Social Islami Bank fires 579 probationary officers appointed by S Alam

Crisis-hit Social Islami Bank has terminated 579 probationary officers who were allegedly appointed illegally by Chattogram-based conglomerate S Alam group..The human resource department of the Shariah-based lender sent letters to the 579 officers on Thursday, informing them that their ser
31 October 2024, 16:09 PM

US secret service to train Bangladeshi agencies

60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
31 October 2024, 14:55 PM

Completely lift import duty on onion: BTTC

In the face of rising prices of onions, the Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government allow zero-duty entry of the kitchen staple to cut import costs and stabilise domestic prices. .Prices of the bulb surged to as high as Tk 150 per kilogramme earlie
31 October 2024, 14:48 PM

Economy is making a turnaround: finance adviser

Business leaders appreciate the steps taken for the domestic industry
31 October 2024, 13:34 PM

Bata Bangladesh reports Q3 loss but declares 340% interim cash dividend

Limited retail operations during the period hampered its sales and profitability
31 October 2024, 07:25 AM

Govt won't allow shortage of essentials: Salehuddin

The interim government will see to it that there is no shortage of any essential commodity even though there are financial constraints, said Finance Adviser Salehuddin Ahmed yesterday..“We have been repeatedly saying that we will not allow people to suffer for a shortage of essential commo
30 October 2024, 18:24 PM

Govt to go for wider reforms to fix economy: Lutfey Siddiqi

The government will bring structural reforms in all areas as required to mend the economy and create an investment climate, according to Lutfey Siddiqi, the chief adviser’s special envoy on international affairs..“We want to create a pro-business climate through discussions with businessme
30 October 2024, 18:00 PM

Robi Axiata’s profit rises 78% in Q3

The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year
30 October 2024, 13:23 PM

Stocks rise a massive 2.94%

The market gained for the second day straight
30 October 2024, 12:28 PM

BAT Bangladesh sees 2% drop in profit

It declared a 150% cash dividend for the Jan-Sep period 
30 October 2024, 06:53 AM

Stocks rebound after falling to 4-year low

Indices of Dhaka Stock Exchange (DSE) bounced back strongly yesterday on plummeting to a four-year low on the previous day as investors cautiously traded select shares to pocket short-term gains amidst price movements..A Dhaka-based investor said a section of investors went on to buy selec
29 October 2024, 15:39 PM

BRAC Bank’s profit surged 69% on strong investment, fee income

Its July-September profit was Tk 419.62 crore 
29 October 2024, 06:31 AM

Beximco Pharma posts Tk 586 crore profit in FY24

It recommended 40% cash dividend, highest in 8 years
29 October 2024, 06:06 AM

Pran to reopen two state textile mills under PPP

Two factories of state-owned Bangladesh Textile Mills Corporation (BTMC) are being reopened after 27 years through a private-public partnership (PPP) with Pran-RFL Group..RR Textile Mills in Sitakunda and Rajshahi Textile Mills will be relaunched after being renamed Chittagong RR Textiles
28 October 2024, 18:05 PM

Bangladesh’s GDP growth slows to 3.91% in Apr-Jun quarter

It is the lowest expansion in the four quarters of 2023-24 fiscal year
28 October 2024, 11:37 AM

Khulna Power shuts down plants for deal uncertainty

Despite negotiations with BPDB, no formal PPA have been executed, said KPCL in a disclosure on the website of the Dhaka Stock Exchange today
28 October 2024, 08:13 AM

Number of mobile internet users dropped in August

The number of mobile internet subscribers in Bangladesh dropped by nearly one crore to 12.69 crore in August, marking the second consecutive month of decline..Shahed Alam, chief corporate and regulatory officer at Robi, said customers have been discontinuing the use of secondary SIMs ever
27 October 2024, 18:00 PM

Edible oil prices rise in spite of VAT cut

Consumers in Bangladesh saw no drop in soybean and palm oil prices over the past week even though the National Board of Revenue (NBR) has reduced an import VAT from 15 percent to 10 percent.
27 October 2024, 15:35 PM

Enquiry panel to find reasons for stock market downtrend

The four-member committee will submit a report in 10 workdays
27 October 2024, 14:52 PM

RAK Ceramics incurs Tk 14 crore loss in Q3 

Sales suffered due to political disruptions during the third quarter
27 October 2024, 06:36 AM