Business-Economy

MFS transaction limit refixed: Daily maximum cash in Tk50,000, cash out Tk30,000

Staff Correspondent: Bangladesh Bank has re-fixed the transaction limit for mobile financial service (MFS) providers such as bKash, Rocket and Nagad, allowing users to cash in, cash out, and transfer

Remittances extend monthly record to $2.95 bn in just 26 days of March

Staff Correspondent: Bangladesh received its highest ever $2.95 billion in inward remittances in 26 days of March. Bankers and sector insiders predict that for the first time, Bangladesh will reach

Over Tk 2.78 cr collected as toll from Jamuna Bridge in 24 hrs

BSS: A total of Taka 2,78,99,900 were collected as toll from the Jamuna bridge in the last 24 hours. “A total of 33,766 different type of vehicles crossed the Jamuna

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