Business Desk :Nagad, the mobile financial service of the Bangladesh Postal Department, has brought a cashback offer of up to Tk400 on Mastercard credit card bill payments. To get this offer, the consumers must save their Bangladesh Bank-approved Mastercard credit cards in the Nagad app, reads a press release. The Nagad app has the facility to pay bills by adding Bangladesh Bank-approved debit or credit cards and this time, Nagad brings exciting news for the credit card users. A credit...
Business Desk :The finance ministry has refixed the application fee for government jobs. The job application fee would be Tk 600 for the job-seekers trying to join the positions in the ninth grade or above, said the ministry in a notification on Thursday.The fee will be Tk 500 for the posts in the 10th grade, Tk 300 for the 11th to 12 grades, Tk 200 for the 13th to 16th grades, and Tk 100 for the 17th to 20th grades.The...
Business Desk :The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday said businesses require longer than 11 days found by the National Board of Revenue (NBR) in a recent study to release goods from the Chattogram port.“Actually, it takes long to get goods from the port as the NBR still physically examines the related documents against shipments, which is a time-consuming practice that has been dropped in most countries,” said MCCI President Md Saiful Islam.Islam, who was speaking at a...
Business Desk :Bangladesh will request the United States to restore its generalized system of preferences (GSP) for widening the market access of its products to the single largest export destination.Sources said the country would call for the trade facilities at the upcoming meeting of the Bangladesh-US Trade & Investment Cooperation Forum Agreement (Ticfa), expected to be held on December 6 or 7 in Washington.It will also urge the USA to extend the existing trade benefits Bangladesh now enjoys as the...
Business Desk :The World Bank, in a recent study, has found that without massive reforms, Bangladesh’s gross domestic product (GDP) could fall below 4 per cent by 2035.It has also found three obstacles to Bangladesh’s economic reform, which are – declining trade competitiveness, a weak and vulnerable financial sector, and unbalanced and inadequate urbanisation.If these three obstacles can be addressed, the development will get a boost and growth will be more sustainable, the study highlighted.According to the World Bank report,...
Business Desk :Sonali Life Insurance Company Limited (SLICL) has achieved the ‘South Asian Business Excellence’ (SABE) Award in four categories...
Business Desk :Country’s Leading private airlines US-Bangla Airlines received “Best Domestic Airline of the Year-2022” award for its consistent quality service in air transport sector.Besides, US-Bangla Airlines also received Silver Award in ‘Best Regional Airline’ and ‘Best On-time Flight Departure’ category and Bronze Award in ‘Best Economic Class Food’ category, said a press release.The Bangladesh Monitor, one of the travel related fortnights of Bangladesh, awarded US-Bangla for maintaining stability in-flight service, number of passengers on domestic routes, on-time departures, number...
Business Desk :With the launch of Bangladesh Bank’s new platform for foreign exchange transactions- the real-time gross settlement (RTGS) system, not only does it help reduce cost and time but also enables businessmen’s credit is no longer be stuck in banks. Banks now clear and settle five currencies which are the dollar, pound sterling, euro, Canadian dollar and the Japanese yen through this platform which takes a few seconds by charging a minimum amount. Bangladesh deals with $300 million worth...
Business Desk :The Metropolitan Chamber of Commerce and Industry (MCCI) on Saturday urged the government to extend the tenure of trade and other licences to at least five years from the existing one year in a bid to reduce the cost of doing business and eliminate hassles. “It will ease the process of doing business,” said MCCI President Md Saiful Islam at a briefing at his office in Dhaka.The entrepreneur said businesses get trade licences quite easily from city corporations...
Economic Reporter :Bangladesh needs more Chinese market-oriented investments to boost its exports to Xi Jinping’s nation, said speakers.Bilateral financial and currency cooperation is strongly recommended to help facilitate trade and economic cooperation between the two countries, they said.Speakers at a business networking event said Bangladesh needs more Chinese market-oriented investment in Bangladesh to boost the country’s exports in Chinese markets. They also said bilateral financial and currency cooperation is strongly recommended to help facilitate trade and economic cooperation. They came...