Extend tenure of Tk 200 crore stockmarket fund, BSEC urges BB

The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore
27 November 2024, 14:08 PM

How property taxes can help low-income countries to develop

Satellites, drones, and the right policies can help countries increase revenue by up to 10 times at the local level
27 November 2024, 10:32 AM

Bank Asia aims to give half of its loans to SME, retail

Bank Asia PLC plans to increase its lending to retail and small and medium enterprises (SME) to about 50 percent of its total loan portfolio, according to its Managing Director Sohail RK Hussain..“We have extensive experience in the SME sector and are now placing stronger focus on it,” he
26 November 2024, 18:27 PM

Shipping Corporation repays Tk 475cr loans

Bangladesh Shipping Corporation (BSC) repaid Tk 475.25 crore to the interim government as the first instalment of a loan it received from the government and Exim Bank of China in 2016 to purchase ships..Representatives of the BSC handed over the cheque to Chief Adviser Prof Muhammad Yunus
26 November 2024, 15:59 PM

Many stock investors lose money for not understanding the business: ICB chairman

The Bangladesh Merchant Bankers Association highlighted the prospects and challenges of the capital market
26 November 2024, 13:20 PM

Stocks continue to bleed as investment stagnates

The stock market in Bangladesh extended a losing streak for a third consecutive trading day yesterday as skittish investors were reluctant to pour fresh funds due to political and economic uncertainties..As a result, both the Dhaka and Chattogram bourses witnessed thin participation of inv
26 November 2024, 06:00 AM

Trade union rules to ease

The interim government of Bangladesh has decided to lower the threshold of workers required to register a trade union by a fourth.
25 November 2024, 18:50 PM

Electronic filings of tax returns double in Jul-Nov

The number of electronic filings of tax returns more than doubled to over 5 lakh since July this year, thanks to the steps taken by the National Board of Revenue (NBR). .Individual taxpayers filed 2.17 lakh returns between July 1 and November 24 of this fiscal year, according to the NBR.<
25 November 2024, 18:23 PM

Renata raises Tk 536cr through bonds, preference shares

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 
25 November 2024, 18:00 PM

Lovello to acquire 50% stake in Sharika Foods

Taufika Foods and Lovello Ice-cream PLC has announced that it would acquire a 50 percent stake in Sharika Foods & Amandala Ltd at a cost of Tk 50 lakh. 
25 November 2024, 18:00 PM

Atlas, Runner team up to grab a slice of Tk 500cr helmet market

State-owned Atlas Bangladesh and private manufacturer Runner Automobiles have teamed up to cater to the growing local market for motorcycle helmets, which currently relies on imported products.
25 November 2024, 18:00 PM

Jewellers cut gold prices by Tk 1,890 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 140,376
25 November 2024, 14:33 PM

Efficient cross-border trade a boon for LDC graduation: ICCB

With the increase in international trade of Bangladesh, efficient cross-border trade will have notable implications for the country’s status graduation from the least developed country (LDC) to a developing one, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh
24 November 2024, 18:32 PM

Stocks fall for second day

Stocks in Bangladesh yesterday stretched their losing streak to two days consecutively as investors grappled with the fallout of Moody’s recent downgrade of the country’s foreign credit rating..The US-based credit rating agency also revised its long-term economic outlook for Bangladesh fro
24 November 2024, 18:01 PM

Panel of advisers formed to solve Beximco Industrial Park’s labour unrest

Labour Adviser Brig Gen (retd) M Sakhawat Hussain will lead the six-member panel
24 November 2024, 12:12 PM

Renata approves Tk 325 crore preference shares

The shares are issued to refinance existing loans 
24 November 2024, 06:45 AM

World Bank focuses on creating quality jobs for youth

The World Bank focuses on creating quality jobs for the millions of youth population entering the job market every year, its Country Director for Bangladesh and Bhutan Abdoulaye Seck said yesterday.."We are ever more determined to give it all for Bangladesh,” he said at an exhibition, titl
23 November 2024, 18:03 PM

Bangladeshis spend $4b annually for healthcare abroad

DCCI Senior Vice President Malik Talha Ismail Bari says in a seminar on outbound healthcare tourism
23 November 2024, 14:28 PM

Navana Pharmaceuticals posts 12% profit growth in Q1 

Strong sales drive the rise in profit
23 November 2024, 10:03 AM

Medicine prices may spike for sectoral challenges, not for LDC graduation: study

The Research and Policy Integration for Development (RAPID) conducted the study
23 November 2024, 09:28 AM