Sales and profits of local electronics giant Walton Hi-tech Industries plunged in fiscal year 2022-23, mainly due to the sluggish macroeconomic scenario brought on by the war between Russia and Ukraine.

State-run Dhaka Electric Supply Company Ltd (Desco) suffered a loss in the financial year of 2022-23, for the first time in 20 years, as the cost to buy bulk electricity rose at a higher rate than the spike in retail prices.

The country's economyis going through a difficult time, said Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry, yesterday.

It was thought that the shipment of garment items to Russia would come to a standstill because of the outbreak of the war with neighbouring Ukraine since February 24 in 2022.

Once upon a time people were enthusiastic and patiently waited for hours in queues to deposit their IPO application fees for lottery subscriptions.

The government is likely to announce the gross domestic product (GDP) figures soon by incorporating women's unpaid household work, said Planning Minister MA Mannan yesterday.

An IMF team meets BSEC officials today

EU ambassador meets FBCCI president in Dhaka

Both imports and sales of reconditioned cars declined due to price increases stemming from the increase in the price of US dollars and the prevailing macroeconomic vulnerability, according to market insiders and market data.

BSRM Ltd, the largest steelmaker in Bangladesh, said its profits fell in the financial year ending in June 2023 even though it recoded 44 percent higher sales to take the turnover to over Tk 11,500 crore, the highest so far.

Profits of Doreen Power Generations and Systems Ltd fell 61 percent year-on-year to Tk 64.8 crore in fiscal 2022-23, according to a disclosure on the Dhaka Stock Exchange (DSE) yesterday.

A visiting International Monetary Fund (IMF) delegation yesterday sought to know from garment manufacturers why some exports from Bangladesh over the past 10 to 15 years did not see the subsequent return of proceeds.

The International Monetary Fund (IMF) yesterday suggested that banks in Bangladesh should quicken the implementation of market-driven exchange rates as it would help alleviate the ongoing foreign currency crisis.

The beneficiaries of the universal pension scheme (UPS) will get tax waiver facilities on their investment and profits.

A total of 24 new pieces of container handling equipment, including four quayside gantry cranes (QGCs), purchased by Chittagong Port Authority (CPA) at a cost of Tk 394 crore were launched yesterday.

Rice production in Bangladesh grew for the sixth consecutive year in fiscal year (FY) 2022-23 as farmers expanded cultivation areas of high-yielding varieties (HYV) and hybrid rice in place of local varieties.

It will cost Tk 100,543 a bhori from tomorrow

They were also asked to submit a work plan

Air traffic in Bangladesh will increase almost three times in the next 15 years, State Minister for Civil Aviation and Tourism M Mahbub Ali said today

Imported eggs will reach Bangladesh in 3-4 days, the minister says