Foreign loan commitments surge over 600%

Although foreign aid commitments made by global lenders to Bangladesh surged more than 600 percent in July-September of the current fiscal year, the disbursement declined. 
29 October 2023, 18:00 PM

Little impact of hartal on Ctg port activities

A countrywide dawn to dusk hartal enforced by opposition parties BNP and Jamaat-e-Islami yesterday had little impact on operational activities at the Chattogram port.
29 October 2023, 18:00 PM

Fall in jobless rate raises questions

The number of unemployed people in Bangladesh declined by 1.80 lakh year-on-year in the third quarter of 2023 despite the country’s major economic indicators having slowed down.
29 October 2023, 18:00 PM

Bankers, directors to be kept out of Shariah board

No bankers and directors will be able to hold any post in the Shariah supervisory committee of banks as the Bangladesh Bank changes rules to make lenders more compliant and curb irregularities. 
29 October 2023, 18:00 PM

FICCI reschedules 60-year celebration event to Nov 19

The two-day event will begin on Nov 19, which was earlier scheduled to start on Nov 8
29 October 2023, 15:15 PM

Daffodil Computers to invest $50,000 in Dubai

It will establish a branch named Daffodil Global in UAE
29 October 2023, 12:31 PM

Marico’s profit grows faster than revenue in Q2

The company made a profit of Tk 116.89 crore in Jul-Sep
29 October 2023, 12:07 PM

Households spent Tk 11,574 on average for WASH in 2020

2020's total spending for WASH was Tk 59,753 crore
29 October 2023, 11:05 AM

GPH Ispat’s profit down for higher cost of raw materials, dollars

GPH Ispat Ltd, one of the leading steel makers in Bangladesh, reported a massive drop in earnings during the financial year 2022-23 due to the spiral in raw materials prices and higher cost of the dollar in foreign currency transactions.
29 October 2023, 08:19 AM

Unilever reports higher profit despite falling revenue

Unilever Consumer Care Limited (UCCL), the manufacturer of Horlicks in Bangladesh, said it generated a 25 percent year-on-year higher profit in the three quarters to September although revenue dropped.
29 October 2023, 07:21 AM

Bangladesh to question India's countervailing duty on jute

Bangladesh is going to defend its position and question India’s logic in imposing countervailing duty (CVD) on jute and jute goods from Bangladesh to India, said Senior Commerce Secretary Tapan Kanti Ghosh yesterday.
28 October 2023, 18:01 PM

PwC global revenues rise to record $53b

PricewaterhouseCoopers (PwC) firms around the world logged a record gross revenue of $53.1 billion, growing by 9.9 percent in terms of local currency and 5.6 percent in terms of US dollars compared to gross revenues of the financial year 2022.
28 October 2023, 18:00 PM

Olympic Industries’ profit surges

Profits of Olympic Industries Ltd, the country’s largest biscuit maker, jumped 29 percent in the financial year 2022-23 ending in June.
28 October 2023, 18:00 PM

ACI sinks into losses

ACI Ltd, which operates in diversified areas of business, sank into losses in the last financial year, suffering from an increase in the price of dollars and higher energy and borrowing costs.
28 October 2023, 18:00 PM

Are we proud of our organisation?

When I joined a global bank in the mid-eighties, we were given the understanding that a young person joins an organisation for brand value or monetary benefits, but the person leaves the organisation either with the boss or for the boss.
28 October 2023, 18:00 PM

Premier Bank eyes digital expansion

Premier Bank PLC is investing in building a robust digital infrastructure to make all financial services available at the fingertips of customers, said M Reazul Karim, managing director of the private commercial bank.
28 October 2023, 18:00 PM

Unemployment among graduates: Females still have highest rate

Although an increasing number of female students are coming out of universities every year, they continue to have the highest unemployment rate among graduates, according to the Labour Force Survey (LFS) 2022 released at the end of last week.
28 October 2023, 18:00 PM

Economic misery to deepen amid political crisis

Most of the macroeconomic indicators of Bangladesh have been in bad shape for the last several months owing to external and internal factors, intensifying people’s suffering as consumer prices surged to record levels.
28 October 2023, 18:00 PM

‘Bangabandhu tunnel to speed up industrial growth’

The opening of the Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli river will lead to the development of numerous industrial units from Chattogram to Cox’s Bazar and encourage urbanisation, said Mahbubul Alam, president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI).
28 October 2023, 18:00 PM

RAK Ceramics’ profit drops

Profits of RAK Ceramics (Bangladesh) dropped in first nine months of 2023 mainly due to lower sales.
28 October 2023, 18:00 PM