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

Renata approves Tk 325 crore preference shares

The shares are issued to refinance existing loans 
24 November 2024, 06:45 AM

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

Bangladeshis spend $4b annually for healthcare abroad

DCCI Senior Vice President Malik Talha Ismail Bari says in a seminar on outbound healthcare tourism
23 November 2024, 14:28 PM

Navana Pharmaceuticals posts 12% profit growth in Q1 

Strong sales drive the rise in profit
23 November 2024, 10:03 AM

Medicine prices may spike for sectoral challenges, not for LDC graduation: study

The Research and Policy Integration for Development (RAPID) conducted the study
23 November 2024, 09:28 AM

Address policy challenges for more UK trade: HSBC study

Bangladesh faces challenges related to regulatory and policy environments, including complex tariffs, intellectual property protection and inadequate logistics infrastructure, which are bottlenecks to diversifying exports to the UK, according to an HSBC study..Addressing these issues throu
21 November 2024, 18:00 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

Monno Ceramic’s profit plunges 89% in Q1

Monno Ceramic Industries Ltd, one of the leading ceramic tableware manufacturers of the country, saw its profit drop significantly year-on-year in the first quarter of the current fiscal year.
20 November 2024, 22:10 PM

Doreen Power posts 17% drop in profit

Doreen Power Generations and Systems has witnessed a year-on-year drop in its profit in the first quarter of the current fiscal year, reasoning that its power plants had been shut down and costs had soared.
20 November 2024, 21:04 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

GPH Ispat rebounds to profit in Q1 

GPH Ispat’s revenue increased by 5 percent year-on-year to Tk 1,135.70 crore. 
19 November 2024, 11:05 AM

Walton inks deal with Sri Lankan firm for market expansion

Walton Hi-Tech Industries has inked a deal with Monik Trading Private Ltd, a Sri Lankan company, to develop joint brands and expand market reach.
18 November 2024, 20:25 PM

Khulna Power’s Q1 profit declines 72%  

Profit of the power producer plunged 72 percent to Tk 1.76 crore in the July-September quarter. 
18 November 2024, 19:23 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