Leading local drugmaker Renata PLC has issued preference shares of up to Tk 325 crore to refinance its loans.

Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for fraud, sources said.

There is no denying that Bangladesh’s economy has grown at a fast and more or less constant rate since the early 90s. Similarly, our dependence on foreign loans and grants for development budget had also reduced after, among others, the introduction of VAT.

The government has formed a six-member committee to review the labour and business environment at the Beximco Industrial Park, an enclave of 24 industrial units owned by troubled conglomerate Beximco.

There has been a significant year-on-year rise in the number of containers handled at Chattogram port in the three months till October while there was a drop in the overall handling of cargo and ships.

Around 57 percent of surveyed small and medium enterprises (SMEs) cited the existing tax structure as the main obstacle to doing business in compliance with the law, according to a report by the SME Foundation.

With public projects disrupted following the political changeover on August 5 and the interim government exercising caution in spending, the implementation rate of the annual development programme (ADP) fell to at least 14-year low in the July-October period of this fiscal year.

Targeted cash transfers to poor households could reduce Bangladesh’s poverty rate by 6.13 percentage points, according to the Centre for Policy Dialogue (CPD), as the think-tank argued that current social safety net programmes are plagued by inefficiencies such as errors in beneficiary selection.

Three production units owned by Meghna Group of Industries (MGI) have been sitting idle inside the Cumilla Economic Zone despite two years having passed since construction works were completed due to a lack of gas and power connections

The anti-money laundering agency also sought details of accounts belonging to Monjurul Ahsan Bulbul, editor-in-chief of TV Today, Abdul Gaffar Khan, chief in editor of Dainik Amar Somoy, and Chowdhury Jafarullah Sharafat, acting editor of Dainik Bangla.

They sought removal of Nurun Nahar and Habibur Rahman

Saima Wazed Putul, daughter of former prime minister Sheikh Hasina, is the founder of the foundation

The commission is alleging they were engaged in hundreds of millions of dollars in bribes to help an Adani company while "falsely touting the company’s compliance with antibribery principles and laws in connection with a $750 million bond offering".

Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel

The shares are issued to refinance existing loans 

The prime index fell 0.86% as of 11:18 am today

The World Bank focuses on creating quality jobs for the millions of youth population entering the job market every year, its Country Director for Bangladesh and Bhutan Abdoulaye Seck said yesterday.."We are ever more determined to give it all for Bangladesh,” he said at an exhibition, titl

Banking rules and regulations stipulate a single borrower exposure limit but the banking regulator itself disregarded the rule routinely in the last 16 years.

Asia forms the backbone of the world economy, powering vital supply chains from electronics hubs in Taiwan and South Korea to garment factories in Bangladesh.

With temperatures around Bangladesh dropping ahead of winter, hotels, restaurants and tourist attractions around Cox’s Bazar are being crowded by visitors.