Alltex Industries Ltd made a profit in the financial year that ended on June 30.  

Cyclone Sitrang, which swept across Bangladesh last week, has caused losses of around Tk 350 crore for 150,000 farmers in almost half of the country, the agriculture ministry said yesterday.

The Dhaka Stock Exchange’s prime index and turnover dropped for the second consecutive day today as risk-averse investors were in a selling spree.

The cyclone Sitrang that swept over the country last week has caused a loss of around Tk 350 crore of 150,000 farmers in almost half of the country, the agriculture ministry said today.

GPH Ispat Ltd’s profit fell more than 18 per cent year-on-year to Tk 149.39 crore in the financial year that ended on June 30.

Only eight out of 61 plots have so far been allotted in the BSCIC industrial estate in Barguna as entrepreneurs are not showing much enthusiasm in securing land for higher costs in the coastal district well-known for agricultural produce and fisheries.  

Earnings from apparel shipments in October may dip 20 per cent year-on-year for high inflation in Europe due to the Russia-Ukraine war and a production shortfall for the ongoing energy crisis in factories, said the BGMEA chief yesterday.

The economy might fall into a financial crisis and face a growth slowdown if the existing pace of higher current account deficit persists for three to five years, warned the Policy Research Institute of Bangladesh (PRI) yesterday. 

Hongkong and Shanghai Banking Corporation (HSBC) Bangladesh, in association with the National Board of Revenue and the Bangladesh Bank, recently rolled out an online statutory payment processing solution for the payments of value-added tax, VAT deducted at source (VDS), excise duty, supplementary duty, and penalties.

The ICT infrastructure provider Huawei yesterday signed a memorandum of understanding (MoU) with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to address the current energy crisis and move towards building a greener Bangladesh.

The government would first consider the country’s interests before accepting any foreign investment in Chattogram port, State Minister for Shipping Khalid Mahmud Chowdhury said yesterday.

Speakers at a roundtable yesterday emphasised on a coordinated effort from the public and private sectors of Bangladesh to achieve the Sustainable Development Goals (SDGs).

Al-Arafah Islami Bank promoted its deputy managing director to the post of additional managing director (AMD).

Mohammed Ayub was recently elected as vice-chairman of the board of directors of South Bangla Agriculture and Commerce (SBAC) Bank.

All major indices in Bangladesh dropped yesterday after an error that saw the withdrawal of the circuit breaker for all stocks at the Dhaka Stock Exchange (DSE) delayed the starting of the trading session. 

BSRM Steels Limited posted a 7.6 per cent higher profit in the last financial year that ended on June 30. 

Bata Shoe Company (Bangladesh) Limited’s sales rose 51 per cent year-on-year to Tk 213 crore in the July-September quarter on the back of increased turnover during Eid festivals and promotional activities.

United Power Generation Distribution Company logged a profit of around Tk 997 crore in fiscal year 2021-22 although it was a year-on-year decrease of 8 per cent, something it cited was due to the devaluation of the local currency against the greenback. 

The fallow lands of different government organisations, including sugar mills, will be brought under cultivation, Agriculture Minister Muhammad Abdur Razzaque said yesterday.

Berger Paints Bangladesh has decided to invest Tk 480 crore to establish a factory in Bangabandhu Sheikh Mujib Shilpa Nagar.