It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022

The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.

In fact, the reactions of the associated bankers and directors, circumstances centring the meetings where the decisions were taken alongside protests in one case confirmed that these had been decided by the government and relayed through the central bank.

In a recent internal meeting, Bangladesh Telecommunication Regulatory Commission (BTRC) approved the formulation of the committee comprising officials of its different divisions to prepare the guideline for internet services through non-geostationary satellite orbit (NGSO) satellites.

The government will present a “Green Factory Award-2023” to 29 companies from 12 sectors today recognising their role in enhancing productivity through the use of skilled workforce and eco-friendly technology in safe environments.

Bangladesh’s first and only sandpaper plant is struggling to expand its footprint owing to unhealthy competition from importers, who are allegedly under-invoicing prices of the abrasive paper.

How do you define a good budget? Should it be all-inclusive? Should it be too large? Or should it only focus on the possible future of the nation and allocate more to education and healthcare?

Runner Automobiles, one of the largest listed automobile companies, has continued to suffer from losses due to a decline in revenue and increase in financing costs.

The Finance Division last week disbursed Tk 1,500 crore in subsidy against the power ministry’s demand for the immediate release of Tk 3,000 crore to boost electricity supply during the summer months.

The maintenance works of SEA-ME-WE 5, through which Bangladesh avails the largest chunk of international bandwidth, will take about a month, prolonging woes over the lack of a smooth broadband internet service in the country.

There are around 2.5 crore cows and 13 lakh to 14 lakh farmers in the country. Of the farmers, 3.5 lakh own large farms, according to the Dairy Farm Owners Association in Bangladesh.

Bangladesh has formulated a National Skills Development Policy and established a unified national qualifications framework to enhance recognition of skills qualifications and facilitate up-skilling of the workforce, the International Labour Organization (ILO) said on April 24.

The DRU said that the sudden barriers were intentional and went against independent journalism. It added that there would be a risk of wrong reporting about the banking sector

Philadelphia-based Republic First, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department of Banking and Securities.

The government will give the Green Factory Award to 29 companies in 12 sectors for recognition of their compliance with workplace safety standards. 

While Bangladesh’s pharmaceutical sector has exceeded expectations and surpassed many comparator countries, the industry’s reliance on imports for raw materials has long been a limiting factor.

The year 1982 was a watershed in the history of the pharmaceutical industry of Bangladesh as the government stepped in to lay the foundation for its stellar growth in the subsequent decades.

Since the floor price removal, the stocks have been bleeding owing to massive sell-offs by local and foreign investors as the economic uncertainty persists

Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), plunged 60 points, or 1 percent to 5,518.