Bangladesh may not regain US GSP soon

Bangladesh is unlikely to regain benefits offered under the generalised system of preferences (GSP) from the United States if the programme is revived in the near future because of several issues related to labour rights in the country, Finance Adviser Salehuddin Ahmed said yesterday.
24 October 2024, 19:51 PM

Gov to buy two cargoes of LNG from spot market

The advisory committee on government purchases yesterday approved the import of two cargoes of liquified natural gas (LNG) from the spot market..Switzerland-based MS TotalEnergies Gas & Power Ltd will supply each million British thermal units (MMBtu) of the first consignment at $13.94 and
24 October 2024, 18:17 PM

New administrator forms 10-member panel to run BGMEA

They are: Md Shahidullah Azim, Enamul Haque Khan (Bablu), Miran Ali, M Mohiuddin Chowdhury, Asif Ashraf, Rezwan Selim, ANM Saifuddin, Md Shihabuduzza Chowdhury, Shams Mahmud and Sharif Zahir
24 October 2024, 15:55 PM

Pubali Bank’s profit surges 43% in Jan-Sep

Investment income and increased net interest lift earnings
24 October 2024, 08:29 AM

Square Pharmaceuticals reports Tk 2,092 crore profit in FY24 

Buoyed by the profit growth, Square Pharma’s board has recommended a 110 percent cash dividend, its highest in nine years
24 October 2024, 08:24 AM

Fashion brands face criticism for failure to protect labour rights in Bangladesh

Fashion brands, including H&M and Zara, are facing criticism over their lack of action to protect workers' basic rights in Bangladesh, according to Clean Clothes Campaign (CCC)..One year after a violent crackdown by state actors and employers against Bangladeshi garment workers protesting
23 October 2024, 18:32 PM

Interim govt’s economic initiatives show positive results: ICCB

The country is witnessing the impacts of initiatives taken by the interim government within two months of taking office, including increased flow of remittance, improved foreign exchange reserves, reduced fuel prices and accessible loans for export industry workers, according to the Internationa
23 October 2024, 18:02 PM

SMEs hit hard by August floods need govt assistance to survive

Most SMEs lost all of their belongings and now seek government assistance
23 October 2024, 12:33 PM

Singer Bangladesh reports Tk 18.54 crore loss in Q3

Earnings per share plunge 92% in Jan-Sep as operating costs soar
23 October 2024, 07:22 AM

Insurance association president resigns for 'health reasons'

He had been serving as president for over a decade, exceeding the limits set by the association's regulations
23 October 2024, 04:28 AM

Spiralling seed prices shock potato farmers

Dhiraj Roy, a farmer from Maljhar village in Biral upazila of Dinajpur, is reconsidering plans to cultivate early varieties of potatoes on his 50-decimal plot of land as the rising cost of seeds and agricultural inputs is straining his limited budget.."Each kilogramme (kg) of Çhalisa varie
22 October 2024, 18:00 PM

Sena Insurance's profit declines 17% in Q3 

Increased expenses weigh on cash flow
22 October 2024, 08:07 AM

Heidelberg Materials Bangladesh posts Tk 79.10 lakh loss in Q3

Lower sales and higher tax payments are the reasons behind the loss
22 October 2024, 06:16 AM

Far East Knitting posts Tk 36cr profit

Far East Knitting & Dyeing Industries Ltd reported a profit of Tk 35.87 crore for the financial year ending on June 30, 2024, reflecting a 3.7 percent increase year-on-year.
21 October 2024, 20:23 PM

Premier Cement made Tk 74.23cr profit in FY24

Premier Cement Mills PLC, one of Bangladesh's leading cement manufacturers, reported a profit of Tk 74.23 crore for the financial year ending on June 30, 2024.
21 October 2024, 20:18 PM

Brokers urge DSE to act as primary regulator

Stockbrokers in Bangladesh have urged the Dhaka Stock Exchange (DSE) to regain its role as the primary authority in allowing initial public offerings (IPOs) and monitoring the country’s share market..This request came at a meeting between leaders of the DSE Brokers Association (DBA), the t
21 October 2024, 18:01 PM

Stocks bounce back after five-day losing streak

The indexes of the Dhaka Stock Exchange (DSE) rose yesterday, snapping a five-day losing streak on the back of the good performance of shares in the blue-chip and large-cap sectors..Shares of Islami Bank Bangladesh, BRAC Bank, Heidelberg Materials Bangladesh PLC, Bangladesh Steel Re-rollin
21 October 2024, 16:11 PM

Trade through Benapole to remain suspended for 4 days until Oct 24

The suspension was imposed, as Indian minister will open a terminal at Petrapole on October 24
21 October 2024, 15:22 PM

Lovello Ice Cream’s profit grows 186% in Jul-Sep 

The company’s sales in Q1 rose 48% YoY 
21 October 2024, 10:23 AM

Financial literacy a must to empower women entrepreneurs

Financial literacy is crucial for empowering women entrepreneurs, according to Farzana Khan, general manager of the SME Foundation.."We must go beyond offering financial products and ensure that women have the skills and knowledge to navigate these services effectively. This will complemen
20 October 2024, 18:03 PM