Stocks fall further despite new circuit breaker

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), plunged 60 points, or 1 percent to 5,518.
26 April 2024, 00:54 AM

USTR identifies Bangladesh among top-five counterfeit product suppliers

China (together with Hong Kong) continues to be the largest origin economy for counterfeit and pirated goods, accounting for more than 85 percent of global seizures of counterfeit goods from 2017 to 2019.
26 April 2024, 00:54 AM

Heatwave leaves no impact on RMG production

So far, any loss of productivity or major casualty has been averted while no incident related to the thin presence of workers or missing shipment deadlines has been recorded.
26 April 2024, 00:54 AM

Entrepreneurs make hay out of naturally available leaves

Thousands of women from several villages in Mymensingh’s Phulbaria upazila are now becoming self-reliant by making an earning through the production of traditional handicrafts from a variety of leaves.
26 April 2024, 00:00 AM

Boss-beating services: the workplace solution

A former colleague shared one of the most bizarre local news about an employee who hired a goon to severely beat up his boss for being the cause of excessive stress in the workplace.
25 April 2024, 18:01 PM

IMF suggests raising power, gas and fertiliser prices

The International Monetary Fund yesterday recommended reducing government subsidies by hiking prices of power, gas and fertiliser, and spending the saved money on society safety net programmes.
25 April 2024, 18:00 PM

Reckitt Benckiser revenue down 3pc

Reckitt Benckiser (Bangladesh), whose brands include Dettol, Mortein and Harpic, witnessed a drop in revenue of around 3 percent year-on-year in the last January-March period, citing that it was due to a drop in sales.
25 April 2024, 15:31 PM

Islami Bank to issue Tk 1,000 crore bond to strengthen capital

Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.
25 April 2024, 14:30 PM

Central bank restricts journalists’ access to its offices, drawing criticism

In a rare move, the Bangladesh Bank has restricted the entry of journalists to its offices for the first time in its history, prompting a group of journalists to protest.
25 April 2024, 14:00 PM

Bata Bangladesh recommends highest-ever dividend despite profit decline 

Bata Shoe Company (Bangladesh) Ltd’s profit dropped 2 percent year-on-year to Tk 40.09 crore in 2023, yet it recommended its highest-ever cash dividend
25 April 2024, 08:54 AM

Islami Bank Bangladesh’s full-year profit rises to Tk 635 crore, highest since 2019

Islami Bank Bangladesh recorded a profit of Tk 635.33 crore in 2023, the highest since 2019
25 April 2024, 06:27 AM

Many tech startups to collapse if tax exemption goes: experts

The income tax exemption period for the software and information technology services sector is set to expire in June of this year.
25 April 2024, 00:57 AM

IMF calls for smaller budget amid low revenue receipts

The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June, should be smaller than the projection, citing a low revenue collection, according to a number of finance ministry officials who attended the meeting.
25 April 2024, 00:57 AM

BSEC narrows circuit breaker limit to halt panic selling

The BSEC issued an order recalibrating the circuit breaker, saying that stocks of listed companies would not be allowed to fall more than 3 percent based on the previous day's closing price.
25 April 2024, 00:57 AM

Bay Terminal may draw $8b FDI

The Bay Terminal project’s two container terminals, a multipurpose terminal and an oil and gas terminal will all be implemented wholly with FDI, said the CPA chairman.
25 April 2024, 00:57 AM

EU's new supply chain law to improve labour conditions in Bangladesh

The Parliament’s vote came on the 11th anniversary of the tragic collapse of the Rana Plaza building, which killed 1,138 garment workers and injured more than 2,000 others.
25 April 2024, 00:01 AM

Grameenphone’s profit grows to Tk 1,338 crore in Q1

Grameenphone’s profit grows to Tk 1,338 crore in Q1
24 April 2024, 19:14 PM

SOS from SMEs

Micro, small, and medium enterprises (MSMEs), thanks to their entrepreneurial spirit and agility, have emerged as the heart of the growing economy of Bangladesh and the backbone of the financial ecosystem.
24 April 2024, 18:01 PM

Singer incurs losses in Q1

The home appliance maker counted a loss of Tk 2.1 crore in Jan-Mar quarter
24 April 2024, 15:58 PM

Small businesses, daily earners scorched by heatwave

After parking his motorcycle and removing his helmet, a young biker opened a red umbrella and stood on the footpath.
24 April 2024, 15:30 PM