MJL to double stakes in Prime Bank

MJL Bangladesh, one of the nation’s leading lubricants companies, is going to buy 2.20 crore shares of Prime Bank in order to increase its stake in the lender.
17 April 2024, 15:48 PM

Bangladesh to introduce drone technology to assess crop losses

20 DAE officers will get training on how to use the tech
17 April 2024, 14:33 PM

Another garment factory receives LEED green certification

Bangladesh now has 215 LEED-certified factories
17 April 2024, 14:31 PM

Bank Asia plans to acquire Bank Alfalah’s Bangladesh unit

Bank Asia is going to hold a meeting of its board of directors next Sunday and is likely to disclose the mater in detail, a senior official of Bank Asia said.
17 April 2024, 12:44 PM
17 April 2024, 11:52 AM

Import of another 124,000 tonnes of rice given go-ahead

Some 91,000 tonnes will be parboiled rice and 33,000 tonnes sunned rice
17 April 2024, 11:09 AM

Stocks rebound after two-day losses 

Dhaka stocks regained strength in the early trade today paring down the losses incurred in the first two days of trading after nearly a week of holidays.
17 April 2024, 06:12 AM

Edible oil refiners seek to hike price by Tk 10 per litre

If this comes into effect, a one-litre bottle of soybean oil will cost Tk 173, a five-litre bottle Tk 845 whereas unpackaged palm oil Tk 132 a litre.
17 April 2024, 00:20 AM

BASIC Bank officials ‘terrified’ by impending merger

As a state-run bank, BASIC Bank's officers and employees enjoy and job security alongside various employee benefits -- including salaries, provident fund facilities, gratuity, retirement allowance -- which may differ from those offered at City Bank.
17 April 2024, 00:14 AM

Baked by heat, Bangladesh expands AC manufacture

Manufacturers and retailers estimate that 530,000 units were sold in 2023, increasing sharply from 330,000 units in 2022.
17 April 2024, 00:14 AM

IMF cuts GDP growth forecast for Bangladesh again

The Washington-based lender said the economy would grow by 5.7 percent in 2023-24, lower than the 6 percent forecast in October. The gross domestic product (GDP) projection was 6.5 percent initially.
17 April 2024, 00:14 AM

Govt to continue incentives for exporters in post-LDC era

Officials in the commerce ministry said subsidies may be provided on electricity bills, or in the form of technology upgradation funds and skills development funds.
17 April 2024, 00:14 AM

Bangladesh's cotton import to rise on bright RMG export prospects: USDA

Despite facing a number of economic challenges, Bangladesh may end up importing more cotton year-on-year in marketing year (MY) 2024-25 to meet increasing global demand for garments.
16 April 2024, 18:00 PM

Leaders eat last

The success and failure of any organisation largely depend on its leadership. Studies show that there is no “one size fits all” leadership style. Nevertheless, effective leaders do possess certain attributes which are extremely crucial for an organisation’s sustained success.
16 April 2024, 17:59 PM

BASIC Bank employees want merger with another state bank

They submitted a memorandum to Bangladesh Bank governor
16 April 2024, 14:11 PM

IMF lowers Bangladesh’s economic growth forecast

Bangladesh economy to grow 5.7% in FY24, the lender says
16 April 2024, 13:44 PM

PepsiCo brightens Ramadan through 'Filling Hearts' initiative in Bangladesh

It is an extension of PepsiCo's pep+ (PepsiCo Positive) ambition and the 'Food for Good' platform
16 April 2024, 12:52 PM

Refiners want Tk 10 hike in edible oil price

They want to sell soybean oil at Tk 173, loose palm oil Tk 132 and five-litre cans at Tk 845
16 April 2024, 08:20 AM

Dhaka stocks keep falling 

Dhaka stocks declined in the morning trade for the second consecutive session today as sales pressure dominated the bourse.
16 April 2024, 06:44 AM

Garment exports face fresh trouble as Iran-Israel conflict stokes fears

Buyers are already asking suppliers to execute orders as soon as possible because the time to transport goods has been extended by an additional 15 days following the outbreak of the Red Sea crisis in October.
16 April 2024, 03:36 AM