Business

In response to recent reports suggesting a payment deadline for Bangladesh, Adani Group clarified on Sunday that it has not demanded full payment of outstanding dues within a seven-day period. Instead, the group emphasized its ongoing cooperation with the Bangladesh Power Development Board (BPDB) to address and resolve any issues related to payments, according to a statement from its PR ...

A Chinese company ‘Xingchen Textile Co Ltd’ is set to invest US$ 35.03 million to establish a textile industry in the Mongla Export Processing Zone (Mongla EPZ). The company will produce 20,000 metric tons of yarn and 12,000 metric tons of woven fabrics annually by recycling garment wastage, commonly known as ‘Jhut’, said a press release. Bangladesh Export Processing Zones ...

Bangladesh has significant potential for mobilising revenue collection, as highlighted by a recent official assessment on revenue buoyancy, a measure reflecting how tax revenues respond to economic growth. Revenue buoyancy, the responsiveness of revenues to gross domestic product (GDP), is a critical metric for gauging the performance of a revenue system and the forecast for revenue growth. A buoyancy coefficient ...

    A star-studded awards ceremony has hailed the UK’s top curry chefs – amid a warning that, with- out continued Government support, the future of the nation’s favorite dish could be thrown into doubt. Chefs and restaurants from across the country were honored at the annual Bangladesh Caterers Association awards dinner at the InterContinental London at The O2 on ...

The government has reduced the retail prices of diesel and kerosene by Tk 0.50 to Tk 105 per litre from Tk105.50 for the month of November. However, the prices of octane and petrol were remained unchanged at Tk125 and Tk121 per litre respectively. The Ministry of Power, Energy, and Mineral Resources through a press release on Thursday confirmed the price ...

The ban on using polythene and polypropylene bags in all markets across the country officially began from Friday (November 1). On September 24, interim government advisor on environment, forest, and climate change, Syeda Rizwana Hasan, announced that from November 1, all types of plastic bags would be prohibited, and no customer should be given such bags. The Department of Environment ...

Leading apparel businessman of the country Kutubuddin Ahmed, Chairman of Sheltech Group, Envoy Legacy and Envoy Textiles Ltd. has been appointed as the Honorary Consul of the Democratic Republic of Timor-Leste in Bangladesh. In a letter of patent, Bendito dos Santos Freitas, the Minister of Foreign Affairs and Cooperation of Timor-Leste, stated: “I hereby appoint Kutubuddin Ahmed as the Honorary ...

Southeast Bank PLC. has organized its 746th board meeting on Wednesday (30 October 2024). M. A. Kashem, Chairman of Southeast Bank PLC, presided over the Board Meeting. Vice-Chairperson Rehana Rahman, Bank’s Directors- Alamgir Kabir, FCA, Azim Uddin Ahmed, Jusna Ara Kashem, Duluma Ahmed, Md. Akikur Rahman, Nasir Uddin Ahmed, Md. Rafiqul Islam (Nominee of Asia Insurance Limited), Md. Nurul Islam, ...

The Ministry of Commerce has taken an initiative to return monies owed to traders by e-commerce companies that went bust all of a sudden, leaving innumerable buyers and sellers in the lurch. The ministry has asked for a complete list of these affected customers by November 14. The ministry has also issued a public notice in this regard, reports UNB. ...

The country’s both the bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged further due to mainly a price fall in large-cap securities. The benchmark index DSEX settled 149.20 points down at 4,965.39. Two other indices of the DSE also ended lower. Of them, DSE 30, comprising blue chips, plunged 48.18 points to finish ...