Pharmaceutical company Renata Ltd witnessed a 35 per cent year-on-year drop in net profit in the October-December period due to increased price of raw material generated by the dollar crisis. 

Summit Alliance Port Limited (SAPL) posted a nearly 91 per cent spike in profit to Tk 9.95 crore in the second quarter of the current financial year of 2022-23.

IFAD Autos Ltd today said its net profit dipped 75 per cent year-on-year in the second quarter of financial year 2022-23.

Footwear major Apex Footwear's earnings surged 86 per cent in the second quarter ending on December 31 buoyed by increased exports and domestic sales.

The government’s decision to increase the power tariff twice last month has created undue pressure on small industries that are unable to keep up with rapidly rising production costs, according to various businesspeople.

With the approval of a $4.7 billion loan by the International Monetary Fund (IMF) for Bangladesh easing much of the concerns regarding its economy, IMF Mission Chief to Bangladesh Rahul Anand answers some questions about the arrangement.

The recovery of default loans is still weak in Bangladesh despite offering relaxed repayment policies for three consecutive years to 2022 as delinquent borrowers are not paying back funds on time, hitting banks’ income and cash flow. 

ACI, one of the country’s leading business conglomerates, saw lower profits year-on-year during the July-December period of fiscal year 2022-23 despite securing higher sales. 

Bangladesh Steel Re-Rolling Mills Limited reported a more than 52 per cent decline in profit in the first half of the ongoing financial year owing to the higher cost of production amid tighter market conditions.   

Square Pharmaceuticals saw higher profits year-on-year in the first half of the current fiscal year of 2022-23 though the growth was lower. Meanwhile, profits of its sister concern, Square Textiles, declined. 

The HSBC-AUW School of Apparel and Retail Management would not only prepare female leaders required for the country’s apparel sector but would also help replace thousands of foreigners employed in the mid- and top levels of factories, discussants said recently.

Social Islami Bank Ltd (SIBL) has appointed Belal Ahmed as the acting chairman of its board of directors after Md Mahbub Ul Alam resigned.

The Bangladesh Jeweller’s Association (Bajus) is going to organise a three-day expo from February 9 in hopes of heightening the country’s position in the global gold jewellery market and thereby improve the local industry.

The Power Grid Company of Bangladesh, a state-run listed electricity grid management and transmission entity, incurred a loss in the first half of the financial year of 2022-23 in spite of securing higher sales. 

The key index of the Dhaka Stock Exchange (DSE) fell for the third consecutive session yesterday.

Defying all odds, purchase orders worth Tk 300 crore were placed with exhibitors of the annual monthlong 27th Dhaka International Trade Fair (DITF)-2023 at Bangladesh-China Friendship Exhibition Center in Purbachal. 

United Commercial Bank (UCB) has recently promoted a senior executive vice-president to the post of deputy managing director. 

Access to finance is still the main barrier for women-led small-and-medium enterprises (SMEs) in Bangladesh, according to various experts.

Indian magnate Gautam Adani said on Tuesday he would keep investing in Israel after his group took over one of the country's main ports.

Social Islami Bank Ltd (SIBL) today appointed Belal Ahmed as acting chairman for its board of directors after Md Mahbub Ul Alam resigned from the post on January 26.