STS Group’s MD to buy 1.35cr Dhaka Bank shares Khondoker Monir Uddin, managing director of STS Group, declared to buy 1.35 crore shares of Dhaka Bank at the prevailing market price in the block market through the Dhaka Stock Exchange (DSE). According to the DSE source, he has already bought
Read MoreGovt to take initiatives to boost tea exports Tea production in Bangladesh was 60 million kg in 2009, which increased to 97.51 million kg in 2021, but the product is not exported much, so the government has decided to take steps to increase its export, said Commerce Minister Tipu Munshi.
Read MoreMay remittances fall 13% Money sent home by expatriate Bangladeshis fell by around 13% to $1.88 billion in May this year compared to the corresponding month last year, the central bank said on Wednesday. The country had received $2.01 billion from the expatriates in April this year, according to the
Read MoreTax-free forex earning for flag vessels on cards The government has decided to give tax exemption on foreign currency income by Bangladeshi flagged oceangoing ships from the upcoming fiscal year in a bid to earn $3 billion to $4 billion a year, according to finance ministry officials. Currently, these local
Read MoreBanks asked to encash export bills promptly Banks are asked to encash the value-added portion of export proceeds within the next working day to help improve supply of foreign exchange to the money market. The central bank also directs all the authorized dealer (AD) bankers to encash the value-added portion
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