GP profit rebounds but its dividend lowest in 9 years

Grameenphone Ltd, the most valued company in the stock market, said its profit rebounded in 2023 after two consecutive years of decline, buoyed by higher revenue generated from increased voice only and data only services.
6 February 2024, 00:12 AM

Textile millers seek a way out as gas crisis worsens

Faced with a chronic gas crisis and volatile exchange rates, a number of ailing textile millers are putting their factories up for sale as they are no longer able to contend with losses stemming from dwindling production.
6 February 2024, 00:10 AM

DSE turnover crosses Tk 1,600cr after 16 months

Daily turnover of the Dhaka Stock Exchange (DSE) soared to a 16-month high of Tk 1,654 crore yesterday thanks to the increased participation of some major individual investors.
5 February 2024, 15:26 PM

Govt may review decision on export incentive cuts

Finance Minister Abul Hassan Mahmood Ali yesterday assured garment exporters that the government may review its decision to cut export incentives considering the move's impact on the apparel industry.
4 February 2024, 21:38 PM

Five simple habits that will change your future income

How can we increase our income level by following a few simple habits? Why are few of us successful in our financial life?
4 February 2024, 21:14 PM

Magura Group's paper companies to merge for better business

Two listed paper companies of Magura Group are being merged with its two other companies to enhance their performance and product quality, explained the group yesterday.
4 February 2024, 21:14 PM

Exports hit record $5.7b in January

The merchandise exports rebounded strongly in January as manufacturers shipped goods worth $5.72 billion, the highest in a single month, which, coupled with a rise in remittances and a fall in imports, could ease pressure on the economy.
4 February 2024, 21:14 PM

Economy rebounding: finance minister

The country’s overall macroeconomic situation is improving on the back of rising exports and remittances, Finance Minister Abul Hassan Mahmood Ali said yesterday.
4 February 2024, 21:14 PM

Gas crisis choking ceramics makers

The persistent gas crisis in Bangladesh has been severely hindering the nation’s ceramics industry over the past three to four months, leading to a roughly 20 percent drop in overall production quality in the sector.
4 February 2024, 01:43 AM

Startup ecosystem: challenges and agenda to scale up

The world's economic landscape is changing, shifting influence from the West to the East. In this transformation, Bangladesh, marked by a tech-savvy youth population is on the path of emerging as a promising hub for startups.
4 February 2024, 01:43 AM

Investors flock to risk-free treasury bills for higher returns

Government treasury bills, popularly known as T-bills, have become a lucrative tool to park funds for investors and savers driven by a record spike in yields in recent months.
4 February 2024, 01:41 AM

Shwapno’s loss spirals to Tk 1,600cr in 15 years as finance cost gets heavier

Shwapno, the leading retail chain brand in Bangladesh, started making operating profit, but its loss accumulated to Tk 1,661 crore over the past 15 years largely due to mammoth loans that are pushing up finance costs every year.
4 February 2024, 01:41 AM

Lending rate goes past 12% as tighter monetary policy kicks in

The lending rate of bank loans has gone past 12 percent on the back of the rising benchmark interest rate, sending the cost of funds for borrowers higher, as the central bank’s contractionary monetary policy appears to have taken hold.
2 February 2024, 01:21 AM

House rent saw faster growth in Oct-Dec: BBS

House rent in Bangladesh rose by an average of 5.89 percent in the October-December period of the current fiscal year (FY), placing an additional burden on many lower and middle-income households, according to the Bangladesh Bureau of Statistics (BBS).
2 February 2024, 00:31 AM

Textile machinery sellers expect higher sales in 2024

International textile and garment machinery sellers are optimistic about a rebound in their business in Bangladesh this year as the global clothing supply chain is recovering from the sluggish trend.
2 February 2024, 00:21 AM

Square Pharma’s Kenya unit logs higher revenue

Bangladesh’s largest drug producer, Square Pharmaceuticals, saw increased sales from its Kenya project in the second quarter of fiscal year (FY) 2023-24.
2 February 2024, 00:21 AM

Forex reserves slip below $20b again

Bangladesh’s foreign currency reserves have slipped below $20 billion again as remittance and export receipts did not pick up to the desired level.
2 February 2024, 00:15 AM

A hypocrite's handbook: how to preach water and drink wine

At a multinational company, a new group CEO with a bureaucratic background, who had little knowledge of the industry, was appointed. From his high seat, the big boss decided to cover up his lack of knowledge by flexing his powers.
1 February 2024, 23:31 PM

Incentive cuts will hurt exports. That’s for the time being

Exporters have expressed disappointment about the government’s sudden cut in cash incentives on the shipment of garments and other export-oriented products
1 February 2024, 01:30 AM

Novoair to spread wings to 6 int'l destinations by June

As part of major plans to expand its routes, Novoair, one of the leading private airlines of the country, is going to spread its wing to six international destinations by June.
1 February 2024, 01:15 AM