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Renata’s profit rises 55% to Tk 362 crore

The company announced a cash dividend of 92%, up from the previous year’s 62.5%
28 September 2024, 11:08 AM

Higher policy rates may hamper investment and job creation: DCCI

"The government is gradually raising interest rates to curb inflation. This strategy may succeed in the short term, it should not be sustained over the long term," said Ashraf Ahmed, president of the DCCI.
28 September 2024, 09:46 AM

22 factories closed amid workers' protests in Ashulia

Protesters took to the streets demanding reopening of closed factories, withdrawal of cases and a salary hike
28 September 2024, 09:36 AM

Internet to be disrupted for 4 hours early tomorrow 

The installation is scheduled by the consortium of the SEA-ME-WE 5 from 2 am to 6 am on September 29
28 September 2024, 07:20 AM

Stocks fall sharply after 27 firms listed to Z category

Stock markets in Bangladesh fell sharply yesterday as investors went on a spree selling shares of 27 firms which were downgraded to the Z or junk category by Dhaka Stock Exchange (DSE)..The DSE downgraded the 27 businesses on Wednesday for violating securities laws by failing to properly p
26 September 2024, 18:00 PM

Apparel exporters go into overdrive to meet deadlines

Garment exporters have gone into manufacturing overdrive to recover from continual production disruptions over the past three months due to nationwide protests and curfews, the fallout from the ouster of the previous government, and the recent spell of labour unrest at major industrial belts.
26 September 2024, 18:00 PM

Interest payments surpass Tk 100,000cr for first time

The government’s interest payments against foreign loans surged 24.5 percent in fiscal year 2023-24, exceeding the Tk 100,000 crore mark for the first time in history, thanks to higher borrowing costs for loans from both domestic and foreign sources.
26 September 2024, 18:00 PM

Sri Lanka to restart talks with IMF soon

Sri Lanka’s new president called on Wednesday for restarting talks with the IMF “immediately” over a $2.9 billion bailout that threw a lifeline to his bankrupt country but imposed painful austerity.
26 September 2024, 18:00 PM

IMF mission inquires about slow growth of revenue receipts

The fact-finding mission from the International Monetary Fund (IMF) inquired about the slow growth of direct tax collection under the National Board of Revenue (NBR).
26 September 2024, 18:00 PM

Automobile sales drop amid economic downturn, political jitters

Automobile sales have dropped substantially since July this year amidst the economic downturn and political turmoil, denting any hopes of recovering from last year’s slump, according to market insiders.
26 September 2024, 18:00 PM

Six in ten low-income households struggle to meet nutritional needs

Around 38 percent of low-income households in Bangladesh were food insecure in August as essential commodity prices only dropped slightly after the interim government took office on August 8, according to the World Food Programme (WFP).
26 September 2024, 18:00 PM

Dhaka Int'l Trade Fair to begin on Jan 1

The 29th edition of the DITF will take place at Bangladesh-China Friendship Exhibition Centre in Purbachal
26 September 2024, 15:33 PM

34,000 tax returns filed online in 2 weeks

The portal reopened on September 9
26 September 2024, 15:13 PM

Taskforce on economic strategy to prepare short-term plans

KAS Murshid, chair of the Taskforce on Economic Strategy Redesign, says in its first meeting today
26 September 2024, 14:53 PM

Panel formed to investigate share discrepancy in Rahima Food Corporation

The three-member panel formed by the BSEC was asked to submit report in 15 days
26 September 2024, 12:39 PM

Indian potato import through Hili resumes after a break of 77 days

Two trucks brought in 47 tonnes of potatoes on September 25
26 September 2024, 12:09 PM

49 firms allowed to export hilsa to India

The Ministry of Commerce yesterday issued a circular allowing 49 businesses to each export 50 tonnes of hilsa to India marking the upcoming Durga Puja scheduled to begin on October 9.
25 September 2024, 21:24 PM

Use ACU mechanisms for paying members’ banks: BB

Bangladesh Bank yesterday instructed banks to refrain from traditional mechanisms of making direct payments to lenders in countries which are members of Asian Clearing Union (ACU)..Banks would have to instead adhere to the ACU mechanism of conducting transactions through central banks when
25 September 2024, 18:00 PM

Healthy banks asked to help ailing lenders

Bangladesh Bank (BB) has asked sound banks with excess liquidity to lend to crisis-hit banks facing severe liquidity shortages, in the best interests of the country’s banking sector.
25 September 2024, 18:00 PM

DSE downgrades 27 stocks

The Dhaka Stock Exchange yesterday decided to downgrade 27 companies to the Z or junk category for failing to properly pay dividends to shareholders in the last two years.
25 September 2024, 18:00 PM