Shipping Corporation repays Tk 475cr loans

Bangladesh Shipping Corporation (BSC) repaid Tk 475.25 crore to the interim government as the first instalment of a loan it received from the government and Exim Bank of China in 2016 to purchase ships..Representatives of the BSC handed over the cheque to Chief Adviser Prof Muhammad Yunus
26 November 2024, 15:59 PM

Many stock investors lose money for not understanding the business: ICB chairman

The Bangladesh Merchant Bankers Association highlighted the prospects and challenges of the capital market
26 November 2024, 13:20 PM

Stocks continue to bleed as investment stagnates

The stock market in Bangladesh extended a losing streak for a third consecutive trading day yesterday as skittish investors were reluctant to pour fresh funds due to political and economic uncertainties..As a result, both the Dhaka and Chattogram bourses witnessed thin participation of inv
26 November 2024, 06:00 AM

Renata raises Tk 536cr through bonds, preference shares

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 
25 November 2024, 18:00 PM

Jewellers cut gold prices by Tk 1,890 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 140,376
25 November 2024, 14:33 PM

Efficient cross-border trade a boon for LDC graduation: ICCB

With the increase in international trade of Bangladesh, efficient cross-border trade will have notable implications for the country’s status graduation from the least developed country (LDC) to a developing one, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh
24 November 2024, 18:32 PM

Stocks fall for second day

Stocks in Bangladesh yesterday stretched their losing streak to two days consecutively as investors grappled with the fallout of Moody’s recent downgrade of the country’s foreign credit rating..The US-based credit rating agency also revised its long-term economic outlook for Bangladesh fro
24 November 2024, 18:01 PM

Panel of advisers formed to solve Beximco Industrial Park’s labour unrest

Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel
24 November 2024, 12:12 PM

World Bank focuses on creating quality jobs for youth

The World Bank focuses on creating quality jobs for the millions of youth population entering the job market every year, its Country Director for Bangladesh and Bhutan Abdoulaye Seck said yesterday.."We are ever more determined to give it all for Bangladesh,” he said at an exhibition, titl
23 November 2024, 18:03 PM

Govt to import another 50,000 tonnes of rice from India

The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The
21 November 2024, 16:10 PM

277 firms allowed to import 14.81 lakh tonnes of rice

The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
20 November 2024, 18:14 PM

Stocks rise marginally after 3-day fall

Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
20 November 2024, 18:13 PM

Steelmakers call for speeding up infrastructure projects

Steelmakers in Bangladesh have placed a five-point demand to the interim government, which includes accelerating infrastructure development projects, to address ongoing challenges in the industry..“The government needs to intensify its development efforts to resolve the economic crisis tha
19 November 2024, 18:00 PM

Remove barriers to pipe and tube-well industry

Young entrepreneurs in the pipe and tube-well industry of Bangladesh have urged the interim government to address bottlenecks that are hindering their investments and operations..They made this plea at a “views exchange for facilitating business among youths”, organised by the Bangladesh P
19 November 2024, 14:36 PM

Salt farmers depressed by low prices

The cracked and barren fields around the Chowfaldandi village in Cox's Bazar suggest that the season for salt cultivation has arrived. However, disheartened by low market prices of the daily essential, very few farmers are preparing their land for that purpose..According to farmers, prices
18 November 2024, 15:43 PM

Stocks fall after two-day rise

Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
17 November 2024, 14:48 PM

Trump’s high tariffs on China may lower edible oil prices globally: importers

The Trump Administration’s imposition of high tariffs on goods made in China may help to reduce the price of soybean seeds and edible oil in Bangladesh, traders and importers said..China’s retaliatory tariffs may also discourage Chinese importers from buying US goods, they added. .If
14 November 2024, 18:07 PM

Freeze accounts of NRBC Bank chairman

Banks have been asked to freeze all personal and private company accounts of three top former and current officials of NRBC Bank
14 November 2024, 14:52 PM

Major portion of plastic waste not recycled

A major portion of plastic waste ends up in landfills and a substantial amount pollutes the marine environment every year instead of being recycled, according to experts..“About 293,825 tonnes of plastic waste are recycled per year,” said Ferdaus Ara Begum, chief executive officer of Busin
13 November 2024, 18:00 PM

Renata’s profit falls 42% despite higher sales in Q1

Increased spending on raw material, manpower caused the fall
13 November 2024, 13:22 PM