Apex Footwear Ltd reported a 29 percent year-on-year increase in profit to Tk 1.63 crore in the January-March quarter of the current financial year

It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.

The central bank directive came during a meeting between BB Governor Abdur Rouf Talukder and the managing directors of five leading private commercial banks on Sunday.

From last July to April 22 this year, government loans from commercial banks amounted to Tk 65,432 crore, according to Bangladesh Bank. In the same 10 months or so of fiscal year 2022-23, it was only Tk 5,334 crore.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 97 points, or 1.76 percent, from that on the day before to reach 5,615.

However, although ACs provide a much-needed respite from the heat, the home appliance also draws a lot of power, leading to higher electricity bills and putting a further strain on people who are already suffering due to heightened inflation.

Potatoes are at least 50 percent costlier than a year ago owing to lower production, tight supply, and the profiteering tendency among a section of people in the supply chain, dealing a blow to the consumers already reeling under higher inflation.

The Department of Inspection for Factories and Establishments (DIFE) has formed “safety committees” in 7,367 establishments as of February 2024, said State Minister for Labour and Employment Md Nazrul Islam Chowdhury yesterday.

Garment exporters are fed up with being harassed by VAT and customs officials, who have been imposing abnormal fines alleging a lack of documents, said an exporter yesterday.

Wearing white clothes in the heat provides comfort and white umbrellas can protect the traffic police from sunlight. Why, then, would painting the roofs of buildings white not provide similar benefits?

Trust Bank has registered a massive 45.74 percent year-on-year rise in profit in 2023.

National Bank officials do not want the bank to merge with another entity.

The products belong to five categories

Bangladesh Bank today sat with five leading private commercial banks

The Department of Inspection for Factories and Establishments gave the awards

It made a loss of Tk 1,497 crore in 2023, down from Tk 3,285 crore in 2022

The government spent Tk 246,583 crore in July-January of 2023-24 out of the total budget of Tk 761,785 crore for the entire fiscal year, figures from the finance ministry showed. The outlay under interest payments and subsidies was Tk 88,226 crore, which was 36 percent of the allocation.

In a recent internal meeting, Bangladesh Telecommunication Regulatory Commission (BTRC) approved the formulation of the committee comprising officials of its different divisions to prepare the guideline for internet services through non-geostationary satellite orbit (NGSO) satellites.

In fact, the reactions of the associated bankers and directors, circumstances centring the meetings where the decisions were taken alongside protests in one case confirmed that these had been decided by the government and relayed through the central bank.

The government will present a “Green Factory Award-2023” to 29 companies from 12 sectors today recognising their role in enhancing productivity through the use of skilled workforce and eco-friendly technology in safe environments.