Gold set for brightest year since 2010

Gold prices were set to end a record-breaking year on a positive note on Tuesday as robust central bank buying, geopolitical uncertainties and monetary policy easing fuelled the safe-haven metal’s strongest annual performance since 2010.
31 December 2024, 18:00 PM

Thai tourism rebounds strongly, exceeds arrival goals

The Tourism Authority of Thailand (TAT) announces that international tourist arrivals have surpassed the target of 35 million visitors in 2024, generating over 1.8 trillion Baht in tourism revenue.
31 December 2024, 18:00 PM

Challenges and priorities for 2025

Macroeconomic management will remain a formidable challenge for Bangladesh in the coming year.
31 December 2024, 18:00 PM

USDA forecasts drop in rice harvest for floods

Rice production in Bangladesh may fall in the current marketing year of 2024-25, which began last May, for a reduction in the acreage of Aman season paddy due to repeated floods.
31 December 2024, 18:00 PM

Revenue collection falls in Nov though business climate improves

Bangladesh’s revenue collection fell in November this year even though the country saw improvement in its business climate that month thanks to the alleviation of political uncertainties stemming from the nationwide mass uprising in July-August.
31 December 2024, 18:00 PM

Liberalising the foreign exchange regime

Since our independence, 53 years have gone by and the country has already become a quasi-dominant player in the global supply chain. Y
30 December 2024, 18:00 PM

BTRC approves terms for auditing Teletalk

The Bangladesh Telecommunication Regulatory Commission (BTRC) has finalised key steps for auditing Teletalk, including setting goals, outlining the scope and detailing tasks for the process.
30 December 2024, 18:00 PM

Robi gets acting CEO

Robi Axiata has appointed an acting CEO as Rajeev Sethi was assigned to a new role within Axiata Group, according to a letter sent to the Bangladesh Securities and Exchange Commission.
30 December 2024, 18:00 PM

Economic woes far from over

Just a year ago, this newspaper ran a story leaving a question for our readers as to whether Bangladesh would be able to put its economy back on track in 2024.
30 December 2024, 18:00 PM

Stock market lost steam in 2024

The year 2024 witnessed a lacklustre performance of the stock market as the benchmark index faced erosion, average daily turnover showcased no significant rise while no notable company entered the market.
30 December 2024, 18:00 PM

BB plans to raise exchange rate amid forex volatility

After seven months of implementing a crawling peg exchange rate system in spot purchases and sales of US dollars, the Bangladesh Bank (BB) is now considering increasing the mid-rate to Tk 119 from Tk 117 per greenback, according to central bank officials.
30 December 2024, 18:00 PM

Mobil Jamuna to expand with oil tanker, land purchase

Mobil Jamuna Lubricants Bangladesh PLC is planning to buy an oil tanker and acquire land to expand its operations.
30 December 2024, 18:00 PM

RBI should loosen its hold on rupee in 2025: economists

India’s central bank will need to rethink its foreign exchange strategy and loosen its hold on the rupee in 2025, economists said, with the currency at its strongest against peers in at least two decades in trade-weighted terms.
30 December 2024, 18:00 PM

Summit Power gets time to submit financial statement

The Bangladesh Securities and Exchange Commission (BSEC) has granted Summit Power time to submit its financial statement, according to a disclosure published on the Dhaka Stock Exchange website yesterday.
29 December 2024, 18:00 PM

Decoding the economic impact of BDT/USD movements

In 2024, we have seen the highest devaluation of the Bangladeshi taka (BDT) against the United States dollar (USD).
29 December 2024, 18:00 PM

Global commodity prices may drop in 2025. Can Bangladesh benefit from it?

Global commodity prices are projected to decrease in 2025, but Bangladesh may fail to reap the benefits if the depreciation of the local currency continues.
29 December 2024, 18:00 PM

Financial services sector yet to reach full potential

The financial services sector of Bangladesh is yet to reach its full potential despite the significant advancements seen so far, according to Ahsan H Mansur, governor of the Bangladesh Bank.
29 December 2024, 18:00 PM

Can apparel industry weather any storm? 2024 offers clues

For the local apparel industry, 2024 was a year marked by challenges, recoveries and a renewed sense of hope as the global market began to brighten -- proving once again the resilience of Bangladesh’s apparel might.
29 December 2024, 18:00 PM

Sergel nearing Tk 1,000cr annual sales

Sergel is heading towards generating Tk 1,000 crore in annual sales as over Tk 900 crore worth of the gastrological medicine was sold in the first nine months of this year, according to information technology company IMS Health.
29 December 2024, 18:00 PM

Foreign fund flow, new pledges dwindle as debt servicing surges

Bangladesh’s foreign debt servicing surged 28 percent year-on-year in the first five months of fiscal year 2024-25 owing to the country’s expanded foreign loan portfolio and a rise in global interest rates.
29 December 2024, 18:00 PM