Economy
Country’s first onion storage starts operation in Mymensingh
Bangladesh’s first onion storage and processing centre has started its operation at Bhaluka of Voradoba in Mymensingh on May 2
Tannery workers' minimum wage should be Tk 22,776: CPD
Minimum wage of workers in the tannery industry should be Tk 22,776 considering the current market conditions and high inflation, according to a study by CPD
Half of remittances came thru Islamic banking in Dec
Nearly half of the total remittances in December last year came to Bangladesh through Islamic banking channels, according to the Bangladesh Bank.
Remittance rose 21% in April for Eid
Officials of commercial banks said the remittance inflows are not up to the mark considering the record number of manpower exports because the unofficial exchange rate is still high.
Export falls to a six-month low
The country shipped products worth $3.91 billion last month, down 0.99 percent from $3.95 billion a year ago, according to data released yesterday by the Export Promotion Bureau (EPB).
Handover of 500 acres of land for Bay Terminal at final stage
In three separate letters, the Chattogram district administration yesterday instructed the Chittagong Port Authority (CPA) to deposit the land lease charges with the Bangladesh Bank and send copies of the respective receipts to its office.
Padma Bank MD asked to justify application on behalf of defaulter
The court has served a show-cause notice to the managing director of Padma Bank for applying for bail and release of property of a wilful defaulter without fulfilling the conditions of the law, according to court documents.
More exchange rate flexibility needed
Bangladesh’s macroeconomic performance has significantly improved since the country entered the IMF’s $4.7 billion loan programme in January last year, but the bleeding of foreign currency reserves continues, putting the taka under pressure, the global lender said yesterday.
HC scraps its order to probe loan scams in three banks
The High Court yesterday scrapped its suomoto (voluntary) rule that directed the authorities concerned to probe the alleged loan scams in Islami Bank, Social Islami Bank and First Security Islami Bank.
Beximco Pharma’s Q3 profits soar 51%
Beximco Pharmaceuticals’ profits in the January-March period of fiscal year (FY) 2023-24 grew by 51 percent from that in the same period of the previous fiscal year, owing to higher sales and efficient cost management.
Stressed loans in banks to remain elevated: Moody’s
The stressed loans in the banking sector of Bangladesh will remain elevated even after the central bank tightened the rules for classification of non-performing loans (NPLs), said Moody’s Investors Service.
Capital gain tax on stock trading unlikely: BSEC chairman
Prof Shibli Rubayat-Ul Islam says in a meeting with capital market journalists
Tax revenue’s 43% spent on govt salaries
Public employees’ pay rises 406% in 12 years, a PRI study finds
ERF-Pran Media Award on agro-processing launched
Seven journalists will be awarded in print, online and television categories
Shams Zaman, PwC Bangladesh’s new country managing partner
He has over 28 years of professional experience
Beximco’s Tk 1,500 crore zero coupon bond’s subscription begins
The subscription of the Beximco 1st Unsecured Zero-Coupon Bond worth Tk 1,500 crore started on April 28 and the first tranche of the subscription will be closed on May 15 this year, Beximco said in a statement.
$289 million deal signed with Islamic Development Bank
The second phase of the project will be of five years
