Reckitt Benckiser revenue down 3pc

Reckitt Benckiser (Bangladesh), whose brands include Dettol, Mortein and Harpic, witnessed a drop in revenue of around 3 percent year-on-year in the last January-March period, citing that it was due to a drop in sales.
25 April 2024, 15:31 PM

Islami Bank to issue Tk 1,000 crore bond to strengthen capital

Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.
25 April 2024, 14:30 PM

Central bank restricts journalists’ access to its offices, drawing criticism

In a rare move, the Bangladesh Bank has restricted the entry of journalists to its offices for the first time in its history, prompting a group of journalists to protest.
25 April 2024, 14:00 PM

Bata Bangladesh recommends highest-ever dividend despite profit decline 

Bata Shoe Company (Bangladesh) Ltd’s profit dropped 2 percent year-on-year to Tk 40.09 crore in 2023, yet it recommended its highest-ever cash dividend
25 April 2024, 08:54 AM

Islami Bank Bangladesh’s full-year profit rises to Tk 635 crore, highest since 2019

Islami Bank Bangladesh recorded a profit of Tk 635.33 crore in 2023, the highest since 2019
25 April 2024, 06:27 AM

Many tech startups to collapse if tax exemption goes: experts

The income tax exemption period for the software and information technology services sector is set to expire in June of this year.
25 April 2024, 00:57 AM

IMF calls for smaller budget amid low revenue receipts

The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June, should be smaller than the projection, citing a low revenue collection, according to a number of finance ministry officials who attended the meeting.
25 April 2024, 00:57 AM

BSEC narrows circuit breaker limit to halt panic selling

The BSEC issued an order recalibrating the circuit breaker, saying that stocks of listed companies would not be allowed to fall more than 3 percent based on the previous day's closing price.
25 April 2024, 00:57 AM

Bay Terminal may draw $8b FDI

The Bay Terminal project’s two container terminals, a multipurpose terminal and an oil and gas terminal will all be implemented wholly with FDI, said the CPA chairman.
25 April 2024, 00:57 AM

EU's new supply chain law to improve labour conditions in Bangladesh

The Parliament’s vote came on the 11th anniversary of the tragic collapse of the Rana Plaza building, which killed 1,138 garment workers and injured more than 2,000 others.
25 April 2024, 00:01 AM

Grameenphone’s profit grows to Tk 1,338 crore in Q1

Grameenphone’s profit grows to Tk 1,338 crore in Q1
24 April 2024, 19:14 PM

SOS from SMEs

Micro, small, and medium enterprises (MSMEs), thanks to their entrepreneurial spirit and agility, have emerged as the heart of the growing economy of Bangladesh and the backbone of the financial ecosystem.
24 April 2024, 18:01 PM

Singer incurs losses in Q1

The home appliance maker counted a loss of Tk 2.1 crore in Jan-Mar quarter
24 April 2024, 15:58 PM

Small businesses, daily earners scorched by heatwave

After parking his motorcycle and removing his helmet, a young biker opened a red umbrella and stood on the footpath.
24 April 2024, 15:30 PM

Heidelberg Bangladesh’s sales drop, but profit rises

The company gives credit to fall in administration, distribution costs and selling expenses
24 April 2024, 15:01 PM

Stocks can fall up to 3% a day

The stock market regulator today narrowed the scope for individual stocks to fall in a trading day in an effort to halt panic selling and slow down the fall of the index.
24 April 2024, 13:26 PM

Mohammad Abu Jafar, new managing director of Premier Bank

He has 34 years of experience in banking
24 April 2024, 12:10 PM

Dhaka stocks slip for 2nd consecutive day

The benchmark index of the Dhaka Stock Exchange (DSE) kept falling for the second consecutive day today.
24 April 2024, 11:12 AM

Matin Spinning’s Q3 profit soars 790% to Tk 9.5 crore 

Matin Spinning Mills’ profit jumped 790 percent year-on-year to Tk 9.55 crore in the January-March quarter.
24 April 2024, 05:52 AM

Farmers expand oilseed production as import costs rise

Bangladesh’s expenditure on importing edible oil and oilseeds is increasing to meet growing demand for cooking oil for growing population and income.
24 April 2024, 03:00 AM