• Images

    Most banks’ H1 operating profits rise

    Staff Correspondent | Updated at 11:45pm on July 02, 2017

    Operating profits of most of the banks increased in the first half of this calendar year due to a rising credit disbursement particularly in the private sector, said officials of commercial banks and Bangladesh Bank...

  • Images

    Dhaka set to ink LNG import deal with Doha this month

    Manjurul Ahsan | Updated at 11:44pm on July 02, 2017

    The government is set to initial a long-term agreement with Qatar this month to import up to 4 million tonnes of liquefied natural gas per annum from early 2018 to meet the country’s growing demand, officials have said...

  • Images

    Govt, garment owners express displeasures with four envoys

    Staff Correspondent | Updated at 11:41pm on July 02, 2017

    Bangladesh government and readymade garment factory owners have expressed their deep displeasure over a unilateral decision made by the EU brands and retailers to extend the presence of Accord on Fire and Building Safety in Bangladesh by three years...

  • Images

    Remittance hits 6-yr low in FY17 as $2b wiped off

    Staff Correspondent | Updated at 11:30pm on July 02, 2017

    Country’s inward remittance slumped to a six-year low to $12.76 billion in the just concluded fiscal year (2016-17) as many expatriate Bangladeshis opted to send their money home through illegal channels like hundi and the current dull business situation in the Middle East countries, where most of the expatriates live, impacted their earnings...

  • Images

    Stocks gain in shortened week as uniform VAT put off

    Staff Correspondent | Updated at 03:01am on July 02, 2017

    Prices of Dhaka stocks increased in a shortened week as investors kept buying shares with enthusiasm as the government made few changes including the new VAT law suspension in the national budget for the fiscal year 2017-18 that began Saturday....

  • Images

    Fund collections thru IPOs hit 11yr low

    HM Murtuza | Updated at 02:59am on July 02, 2017

    The number of IPO-fund raising companies in the country’s capital market hit eleven-year low in the just concluded fiscal year of 2016-17 amid complexities over public issue rule amendment and declining bank loan interest rate...

  • Images

    NBR achieves revised revenue collection target

    Bangladesh Sangbad Sangstha . Dhaka | Updated at 02:57am on July 02, 2017

    The National Board of Revenue exceeded the revenue collection target for the outgoing fiscal year 2016-17 as it collected Tk 1,08,571 crore, up Tk 71 crore from the revised target of Tk 1,85,000 crore...

  • Images

    Revenue collection would surpass fiscal target if corruption checked

    Staff Correspondent | Updated at 02:55am on July 02, 2017

    Business leaders on Saturday said that if corruption could be prevented, the country’s revenue collection would surpass budgetary target even after suspension of Value-added Tax and Supplementary Duty Act-2012 for next two years...

  • Images

    Businesses take $2b in buyers’ credit in 1yr

    AKM Zamir Uddin | Updated at 02:39am on July 02, 2017

    Buyers’ credit in the country’s business sector increased heavily in recent months, reaching almost $6 billion at the end of April as local importers were taking the advantage of receiving foreign loans at lower rates of interest...

  • Images

    ACC arrests Citycell CEO

    Staff Correspondent | Updated at 12:05am on July 02, 2017

    The Anti-Corruption Commission on Saturday arrested Pacific Bangladesh Telecom Limited chief executive officer Mehboob Chowdhury in a case filed against him and 15 others...