Business-Economy

BB allows startup companies to invest abroad

Staff Correspondent: Bangladesh Bank has allowed Bangladeshi startup businesses to invest up to US$ $10,000 or equivalent foreign currency to form a single company abroad. According to a circular issued

Ship carrying 9,500 tonnes of parboiled rice from India arrives at Ctg port

Staff Correspondent: A ship carrying 9,500 tonnes of parboiled rice from India has arrived at Chattogram Port under an international open tender agreement signed on 15 January this year. Under

RMG exporters struggle as rise in ‘open costing’ by buyers cuts profits

Staff Correspondent: Bangladesh’s RMG exporters are seeing profits shrink as buyers increasingly control pricing through open costing, which has grown from 10% to 60% of total exports over the last

Adani fully restores power supply to Bangladesh as payments resume

Staff Correspondent: Adani Power Ltd has resumed full electricity supply to Bangladesh, four months after halving the feed over unpaid dues. “We’re making regular payments to Adani and receiving power

Eid salami to cost more this year as Cenbank withholds new notes

Staff Correspondent: Eid Salami, the cherished cash gift from loved ones, is one of the many joys Eid brings into our lives. However, this year, the cost of Salami has

Passengers being overcharged Tk832.30 crore on public transport during this Eid

Staff Correspondent: A staggering Tk832.30 crore is being overcharged as “Eid tips” or extra fares this Eid-ul-fitr, according to a report by the Bangladesh Passenger Welfare Association. Approximately 22.74 crore