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Business Correspondent
Kurdistan-BD Business Council chief meets BGMEA PrezDr. Ahmad Jalal, President of Iraqi Kurdistan -Bangladesh Business Council paid a visit to BGMEA President Faruque Hassan, at the latters office on Thursday, says a press release. Ther discussions centered on business potential for mutually beneficial trade and investment opportunities between Bangladesh and Iraq, with a special emphasis on Erbil, Kurdistan.The two leaders discussed ...
Business Correspondent
USDA cuts Bangladesh rice production forecastRice production in Bangladesh may slightly decline in marketing year (MY) 2023-24 as a result of partial damage to Aman crop, now being harvested in Southern coastal districts, the US Department of Agriculture (USDA) said last week.Farmers will likely bag 3.63 crore tonnes of milled rice in the current marketing year beginning from May, down ...
Business Correspondent
‘BD to turn worlds 20th largest economy by 2038’Bangladesh is set to become the worlds 20th largest economy by 2038 based on continued economic growth, according to forecast by London-based Centre for Economics and Business Research (CEBR) on Wednesday.It further said India is set to become the worlds third-largest economy by 2032, and will eventually surpass China and the United States to become ...
Business Correspondent
Revenue collection shortfall lags behind IMF requirementThe National Board of Revenue (NBR) experienced a 14.26 percent year-on-year rise in revenue collection for July-November period of FY24, the first five months of the fiscal. However, this still fell short of the target, according to insider sources. According to NBR data, Tk132,000 crore was collected in the first five months of this fiscal ...
Business Correspondent
Samdani elected CMJF prez, Abu GSSarabangla.net Special Correspondent Golam Samdani Bhuiyan has been elected president of the Capital Market Journalists Forum (CMJF), an organization of journalists working on capital markets. Besides, Amader Somoy senior reporter Abu Ali has been re-elected as the general secretary. They will serve for the term 2024-25.They were elected by direct vote of the members at ...
Business Correspondent
DSE ends mixed, CSE slides on growing political anxietyIndices on the Dhaka Stock Exchange (DSE) ended mixed and the indicators on the Chittagong Stock Exchange fell amid volatile trading despite growing political anxiety on Thursday.At the end of the trading DSEX, the lead index of the DSE gained 2 points to 6,246 and the DSE-30 index consisting of 30 well-chosen companies also gained ...
Business Correspondent
UDDIPAN joins UK to enrich lives for brighter futureUnited Development Initiatives for Programmed Actions (UDDIPAN) has recently entered into a strategic partnership with the UK to foster initiatives that promise mutual benefits for both nations.Both would work now to undertake initiatives and implement projects to improve the life and livelihood of the poor in Bangladesh.  The recent visit of British Shadow Minister Sam ...
Business Correspondent
NBFIs loans move faster over depositLoans extended by the countrys non-bank financial institutions (NBFI) surged by Tk 900 crore, while deposits grew by Tk 37 crore in July-September period. Deposits in NBFIs increased to Tk 44,720 crore in this quarter up from Tk 44,683 crore in the previous quarter.As per Bangladesh Bank data loan disbursement by NBFIs rose to Tk ...
Business Correspondent
ICAB elects president, vice presidents for 2024 The Institute of Chartered Accountants of Bangladesh (ICAB) has elected Mohammed Forkan Uddin as president while MBM Lutful Hadee, Maria Howlader and Md Johirul Islam as vice presidents of the Institute for the year 2024.The new office bearers of ICAB were elected by the members of the council at the council meeting held today which ...
Business Correspondent
StanChart first multinational bank to offer bancassurance products Standard Chartered Bangladesh (StanChart) has become the first multinational bank to sign bancassurance agreement with MetLife. This agreement will enable the Bank to sell MetLife issued insurance solutions to its retail customers. This partnership of these two organizations with rich history in Bangladesh, will play a significant role in creating awareness about insurance and positively ...
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