Business Desk :The National Productivity Day will be observed today across the country to create mass awareness to raise productivity in all fields, including industrial, agricultural and service sectors. The theme of the day this year is “Productivity for Smart Bangladesh”. President Mohammed Shahabuddin and Prime Minister Sheikh Hasina gave separate messages on the eve of the day, urging to increase productivity for sustainable development and growth. President Mohammed Shahabuddin said implementation of advanced and modern technology-based policies and plans...
Business Desk :Bangladesh Bank has imposed a fine of Tk 1 lakh each on the treasury heads of 10 banks due to their alleged involvement in US dollar rate manipulation. The treasury heads of Social Islami Bank, Al-Arafah Islami, Mercantile, Modhumoti, Midland, Brac, Exim, Premier, Shahjalal Islami and Trust will face the fine. A senior official of the central bank seeking anonymity told The Daily Star that their explanation was not satisfactory about their involvement in the US dollar rate...
Business Desk :The interest rate on loans from banks in October has been set at 10.20 per cent as per Bangladesh Bank’s formula. The method, based on which the interest rate is now being determined, is known as “SMART” or “Six Months Moving Average Rate of Treasury Bills.” Bangladesh Bank informs of this rate at the beginning of every month. The new interest rate determining method was introduced on July 1, 2023. Earlier, from April 2020, the maximum interest rate...
Business Report :Both the bourses in Bangladesh, the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) yesterday plunged due...
Business Desk :The government is going to confer the Bangabandhu Sheikh Mujib Industrial Award-2022 to 12 companies on October 3 for their contribution to the economy. President Mohammed Shahabuddin is likely to hand over the crests and certificates to the awardees at Osmani Memorial Auditorium in Dhaka, according to a press release of the ministry. Industries Minister Nurul Majid Mahmud Humayun will preside over the event while Agriculture Minister Muhammad Abdur Razzaque, State Minister for Industries Kamal Ahmed Majumder and...
Business Report :Experts at a conference said that Bangladesh lacked financial resources and capacity for sustainable finance and green growth. They emphasized the necessity for government policy support and incentives to expedite green growth within the nation. Bangladesh Institute of Bank Management organized the conference titled “Sustainable Banking and Finance” at its auditorium in the capital on Saturday. AKM Sohel, joint secretary of the Economic Relations Division said there is a significant funding gap for climate change adaptation. He pointed...
Business Desk :World Bank country director for Bangladesh and Bhutan Abdoulaye Seck on Sunday made a courtesy call on Salman F Rahman, Prime Minister’s Private Industry and Investment Adviser at the latter’s office at Bangladesh Investment Development Authority (BIDA) in the capital’s Agargaon area. During the meeting, the World Bank country director lauded highly the economic development of the country over the years alongside giving assurance for mobilizing more support towards the development of Bangladesh, said a press release. Seck...
Business Desk :Bangladesh-Thai Chamber of Commerce and Industry (BTCCI) placed a number of proposals to the Industries Ministry, seeking government cooperation in relocating potential industries in Bangladesh from Thailand. BTCCI also sought the removal of tariff barriers to strengthen bilateral economic cooperation and promote lucrative sectors of Bangladesh to other nations. The proposals were made during a courtesy call of Shams Mahmud, president of BTCCI, with the Minister for Industries, Nurul Majid Mahmud Humayun, at Shilpa Bhaban in Dhaka on...
