Doreen Power sees profits fall for higher foreign currency cost

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) today.
15 October 2023, 10:36 AM

80% of leather goods and footwear exports going to just 10 countries

Bangladesh's export earnings from leather goods and footwear are concentrated in 10 countries, with these markets buying roughly 80 percent of the total shipments from the nation in the fiscal year 2022-23.
15 October 2023, 01:30 AM

Use of credit cards in departmental stores on the rise

The use of credit cards in Bangladesh is increasing sharply, bolstered by growing spending on daily essentials at departmental stores amid higher inflation.
15 October 2023, 01:15 AM

BSEC measures to prop up stocks backfiring

The main index of the stock market in Bangladesh has been hovering around 6,300 for the past year, with many shares remaining unsold amid scant investor participation, according to market analysts..Besides, only junk stocks are performing well thanks to the prevalence of rumour-based tradi
15 October 2023, 01:00 AM

Build your own brand

When we think of branding, it is often that a company, business, or institution comes into our mind. However, another especially important aspect that we often do not talk much about is personal branding. Just think of Lionel Messi. Do you only know him as a player in the Argentine football team? I do not think so. For too many, he is regarded as the best footballer in the world. He is a brand all by himself.
14 October 2023, 23:41 PM

'Buyers want deliveries in hours, we are taking weeks'

Global buyers for leather goods and footwear now want their orders delivered faster than before, requiring local manufacturers to respond promptly. And this calls for easing customs procedures and ensuring faster clearance of goods to facilitate export growth, according to market players..
14 October 2023, 17:59 PM

IMF defends revising down GDP forecast

International Monetary Fund (IMF) has defended revising down its forecast for Bangladesh’s GDP growth in fiscal year 2023-24, saying it was “pretty reasonable” amidst various ongoing challenges, including elevated inflation.
14 October 2023, 13:31 PM
13 October 2023, 15:34 PM

Five firms, one individual honoured at Brac Bank-The Daily Star ICT Awards

The ICT trailblazers of Bangladesh were recognised for their contribution in the sector
13 October 2023, 14:39 PM

Brac Bank-The Daily Star ICT Awards begins

ICT trailblazers to be honoured
13 October 2023, 12:29 PM

Number of internet users showing sharp growth

The number of internet users in Bangladesh witnessed a notable upswing of 10 lakh in August, predominantly attributed to the expansion of the country’s mobile subscriber network.
13 October 2023, 02:12 AM

BTRC fines Fiber@Home Tk 5 lakh

The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday imposed a Tk 5 lakh fine on Fiber@Home Ltd for providing internet services to end users despite lacking the required licence.
13 October 2023, 01:32 AM

Bangladesh emerging as a sourcing hub

Bangladesh is rapidly emerging as a dependable source of leather goods and footwear for many foreign buyers owing to low prices and good quality, according to industry people.
13 October 2023, 01:00 AM

IMF discusses subsidies with Power Division

A visiting delegation of the International Monetary Fund (IMF) held a meeting with senior Power Division officials yesterday mainly over subsidies, reports UNB.
12 October 2023, 19:23 PM

Pran-RFL to invest Tk 680cr in industrial estate

Pran-RFL Group, a leading food processor and conglomerate in Bangladesh focusing on household products, is going to invest Tk 680 crore in the next one year to expand the capacity of its Habiganj Industrial Park and meet growing demand of consumers.
12 October 2023, 19:12 PM

Foreign vessels face hassles getting waivers

Operators of foreign container feeder vessels have allegedly been facing hassles obtaining waiver certificates, which are mandatory for loading cargo to and from Bangladesh.
12 October 2023, 19:11 PM

Treasury heads of 10 banks seek penalty waiver

They sent separate letters to the central bank
12 October 2023, 05:46 AM

Wheat import surges

Wheat imports grew four times in the first quarter of this fiscal year as businesses showed an interest in tapping into reduced international prices of the second most-consumed grain in Bangladesh.
12 October 2023, 02:58 AM

Lending, exchange rates still not market-driven: IMF

Bangladesh Bank introduced a new formula in June to determine the lending interest rate and brought about a single exchange rate recently but both are yet to be determined by the open market, the International Monetary Fund (IMF) has said.
12 October 2023, 02:58 AM

House rent on the rise

House rent in different parts of Bangladesh rose by 5.93 percent in the April-June period of fiscal 2022-23, placing an additional burden on many lower and middle-income households, according to the Bangladesh Bureau of Statistics
11 October 2023, 20:59 PM