BB discovers irregularities at Al-Arafah Islami Bank

The Bangladesh Bank (BB) has uncovered serious irregularities at Al-Arafah Islami Bank, including misuse of its corporate social responsibility (CSR) funds.
11 February 2025, 18:00 PM

Economic growth lowest in 4 years

Bangladesh’s economy grew by 4.22 percent in fiscal 2023-24 fiscal year, the lowest in four years, marking the second consecutive year of deceleration due to weak consumption and exports.
9 February 2025, 18:16 PM

United Power’s profit up 5% in Q2

United Power Generation & Distribution Company (UPGDCL) saw its profit grow in the second quarter of the fiscal year 2024-25, driven by higher electricity tariffs and steady production.
8 February 2025, 18:00 PM

Why so many problems with FDI?

Bangladesh has mostly failed to achieve its targeted level of foreign direct investments (FDIs), with investment inflow amounting to only 0.75 percent of GDP in 2023, according to UNCTAD.
8 February 2025, 18:00 PM

Local AC industry seeks ‘fair’ govt procurement policy

Local air conditioner (AC) manufacturers in Bangladesh are pushing for “fair” government procurement policies, arguing that existing rules favour foreign brands despite local companies meeting global standards.
8 February 2025, 18:00 PM

Rice bran oil export may face 25% regulatory duty

The National Board of Revenue (NBR) is set to impose a fresh 25 percent regulatory duty on the export of crude and refined rice bran oil to discourage shipments and increase domestic supply.
8 February 2025, 18:00 PM

ADB projects slower growth amid political uncertainty

The Asian Development Bank (ADB) has projected Bangladesh’s GDP growth rate to slow to 4.3 percent in fiscal year (FY) 2025, reflecting a subdued outlook amid political uncertainty, supply disruptions and tight monetary policy.
8 February 2025, 18:00 PM

In fragile trust, economy falters

Over the last several years, Ahsan, a rickshaw puller in his 50s, has been eagerly waiting for relief from the high prices of food and other essentials. Days and months have passed, but his pursuit of a better living by escaping the curse of elevated inflation has remained a distant dream. 
8 February 2025, 18:00 PM

Yunus calls for youth-led change through social business

Social businesses are designed to address societal needs rather than generate personal profit, Chief Adviser Professor Muhammad Yunus said yesterday.
1 February 2025, 18:00 PM

Safety net schemes fall short in the fight against poverty

Social safety net programmes, such as Open Market Sales (OMS) and Vulnerable Group Feeding (VGF), provided less help to the actual poor, despite the government boasting about the impact of those schemes on reducing moderate and extreme poverty, according to a taskforce report.
1 February 2025, 18:00 PM

Forensic audits: A pathway to transparency

As we have been talking about enhanced transparency and accountability recently, it’s important to have forensic audits, including specialised examinations of financial records which can uncover fraud, corruption or mismanagement.
1 February 2025, 18:00 PM

Feature phones dominate local handset production

Even in current smartphone age, feature phones continue to dominate local handset manufacturing as smartphone penetration struggles to gain momentum due mainly to affordability, availability and an illegal inflow of modern handsets in the country.
1 February 2025, 18:00 PM

Islamic banks see fluctuations in deposits

Deposits in Islamic banks in Bangladesh have shown fluctuations in recent months, according to the latest data from the Bangladesh Bank.
1 February 2025, 18:00 PM

Square Pharma’s profit rises 26% in 2nd quarter

A rise in both income from investments and profits from associated companies helped Square Pharmaceuticals post a 26 percent year-on-year rise in net profit in the October-December period of fiscal year 2024-25. 
1 February 2025, 18:00 PM

NBR panel suggests e-invoicing for VAT

A panel of the NBR has suggested the introduction of an e-invoicing system to collect value-added tax (VAT) to establish transparency in the collection of the indirect tax, the biggest source of revenue for the state.
1 February 2025, 18:00 PM

Premier Cement’s profit drops 89% in Q2

Premier Cement Mills PLC reported a profit of Tk 2.42 crore in the second quarter of the fiscal year 2024-25, marking an 89 percent year-on-year decline.
30 January 2025, 18:00 PM

Rise of DeepSeek: Why is it a headache for tech stocks?

DeepSeek, a Chinese AI startup, is making waves, and not just in the AI space -- it’s shaking up the US stock market too.
30 January 2025, 18:00 PM

Envoy Textiles, Matin Spinning beat the odds to secure profit growth

Envoy Textiles Limited and Matin Spinning Mills PLC, which are among the largest textile companies in Bangladesh, saw their profits surge in the first half of fiscal year (FY) 2024-25 as both logged higher sales.
30 January 2025, 18:00 PM

Tax return filing deadline extended to February 16

The National Board of Revenue (NBR) has extended the deadline for individual taxpayers to file income tax returns by two weeks.
30 January 2025, 18:00 PM

MJL eyes 75% stakes in Omera

MJL Bangladesh PLC yesterday announced that it plans to increase its stake in Omera Petroleum Ltd (OPL), one of the major liquefied petroleum gas (LPG) sellers in Bangladesh, by purchasing shares worth Tk 60.49 crore.
30 January 2025, 18:00 PM