Tk 66.27 crore will be spent

It declined to 22.24% from 26.54%, according to BIDS

Fifty-one per cent of the total poor in 2022 were new as the dragging fallout of the coronavirus pandemic took its toll on the country, according to a survey of the Bangladesh Institute of Development Studies (BIDS).

Water consumption for manufacturing denim fabrics has reduced significantly in Bangladesh as local producers now use highly efficient technology, according to market players.

Bangladesh is racing ahead towards becoming the world’s ninth-largest consumer market by 2030. However, in today’s hyper-dynamic world, deep change is inevitable for our educational and financial institutions as well as large conglomerates. Anticipating resistance, it is crucial to understand why people resist change and how to overcome it. Having led large-scale business transformations for three decades, I am sharing below my learning for the benefit of the upcoming business leaders.   

Bangladesh’s gross domestic product is estimated to have grown at a slower pace in the current financial year with the biggest blow stemming from the industrial sector, official figures showed.

LC opening stood at $56.36 billion in the first 10 months of 2022-23, down from $76.99 billion a year ago.

LankaBangla Finance PLC said its board has approved the issuance of a zero-coupon bond to raise Tk 200 crore.

The National Board of Revenue (NBR) has extended the deadline for companies in Bangladesh to submit their tax returns for the 2022-23 income period until June 15 this year, according to a notice issued yesterday.

Rajshahi Krishi Unnayan Bank (Rakub) appointed a new managing director on May 10 this year. 

Novoair, a private airline in Bangladesh, has announced a 15 per cent discount on the ticket price for all routes.

Mercantile Islami Insurance PLC saw an over 25 per cent year-on-year drop in profit in the January-March quarter of this year.

Textiles and jute minister tells seminar

Navana Limited has won a “2022 TMHI Award” from Toyota Material Handling International (TMHI) for its Toyota forklift sales to various industries, including those in manufacturing, warehousing, logistics and construction, in 2022.

The Dhaka and Chattogram stock exchanges closed higher yesterday on the back of insurance stocks.  

Paramount Textile Limited posted a 104 per cent year-on-year increase in profit to Tk 31.59 crore in the third quarter of the current financial year.

Bangladesh Finance Limited’s profit slumped 75 per cent year-on-year to Tk 1.88 crore in the first quarter of the current financial year.

It rises by Tk 29,367, but drops by $28

Those who sought time extension will only get the opportunity

Its profit fell to Tk 1.88 crore from Tk 7.53 crore