Mastercard has announced the completion of its acquisition of Transfast, a global payments company with significant cross-border network reach.The acquisition builds on Mastercard’s strength in...

In a blow to apparel exporters, the EU, Bangladesh’s largest export destination, has extended duty-free access to Vietnam, eliminating the competitive edge that the country...

The government has been able to keep inflation within the limit it had set a year back for the just-concluded fiscal year, largely on the...

The recent gas price hike will increase the cost of ceramics production by 10 percent, which will be a huge blow to the local ceramic...

The Bangladesh Association of Software and Information Services (BASIS) yesterday said it will award 105 individuals and companies in 35 categories at its flagship ICT...

A massive decline in import and an inflow of record remittance have helped narrow the current account deficit by 40 percent in the first 11...

The country’s merchandise export earnings grew by 10.55 percent year-on-year to $40.53 billion in the immediate past fiscal year riding on a high volume of...

Rangs Limited, an automotive distributor in Bangladesh, has introduced a four-wheeler drive plug-in hybrid sport utility vehicle named Mitsubishi Outlander PHEV. Shoeb Ahmed, chief executive officer...

The government has directed the central bank to liquidate People’s Leasing and Financial Services (PLFS), a non-bank financial institution, due to deterioration of its financial...

Grameenphone and Robi yesterday termed “inappropriate” and “illegal” the telecom regulator’s move to partially block their bandwidth since last Thursday to get them to cough...

Investors have continued to lose money as the budget for the current fiscal year has broadly failed to lift the stock markets and restore confidence.In...

The government will soon start allowing export of rice to create a balance in supply and demand and ensure fair prices of the staple in...

The National Board of Revenue (NBR) has made the use of its prescribed software mandatory for firms with annual turnover of Tk 5 crore and...

We live in an extraordinary era. Never before was the competition so intense, opportunities so huge and challenges so daunting. It is because of one...

US and Chinese officials are working to schedule a top-level trade talks by telephone next week but a face-to-face encounter has not been scheduled yet,...

The retail price of each 50-kg bag of cement has edged up 12 percent, or Tk 50, to Tk 460-470 -- a development that will...

The Indian government’s annual budget statement on Friday included measures aimed at improving the investment climate but lacked any direct steps to stimulate a sagging...

Amazon.com Inc founder Jeff Bezos' divorce from his wife of 25 years, MacKenzie Bezos, was finalized by a Seattle-area judge on Friday, paving the way...

Two business persons and two companies were awarded at the 18th edition of the Bangladesh Business Awards at the capital’s Radisson Blu Dhaka Water Garden...

The telecom regulator has partially blocked the bandwidth capacity of Grameenphone and Robi from last evening for non-payment of dues detected in audits -- a...

Prime Minister Sheikh Hasina yesterday invited Chinese businesspeople to explore the full potential of business and trade relations with Bangladesh as the country is marching...

The world is witnessing a fierce trade conflict between the US and China. It all started in January last year when US President Donald Trump...

Authorities in southern India have started inspecting garment factories and spinning mills after a Thomson Reuters Foundation investigation found workers were being given unlabelled pills...

Every budget includes many good initiatives but in reality these remain unimplemented at the year’s end due to a lack of action plans and proper...

State banks did not get a single penny from taxpayers in the just concluded fiscal year to make up their capital deficit, in a clear...

Bangladesh will have to invest more in its young people if it wants to make the most of the demographic dividend, speakers said yesterday. Prof Shamsul...

The National Board of Revenue (NBR) has exemp-ted value-added tax and supplementary duty on the import of raw materials for sanitary napkin and nappy for...

Stocks plummeted sharply yesterday, especially those of cement, ceramics, power and textile companies, as news spread of a gas price hike. The DSEX, the bourse’s prime...

The higher tax on profits from national savings instruments from this fiscal year will be applied on both new and old certificates, in a blow...

Bilateral trade between Bangladesh and China trebled to nearly $12 billion in the past decade thanks to the soaring imports by industrialists and businesses.Trade between...

Transactions through the mobile financial service platform hit a record Tk 42,236.23 crore in May as discounts offered by the major MFS providers to tempt...

Innovation and new ideas are key to establishing a brand and ensuring its sustainable run, said Syed Alamgir, managing director of ACI Consumer Brands.“Innovation will...

Most of the private banks saw their operating profits edge up in the first half of the year despite the ongoing liquidity crisis and a...

Japan has agreed to lend Bangladesh $1.31 billion under the 40th official development assistance (ODA) loan package for the construction of the Matarbari ultra-supercritical coal-fired...

The value added tax (VAT) proposed in the budget for 2019-20 on online shopping comes into effect from today, albeit at a reduced rate and...

Stocks fell yesterday despite the government’s move to soften its harsh proposals for the capital market in the final budget for fiscal 2019-20, suggesting the...

Mercy Miyang Tembon has recently been appointed as the World Bank’s new country director for Bangladesh and Bhutan. The Cameroonian national will lead the implementation of...

The world’s two largest economies are in the midst of a bitter trade war, which has seen them level increasingly severe tariffs on each other’s...

The farming of a sea bass variety—popularly known as koral or vetki—is set to begin in Bangladesh as Beach Hatchery Ltd plans to establish a...

Despite rescheduling huge amount of loans, the default loans of Islami Bank Bangladesh Ltd (IBBL) more than doubled to Tk 6,916 crore between the months...

Yarn and fabrics export rose 20.46 percent year-on-year to $141.12 million between July and May, an indication that Bangladesh can become a major source for...

Bangladesh needs to empower the local government institutions through administrative and fiscal decentralisation to achieve the upper-middle income status, said a new World Bank report. ...

The United States and China have agreed to a tentative truce in their trade dispute ahead of a meeting between leaders of the two nations...

There is an obsession in Bangladesh with taxing mobile telecom services. The resulting burden on the sector trickles down to the consumer, hampers growth and...

Although the allocation for water, sanitation and hygiene has increased significantly in the proposed budget, an inadequate allotment for rural and hard-to-reach areas poses a...

Weavers in Tangail are going through a difficult time as the sales of the saris they make using handlooms have dropped drastically in the last...

Jewellers paid about Tk 175 crore in tax to legalise their undeclared stock of gold at the three-day gold fair that wrapped up yesterday.The fair,...

It is high time to explore business opportunities in Qatar, non-resident Bangladeshis said yesterday.With its four neighbours having imposed economic and diplomatic embargo, the oil-rich...

The price of mild-steel rod will go up Tk 10,350 per tonne if the proposed value-added tax and other fiscal measures for next fiscal year...

Garment factory owners will introduce digital salary disbursement to ensure female workers get full ownership of their earnings and more transparency in payment, said Rubana...