A contrarian perspective in turbulent times

In the tumultuous landscape of the Dhaka Stock Exchange (DSEX), investors find themselves navigating through a maze of uncertainties.
3 April 2024, 18:01 PM

Stocks make a comeback

The benchmark index of Dhaka Stock Exchange (DSE) staged a comeback yesterday, snapping a two-day losing streak.
3 April 2024, 18:00 PM

NRBC bank’s rejoinder, our reply

NRBC Bank PLC has sent a rejoinder in response to our story “Capital Flight Covered Up”, published on March 22, 2024, and a follow-up rejoinder in response to our story titled “Gun in Boardroom”, published on March 21, 2024.
3 April 2024, 18:00 PM

ACC sues 5 Janata Bank officials for embezzling Tk 5.22cr

The Anti-Corruption Commission yesterday filed a case against five officials of Janata Bank for embezzling Tk 5.22 crore from Tamai branch in Sirajganj.
3 April 2024, 18:00 PM

Financial account deficit keeps widening

Bangladesh's financial account deficit is still widening, signaling that the pressure on the foreign exchange regime will continue in the upcoming days.
3 April 2024, 15:46 PM

Govt to buy edible oil, lentil worth Tk 350cr

The government yesterday decided to buy edible oil and lentils worth Tk 350 crore from five local firms in order to sell them among the poor and low-income people at subsidised rates.
3 April 2024, 15:35 PM

NBFIs asked to form willful defaulters’ identification unit by April 30

The unit will identify whether defaulting borrowers (individuals and institutions) are willful defaulters, as per the central bank notice issued on the day.
3 April 2024, 12:09 PM

5 lakh Bangladeshis likely to face extreme poverty: World Bank

Around 5 lakh people in Bangladesh likely fell into extreme poverty between the fiscal years 2022-23 and 2023-2024 due to the erosion of purchasing power, said the World Bank
3 April 2024, 07:11 AM

Bangladesh lost Tk 2 lakh crore in potential VAT

The WB measured VAT losses based on an analysis of the VAT gap -- an estimate of the overall difference between theoretical VAT revenue and the amount actually collected.
3 April 2024, 00:45 AM

Economy to post subdued growth for at least three years

The multilateral lender said the economy would grow at 5.6 percent in 2023-24, lower than the South Asian average of 6 percent for 2024. Annual GDP growth averaged 6.6 percent in the decade before the pandemic struck the world in 2020.
3 April 2024, 00:45 AM

Exports top $5b for fourth straight month

Overall exports posted a 4.39 percent growth to $43.55 billion in the July-March period of the current financial year.
3 April 2024, 00:45 AM

Form a cell to fix prices of construction materials

The Real Estate and Housing Association of Bangladesh (REHAB) has demanded the formation of a "monitoring cell" to determine the prices of construction materials and ensure the quality of products.
3 April 2024, 00:45 AM

Stocks fall for second day

There were also positive changes in the market capitalisation of food and allied, engineering, and telecommunication scrips, it said.
3 April 2024, 00:45 AM

ICT entrepreneurs demand extension of tax exemptions

With tax exemptions for the information technology (IT) and IT-enabled services sector ending after this fiscal year, ICT entrepreneurs are demanding the continuation of such incentives for seven more years to help build a ‘Smart Bangladesh’.
2 April 2024, 18:30 PM

Bring reforms in revenue generation, exchange rate

Reforms need to be brought about over revenue generation, currency exchange rate, banking and public expenditure, the four areas vital to the country’s economic performance, through the upcoming national budget, suggested an economist yesterday.
2 April 2024, 18:00 PM

Forced bank mergers could be counterproductive

The government should come up with a clear guideline complying with the global best practices before compelling banks to merge, the World Bank has said.
2 April 2024, 18:00 PM

BRAC Bank logged 35% profit growth in 2023

BRAC Bank PLC registered a 35 percent increase in profit to Tk 827.50 crore last year thanks to its focus on small and medium enterprises (SME) and technology-based customer services, which added over 3.60 lakh new customers.
2 April 2024, 18:00 PM

Traffic congestion costs Old Dhaka its title as key trading hub

Traffic congestion inflicted by unplanned urbanisation and expansion reduces the country's overall GDP by 2.9 percent.
2 April 2024, 16:26 PM

Conflicting lighter vessel owners reconcile

Nasir announced that three organisations of the lighter vessel owners would start giving serials and allocating vessels from a single platform from March 23.
2 April 2024, 14:27 PM

Relocate from Old Dhaka to Shyampur immediately, Mayor Taposh tells chemical businesses 

If chemical traders refuse to relocate from Old Dhaka to Shyampur immediately, the Dhaka South City Corporation (DSCC) will initiate a combing operation after Eid-ul-Fitr, said Sheikh Fazle Noor Taposh, the mayor of DSCC
2 April 2024, 10:31 AM