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

Despite growing interest in digital services, Bangladesh’s digital business environment remains underdeveloped compared to peer nations, largely due to a lack of reliable data and research, experts said yesterday.

Amid cautious spending by the interim government and disruptions due to political turmoil, the implementation rate of the annual development programme (ADP) in the current fiscal year’s first quarter hit the lowest in at least 15 years.

The Bangladesh Economic Zones Authority (Beza) is considering utilising unused land to establish solar power parks at the Mirsharai Economic Zone in Chattogram, the largest industrial enclave in the country.

Stocks in Bangladesh plummeted to a four-year low yesterday, just a day after the stock market regulator formed an inquiry committee to investigate the reasons behind the market’s sharp decline.

Khulna Power Company Ltd (KPCL) has decided to shut down its 115-megawatt unit in Khulna and 40-megawatt unit in Jashore, citing uncertainty over its power purchase agreements (PPAs) with the Bangladesh Power Development Board (BPDB).

Low growth, high debt and escalating wars topped the official agenda at the International Monetary Fund and World Bank annual meetings, but finance leaders spent much of their energy worrying about the potential impacts of a return of Donald Trump to power in November’s US presidential election.

Chief Adviser Dr Muhammad Yunus has called on Saudi Arabia to increase its investment in Bangladesh, highlighting the potential for deeper energy and economic ties between the two friendly nations.

Chief Adviser Dr Muhammad Yunus announced new measures to simplify income tax filing in Bangladesh, addressing both individual taxpayers and corporate employees on his official Facebook page yesterday.

Tanveer Mohammad’s appointment comes into effect on November 1 this year

He will remain in the post until the end of the 2023-24 term on April 8 next year

It is the lowest expansion in the four quarters of 2023-24 fiscal year

The bank also made a profit of Tk  49.80 crore in the January to September period, posting a 16 percent increase year-on-year

The decline in NOCFPS was primarily due to increased investments in customers and a fall in deposits

Despite negotiations with BPDB, no formal PPA have been executed, said KPCL in a disclosure on the website of the Dhaka Stock Exchange today

The investors claimed that the BSEC chairman had failed to prevent the market's downturn.

Taxpayers in Dhaka, Narayanganj, and Gazipur -- including government employees, scheduled bank workers, telecom employees, and officials from several multinational firms -- will now be required to file their returns online under the new initiative, he said.

The benchmark index, DSEX, shed 24.13 points or 0.48 percent to 4941.26 points as of 11:06 am today

A female garment worker succumbed to her injuries at Dhaka Medical College Hospital yesterday after being injured allegedly from police firing during a recent protest demanding arrears in Ashulia

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