BB committee to suggest remedy for distressed borrowers

The Bangladesh Bank has formed a five-member committee to provide necessary policy support for restructuring corporate borrowers that have defaulted on loans due to factors beyond their control.
30 January 2025, 18:00 PM

Top US businessman wants to invest in Bangladesh

Top US businessman Gentry Beach expressed his interest to invest in Bangladesh during a meeting with Chief Adviser Professor Muhammad Yunus yesterday in Dhaka.
30 January 2025, 18:00 PM

Yarn imports rise, India dominates supply

Bangladesh imported more yarn in 2024 than in the previous year, with the lion’s share of the key raw material for readymade garments (RMG) coming from India.
30 January 2025, 18:00 PM

Barishal tops poverty rankings, replacing Rangpur

Bangladesh’s poverty map has changed as Barishal now has the highest percentage of people living in poverty among all the eight divisions, according to the Bangladesh Bureau of Statistics (BBS).
30 January 2025, 18:00 PM

Accounts, assets of wilful defaulters must be seized: CPD

The Centre for Policy Dialogue (CPD) has called for closing the accounts of wilful defaulters and holding three former governors accountable for their roles in the beleaguered banking sector.
29 January 2025, 18:00 PM

Growth of economic units slows amid capital shortages

The growth in the number of economic units in Bangladesh has slowed over the past decade, primarily due to capital shortages among rural entrepreneurs, according to the latest Economic Census of the Bangladesh Bureau of Statistics.
29 January 2025, 18:00 PM

Titas Gas suffers Tk 523cr loss in Q2

Titas Gas Transmission and Distribution Company, the state-owned gas distributor, reported a significant loss in the second quarter of fiscal 2024-25, driven by a sharp increase in system losses.
29 January 2025, 18:00 PM

India’s economy faces slowing growth ahead of new fiscal year

Indian Prime Minister Narendra Modi may seek to arrest slowing economic growth in the world’s fifth-largest economy and prepare for an uncertain year of global trade when his government presents the federal budget on February 1.
29 January 2025, 18:00 PM

Saint Martin’s businesses seek shorter travel ban

All tourist vessels to Saint Martin’s island will cease operations from the start of February, with travel to the country’s only coral island prohibited from February to October as per government directives.
29 January 2025, 18:00 PM

Govt plans smart cards for farmers

The government is formulating a policy with the aim of distributing smart cards among farmers to ensure the delivery of subsidies and other government support, such as that for coping with natural disasters.
29 January 2025, 18:00 PM

Fuel price can be cut by Tk 15 a litre: CPD

The Centre for Policy Dialogue (CPD) yesterday said the government could reduce fuel prices by Tk 10 to Tk 15 per litre by using a market-based pricing model.
29 January 2025, 18:00 PM

Singer incurred Tk 49cr loss in 2024

Singer Bangladesh suffered losses in 2024 as increased financing costs dented its earnings.
28 January 2025, 18:00 PM

Govt to import one lakh tonnes of rice from Vietnam

Bangladesh is set to bolster its food reserves with the purchase of one lakh tonnes of white rice from Vietnam under a government-to-government agreement.
28 January 2025, 18:00 PM

Walton’s profit rises 12% in Q2 as it adjusts prices with higher costs

Walton Hi-Tech Industries PLC said its profit rose in the second quarter of the fiscal year 2024-25 as it adjusted sales prices to align with higher costs.
28 January 2025, 18:00 PM

Lower-tier govt employees may get dearness allowance

The interim government may consider a dearness allowance for lower-grade government staff to provide respite from the ongoing high inflation.
28 January 2025, 18:00 PM

Top UAE firms plan to invest in Bangladesh

Abu Dhabi Ports Group (ADPG) and Masdar, two major companies in the United Arab Emirates (UAE), yesterday put forward plans to invest in port development, management and logistics as well as the renewable energy sector in Bangladesh.
28 January 2025, 18:00 PM

Govt to sell rice in 424 upazilas thru special OMS

In preparation for the upcoming Ramadan, the government will begin selling rice at subsidised prices in 424 upazilas across the country starting in February, aiming to ensure that low-income families have affordable access to the staple grain at the local level.
28 January 2025, 18:00 PM

Bangladesh may lose 4.8% of working hours to heat stress by 2030: study

Bangladesh is projected to lose 4.8 percent of its working hours due to heat stress by 2030 if adequate and timely adaptation measures are not taken, according to a study.
28 January 2025, 18:00 PM

Marico secures handsome profit growth with higher sales

Marico Bangladesh secured handsome profit growth in the third quarter of its financial year 2024-25 by increasing its sales, even amidst the erosion of people’s purchasing power due to inflationary pressure.
28 January 2025, 18:00 PM

Farmers forced to pay more than subsidised rates for fertiliser

Farmers in different parts of the country are being compelled to buy fertiliser, a key ingredient for crop production, by paying more than government-fixed prices.
28 January 2025, 18:00 PM