BB cuts Interest Rate for Export Development Fund The central bank yesterday cut interest rate on its export development fund (EDF) by 1 percentage point with a view to giving a boost to sluggish export earnings. As per a notice issued by the Bangladesh Bank, manufacturers who export will now
Read MoreTurnover crosses Tk 4.0 billion-mark on DSE The Dhaka bourse witnessed turnover above Tk 4.0 billion on Monday after ten sessions as investors’ participation increased in some sectors including the general insurance. On the day, the broad index experienced see-saw movement throughout the whole session as investors were active from
Read MoreBiman buying two more 787 Dreamliners for $585m Biman Bangladesh Airlines is set to buy two 787-9 Dreamliner jets at a cost of $585 million ($ 580.5 crore) at list prices. Biman and US aero plane maker Boeing announced the deal at the 2019 Dubai Airshow in the UAE city
Read MoreBD, WB Group to collaborate in Business Reforms Bangladesh and the World Bank Group have agreed to extend collaboration in a number of areas, including on doing business reforms, development of investment policies, enhancement of promotional activities and skills development to face the 4th industrial revolution. Both the sides also
Read MoreSubmarine Cable Company’s Profit jumps eightfold Bangladesh Submarine Cable Company Ltd’s [BSCCL] net profit climbed eight times last fiscal year, on the back of a boost in bandwidth usage through a second undersea cable. The state-run cable company’s net profit rose to Tk 58.58 crore in 2018-19 from Tk 7.33
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