Lower revenue collection narrows fiscal space

Revenue collection in the first four months of the current fiscal year declined by 1 percent year-on-year
26 November 2024, 18:00 PM

Shipping Corporation repays Tk 475cr loans

Bangladesh Shipping Corporation (BSC) repaid Tk 475.25 crore to the interim government as the first instalment of a loan it received from the government and Exim Bank of China in 2016 to purchase ships..Representatives of the BSC handed over the cheque to Chief Adviser Prof Muhammad Yunus
26 November 2024, 15:59 PM

Many stock investors lose money for not understanding the business: ICB chairman

The Bangladesh Merchant Bankers Association highlighted the prospects and challenges of the capital market
26 November 2024, 13:20 PM

Multinational executives urge govt to ensure licensing, tax consistency

Yunus asked the executives to maintain transparency in businesses
26 November 2024, 12:56 PM

BB removes ICB Islamic Bank MD for fund embezzlement

However, the displaced official said the allegations are yet to be proved
26 November 2024, 12:54 PM

Labour reforms key to Bangladesh's economic growth: US delegation

The delegation concludes its visit to Bangladesh today
26 November 2024, 06:46 AM

Stocks continue to bleed as investment stagnates

The stock market in Bangladesh extended a losing streak for a third consecutive trading day yesterday as skittish investors were reluctant to pour fresh funds due to political and economic uncertainties..As a result, both the Dhaka and Chattogram bourses witnessed thin participation of inv
26 November 2024, 06:00 AM

Stocks up in early trade

The index gained 28.89 points to 5165.01 in the morning trade. 
26 November 2024, 05:30 AM

Trade union rules to ease

The interim government of Bangladesh has decided to lower the threshold of workers required to register a trade union by a fourth.
25 November 2024, 18:50 PM

Electronic filings of tax returns double in Jul-Nov

The number of electronic filings of tax returns more than doubled to over 5 lakh since July this year, thanks to the steps taken by the National Board of Revenue (NBR). .Individual taxpayers filed 2.17 lakh returns between July 1 and November 24 of this fiscal year, according to the NBR.<
25 November 2024, 18:23 PM

Renata raises Tk 536cr through bonds, preference shares

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 
25 November 2024, 18:00 PM

Lovello to acquire 50% stake in Sharika Foods

Taufika Foods and Lovello Ice-cream PLC has announced that it would acquire a 50 percent stake in Sharika Foods & Amandala Ltd at a cost of Tk 50 lakh. 
25 November 2024, 18:00 PM

Atlas, Runner team up to grab a slice of Tk 500cr helmet market

State-owned Atlas Bangladesh and private manufacturer Runner Automobiles have teamed up to cater to the growing local market for motorcycle helmets, which currently relies on imported products.
25 November 2024, 18:00 PM

MJL to spend up to $47m to buy oil tanker

Mobil Jamuna Lubricants (MJL) Bangladesh Ltd, which blends and markets lubricants and grease products, yesterday announced that its board has approved the purchase of a used oil tanker within a range of $45 million to $47 million.
25 November 2024, 18:00 PM

It’s time to forget Silicon Valley formula and build our own

The world has long been captivated by Silicon Valley: the land of endless innovation, where founders start in garages and build tech giants. It is a formula that many have tried to emulate, but it’s time for Dhaka to write its own recipe—one that works for our unique context, strengths, and challenges.
25 November 2024, 18:00 PM

Poor navigability disrupts cargo transport through Nagarbari port

Nagarbari port, one of the largest riverports in Bangladesh, is mainly used to facilitate the transport of imported fertiliser and coal from Chattogram to 16 northern districts of the country.
25 November 2024, 18:00 PM

BB asks banks to rebuild image

Bangladesh Bank yesterday asked banks to find a way to rebuild the image of the country’s banking sector in the international arena as Moody’s recently downgraded Bangladesh’s long-term ratings to B2 from B1.
25 November 2024, 18:00 PM

Banks reel from liquidity crisis despite rising deposit rates

Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
25 November 2024, 18:00 PM

Govt to speed up development spending to revive economy

The interim government is going to ask ministries to accelerate the implementation of ongoing development projects, Planning Adviser Prof Wahiduddin Mahmud said, as he believes this would help avert a further economic slowdown.
25 November 2024, 18:00 PM

Jewellers cut gold prices by Tk 1,890 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 140,376
25 November 2024, 14:33 PM