Economy

Economy

Wood plastic composites gaining popularity

Wood plastic composites in the form of kitchen cabinets, bathroom and balcony doors are slowly gaining popularity in Bangladesh for being an alternative to wood, according to industry insiders and realtors.

2h ago

Padma Islami served show cause notice over Tk 211cr unsettled claims

The Insurance Development and Regulatory Authority (IDRA) has given Padma Islami Life Insurance five working days to explain why they should not be penalised for failing to settle claims amounting to Tk 211.82 crore last year.

4h ago

US trade bodies oppose tariff hike idea for garments from Bangladesh

Bangladeshi apparel exporters are facing one of the highest tariffs at 15.62 percent in the US, which imported more than $116 billion worth of garment items last year. Bangladesh's share stands at 9.3 percent.

5h ago

Drones to help assess crop losses

Around 20 officers of the Department of Agricultural Extension (DAE) are initially receiving training to learn how to use the state-of-the-art technologies, it added.

5h ago

Social safety net to get wider and better

A top official of the ministry said the government would increase the number of beneficiaries in two major schemes – the old age allowance and the allowance for widows, deserted, or destitute women.

5h ago

Stocks decline for 3rd day straight

Although companies listed with the Dhaka Stock Exchange (DSE) regained some strength in the early hours of trading yesterday, they eventually ended in a decline that extended their losing streak for the third day consecutively.

11h ago

Bank Asia to take over Bank Alfalah’s Bangladesh unit

Bank Asia is likely to acquire the Bangladesh operations of Karachi-based Bank Alfalah, according to information disclosed to the Pakistan Stock Exchange yesterday.

11h ago

US trade body reiterates support for GSP revival

The American Apparel & Footwear Association (AAFA) has expressed support for revival of the Generalised System of Preferences (GSP) to reduce costs faced by US citizens.

11h ago

ADN Telecom plans to make telecom devices

ADN Telecom, a leading IT and telecommunication service provider in Bangladesh, has availed land to set up facilities and locally manufacture telecommunication devices to substitute imports, according to company officials.

11h ago

MJL to double stakes in Prime Bank

MJL Bangladesh, one of the nation’s leading lubricants companies, is going to buy 2.20 crore shares of Prime Bank in order to increase its stake in the lender.

13h ago

Bangladesh to introduce drone technology to assess crop losses

20 DAE officers will get training on how to use the tech

15h ago

Another garment factory receives LEED green certification

Bangladesh now has 215 LEED-certified factories

15h ago

Bank Asia plans to acquire Bank Alfalah’s Bangladesh unit

Bank Asia is going to hold a meeting of its board of directors next Sunday and is likely to disclose the mater in detail, a senior official of Bank Asia said.

17h ago

Dutch-Bangla joint venture firm to establish bag factory in Cumilla EPZ

BSK Bangladesh will invest $6.14 million

17h ago

Import of another 124,000 tonnes of rice given go-ahead

Some 91,000 tonnes will be parboiled rice and 33,000 tonnes sunned rice

18h ago

Stocks rebound after two-day losses 

Dhaka stocks regained strength in the early trade today paring down the losses incurred in the first two days of trading after nearly a week of holidays.

23h ago

Edible oil refiners seek to hike price by Tk 10 per litre

If this comes into effect, a one-litre bottle of soybean oil will cost Tk 173, a five-litre bottle Tk 845 whereas unpackaged palm oil Tk 132 a litre.

1d ago

BASIC Bank officials ‘terrified’ by impending merger

As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.

1d ago
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