Monday, 25 Nov, 2024

Business

imo Partners with Pritom Hasan to Launch Special Valentine’s Day Theme Song Celebrate Love Together

imo, in its continued efforts to bring people of Bangladesh closer and enhance their connectivity with loved ones, has partnered with popular Bangladeshi singer-songwriter Pritom Hasan to release a special love song titled “CelebrateLoveTogether” on Valentine’s Day.

East West Media Group receives best taxpayer award

East West Media Group Limited (EWMGL), a concern of the country’s leading business conglomerate Bashundhara Group, has been honoured once again as the top taxpayer in print and electronic media category. The National Board of Revenue (NBR) on Thursday handed over the tax card to

India facilitates Bangladesh-Nepal transit for fertilizer export

India facilitated the transit of fertilizer export to Nepal from Bangladesh via Rohanpur-Singhabad rail route with a view to boost to sub-regional connectivity and cooperation. An agreement was signed between Bangladesh and Nepal in 1976 under which export commodity from Bangladesh to

Bashundhara Bitumen Plant begins commercial operation

Bashundhara Bitumen Plant, a concern of Bashundhara Oil and Gas Company Ltd, has formally begun its commercial operation.     Ten renowned dealers were supplied quality bitumen from its plant at Pangaon of Keraniganj in Dhaka on Sunday morning. Bashundhara Group Managing

Decision on Trade Fair depends on Corona situation: Minister

Commerce Minister Tipu Munshi on Sunday said the decision to commence Dhaka International Trade Fair would be finalized after observing the coronavirus situation.  The minister made the announcement at a virtual program at the Secretariat. Chinese Ambassador to Bangladesh Li

Saudi Arabia, UAE retain $2b financial support

Saudi Arabia and the United Arab Emirates (UAE) have not withdrawn their $2 billion loans that matured last month, indicating a thaw in relations between Pakistan and the two key Gulf nations. Saudi Arabia has retained the remaining $1 billion cash deposit, a senior government

India supplies mobile harbor cranes to Iran for development of Chabahar port

The first tranche of equipment consisting of two 140-ton mobile harbor cranes was shipped by India on Sunday for the development of phase 1 of Shahid Beheshti Port in Iran’s Chabahar. “J P Singh, JS(PAI) MEA India handed over two 140-ton mobile harbor cranes, the first

Bashundhara Group MD visits BDBL office

Bashundhara Group Managing Director (MD) Sayem Sobhan Anvir visited Bangladesh Development Bank Limited (BDBL) on Monday. During the visit, Sayem Sobhan Anvir paid a courtesy call on BDBL Managing Director and CEO Kazi Alamgir at the bank’s head office at Motijheel.

EWMGL to get highest taxpayer award

East West Media Group Limited (EWMGL), a concern of Bashundhara Group- one of the largest industrial conglomerates in the country, has once again topped the list of taxpaying companies in print and electronic media category. National Board of Revenue (NBR) sources confirmed the news on

UN forecasts 4.7% global economic growth in 2021

The United Nations warned Monday that the world economy is “on a cliffhanger,” still reeling from the COVID-19 pandemic whose impact will be felt for years but still expected to make a modest recovery of 4.7% in 2021 which would barely offset 2020 losses. The U.N.’s

Impact of COVID-19 in Digital Payment and Factors that will drive digital payment in coming day

Bangladesh a country with lots of business potential where 168.367 million people have access to mobile phone and about 101.905 million, are using mobile internet. Market data shows that about 45% people own a smartphone which is around 76.5 million Bangladesh people having at least one

Ahmed Jamal appointed Bangladesh Bank director

The government has appointed Ahmed Jamal, deputy governor of Bangladesh Bank, as the director of the Board of Directors and member of the Executive Committee of the bank for next three years.  Bank and Financial Institutions Division under the Ministry of Finance issued a press

BB reserve heist case report submission now on Feb 17

A Dhaka court on Wednesday set February 17 to submit the probe report in the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury set the date as the investigation agency CID failed to present the report

Bangladesh sets example in housing sector, say top business leaders

Bangladesh has set an example in the housing and real estate industry as it had played a major role in national economy in the last 30 years, said top business leaders of Bangladesh and India. Mentioning that the housing industry also contributed to the development of other industries

Youth can become a liability if appropriate fields aren't created 

I will work to create more opportunities for the young entrepreneurs across the country and for the betterment of Junior Chamber International (JCI) Bangladesh. JCI Bangladesh works for the standard changes and development of society and the development of personal skill and

Tk 2.08tn budget deficit likely in FY22

The potential budget deficit in the upcoming 2021-22 fiscal year is going to be Tk 2.075 trillion or 5.8 per cent of GDP on the back of revenue losses due to the impact of Covid-19 pandemic. The government plans to pick up a Tk 5.92 trillion (GDP’s 16.7 per cent) budget in FY22

Tk 148bn stimulus packages likely in FY ’22

The government is likely to allocate Tk 148 billion for new stimulus packages in 2021-22 fiscal to fend off the impact of coronavirus pandemic. The size of the new stimulus package was proposed in the first meeting of the Budget Monitoring and Resources Committee held virtually with

Brexit: New EU trade arrangements to begin after Parliament vote

The post-Brexit trade deal between the UK and EU takes effect at 23:00 GMT on Thursday, after it was signed into law. Parliament overwhelmingly backed the agreement in a high-speed process on Wednesday, following the two sides reaching agreement on Christmas Eve. It takes the UK out

Govt goes tough on bond misuse

The government appears to have taken a tough stance against the misuse of the bond facility to prevent evasion of import duty and safeguard the local manufacturing sector. In a recent move, the Customs Bond Commissionerate of Dhaka has suspended the bond licences of 125 name-only

India lifts ban on onion export

India has withdrawn its ban on onion export.  The move came more than three months after India imposed abrupt export ban on the cooking ingredient which led the onion prices to soar in neighboring Bangladesh. India’s Ministry of Commerce and Industry announced the