Both imports and sales of reconditioned cars declined due to price increases stemming from the increase in the price of US dollars and the prevailing macroeconomic vulnerability, according to market insiders and market data.

BSRM Ltd, the largest steelmaker in Bangladesh, said its profits fell in the financial year ending in June 2023 even though it recoded 44 percent higher sales to take the turnover to over Tk 11,500 crore, the highest so far.

Profits of Doreen Power Generations and Systems Ltd fell 61 percent year-on-year to Tk 64.8 crore in fiscal 2022-23, according to a disclosure on the Dhaka Stock Exchange (DSE) yesterday.

A visiting International Monetary Fund (IMF) delegation yesterday sought to know from garment manufacturers why some exports from Bangladesh over the past 10 to 15 years did not see the subsequent return of proceeds.

The International Monetary Fund (IMF) yesterday suggested that banks in Bangladesh should quicken the implementation of market-driven exchange rates as it would help alleviate the ongoing foreign currency crisis.

The beneficiaries of the universal pension scheme (UPS) will get tax waiver facilities on their investment and profits.

A total of 24 new pieces of container handling equipment, including four quayside gantry cranes (QGCs), purchased by Chittagong Port Authority (CPA) at a cost of Tk 394 crore were launched yesterday.

Rice production in Bangladesh grew for the sixth consecutive year in fiscal year (FY) 2022-23 as farmers expanded cultivation areas of high-yielding varieties (HYV) and hybrid rice in place of local varieties.

Profits of Doreen Power Generations and Systems Ltd fell 61 percent year-on-year to Tk 64.8 crore in fiscal 2022-23, according to a disclosure on the Dhaka Stock Exchange (DSE) today.

Bangladesh's export earnings from leather goods and footwear are concentrated in 10 countries, with these markets buying roughly 80 percent of the total shipments from the nation in the fiscal year 2022-23.

The use of credit cards in Bangladesh is increasing sharply, bolstered by growing spending on daily essentials at departmental stores amid higher inflation.

The main index of the stock market in Bangladesh has been hovering around 6,300 for the past year, with many shares remaining unsold amid scant investor participation, according to market analysts..Besides, only junk stocks are performing well thanks to the prevalence of rumour-based tradi

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Global buyers for leather goods and footwear now want their orders delivered faster than before, requiring local manufacturers to respond promptly. And this calls for easing customs procedures and ensuring faster clearance of goods to facilitate export growth, according to market players..

International Monetary Fund (IMF) has defended revising down its forecast for Bangladesh’s GDP growth in fiscal year 2023-24, saying it was “pretty reasonable” amidst various ongoing challenges, including elevated inflation.

The number of internet users in Bangladesh witnessed a notable upswing of 10 lakh in August, predominantly attributed to the expansion of the country’s mobile subscriber network.

The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday imposed a Tk 5 lakh fine on Fiber@Home Ltd for providing internet services to end users despite lacking the required licence.

Bangladesh is rapidly emerging as a dependable source of leather goods and footwear for many foreign buyers owing to low prices and good quality, according to industry people.

A visiting delegation of the International Monetary Fund (IMF) held a meeting with senior Power Division officials yesterday mainly over subsidies, reports UNB.

Pran-RFL Group, a leading food processor and conglomerate in Bangladesh focusing on household products, is going to invest Tk 680 crore in the next one year to expand the capacity of its Habiganj Industrial Park and meet growing demand of consumers.