Corporate Sector: Profits eaten up by currency depreciation

The corporate sector’s profitability was severely impacted by the sudden currency depreciation, said Ahsan H Mansur, executive director of the Policy Research Institute.
7 December 2023, 18:00 PM

Tourism festival begins in Kuakata

A two-day tourism festival organised by the Bangladesh Tourism Board and the Ministry of Civil Aviation and Tourism starts in Kuakata, Patuakhali today.
7 December 2023, 18:00 PM

Mutual Trust Bank Perpetual Bond makes trading debut in DSE

The Mutual Trust Bank perpetual bond, listed under the “N” category, began trading on in the Dhaka Stock Exchange (DSE) on Wednesday.
7 December 2023, 15:00 PM

Buyer to drop sanction clause from LC: BGMEA

ZXY International has decided to remove the clause in the letter of credit (LC) that says that it will not accept garments from Bangladesh if the country faces any sanctions.
7 December 2023, 14:33 PM

Chinese firm to set up $7.6m API factory in Bangladesh

Chinese company to invest $7.6 million to establish factory inside Bepza Economic Zone to manufacture active pharmaceutical ingredients
7 December 2023, 13:02 PM
7 December 2023, 10:47 AM
7 December 2023, 07:23 AM

Bangladesh gets first foreign port operator

Port management in Bangladesh entered a new era yesterday through the appointment of a Saudi Arabia-backed foreign operator
7 December 2023, 00:30 AM

Musk's Starlink to make entry to Bangladesh

The government has decided to award a licence to Starlink, brainchild of Elon Musk,that could create competition in the internet business in Bngladesh
7 December 2023, 00:00 AM

Workers' woes deepen as inflation outpaces wage growth for 22nd straight month

Wage growth remains below inflation rate as per BBS data , compelling many to cut consumption
7 December 2023, 00:00 AM

Cotton imports to fall, could send yarn output lower

Bangladesh may import a lower volume of cotton in 2023-24 owing to a fall in orders from garments buyers, difficulties in opening LCs
6 December 2023, 18:15 PM

Reserves remain under pressure

Pressure on the foreign exchange reserves remains high as the deficit in the financial account continues to widen despite the narrowing trade gap and a current account surplus.
6 December 2023, 18:00 PM

Gold prices fall by Tk 1,749 per bhori

each bhori (11.664 grams) of 22-carat gold will cost Tk 108,125, down from Tk 109,874 earlier
6 December 2023, 14:12 PM

CPA, RSGT sign agreement on Patenga Container Terminal operation

The Chittagong Port Authority (CPA) today inked a concession agreement with the Saudi Arabia's company Red Sea Gateway Terminal (RSGT) to operate the newly built Patenga Container Terminal (PCT) on PPP-G2G basis for next 22 years.
6 December 2023, 11:52 AM

No payments if Bangladesh faces sanction, says a US retailer to its supplier

No LC transactions to be processed if under sanctions from US and others, says a US retailer
6 December 2023, 11:25 AM

World Bank's Banga calls for record replenishment of fund for poorest countries

World Bank President Ajay Banga on Wednesday called on member countries to make the next replenishment of the lender's fund for the world's poorest countries the largest ever, warning that the International Development Association (IDA) was being pushed to its limits by increasing demands..<p
6 December 2023, 07:23 AM

Dialogue with diplomats on labour rights postponed

The commerce ministry yesterday informed of having postponed its upcoming meeting on the latest labour rights reforms with five diplomats “for the Christmas holiday”.
6 December 2023, 00:20 AM

Govt likely to retreat from its quest for higher growth

government is likely to lower its economic growth target by one percentage point for the fiscal year ending in June
6 December 2023, 00:15 AM

Costly USD, higher inflation hurting dairy industry

Says Simon Stevens, executive vice-president (international) of Arla Foods
6 December 2023, 00:10 AM

Bangladesh’s leather exports to benefit from CETP upgrade

two tanneries of Apex and Bay Leather to set up their own effluent treatment plants and other companies are waiting for permission
6 December 2023, 00:00 AM