Walton Hi-Tech Industries has inked a deal with Monik Trading Private Ltd, a Sri Lankan company, to develop joint brands and expand market reach.

Profit of the power producer plunged 72 percent to Tk 1.76 crore in the July-September quarter. 

Gold prices rebounded on Monday, having posted losses in the previous six sessions, with gains driven by a pause in the US dollar’s rally, while investors await comments from the Federal Reserve officials for clarity on the interest rate trajectory.

Stocks in Bangladesh have entered a downtrend as major market indicators yesterday fell for a second day consecutively, with skittish investors liquidating their holdings to profit amid ongoing price fluctuations.

A quietly growing belief in Silicon Valley could have immense implications: the breakthroughs from large AI models -– the ones expected to bring human-level artificial intelligence in the near future –- may be slowing down.

The Bangladesh Bank has instructed banks in the country to ensure that Tk 1, Tk 2 and Tk 5 coins are smoothly exchanged for paper money.

The group's inability to open new LCs has forced its factories to halt production

Islami Bank Bangladesh plans to sell the S Alam Group’s stake in the bank to realise dues of around Tk 10,000 crore from the controversial conglomerate.

The cracked and barren fields around the Chowfaldandi village in Cox's Bazar suggest that the season for salt cultivation has arrived. However, disheartened by low market prices of the daily essential, very few farmers are preparing their land for that purpose..According to farmers, prices

“The downgrade reflects heightened political risks and lower growth, which increases government liquidity risks, external vulnerabilities and banking sector risks, following the recent political and social unrest that led to a change in government,” said Moody’s.

He also said that legal action would be taken against the S Alam Group chairman and other officials for their alleged crimes in the banking sector

Of the shares, 182 advanced, 107 declined, and 77 remained unchanged. 

Higher borrowing cost primary reason for incurring losses  

Increased yarn production behind profit uptick

Awami League-affiliated businesses had already put the country’s banking sector in trouble with huge bad debts, but the loans disbursed through irregularities to these companies turned sour even at a more alarming pace after the party’s ouster.

The deadline for individual taxpayers to file their tax returns has been extended by a month by the National Board of Revenue (NBR).

The International Monetary Fund (IMF) said on Friday it held constructive talks with authorities in Pakistan on economic policy and reform efforts to reduce vulnerabilities during an unscheduled staff visit.

Among the top banks receiving remittances, Agrani Bank stood out with extraordinary growth while Islami Bank Bangladesh and Trust Bank remained key players.

When an interim government was sworn into office following the ouster of the Awami League regime just 100 days ago, there was an air of expectation that the Prof Muhammad Yunus-led administration would take steps to salvage a scam-ridden financial sector and rescue an ailing economy.

Bangladesh is sending more leather footwear to foreign markets like the United States, Japan and the European Union as the country’s footwear exports during the July-October period of the current fiscal year surged to a five-year high.