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Economy
Ibn Sina Pharma posts 44% rise in Q3 profit
Ibn Sina Pharmaceutical Industry PLC’s profit jump 44 percent year-on-year to Tk 13.46 crore in the January-March period of 2023-24 fiscal year.
21 April 2024, 10:38 AM
Fair showcases commercial viability of exotic livestock
Ending last Friday, the fair showcased over 3,000 animals and birds, many of which were also on sale
21 April 2024, 04:55 AM
Higher debt to put strain on Bangladesh as revenue remains low
In the last decade, the debt-to-GDP ratio rose by 13 percentage points. The IMF forecasts that the ratio will reach 43.5 percent in 2028-29.
21 April 2024, 00:56 AM
Airlines against move to adjust jet fuel price under new BPC formula
As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.
21 April 2024, 00:53 AM
Edible oil market now controlled by big four
Data from the National Board of Revenue (NBR) shows that nearly 25.7 lakh tonnes of soybean and palm oil were imported in 2023, with the four companies accounting for 80 percent of the total amount.
21 April 2024, 00:52 AM
Migrant workers stare into uncertainty as global crises deepen
Moreover, further setbacks are posed by Malaysia's decision to freeze new foreign worker recruitment in March as well as Oman suspending the issuance of visas to Bangladeshi citizens at the end of 2023 due to an oversupply of workers from the South Asian nation.
21 April 2024, 00:52 AM
Basic, National Bank Mergers: People withdrawing money in panic
A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.
20 April 2024, 18:00 PM
Pubali Bank posts highest ever annual profit in 2023
The bank made Tk 695.12 crore, a 30% rise year-on-year
20 April 2024, 15:15 PM
Jewellers cut gold prices by Tk 840 a bhori
From today, each bhori of 22-carat gold will cost Tk 118,798
20 April 2024, 13:34 PM
Submarine cable breakdown disrupts Bangladesh internet
It will take at least 2 to 3 days to resume the connection
20 April 2024, 05:32 AM
Stocks sink, oil jumps after Israeli attack on Iran
Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults
19 April 2024, 06:00 AM
Bank Asia moves a step closer to Bank Alfalah acquisition
A day earlier, Karachi-based Bank Alfalah disclosed the information on the Pakistan Stock exchange.
19 April 2024, 05:44 AM
MGI expands ceramic tiles production with $45m investment
Of the investment, $19 million came from its own pockets whereas $26 million in the form of a syndicated loan, which was released recently, he said.
19 April 2024, 00:54 AM
IMF’s 3rd loan tranche on track despite repeated failure to hit reserve goal
The minimum net international reserves (NIR) will also remain below the threshold when an IMF mission visits Dhaka next week to review the progress of the programme before releasing around $681 million in the third tranche in May.
19 April 2024, 00:54 AM
Stocks slip below 5,700 points after 35 months
The market dropped as investors panicked seeing the continuous fall of market indices, said a top official of a leading stock brokerage.
19 April 2024, 00:54 AM
Levi's now in Dhaka
The 2,270 square feet store on Banani Road 11 opened on April 1, aiming to draw the rising middle-income population with an assortment of imported denim jeans, t-shirts, polo shirts, and formal and casual woven shirts for men and women.
19 April 2024, 00:54 AM
Economy progresses, challenges emerge as well
Speaking about the future of the economy, he said there is a possibility of Bangladesh transforming into a dynamic developed country on the back of its population’s entrepreneurial spirit.
19 April 2024, 00:17 AM
Govt hikes retail price of soybean oil
The government yesterday increased the retail price of bottled soybean oil by Tk 4 to Tk 167 per litre, adjusting it in line with the removal of duty benefits on imports and a price hike in the international market.
19 April 2024, 00:01 AM
Dutch-Bangla Bank witnesses highest profit growth in a decade
Dutch-Bangla Bank PLC recorded nearly 42 percent growth in earnings last financial year, its highest in a decade, by improving asset quality and focusing on maintaining good corporate governance.
18 April 2024, 18:30 PM
The golden goose and the taxman
A golden goose had once started laying solid gold eggs in the whimsical land of Bangladesh. But alas, the taxman slapped a tax on it that turned its feathers grey.
18 April 2024, 18:01 PM