The Insurance Development and Regulatory Authority (Idra) has declared fines amounting to Tk 37 lakh on six insurance companies for breaching rules..Through these penalties, the watchdog of Bangladesh’s insurance industry aims to encourage better regulatory compliance and transparency amon

The country’s ceramic industry is facing a severe crisis due to an ongoing gas shortage and the recent imposition of supplementary duty (SD) on the sale of ceramic tiles and sanitary ware, according to industry leaders.

The dollar surged on Monday, pushing its Canadian counterpart and Mexican peso to multi-year lows while China’s yuan slumped to a record trough in offshore trade after US President Donald Trump’s sweeping tariffs kicked off a trade war.

Japan’s SoftBank Group will form a joint venture with US tech giant OpenAI to offer advanced artificial intelligence to businesses, the two companies announced on Monday.

The tariffs imposed Saturday by President Donald Trump on products from the US’s three leading trading partners are without recent precedent, sparking a trade war with powerful repercussions for all involved.

After a record high output in 2023, the country’s tea production declined last year because of unfavourable weather conditions and tea estates opting for quality improvement to secure better rates.

The country’s merchandise exports increased by 5.7 percent year-on-year in January, driven by higher shipments of Bangladesh’s key export item, readymade garments.

Importers have announced a two-day suspension of fruit clearance from all ports, including Chattogram port, until Wednesday, demanding the withdrawal of increased value-added tax (VAT) and duties on fruit imports..Junaidul Haque, publicity secretary of Chattogram Fruit Traders Association,

The UAE, Singapore-owned entity will manufacture machinery for tobacco processing

The country shipped $4.43 billion worth of merchandise in January

A grant agreement and exchange of notes were signed today between the governments of Bangladesh and Japan

Further gas price hikes and supply disruptions threaten the industry’s survival, the leaders said at a press conference at Dhaka Reporters Unity in the capital today.    

DSEX gained 31.68 points as of 11:28 am  

The Dhaka Electric Supply Company (Desco) saw its earnings increase in the second quarter of the 2024-25 fiscal year, a sharp reversal from the losses it made in the same period the previous year.

Olympic Industries Ltd, a leading biscuit manufacturer, announced yesterday that it has decided to purchase land worth Tk 17.03 crore in various locations in Sonargaon, Narayanganj, for future expansion.

Square Textiles reported a 53 percent year-on-year growth in profit for the second quarter of the 2024-25 fiscal year, driven by increased yarn production.

ACI Ltd is expanding its footprint in the pharmaceutical industry, as it announced the opening of a new subsidiary yesterday to capitalise on the growing demand for high-quality herbal medicine in Bangladesh.

Crown Cement's profit fell in the second quarter of the 2024-25 fiscal year despite registering higher revenue. 

Economists, student leaders, and trade representatives have accused local big businesses with close ties to the previous government of engaging in price gouging of essential items over the past 15 years.

Bangladesh’s paddy production is estimated to have declined in 2024 from the previous year, largely due to output losses caused by recurrent floods and Cyclone Remal in late July.