Modern Syntex Limited, one of the nation’s largest man-made fibre (MMF) producing plants located at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, received a loan of 38 million euros (Tk 440 crore) and a commercial syndicated term loan of Tk 450.5 crore.Forex reserves fall to $20.89b

Bangladesh’s foreign exchange reserves decreased by $60 million in a week to hit $20.89 billion on October 25, according to the central bank data.

Prime Minister Sheikh Hasina yesterday called upon Belgium and Luxembourg to continue tariff and quota-free access of Bangladeshi goods to their markets till 2032 under the EBA (Everything but Arms) scheme.

Revenue collection in Bangladesh grew 14.3 percent year-on-year in the first quarter of the current fiscal year although the pace was slower owing to a decline in imports, official figures showed yesterday.

Mercantile Bank PLC has signed a tripartite agreement with the Dhaka Stock Exchange Ltd (DSE) and the Chittagong Stock Exchange PLC (CSE).

The implementation of the market-driven exchange rate will be difficult in the existing model, said economist Zahid Hussain, suggesting that the central bank seek an alternative model.

Muhammed Aziz Khan, chairman of Summit Group, has been awarded the Public Service Medal (Covid-19) at the National Awards of Singapore for his outstanding contributions to society during the pandemic.

Almost every weekend, residents in Dhaka see a common scene in front of educational institutions: youths are either waiting at the gates to go inside or coming out after taking part in the recruitment tests in their efforts to land jobs.

Pubali Bank PLC recently arranged a virtual workshop on “information security awareness”.

Md Abul Bashar and Sohela Hossain have been re-elected as chairman and vice-chairman respectively of NCC Bank in the 506th meeting of the board of directors on Wednesday.

The Chittagong Stock Exchange (CSE) hopes to launch Bangladesh’s first commodity exchange within six months after the relevant rules were gazetted and published yesterday.

Meta Platforms beat expectations for third-quarter profit and revenue on Wednesday, helped by its ongoing austerity drive and a recovery in digital advertising spending ahead of the holiday season.

Mutual Trust Bank Ltd’s profit fell 14.78 percent year-on-year to Tk 190 crore in the Jan-September period of 2023.

Bank Asia recorded a 22 percent year-on-year increase in profit in the first nine months of 2023.

Jewellers yesterday increased 22-carat gold prices to a historic high of Tk 102,876 a bhori (11.664 grammes).

Who doesn’t like talking about the boss, especially if he or she happens to be a nasty one. By now, most of us have come across a boss who can predict the future better than an astrologer. And this skill seems to get honed to perfection during the annual appraisal process each year.

British American Tobacco Bangladesh Company Ltd (BATBC), the largest tobacco product maker in the country, witnessed a slowdown in its profit growth in the first nine months of 2023 mainly due to higher raw material prices and operating costs.

Imports of liquefied petroleum gas (LPG) declined due to problems in opening letters of credit (LCs) amidst the ongoing dollar crisis, operators said.

British American Tobacco Bangladesh Company Ltd (BATBC), the largest tobacco product maker in the country, witnessed a slowdown in its profit growth in the first nine months of 2023 mainly due to higher raw material prices and operating costs.

The implementation of the market-driven exchange rate will be difficult in the existing model, said economist Zahid Hussain, suggesting that the central bank seek an alternative model.