National advisory council on statistics restructured

New 17-member panel will work to produce globally-accepted data
16 December 2024, 13:06 PM

Stocks rebound strongly after last week’s losing streak

Stocks in Bangladesh rebounded yesterday after lacklustre earnings disclosures from many listed companies for the first quarter of the fiscal year had seen the market trend down over the previous week. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 73.43 points, or 1
15 December 2024, 18:01 PM

$158.89 million AIIB loan availed for power infrastructure project

Power Grid Bangladesh PLC will implement the project
15 December 2024, 14:29 PM
15 December 2024, 13:56 PM

Maddhapara Granite Mining becomes dependent on loans for declining sales

The lone hard rock mining company under Petrobangla is now even selling its produce at Tk 500 lower than production cost
15 December 2024, 13:32 PM

Taskeen Ahmed, new president of Dhaka Chamber

The leading trade body also gets new senior vice president and vice president
15 December 2024, 10:38 AM

Maksons Spinning Mills posts Tk 40 crore loss in Q1

Rising raw material costs and financial charges caused the loss  
15 December 2024, 06:54 AM

Price of garments exported to the US fall

The prices of major garment items exported to the US declined year-on-year in the January­-October period this year as American consumers are yet to recover from heightened inflationary pressures..During the 10 months, the price of men’s cotton woven trousers declined by 7.7 percent, accor
14 December 2024, 18:03 PM

A depressing week for stock investors

The benchmark index of the Dhaka Stock Exchange dropped 91 points in a week
14 December 2024, 14:30 PM

BTTC for 25% duty on rice bran oil export

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government impose a 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply..The suggestion comes in response to soaring cooking oil prices in
12 December 2024, 18:19 PM

Inflation 7% by next June: BB governor

Bangladesh Bank Governor Ahsan H Mansur yesterday said the interim government has set a target to reduce inflation to 7 percent by the end of next June and further below 5 percent in the next fiscal year..“We have reviewed many countries, including the US, the UK, European Union or Thailan
12 December 2024, 16:19 PM

Dacca Dyeing’s FY24 losses surge 344% 

Gas line disconnection by Titas primary reason for the loss 
12 December 2024, 07:28 AM

Paramount Textile’s Q1 profit declines 20%

Paramount Textile has seen a drop in profit in the first quarter because of high finance costs and the closure of an associated company.
11 December 2024, 20:00 PM

Govt to buy 1.40cr litres of edible oil

The interim government will procure 1.40 crore litres of edible oil from S Alam Super Oil Ltd for sale among low-income people at subsidised rates through the Trading Corporation of Bangladesh (TCB)..The advisory council on public procurement endorsed the proposal at a meeting in Banglades
11 December 2024, 18:10 PM

Gold price raised again

Jewellers have again raised gold prices, saying it would be sold at Tk 140,271 per bhori (11.664 grammes) from today. .The previous price of each bhori of 22-carat gold ornaments stood at Tk 138,393..Bangladesh Jewellers’ Association’s (Bajus) standing committee on pricing and price
11 December 2024, 15:56 PM

Accounting and audit for economic development

Transparency and accountability mechanisms, pre-conditions for economic development, act as deterrents to corruption.
11 December 2024, 11:37 AM

DSE turnover rises 37%

Turnover at the Dhaka Stock Exchange (DSE) rose 37.46 percent to Tk 383 crore yesterday after hitting a four-month low the day prior..This week’s trading started on December 8, when there was a 12.47 percent fall in turnover..Yesterday, the textile sector dominated market activities,
10 December 2024, 18:06 PM

Govt detects anomalies in TCB card distribution

There was corruption in the distribution of family cards for subsidised commodity sales by the state-owned Trading Corporation of Bangladesh (TCB), according to Commerce Adviser Sk Bashir Uddin..The TCB provides 1 crore families with subsidised food items. Of the beneficiaries, some 57 lak
10 December 2024, 15:51 PM

Chinese firm Bangladesh Prothoma Power to invest $12.24 million inside Bepza EZ

The company will establish a battery plate manufacturing industry
10 December 2024, 14:41 PM

Bangladesh has 1.22cr economic enterprises

There are 1.22 crore economic enterprises across the country, according to the Bangladesh Bureau of Statistics (BBS)..Among them, 76 lakh are business establishments and 46 lakh are economic units, the national statistics agency found during the primary mapping ‍and listing work for the co
9 December 2024, 18:48 PM