IMF didn’t raise floor price issue in today’s meeting: BSEC

A rumour was going on that the International Monetary Fund (IMF) may ask the stockmarket regulator to lift the floor price as a condition of a new $4.5 billion loan, but the lender did not raise the issue in a meeting with the BSEC today.
7 November 2022, 11:22 AM

Apex Foods clocks nearly 200% higher profit in July-September

Apex Foods Limited clocked nearly 200 per cent higher profit in July-September on the back of efficient operation and cost cuts.
7 November 2022, 10:25 AM

Western Marine incurs losses for second straight year

Western Marine Shipyard Limited posted losses in the financial year that ended on June 30.
7 November 2022, 10:11 AM

LIVE UPDATE: ‘Make dollar exchange rate free for Bangladesh’

The exchange rate of dollar needs to be freed to make the garment business profitable at this crisis time, said a top leader of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) today.
7 November 2022, 07:38 AM

LIVE UPDATE: ‘Complacency responsible for falling forex reserve’

"Complacency has brought us to the current forex reserve situation,” said Salehuddin Ahmed, former governor of the Bangladesh Bank.
7 November 2022, 07:00 AM

LIVE UPDATE: Come up with strategy now to stop depletion of forex reserves: Ahsan H Mansur

The government should come up with a clear strategy to stop fast depletion of the foreign currency reserves in a bid to save the country from a major crisis, said a noted economist today.
7 November 2022, 06:22 AM

LIVE UPDATE: Only external factors not responsible for Bangladesh’s economic volatility: Debapriya

The external factors are not only responsible for Bangladesh’s present economic volatility, rather there are some issues which remained unattended for a long time such as low revenue collection, absence of quality public expenditure and the non-performing loans, said noted economist Debapriya Bhattacharya today.
7 November 2022, 06:10 AM

FBCCI, USDA team up to share agricultural information

Bangladesh has barely tapped its potential in the global market for agricultural and agro-processed products as the country does not have an international certification system, according to Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
6 November 2022, 15:35 PM

BGMEA, German university to work on technical garment production skills

The Technical University of Dresden (TUD), a leading German institution, will work to help the local manpower to improve skills in technical garment production in Bangladesh.
6 November 2022, 15:25 PM

New benchmarking system launched for quality telecom services

The telecom regulator today launched a new benchmarking system to ensure standard voice and internet services for the customers.
6 November 2022, 15:11 PM

Banks withdraw service charge on remittance

Banks in Bangladesh today decided to withdraw service charge on remittances sent home by expatriate Bangladeshis with a view to gearing up the inflow.
6 November 2022, 14:46 PM

‘Ban on GP SIM counterproductive for nation’s digitalisation agenda’

Grameenphone said the telecom regulator’s ban on sales of SIM of the leading telecom operator is counterproductive for the nation’s digitalisation agenda and against the principle of customers’ freedom of choice.
6 November 2022, 14:24 PM

Associated Oxygen to issue Tk 250cr bond to expand

Associated Oxygen Limited has decided to issue a convertible bond worth Tk 250 crore for its business expansion.
6 November 2022, 10:22 AM

Govt working to stop commodity market manipulators: Munshi

A section of unscrupulous traders has been trying to make the basic commodity market unstable by creating a syndicate when the international prices of essentials went up, Commerce Minister Tipu Munshi said today.
5 November 2022, 14:35 PM

Users failing to get access to Nagad app accounts

The users of mobile financial service provider Nagad today said they failed to get access to their Nagad account through the app.
5 November 2022, 14:08 PM

Barishal people facing mobile internet disruption since 10am

Mobile phone users in Barishal City Corporation have claimed that they are facing disruption in getting internet services since 10am today where a rally of Bangladesh Nationalist Party kicked off at 11am.
5 November 2022, 13:46 PM

Rainbow Paints launches spray paint for Tk 600 crore local market

RFL Group today launched Rainbow Spray Paint to grab a pie of the Tk 600 crore local market and cut the country’s import dependency for the product.
5 November 2022, 13:25 PM

New local carrier Air Astra to start operation in Nov

Air Astra will start operation in November as the new private Bangladeshi airline received the go-ahead from the Civil Aviation Authority of Bangladesh (CAAB) today.
3 November 2022, 12:50 PM

Dhaka bourse’s turnover crosses Tk 1,500 crore

Turnover at the Dhaka bourse crossed Tk 1,500 crore today after a month as optimistic investors were in a buying mood.
3 November 2022, 12:24 PM

Banglalink clocks 11.6% revenue growth in Q3

Banglalink’s revenue rose 11.6 per cent year-on-year to Tk 1,379.5 crore in the third quarter of 2022, on the back of data revenue.
3 November 2022, 10:05 AM