day-2022" will be observed in the country on Sunday (Dec 4).  The Ministry of Textiles and Jute has taken an elaborate programme to mark the day, according to an

Janata Bank Limited has achieved the gold award of "ICMAB Best Corporate Award 2021 in the Nationalized Commercial Bank category. The bank's Chairman Dr S M Mahfuzur Rahman, Managing Director & CEO Md Abdus Salam Azad (HFF) and CFO (DMD) Md Nurul Alam FCMA, FCA received

The Group of Seven (G7) nations, Australia and the European Union have agreed on a $60 per barrel price cap on Russian seaborne crude oil as part of an international campaign to curb Russia’s ability to finance its war against Ukraine through energy sales. The EU agreed on the

Police and other law enforcers are more active now to recover robbed gold to support the jewellers across the country. This was said by Dewan Aminul Islam, vice president of Bangladesh Jeweller’s Association (BAJUS) in a view exchange meeting with in Moulvibazar jewellers and

Under the dynamic leadership of Bangladesh Jewellers’ Association (BAJUS) President Sayem Sobhan Anvir, organisational strength of the body has remarkably boosted. This was said by central leaders of the organisation at a view exchange meeting with Madaripur unit leaders and