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BB lifts limit of cash withdrawal from banks

Business Correspondent

Bangladesh Bank (BB) on Saturday lifted the limit of cash withdrawal from banks. From now onwards, any depositor will be able to withdraw any amount of cash from his or her bank account. BB issued the instruction to all commercial banks.This instruction will be effective from today. After the fall of Sheikh Hasina's government on 5 August, ...

European Business Forum to visit BD for a week from Sept 28

Business Correspondent

An official delegation visit to Bangladesh is scheduled by the European Business Forum for Commerce and Industry (EBFCI) to take place from 28th September to 5th October 2024. Dr. Wali Tasar Uddin, MBE, DBA, JP, President of EBFCI, is leading the mission, which will look at new ways to improve trade between Bangladesh, the UK, and ...

NBR appoints coordinators at airports, land-ports to ease external trade

Business Correspondent

The National Board of revenue (NBR) said it has set up a committee to coordinate import-export and cross border transit of goods at all custom houses, two airports and some customs stations in the country, NBR said it in a circular recently. As per the notification, this committee has been formed by making the commissioner of ...

IFAD reassures support to transform BD rural economy

Business Correspondent

The International Fund for Agricultural Development (IFAD) has reassured its continuous support in transforming Bangladesh's rural economy. Its newly appointed Country Director Dr Valantine Achancho said while presenting credentials to foreign affairs adviser Md Touhid Hossain at Foreign Ministry recently, said a IFAD press release on Friday. During the meeting, Achancho said IFAD remains deeply ...

Garment sector unrest will end soon: Finance Advisor

Business Correspondent

Finance and commerce advisor Dr. Salehuddin Ahmed said, discussions were held with owners, workers, leaders of the business organizations and political parties to reduce the ongoing unrest in the garment sector. They have been given a message. Political parties are also cooperating. Problems will be resolved soon, he said answering a question at the end of ...

Task force will be formed to bring back smuggled money: Salehuddin

Business Correspondent

Finance and Commerce Adviser Dr Salehuddin Ahmed said a task force will be formed to bring back the smuggled money. At the same time, in a few months the price of essential goods will come down - can see that. He said these to reporters after a meeting with the delegation of Buying House in his ...

COAST opens community kitchen for flood victims in Feni

Business Correspondent

COAST Foundation has introduced Community Kitchen to cook and provide hot meals to Feni's flood-affected people living in shelters. On Tuesday night (3rd September), nearly 400 people who took shelter in Abdul Karim High School at Dagonbhuiyan Upazila received hot meals from Coast Foundation.A 10-member team of COASTskilled in shelter management distributes meals with 7 ...

Nahid for slashing unnecessary a2i projects

Business Correspondent

Posts, Telecommunications and Information Communication Technology Adviser Md Nahid Islam directed the authorities concerned to slash the unnecessary projects of Aspire to Innovate (a2i).He issued the directive while visiting the a2i headquarters in ICT Tower on Wednesday, said a press release.The adviser said that initiatives taken by a2i should reach the county's people and innovative ...

DSE ends mixed, CSE edges down

Business Correspondent

Indices on the Dhaka Stock Exchange (DSE) ended mixed while the Chittagong Stock Exchange (CSE) edged down on Thursday amid volatile trading.The benchmark index of the DSE closed the day with 10.42 points down at 5,728.65. But, the Shariah DSES and the blue-chip DS30 closed the day with 0.95 point up at 1,228.80 and with ...

Unrest in RMG factories being instigated by outsiders: BGMEA

Business Correspondent

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Khandoker Rafiqul Islam said unrest in the ready-made garment (RMG) factories of Ashulia, Savar and Gazipur areas has predominantly been instigated by outsiders. "These outsiders are posing significant challenges to the smooth operation of factories. Around 170 factories are on the brink of closure due to ongoing ...