Fall in jobless rate raises questions

The number of unemployed people in Bangladesh declined by 1.80 lakh year-on-year in the third quarter of 2023 despite the country’s major economic indicators having slowed down.
29 October 2023, 18:00 PM

Bankers, directors to be kept out of Shariah board

No bankers and directors will be able to hold any post in the Shariah supervisory committee of banks as the Bangladesh Bank changes rules to make lenders more compliant and curb irregularities. 
29 October 2023, 18:00 PM

Bangladesh to question India's countervailing duty on jute

Bangladesh is going to defend its position and question India’s logic in imposing countervailing duty (CVD) on jute and jute goods from Bangladesh to India, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
28 October 2023, 18:01 PM

RAK Ceramics’ profit drops

Profits of RAK Ceramics (Bangladesh) dropped in first nine months of 2023 mainly due to lower sales.
28 October 2023, 18:00 PM

United Power sees profit plunge

United Power Generation & Distribution Company Ltd saw its profits fall sharply in the last financial year because of a huge amount of foreign exchange loss incurred by its subsidiaries for devaluation of the taka against the dollar.
28 October 2023, 18:00 PM

Bangladesh to question India’s countervailing duty on jute

Bangladesh is going to defend its position and question India’s logic in imposing countervailing duty (CVD) on jute and jute goods from Bangladesh to India, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
28 October 2023, 18:00 PM

Bangladesh, Canada to work for higher bilateral trade

Bangladesh and Canada have agreed to devise a mechanism to explore ways and means to diversify and expand bilateral trade, which now stands at only about $2.5 billion. 
28 October 2023, 18:00 PM

PwC global revenues rise to record $53b

PricewaterhouseCoopers (PwC) firms around the world logged a record gross revenue of $53.1 billion, growing by 9.9 percent in terms of local currency and 5.6 percent in terms of US dollars compared to gross revenues of the financial year 2022.
28 October 2023, 18:00 PM

Olympic Industries’ profit surges

Profits of Olympic Industries Ltd, the country’s largest biscuit maker, jumped 29 percent in the financial year 2022-23 ending in June.
28 October 2023, 18:00 PM

ACI sinks into losses

ACI Ltd, which operates in diversified areas of business, sank into losses in the last financial year, suffering from an increase in the price of dollars and higher energy and borrowing costs.
28 October 2023, 18:00 PM

Are we proud of our organisation?

When I joined a global bank in the mid-eighties, we were given the understanding that a young person joins an organisation for brand value or monetary benefits, but the person leaves the organisation either with the boss or for the boss.
28 October 2023, 18:00 PM

Premier Bank eyes digital expansion

Premier Bank PLC is investing in building a robust digital infrastructure to make all financial services available at the fingertips of customers, said M Reazul Karim, managing director of the private commercial bank.
28 October 2023, 18:00 PM

Unemployment among graduates: Females still have highest rate

Although an increasing number of female students are coming out of universities every year, they continue to have the highest unemployment rate among graduates, according to the Labour Force Survey (LFS) 2022 released at the end of last week.
28 October 2023, 18:00 PM

Economic misery to deepen amid political crisis

Most of the macroeconomic indicators of Bangladesh have been in bad shape for the last several months owing to external and internal factors, intensifying people’s suffering as consumer prices surged to record levels.
28 October 2023, 18:00 PM

‘Bangabandhu tunnel to speed up industrial growth’

The opening of the Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli river will lead to the development of numerous industrial units from Chattogram to Cox’s Bazar and encourage urbanisation, said Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
28 October 2023, 18:00 PM

Gas shortage taking toll on textile millers

Primary textile millers want adequate gas supply in their factories as nearly 40 percent of their production capacity is currently unutilised due to low pressure of gas, the price of which increased by nearly 100 percent in February this year.
28 October 2023, 18:00 PM

Eight companies honoured with HSBC Business Excellence Awards

The Hong Kong and Shanghai Banking Corporation (HSBC) yesterday honoured eight business enterprises of Bangladesh for their outstanding contribution to the sustainable growth of the economy even during challenging times.
28 October 2023, 18:00 PM

Revenue growth slows as import dips

Revenue collection in Bangladesh grew 14.3 percent year-on-year in the first quarter of the current fiscal year although the pace was slower owing to a decline in imports, official figures showed yesterday.
27 October 2023, 14:00 PM

Unemployed graduates double to 8 lakh in 5yrs

Almost every weekend, residents in Dhaka see a common scene in front of educational institutions: youths are either waiting at the gates to go inside or coming out after taking part in the recruitment tests in their efforts to land jobs.
26 October 2023, 18:00 PM

Aziz Khan wins Singapore PM office award

Muhammed Aziz Khan, chairman of Summit Group, has been awarded the Public Service Medal (Covid-19) at the National Awards of Singapore for his outstanding contributions to society during the pandemic.
26 October 2023, 18:00 PM