Corporate

Staff Correspondent: The central bank is giving an opportunity to the expatriates to send remittances through Mobile Financial Services (MFS) directly.As a result, the expatriate can send the remittances to their home using mobile banking facilities like Upay, Bkash, and Rocket.The Foreign Exchange and Policy Department of Bangladesh Bank issued…

Golam Mostafa Jibon: The price of fuel oil has fallen below 80 dollars per barrel in the global market, but there is no effect of the price down in the country as the government has not yet been taken any step to reduce the price.According to the sources, there has…

Cabinet Division clears proposal Staff Correspondent: The Cabinet Division has finalised the proposal to form two new divisions named after two major rivers in the country – Padma and Meghna.The proposed Padma division will comprise five districts of Faridpur and Meghna division will have six districts -three each from Cumilla…

Two new RMG factories under BGMEA now green certified Industry Desk: Two new readymade garment (RMG) factories, operating under Bangladesh Garments Manufacturers and Exporters’ Association (BGMEA), have received LEED certification (certificate for green factories) from United States Green Building Council (USGBC).The green certified factories are Barnali Collections Limited from Narayanganj,…

Staff Correspondent: Inflation in the country is the highest during last few years. Income has decreased butincreased expenses manifold. The prices of many daily commodities are beyond the reach of the lower class. The prices of various necessary are also skyrocketing. Among them, the fear of famine and global recession…

Staff Correspondent: Bangladesh has set a target to increase five times the cotton production by 2030, introducing new varieties and expanding cultivation areas, since the country appeared as the second largest consumer of the industrial crop.“Cotton could be a major cash crop as we need to spend US$3billion every year…

Somewhere strict, somewhere flexible Special Correspondent: Despite being involved in irregularities in the stock market, no punishment was given in any case. Some have received heavy punishments even though they were not directly involved in the irregularities. As a result, there have been complaints that the regulatory body Bangladesh Securities…

Staff Correspondent: The government has projected to improve the ratio of revenue to GDP to 10.6 percent in the mid-term (by 2024-25 fiscal), even though the revenue sectors are suffering a lot due to the COVID-19 pandemic and Russia-Ukraine War.The ratio of revenue to GDP expresses total government revenue as…

Industry Desk: The government has projected to upgrade total investment in the country to 33.6 percent of the total GDP on the mid-term basis (in 2024-25 fiscal year) aiming to overturn the economic shock from the COVID-19 pandemic and the Russia-Ukraine war.In this investment, the private sector will contribute 26.65…