Monday | 11 November 2024 | Reg No- 06
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Monday | 11 November 2024
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Business Correspondent
BB board approves forensic audit of Nagad at latest meetingBangladesh Bank (BB)'s board meeting held on Sunday focused on significant restructuring within the central bank and key financial matters, including a forensic audit of Nagad, a major mobile financial service provider. The meeting's primary agenda item was the restructuring of the Audit Committee. Dr. Rashed Al Ahmed Titumir, a professor at Dhaka University, was appointed ...
Business Correspondent
Taiwan Textile Fed delegate meets BGMEA administrator A delegation of the Taiwan Textile Federation (TTF) met Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Administrator Anwar Hossain to discuss potential areas of collaboration in apparel and textile trades. The meeting of the TTF delegation led by its president Justin Huang held at the BGMEA Complex on Saturday. The discussion covered various trade-related issues, including the ...
Business Correspondent
Country's first electric power tiller unveiled in DhakaFarmers Market Asia, a pioneering force in global sustainable agri-solutions, and Cassetex, a leading electric vehicle solutions company has jointly launched the region's first electric power tiller at the International Exhibition on Electric Vehicle & Mobility Industry (BEVMX) 2024 in Dhaka on Sunday. Cassetex, the country's first battery swapping network is showcasing various electric vehicle products, ...
Business Correspondent
Integrated planning, effective execution key to ICT development Experts at a seminar said integrated planning and effective execution essential for ICT development. They also said insufficient infrastructure, lack of policy support, complex credit support, lack of access to finance, shortage of skilled manpower and supportive duty structure are retarding full tapping of the sector. They made the observation at a seminar on "Reform for ICT ...
Business Correspondent
Submarine Cables profit falls by 20pc to Tk 48.06cr in Q1FY25Bangladesh Submarine Cables PLC's profit declined by 20 per cent to Tk Tk 48.06 crore in the first quarter (July-September) of the current financial year on rising operational costs.Diluted earnings per share (EPS) dropped to Tk 2.57 from Tk 3.22 in the same quarter last year, according to a disclosure on the website of Dhaka ...
Business Correspondent
Pran now manufacturing flour, semolinaPran-RFL Group, one of the country's leading conglomerates with diversified interests, including in food processing, has started producing both whole wheat and refined flour alongside semolina. Flour has long been a key raw material for the group, which entered into the food business in 1985 on starting off with the business of manufacturing tube-wells in 1981.However, ...
Business Correspondent
DCCI seeks BD-Argentina JV in country's pharmaceutical sector President of Dhaka Chamber of Commerce and Industry (DCCI) Ashraf Ahmed invited Argentine companies to come to Bangladesh to do joint ventures in pharmaceutical and active pharmaceutical ingredients (API) industries to enjoy the incentives given by the government in this sector. He made the point at bilateral meeting between DCCI President Ashraf Ahmed and the Ambassador ...
Business Correspondent
Chinese investors show strong interest in BD power sector In a collaborative meeting at the Bangladesh Investment Development Authority's (BIDA) headquarters, Chinese investors outlined significant plans for joint ventures in Bangladesh's power and green technology sectors. The meeting, chaired by BIDA's Executive Chairman Chowdhury Ashiq Mahmud Bin Harun, brought together representatives from Bangladesh's Nams Motors Limited and China's Wellbe Communication Technology Limited and Beijing Hairun ...
Business Correspondent
Revenue shortfall stands at Tk 30,768cr in four monthsThe revenue sector suffers major setback from the impact of July-August political unrest. The sluggish economic activities following the unrest are visible in revenue collection as business throughout the stopped for a while during this period. There has been a deficit of Tk 30,768 crore in revenue collection of customs and other taxes during the first ...
Business Correspondent
Tea exports rise to 7-year high in first 10 months of 2024Bangladesh exported 2.20 million kilogrammes (kg) of tea, in the first 10 months of the current calendar year 2024, the highest annual export volume since 2017, according to Bangladesh Tea Board (BTB).In 2017, tea exports touched 2.56 million kg in the whole year.This year's shipments have brought in Tk 382.52 million. However, the country's tea ...
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