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    BB allows exports under open account credit terms with guarantee

    Staff Correspondent | Updated at 10:45pm on July 01, 2020

    The Bangladesh Bank has allowed exports on sales contracts under open account credit terms with external payment guarantee. On Tuesday, the central bank issued a circular in this regard, stating that...

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    6 listed state-run cos not issuing shares worth Tk 6,652cr to govt

    Mostafizur Rahman | Updated at 10:43pm on July 01, 2020

    Six listed state-owned companies are yet to issue shares against Tk 6,652 crore share money deposits of the government, depriving the government from the ownership and dividend income...

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    Businesses must display BIN on premises

    Staff Correspondent | Updated at 10:39pm on July 01, 2020

    It has been made mandatory for Value Added Tax-registered businesses and shops to display their business identification certificates on their premises from now on. Business and shop owners will face legal action for not exhibiting the...

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    COVID-19, rate cut hit banks’ H1 operating profits

    HM Murtuza | Updated at 10:34pm on July 01, 2020

    Most of the banks witnessed a fall in operating profits in the first half of 2020 due mainly to the implementation of the single-digit lending rate and the coronavirus-induced shutdown of business...

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    Bangladesh RMG exports dip by $6.3b in FY20 on pandemic

    Staff Correspondent | Updated at 10:33pm on July 01, 2020

    The country’s readymade garment exports in the just concluded financial year 2019-20 declined by 18.8 per cent, or $6.43 billion, to $27.7 billion from $34.13 billion in FY 2018-19 as the global outbreak of...

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    NYT pulls out of Apple News

    | Updated at 11:23pm on June 30, 2020

    The New York Times has become the highest-profile media organisation to leave Apple News, saying the tech giant’s service was not helping achieve the newspaper’s subscription and...

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    SBAC Bank declares 10pc stock dividend

    | Updated at 11:21pm on June 30, 2020

    The board of directors of South Bangla Agriculture and Commerce (SBAC) Bank Limited has recommended 10 per cent stock dividend for the shareholders for the year 2019, said a press release...

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    Stocks slump by 26pc in FY20

    Staff Correspondent | Updated at 11:19pm on June 30, 2020

    Dhaka stocks ended slightly up on Tuesday, the closing day of the financial year 2019-20, as few investors kept buying shares at the BSEC-set floor prices, but the overall market situation in the...

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    BSEC asks 34 banks to submit status of spl funds

    Mostafizur Rahman | Updated at 11:18pm on June 30, 2020

    Bangladesh Securities and Exchange Commission on Tuesday asked all the listed banks and four state-owned banks to submit status reports on creation of special fund and its investment in...

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    Unilever completes acquisition of GSK Bangladesh

    Staff Correspondent | Updated at 11:16pm on June 30, 2020

    Unilever on Tuesday announced acquisition of 81.98 per cent shares of GlaxoSmithKline Bangladesh to bolster its purpose of building a profitable and sustainable nutrition business in Bangladesh...