Bangladesh Bank Governor Ahsan H Mansur said tightening monetary policy is the only globally practised remedy to heal inflationary pain, as businessmen opposed interest rate hikes for obstructing business expansion and job creation. 

Several directors of United Group purchased the shares for around Tk 180 crore

Delayed salary payment from a handful of RMG factory owners triggered the latest bout of labour unrest

The benefit will remain valid until March 31 next year

The Individual Depositors’ Forum of International Leasing also wanted their deposit money back with compensation

Sk Bashir Uddin says he will work hard together with everyone to control commodity prices

However, the Indian currency avoids sharp losses on central bank's intervention

“Similar to past political centralisation, we’ve also seen a concentration in the financial sector,” Mansur said at the “3rd Bangladesh Economic Summit 2024: Inequality, Financial Crimes, and Healing Bangladesh’s Economy,” held at Pan Pacific Sonargaon Dhaka

Political turmoil, floods and capacity woes behind profit fall 

"We have made two clear decisions: we will allocate 5 percent of GDP to health and 5 percent to education. This is our commitment," Chowdhury said.

The index gained 28.39 points to reach 5294.24 as of 11:04 am. 

Bangladesh Submarine Cables PLC’s profit declined 20 percent year-on-year in the first quarter of the current financial year as revenue fell while costs went up.

Apex Foods Ltd reported a slight decline in profit in the July-September period, which is the company’s first quarter of the financial year.

Chinese investors have shown interest in producing lithium batteries and solar panels in collaboration with Bangladeshi ventures.

Monno Ceramic Industries Ltd’s profit plunged by a huge margin in 2023-24 fiscal year, due to declining revenues and rising costs.

The Bangladesh Securities and Exchange Commission (BSEC) has decided to fine directors of 10 companies if they do not pay due dividends within deadlines set by the regulator.

The decision on whether to formulate another minimum wage for garment workers after making adjustments in line with inflation will be made by April next year.

A combo of beef and potatoes for Tk 160, introduced by retail chain Shwapno in light of persistent inflation, has quickly gained popularity, particularly among budget-conscious customers.

Bangladesh will take more time to decide on its graduation from the least developed country (LDC) category, scheduled for 2026, Commerce Adviser Salehuddin Ahmed said yesterday.

The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders.