ICB Islamic Bank in dire straits

After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.
28 March 2024, 18:00 PM

Credit card use slightly up

Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023
28 March 2024, 15:27 PM

Litchi growers expect good harvest this year

There are over 4,000 orchards dotting the district
28 March 2024, 15:18 PM

High bad loans a 'big threat' to financial sector: BB

The central bank said in quarterly review on money and exchange rate
28 March 2024, 14:30 PM

Gazipur mill workers temporarily block highway for wage hike

Around 1,000 workers of Gulshan Spinning Mill in gazipur's Sreepur upazila blocked Dhaka-Mymensingh highway for over two and a half hours demanding an increase in salary
28 March 2024, 13:03 PM

Forex reserves fall by half a billion in a week

It hit $19.45 billion on March 27, down from $19.98 billion on March 20
28 March 2024, 12:02 PM

Navana Pharmaceuticals receives approval for Tk 150 crore partial convertible bond

Navana Pharmaceuticals has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a partial convertible bond worth Tk 150 crore
28 March 2024, 07:12 AM

Removal of tax exemptions to boost revenue by Tk 30,000cr

The government can generate additional revenue of Tk 30,000 crore in the next fiscal year of 2024-25 if it reduces existing tax exemptions for various sectors, according to a noted economist.
28 March 2024, 00:08 AM

Stocks sink to lowest level in 3 years as investors sell and go away

Bangladesh’s stock market has been going through a bear run for the last two months despite petering out of election-linked uncertainty, signaling that the worries about the macroeconomic challenges are far from over.
28 March 2024, 00:08 AM

Govt extends power purchase contracts with Summit

The government has extended its contracts with Summit Group’s three gas-based power plants for the purchase of electricity in the next five years.
28 March 2024, 00:08 AM

Singer becomes first firm to start production in Japanese EZ

Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.
27 March 2024, 18:00 PM

Singer becomes first firm to start production in Japanese EZ

It becomes the first plant in Araihazar economic zone
27 March 2024, 15:07 PM

Contracts of Summit’s three power plants extended

The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina
27 March 2024, 13:56 PM

Chinese firm to invest $6 million in Cumilla EPZ

Song Shin Leather (BD) Ltd, a Chinese company, will invest $6 million to set up a leather processing factory at the Cumilla Export Processing Zone
27 March 2024, 10:27 AM

‘Clear workers’ salaries, bonuses before Eid’

The government has urged industry owners to pay workers' salaries and festival bonuses before the start of the Eid-ul-Fitr holidays.
27 March 2024, 10:23 AM

Esquire Knit Composite to invest Tk 5 crore in subsidiary

Esquire Knit Composite PLC's board has approved an investment of Tk 5 crore in its subsidiary L'Esquire Ltd.
27 March 2024, 10:00 AM

Downturn in stocks continues

Dhaka stocks dipped in the morning trading today, marking the third consecutive day of decline due to selling pressure. 
27 March 2024, 08:05 AM

ILO calls for fast-tracking labour law reforms

Speaking about Bangladesh, the ILO said its governing body took note of the report on the progress made with the implementation of the roadmap of actions and was mindful of its 2021-26 timeline for the labour sector reform as well as of the results yet to be achieved.
27 March 2024, 00:49 AM

Fruit imports surge as Ramadan pushes up demand

Traders opened LCs worth $247.26 million in July-January of the current fiscal year of 2023-24, up 25.81 percent year-on-year, central bank data showed.
27 March 2024, 00:49 AM

One panjabi for two occasions

The rising price level in Bangladesh has left the middle and low-income segments in a severe cost of living crunch, with inflation hovering above 9 percent since March last year.
27 March 2024, 00:49 AM