Pran to invest Tk 200cr to boost plastic output, exports

In a step towards expanding Bangladesh's export market, Pran-RFL Group, one of Bangladesh's leading conglomerates, signed an agreement with China's Haitian Group to enhance its production capacity and boost exports of household plastic goods through a Tk 200 crore project.
2 March 2025, 18:00 PM

Brac, EU launch SHIKHA Project to combat gender-based violence

Brac, an international development organisation in Bangladesh, and the European Union recently launched an initiative, titled the “SHIKHA Project,” at a function held at the Renaissance Hotel in Dhaka.
2 March 2025, 18:00 PM

Gold set to record worst week in three months

Gold prices fell over 1 percent on Friday as the dollar held close to two-week highs after US inflation data came in line with expectations, suggesting the Federal Reserve may adopt a cautious stance on additional rate cuts.
2 March 2025, 18:00 PM

SoftBank in talks to borrow $16b to fund AI

SoftBank Group CEO Masayoshi Son plans to borrow $16 billion to invest in AI, the company’s executives told banks last week, The Information tech news website reported on Saturday, citing people familiar with the matter.
2 March 2025, 18:00 PM

Number of mobile subscribers drops

The number of mobile subscribers dropped by 12 lakh to 18.75 crore in December last year, marking the sixth consecutive month of decline, according to the latest data from the Bangladesh Telecommunication Regulatory Commission (BTRC).
2 March 2025, 18:00 PM

Trump orders new tariff probe into US lumber imports

US President Donald Trump on Saturday ordered a new trade investigation that could heap more tariffs on imported lumber, adding to existing duties on Canadian softwood lumber and 25 percent tariffs on all Canadian and Mexican goods due next week.
2 March 2025, 18:00 PM

BTRC renews efforts to block unauthorised mobile phones

In line with demands from stakeholders, the Bangladesh Telecommunication Regulatory Commission (BTRC) recently reversed its decision to award a contract for the maintenance of the National Equipment Identity Register (NEIR) system through the direct purchase method and instead opted for an open tender process.
2 March 2025, 18:00 PM

Govt borrowing from non-bank sources surges

The government’s borrowing from domestic sources surged in the first half of FY25, primarily driven by a substantial increase in the issuance of special bonds, particularly those issued to clear arrears to electricity and fertiliser producers, as well as treasury bills (T-bills) and bonds targeting institutional and individual investors.
2 March 2025, 18:00 PM

Budget spending jumps amid rising interest payments

Overall budget expenditure jumped nearly 25 percent year-on-year in the first five months of the current fiscal year, driven by soaring interest payments and subsidies despite lower development spending.
2 March 2025, 18:00 PM

BSCIC calls for tighter monitoring of imported salt use

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has called for stricter monitoring to ensure the proper utilisation of imported industrial salt in order to protect the interests of local salt producers.
2 March 2025, 18:00 PM

Record February: remittances climb 25% to $2.52b

Remittances have become a much-anticipated relief for the economy reeling under macroeconomic stress, growing steadily since August last year and providing the interim government with a breather amid a rapid erosion of foreign exchange reserves.
2 March 2025, 18:00 PM

UCB earns over Tk 1,300cr in deposits in 20 days of February

United Commercial Bank (UCB) PLC has recorded a remarkable net deposit growth exceeding Tk 1,332 crore in February 2025.
2 March 2025, 18:00 PM

Social Islami Bank organises agent banking conference

Social Islami Bank PLC organised its “Agent Banking Conference 2025” at the bank’s head office in Dhaka recently.
2 March 2025, 18:00 PM

BRAC Bank expands global remittance network with new partners

BRAC Bank has bolstered its international remittance network through strategic partnerships with six prominent exchange houses in the UK, Canada, Italy, the UAE, Oman, and Qatar.
2 March 2025, 18:00 PM

Mercantile Bank holds Town Hall Meeting in Sylhet

Mercantile Bank PLC recently held a “Town Hall Meeting” at the Grand Sylhet Hotel and Resort in Sylhet.
2 March 2025, 18:00 PM

Bank Asia holds Annual Business Meet-2025

Bank Asia PLC recently organised its “Annual Business Meet 2025” at the Palace Luxury Resorts in Sylhet.
2 March 2025, 18:00 PM

Adani Group revives US investment plans

India’s Adani Group has revived plans for major infrastructure investments in the US, where the group’s founder has been charged with bribery, the Financial Times reported on Sunday.
2 March 2025, 18:00 PM
2 March 2025, 10:56 AM

Remittance inflow rises 25% in February

Migrants sent home $2.52 billion in February
2 March 2025, 10:48 AM

Intraco Refueling to cease CNG station operation from March

The company will transfer all Intraco Automobiles investments to its Bhola non-pipe gas unit
2 March 2025, 07:24 AM