No amnesty for black money stashed abroad from FY24
The unquestioned amnesty to bring back money stashed abroad is not going to continue in 2023-24 fiscal year, which begins in July.
1d ago
FY23: A year of price shocks
Just a year ago, Aminur Rahman, a private sector employee living in Dhaka, could buy a moderate amount of essential goods, including rice, soybean oil, onions, salt and eggs, at Tk 553 from stores in Dhaka city
2d ago
The power of real estate
Bangladesh is an emerging economy that will soon step into the trillion-dollar segment with real estate set to play an integral role in this transformation, according to industry people.
3d ago
Eid tourism undaunted by higher costs, heatwave
Travellers were undeterred by the ongoing heatwave or higher accommodation and transport costs as tourist destinations across Bangladesh were bustling with activity during the recent holiday centring Eid-ul-Fitr.
Retailers’ Eid sales fall short of expectations
Businesses across the country had mixed bag of reactions when asked about their sales prior to the just-concluded Eid-ul-Fitr on April 22, with many blaming an inflation-induced rise in the cost of living and a heatwave taking a toll on shoppers.
North to see its largest private hospital
A 1,000-bed private hospital will be set up in the northern district of Panchagarh at an estimated cost of Tk 2,500 crore from “local and foreign investors” who seek to meet healthcare needs of locals and neighbouring countries’ citizens.
Consumers bracing for further belt-tightening
Prices of groceries which witness peak demand during Ramadan, the holy month of fasting for Muslims, have swelled significantly year-on-year owing to hikes in import and transportation costs alongside the value of dollar.
Grasshopper Group brings fire-resistant glass to market
Grasshopper Group of Companies (GGC), a diversified business group in Bangladesh, has brought fire-resistant glass to the local market.
In search of cheaper homes
When SM Laizur Rahman got a notice from his landlord saying that his flat’s monthly rent would go up by Tk 3,000 starting next January, he could not believe it.
Jersey sales surge as football fever grips fans
Jersey sales have surged in Bangladesh despite the cost-of-living crisis as fans are gearing up to watch the FIFA World Cup 2022 in style.
Raging inflation chokes FIXED-INCOME GROUP
Bangladesh Bank data show deposit growth in the banking sector fell to 9.35 per cent in June this year from 13.80 per cent in June last year.
World Cup jersey sales yet to gain momentum
Sales of football and cricket kits in markets across the country have started ahead of the biggest international competitions of the two sports which are set to mesmerise an ocean of fans and supporters all over the world.
South Asia, Bangladesh talent factory
Unilever is operating in the South Asian markets of Sri Lanka, Pakistan, Bangladesh, India, and Nepal. And each of the markets, including Bangladesh, has talents who are very attractive.
How to make housing in Dhaka affordable
Just 51 years after Bangladesh gained independence, the number of people living in Dhaka is considerably higher than other parts of the country as all types of facilities are available in the capital, from employment opportunities and medical services to good educational institutions.
Internet banking transactions double as users find ease
Transactions through internet banking in Bangladesh more than doubled in the last fiscal year as a huge number of people, especially the young generation, are using the platform to carry out financial activities.
BSCIC industrial estates: Slow implementation a thorn for investors
Businesses are taking advantage of the increased connectivity offered by Padma Bridge but potential investors of four industrial parks under the Bangladesh Small and Cottage Industries Corporation (BSCIC) are missing out as the projects are yet to be complete.
Daunting time for fixed-income people as inflation bites
Mohammad Shabuj Sheikh has cut back on food expenditure, Shibly Ahmed has eliminated all non-essential purchases for his children, and a junior banker has let go of her domestic help.
Diesel driving up prices of vegetables
The recent hike in diesel price increased truck fares by 22-25 percent, leading to rice, vegetables and some essentials to become dearer in the capital.
Blacksmiths pinning hopes on Eid-ul-Azha sales
Eid-ul-Azha is knocking at the doors as Muslims are all set to celebrate the holy festival on July 10.
Savar tannery estate: Another Eid-Ul-Azha comes, but CETP not fully ready
Bangladesh keeps losing out on tapping its vastly unutilised cattle rawhides as the central effluent treatment plant (CETP) at the Savar Tannery Industrial Estate is not fully ready yet.
Creating opportunities for women entrepreneurs
The entrepreneurs of local small-and-medium enterprises (SMEs), especially those who are women, are facing different problems and challenges in keeping their businesses alive in the post-Covid situation.
Tourism industry gets Tk 1,000 crore incentive
The government has declared an incentive package of Tk 1,000 crore for the tourism industry to help it revive from the brunt of the protracted Covid-induced pandemic and the current uncertainty.
Auto repair shops see customer influx
Automobile service providers are passing busy days as people are approaching them to repair their vehicles before travelling back homes or to other destinations to celebrate Eid-ul-Fitr with their loved ones.
Pahela Baishakh sales make a comeback
Sales centring Pahela Baishakh have picked up as people from all walks of life, buoyed by the improvement in the coronavirus situation, are set to welcome the Bangla New Year in colour and festivity today.
Soaring Prices Of Commodities: Lower-income people hung out to dry
For the last two months, 35-year old security guard Saiful Islam could not send any money to his parents living in a village in Rangpur, one of the poverty-stricken divisions in Bangladesh.
BSCIC yet to finalise location for industrial park in Jashore
Although five years have passed since the Bangladesh Small and Cottage Industries Corporation (BSCIC) made plans to establish an industrial park for automobile and light engineering industries in Jashore, the agency is yet to finalise the exact location for the project.
Alesha Mart sued for unfair discounts
The Bangladesh Competition Commission (BCC) yesterday filed a case against Alesha Mart, an e-commerce company, for creating uneven competition in the market by offering unfair discounts.
Investment, creating jobs: Young Bangladeshis turning to tourism business
Young people in Bangladesh are increasingly joining the country’s largely untapped tourism sector on completion of the tertiary-level education instead of running after government and private jobs.
Three white knights of economy
Agriculture, exports and remittances have been the key pillars of Bangladesh’s economy for much of its history.
Time to reset financial goals
People across the world are eagerly waiting to welcome 2022. And, this is the perfect time to assess your financial goals and evaluate what is working and what is not in order to have a better life in a turbulent time.
Multiplex theatres grow bigger as investment surges
Twinning plants have clambered up its entrance and covered most of the ground leading to it. Filthy water has made a puddle as well. Had the name had not been there, most of the people, unfamiliar with the place, would consider it as a desolate structure.
How to deal with friends and family loans
Millions of people borrow money from family and friends across the world for reasons ranging from meeting household expenditures to educational and health expenses.
SMEs still cry for a lifeline
The world of Jannat Sultana Reeta, a fashion boutique entrepreneur in Narayanganj, turned upside down in 2013 when her husband was diagnosed with liver cirrhosis. She had to step up to take the charge of the family as a breadwinner.
Protect your money from digital fraud
If you want to use a credit or debit card for online shopping and withdrawing money from automated teller machines, you
Banks and NBFIs, a doorway to home
Most people, especially those from the middle and lower-income brackets, usually choose to buy a ready apartment or flat rather than build their own home.
Higher prices hit pockets
The prices of daily essentials have kept going up in Dhaka and other parts of the country, hitting the pockets of consumers hard.
Realising the true potential of remittances
Engaging the country’s vast number of migrant workers and non-resident Bangladeshis (NRBs) in the national development process could open up a new area of economic development.
Sporting goods sales rebound
Sports accessories businesses in Bangladesh are making a comeback as people, particularly the younger generation, are returning to fields to play again following the easing of restrictions and sharp fall in coronavirus caseloads.
Deal wisely with rising cost of living
People in Bangladesh began breathing a sigh of relief in August when coronavirus cases receded as optimism grew that they would return to the pre-pandemic level sooner than expected and get their halcyon days back.
Select a nominee judiciously
Selecting a nominee is an important part while opening a bank account -- individual or joint -- as well as making investments in the form of savings schemes such as a fixed deposit receipt.
Ensure your child’s higher education
Every parent wants their children to grow up with proper education in a safe and stress-free environment.
Complaints against Facebook shops on the rise
Hossain Ahmed, a resident of Rajarbagh in Dhaka, ordered a couple of gowns worth Tk 3,340 on a Facebook-based online shop for his wife on October 13.
Forest dept bends rules
The Bangladesh Forest Department has given undue advantage to a particular company while purchasing four double-cabin pickups and related accessories worth about Tk 2.4 crore for a development project, said a government report.
Insurance a necessity for car owners
Motorised modes of transport, such as cars, buses and motorcycles, are a daily necessity for most residents in a busy metropolis like Dhaka.
Robi, Banglalink fined for flouting rules
Robi Axiata Ltd and Banglalink Digital Communications Ltd were fined Tk 10 lakh each for providing telecom value-added service (TVAS) to customers through unauthorised firms and attempting to dodge revenue.
Govt targets 5.6pc annual productivity growth
The government has targeted an annual average productivity growth rate of 5.6 per cent for the next 10 years as it is set to begin implementing the Bangladesh National Productivity Master Plan from January next year.
Safeguard your child’s future
Every parent yearns for a stress-free, comfortable and bright future for their beloved children. And most parents work tirelessly so that the sons and daughters don’t face any financial difficulty in life.
Plan ahead for your children’s marriage
There are a few moments in a person’s life when one has to dig deeper into their pocket. The wedding of your children is one of them.
June 1, 2023
No amnesty for black money stashed abroad from FY24
The unquestioned amnesty to bring back money stashed abroad is not going to continue in 2023-24 fiscal year, which begins in July.
May 31, 2023
FY23: A year of price shocks
Just a year ago, Aminur Rahman, a private sector employee living in Dhaka, could buy a moderate amount of essential goods, including rice, soybean oil, onions, salt and eggs, at Tk 553 from stores in Dhaka city
May 31, 2023
The power of real estate
Bangladesh is an emerging economy that will soon step into the trillion-dollar segment with real estate set to play an integral role in this transformation, according to industry people.
April 30, 2023
Eid tourism undaunted by higher costs, heatwave
Travellers were undeterred by the ongoing heatwave or higher accommodation and transport costs as tourist destinations across Bangladesh were bustling with activity during the recent holiday centring Eid-ul-Fitr.
April 28, 2023
Retailers’ Eid sales fall short of expectations
Businesses across the country had mixed bag of reactions when asked about their sales prior to the just-concluded Eid-ul-Fitr on April 22, with many blaming an inflation-induced rise in the cost of living and a heatwave taking a toll on shoppers.
April 9, 2023
North to see its largest private hospital
A 1,000-bed private hospital will be set up in the northern district of Panchagarh at an estimated cost of Tk 2,500 crore from “local and foreign investors” who seek to meet healthcare needs of locals and neighbouring countries’ citizens.
March 22, 2023
Consumers bracing for further belt-tightening
Prices of groceries which witness peak demand during Ramadan, the holy month of fasting for Muslims, have swelled significantly year-on-year owing to hikes in import and transportation costs alongside the value of dollar.
January 29, 2023
Grasshopper Group brings fire-resistant glass to market
Grasshopper Group of Companies (GGC), a diversified business group in Bangladesh, has brought fire-resistant glass to the local market.
November 22, 2022
In search of cheaper homes
When SM Laizur Rahman got a notice from his landlord saying that his flat’s monthly rent would go up by Tk 3,000 starting next January, he could not believe it.
November 21, 2022
Jersey sales surge as football fever grips fans
Jersey sales have surged in Bangladesh despite the cost-of-living crisis as fans are gearing up to watch the FIFA World Cup 2022 in style.
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