Grameenphone reported a decline in its revenue in the July-September quarter of 2024 while its profit grew marginally due to political turmoil and floods in the eastern part of the country.

The Bangladesh Telecommunication Regulatory Commission (BTRC) has drafted guidelines for satellite internet service operators, permitting wholly owned foreign companies to obtain licences -- paving the way for Elon Musk’s Starlink and similar companies to enter Bangladesh.

Smooth logistics, banking services and security for industries are a must to ensure a revival of economic activities that have been disrupted following the mass uprising that toppled the previous government.

Gold prices lingered near record highs on Tuesday, supported by uncertainty surrounding the upcoming US presidential election, while investors awaited data for clues on the Federal Reserve’s interest rate trajectory.

Geopolitical conflicts and uncertainty about the trade policies of major economies are among the biggest risks for India’s economy, the government’s monthly economic report, opens new tab said on Monday, maintaining the current growth forecast.

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

Stabilise forex reserves, manage inflation to overcome, it said

However, operational efficiency and rise in net finance income softened the impact

Its July-September profit was Tk 419.62 crore 

It recommended 40% cash dividend, highest in 8 years

DSEX gained 52.87 points in the first hour 

Bangladesh recorded its lowest economic growth in the past five quarters in the last quarter of fiscal 2023-24 due to contractionary monetary and fiscal policies to tackle the dwindling forex reserves and high inflation.

A “staffer of S Alam Group” took out Tk 118 crore from Union Bank without any approval or following any banking norms, indicating how the controversial business conglomerate used the bank.

Bangladesh Bank Governor Ahsan H Mansur has accused tycoons linked to the toppled Sheikh Hasina regime of working with members of the country’s powerful military intelligence agency to siphon $17 billion out of the banking sector during her rule.

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).