Farm, rural loans drop significantly

Farm and rural loan disbursements by banks fell by more than one-fifth in the first four months of fiscal year (FY) 2024-25, owing to a dip in the flow of credit mainly from foreign and private banks..Banks lent Tk 9,391 crore in the July-October period of this fiscal year, according to da
26 January 2025, 13:36 PM
26 January 2025, 11:43 AM

Renata’s sales grow 12%, but profit plunges 35%

Higher wages and currency depreciation caused the profit to fall
25 January 2025, 11:45 AM

Defaulted loans: Not possible to reopen Beximco’s 16 RMG factories

Considering the sheer volume of Beximco’s debt, the government does not think it’s feasible to reopen the textile and garment factories that were taken out of production by the group, Labour Adviser Brig Gen (retd) M Sakhawat Hussain said yesterday.
23 January 2025, 18:00 PM

Refiners shelve plan to hike edible oil prices

Edible oil refiners have withdrawn a decision to increase prices of soybean and palm oil before Ramadan. .On January 21, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association wrote a letter to the commerce secretary, informing that they would not be increasing the
23 January 2025, 15:26 PM

Bangladesh to raise Tk 3,000 crore in Sukuk for rural bridge project

Bangladesh Bank will float it in March this year
23 January 2025, 13:43 PM

Brokers request CSE not to open earlier than DSE

Stockbrokers yesterday requested the Chittagong Stock Exchange (CSE) to refrain from opening half an hour ahead of the Dhaka Stock Exchange (DSE) for trading, reasoning that it may lead to massive fluctuations once the two synced..The number of stocks traded at the CSE is just 5 percent of
22 January 2025, 18:26 PM

Veon eyes space-based connectivity for Bangladesh in partnership with Starlink

Veon CEO Kaan Terzioglu revealed the plan during an interview with Bloomberg at the World Economic Forum in Davos.
22 January 2025, 14:56 PM

Bangladesh Cold Storage Association re-elects president

Mostofa Azad Chowdhury Babu is the managing director of Chashi Cold Storage Limited
22 January 2025, 14:11 PM

Govt preparing SME Policy 2025: SME Foundation chairperson

The five-year SME Policy is scheduled to come into effect in July this year and end in June 2030
22 January 2025, 13:34 PM

Thousands of workers demand reopening of 16 Beximco factories

Thousands of workers held a mass rally yesterday in Gazipur, demanding the reopening of all 16 factories which were shut down within the Beximco Industrial Park.
21 January 2025, 18:00 PM

Potato imports facilitated despite massive price fall

The National Board of Revenue (NBR) has allowed the use of nine more customs stations for the import of potatoes, specifically from Nepal and Bhutan, aiming to diversify supply sources and reduce dependency on India..The nine stations include Rohonpur in Chapainawabganj, Sonahat in Kurigra
21 January 2025, 18:00 PM

NRPCL thermal power plant begins trial production in Patuakhali

The first unit of the power plant began generating power around 12:30am yesterday
20 January 2025, 12:11 PM

Stocks rebound after five-day decline

The indexes of the stock market in Bangladesh rebounded yesterday, snapping a five-day losing streak..The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), edged up by 11.15 points, or 0.22 percent, from the previous day to close at 5,145..Similarly, the DSES, the index th
19 January 2025, 18:03 PM

Drugmakers hiring cross-discipline grads amid biomedicine expansion

Bangladesh’s pharmaceutical industry is undergoing a significant transformation, driven by young talent and innovation, according to pharmaceutical professionals. .The industry is shifting from chemical-based medicines to biomedicines, offering fresh graduates unique opportunities to shap
19 January 2025, 14:36 PM

No action taken based on white paper

The interim government has not taken any of the measures recommended by the white paper on the state of the Bangladesh economy even after a month and a half of the report’s submission, said economists yesterday.
18 January 2025, 18:00 PM

Goals set to bring good companies to market: DSE chairman

The DSE is trying to ensure tax benefits for investors and stop insider trading, he says at CMJF Talk
18 January 2025, 14:22 PM

Plot allocation in Patuakhali EPZ will begin in early 2026

Secretary to the Chief Adviser’s Office says after visiting the EPZ
18 January 2025, 11:54 AM

Inflation biggest concern for Bangladesh in 2025: WEF

The World Economic Forum (WEF) releases Global Risks Report 2025
16 January 2025, 13:13 PM

DCCI wants lower interest rates for private-sector credit growth

The leading chamber also demanded a loan classification deadline extension by 3 to 6 months
16 January 2025, 12:27 PM