Lower sales and higher tax payments are the reasons behind the loss

Far East Knitting & Dyeing Industries Ltd reported a profit of Tk 35.87 crore for the financial year ending on June 30, 2024, reflecting a 3.7 percent increase year-on-year.

Premier Cement Mills PLC, one of Bangladesh's leading cement manufacturers, reported a profit of Tk 74.23 crore for the financial year ending on June 30, 2024.

12 firms given permission to bring them in

The government has appointed managing directors for six state-owned commercial banks after keeping the posts vacant for more than a month.

Stockbrokers in Bangladesh have urged the Dhaka Stock Exchange (DSE) to regain its role as the primary authority in allowing initial public offerings (IPOs) and monitoring the country’s share market..This request came at a meeting between leaders of the DSE Brokers Association (DBA), the t

The Bangladesh Bank has further reduced the number of its repo auctions for banks to one day per week in a bid to improve the implementation of the monetary policy.

Bangladesh has been grappling with elevated inflation for the past two and a half years, significantly straining the daily lives of its population.

The transportation of export-import laden containers to and from Chattogram Port has been halted since yesterday morning due to a 48-hour strike enforced by prime mover drivers and their helpers.

Fitch Ratings has cut its economic growth forecast on Bangladesh to 4.5 percent for the current fiscal year as the country’s recent political transition created policy uncertainty in the near-term.

Of their total corporate social responsibility (CSR) expenditure, banks spent 45 percent on disaster management violating rules in the first half of 2024, with bankers saying it mainly went to various funds maintained by the Prime Minister’s Office before the political changeover on August 5.

Creating an environment for free, fair and credible elections is the first priority of the newly appointed administrator of the country’s largest trade body, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Garment exports by Bangladesh’s market rivals like India, Vietnam, China and Cambodia have increased to major Western markets due mainly to the latest spell of labour unrest and political changeover earlier in August in the country.

Grocery shelves are not clearing as quickly for fast-moving consumer goods (FMCG), while many are switching to mini-packs of food and toiletries -- indicating that people are losing ground in their prolonged battle against inflation.

It will also be investigated whether they have any other income and assets in addition to what was shown on their income tax documents, the CIC official said.

The indexes of the Dhaka Stock Exchange (DSE) rose yesterday, snapping a five-day losing streak on the back of the good performance of shares in the blue-chip and large-cap sectors..Shares of Islami Bank Bangladesh, BRAC Bank, Heidelberg Materials Bangladesh PLC, Bangladesh Steel Re-rollin

The suspension was imposed, as Indian minister will open a terminal at Petrapole on October 24

Sales fell 2% while profit 45%

The new measure will be effective from November 1 this year

Finance ministry issued the notification and letters for 10 banks