Apex Footwear’s profit falls 34% on reduced sales, higher cost

Apex Footwear’s net profit fell about 34 percent to Tk 2.4 crore in the October-December quarter
31 January 2024, 06:45 AM

Development spending slows to 13-year low

Spending under the Annual Development Programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies having used just 22.48 percent of their allocations till December last year, official figures showed.
31 January 2024, 01:30 AM

Bangladesh lowers cash incentive for exporters to prepare for post-LDC era

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually
31 January 2024, 01:00 AM

BSRM logs falling sales as demand declines

BSRM Ltd, the biggest steelmaker in Bangladesh, said its sales dropped in the first half of the current financial year, suffered by reduced demand amid the economic slowdown.
30 January 2024, 20:00 PM

Apparel buyers yet to raise prices despite promise after wage hike

Some 79.1 percent of the apparel factory owners said international buyers are yet to increase prices of Bangladeshi goods, which they earlier promised to do after the new garment wage comes into effect in December last year, a survey found.
30 January 2024, 18:35 PM

Bonded warehouse licence tenure extended to 3 years

The National Board of Revenue (NBR) has extended the tenure of licences for bonded warehouses to three years from two years to cut the time and cost for exporters.
30 January 2024, 16:40 PM

Beximco suffers massive 64% sales drop in H1

Its profit decreased by 99.6% year-on-year to Tk 2 crore
30 January 2024, 15:36 PM

Cash incentive lowered for exporters to prepare for post-LDC era

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down rates gradually since the country can’t provide such subsidies once it becomes a developing nation. 
30 January 2024, 15:13 PM

Global buyers yet to raise rates as promised after RMG wage hike

A survey conducted by BGMEA election’s opposition group Forum panel finds
30 January 2024, 14:51 PM

Olympic Industries to buy 54 plots in Purbachal

The Tk 8.91 crore worth of plots are located inside Purbachal Probashi Palli project
30 January 2024, 13:18 PM

'Solar to be cheapest option for Bangladesh by next year': experts

While the world is moving towards renewable energy as it is much more environmentally-friendly than fossil fuel-based power plants and requires no additional fuel costs, Bangladesh is moving at a snail’s pace in this regard, said two researchers of BloombergNEF.
29 January 2024, 18:00 PM

Singer Bangladesh’s profit rises 615%

The company sold Tk 1,700 crore goods in 2023, declared 35% cash dividend
29 January 2024, 14:00 PM

Padma Oil’s profit drops 18%, but Meghna posts 8.6% rise in Q2

However, both of the state-owned oil marketer made profits in Jul-Dec period
29 January 2024, 12:16 PM

Pran’s AMCL profit falls 10% in Q2 

Pran posted a 10 percent year-on-year decrease in profit to Tk 1.38 crore in the October-December quarter of the current financial year
29 January 2024, 10:03 AM

QatarEnergy, Excelerate sign 15-year deal to supply LNG to Bangladesh

 QatarEnergy and Excelerate have signed an agreement to supply LNG to Bangladesh. 
29 January 2024, 09:32 AM

Samorita Hospital’s profit falls 64% in second quarter

Samorita Hospital Ltd, the sole listed private hospital in Bangladesh, saw its profit decrease in the October-December quarter
29 January 2024, 06:46 AM

DSE, Prime Bank Investment sign deal to share data on Shariah index

Prime Bank Investment Ltd (PBIL) has signed an agreement with the Dhaka Stock Exchange (DSE) for sharing data on the shariah-compliant index of the country's premier bourse.
28 January 2024, 15:50 PM

China keen to import more from Bangladesh: envoy

Chinese Ambassador Wen Yao meets Foreign Minister Hasan Mahmud
28 January 2024, 14:48 PM

BBS Cables posts Tk 2.5 crore profit in Q2

BBS Cables Limited registered a 33 percent year-on-year increase in profit to Tk 2.5 crore in the October-December period of the ongoing financial year
28 January 2024, 11:48 AM

Dhaka bourse’s key index falls to 18-month low

The DSEX closed at 6,079, lowest since July 28 in 2022
28 January 2024, 09:37 AM