Veon Ltd has announced today that its wholly owned subsidiary Banglalink has completed the sale of part of its tower portfolio in Bangladesh to Summit Towers Limited for about Tk 1,100 crore or $100 million.

Its losses per share hit Tk 0.28 in Oct-Dec of 2023

Its earnings per share dropped to Tk 0.02 in Q2 of FY24, from Tk 0.13 in Q2 of FY23

BSCCL posted an 18 percent year-on-year decline in profit to Tk 47.99 crore in the second quarter of the current financial year,

Pacific Denims logged a 66 percent year-on-year decline in profit in the October-December period

United Power Generation & Distribution Company Ltd continued to suffer from declining profits

Apex Footwear’s net profit fell about 34 percent to Tk 2.4 crore in the October-December quarter

Spending under the Annual Development Programme (ADP) has been going slow in the current fiscal year (FY), with implementing agencies having used just 22.48 percent of their allocations till December last year, official figures showed.

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually

BSRM Ltd, the biggest steelmaker in Bangladesh, said its sales dropped in the first half of the current financial year, suffered by reduced demand amid the economic slowdown.

Some 79.1 percent of the apparel factory owners said international buyers are yet to increase prices of Bangladeshi goods, which they earlier promised to do after the new garment wage comes into effect in December last year, a survey found.

The National Board of Revenue (NBR) has extended the tenure of licences for bonded warehouses to three years from two years to cut the time and cost for exporters.

Its profit decreased by 99.6% year-on-year to Tk 2 crore

The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh’s coffers and bring down rates gradually since the country can’t provide such subsidies once it becomes a developing nation. 

A survey conducted by BGMEA election’s opposition group Forum panel finds

The Tk 8.91 crore worth of plots are located inside Purbachal Probashi Palli project

While the world is moving towards renewable energy as it is much more environmentally-friendly than fossil fuel-based power plants and requires no additional fuel costs, Bangladesh is moving at a snail’s pace in this regard, said two researchers of BloombergNEF.

The company sold Tk 1,700 crore goods in 2023, declared 35% cash dividend

However, both of the state-owned oil marketer made profits in Jul-Dec period

Pran posted a 10 percent year-on-year decrease in profit to Tk 1.38 crore in the October-December quarter of the current financial year