BSRM, the biggest steel maker in Bangladesh, has taken a nearly Tk 1,900 crore scheme to set up its second re-rolling plant to expand its capacity and cater to increased demand for public and private construction in the country, it said yesterday.

Many garment makers in Bangladesh are not honouring their primary contracts for buying yarn from local spinners as work orders from abroad have decreased amid volatility in the global economy.

Most industries in Bangladesh spend less than Tk 500 per year on research and development (R&D) per worker, according to the Centre for Policy Dialogue (CPD), a scenario that may hold back a country aiming to become a manufacturing hub and a developed nation in less than two decades.

Bangladesh Bank yesterday issued letters of intent to Nagad Digital Bank and Kori Digital Bank, in a development that can substantially enhance people’s access to finance.

Bangladesh Export Import Company Ltd (Beximco) witnessed a massive drop in profit in the last financial year while Beximco Pharmaceuticals Ltd also reported lower earnings owing to a spike in the cost of production.

The two are: Nagad Digital Bank Plc, Kori Digital Bank Plc

Most industries spend less than Tk 500 per year in research and development (R&D) for a worker, said the Centre for Policy Dialogue (CPD) today.

Owners want to give Tk 10,400

Bangladesh Bank is likely to give primary approval today for the formation of digital banks in the country.

In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.

The Foreign Investors’ Chamber of Commerce and Industry (FICCI) is set to host a two-day investment exposition from November 8 at Radisson Blu Dhaka Water Garden marking its 60th anniversary.

In an era defined by complex financial markets and ever-evolving investment opportunities, wealth management has emerged as a crucial discipline for individuals and families looking to secure their financial future.

Profits of Renata Ltd, a major player among listed drug makers in Bangladesh, rebounded in the first quarter of the current fiscal year as the company's revenue growth doubled during the period.

Businesspeople yesterday urged for improving connectivity between Dhaka and Chattogram on a priority basis in order to get the expected benefits of the Bangabandhu Sheikh Mujibur Rahman Tunnel.

The Israel-Hamas conflict has not had any immediate effect on global shipping, but it may impact ocean freight if the conflict lingers.

Dird Washing Limited has laid off around 300 workers owing to a lack of work orders, becoming the fourth unit of its parent Dird Group to have closed operations this year.

With farmers preparing to plant maize for the winter, seed sellers and businesses expect an increase in acreage because of higher prices of the grain and Bangladesh’s import dependence in covering the shortage of the grain used by feed mills.

Shopping centres, fashion houses and other retail outlets in Dhaka found a reason to smile on the occasion of Durga Puja, the biggest annual festival for the Hindu community which begins today, with traders saying sales had exceeded expectations.

Bangladesh Bank has asked banks to disburse remittances among beneficiaries within two days of receiving it from senders abroad..The central bank framed rules in 2014 stipulating that the disbursement must be made within two days to encourage remittance transfers through formal channels.

The Supreme Court’s Appellate Division yesterday changed the chairman of the audit committee of Delta Life Insurance Company Limited and gave the insurer another two months to hold its annual general meetings (AGMs) for 2020, 2021 and 2022.