Says commerce secretary

The bank's profit fell 55.5% year-on-year to Tk 80.89 crore in 2022

The central bank took the decision to comply with IMF's loan conditions

Sunil Isaac has over 27 years of experience in the telecom industry

March, and more precisely March 8th, is a time to raise awareness about the remaining path toward equal opportunities for women and men. This is especially challenging in the current days of infoxication where algorithms on the Internet nudge us to jump the discussion from one topic to another day after day. March 8th has passed, yet many gender challenges remain.

The Dhaka Stock Exchange (DSE) rose in the morning session today.

Today’s companies are moving into a renewed focus on driving growth and during such times the focus of the CFO will also need to shift beyond accounting and finance.

New industries are being set up in Narsingdi as the district’s road connectivity with the capital has seen a remarkable improvement in recent years, businessmen say.

Profits of all power generation companies dropped in the July-March period of fiscal year 2022-23 and some of them even incurred huge losses mainly due to a huge depreciation of the value of the taka against the US dollar that ultimately increased their costs. 

With sugar currently retailing for as much as Tk 140 per kilogramme (kg), production at mills of the Bangladesh Sugar and Food Industries Corporation (BSFIC) has hit a 23-year low due to reduced supply of sugarcane.

Standard Bank Limited posted a profit of Tk 112.58 crore in the financial year that ended on December 31, an increase of 45.2 per cent year-on-year.

The BGMEA and Taiwan Textile Research Institute (TTRI) will work together to enhance the capacity of Bangladesh’s garment industry, especially in manufacturing high-end products made with manmade fibre (MMF).

ACI Formulations Limited suffered a 13 per cent year-on-year fall in profit to Tk 6.28 crore in the third quarter of the current financial year.

The current year will be very challenging for apparel exports as major global markets may shrink for reduced demand for high inflation and monetary tightening by authorities there, said BGMEA President Faruque Hassan yesterday. 

International clothing retailers and brands are demanding up to 5 per cent discounts from Bangladesh’s apparel exporters, adding another challenge for the suppliers who are already grappling with multiple issues amid volatile global economic scenario. 

Despite accepting prices lower than production cost, global brands now want extra discount

Prior to this, he was serving Meghna Bank as senior executive vice-president and head of retail and SME banking

Most countries, as they emerge from the Covid-19 crisis, are seeking economic growth from weakened fiscal positions. As health and social spending surged to help workers, families, and businesses cope, the economic shock greatly reduced revenues.

Thousands of people on both sides of the Baleshwar river, which flows between Pirojpur and Bagerhat, have changed their fates by cultivating banana on a commercial basis.

Startups in Bangladesh raised about $35.58 million in the first three months of 2023, according to LightCastle Partners, a Dhaka-based research and business consulting firm.