Upon pay assurance, workers lift highway blockade after 52 hours

Workers of Birds Group, a textile maker in Bangladesh, withdrew their blockade at the Baipail intersection of the Nabinagar-Chandra highway in Dhaka’s Ashulia yesterday after being assured that all their arrears will soon be paid..At around 9:30am last Monday, workers of Birds Group blocke
2 October 2024, 18:00 PM

Four lenders get Tk 945 crore liquidity support from five other banks

FSIBL gets Tk 300 crore, SIBL Tk 350 crore, Global Islami Tk 25 crore and National Tk 270 crore
2 October 2024, 14:14 PM

Non-resident Bangladeshis can now get up to Tk 10 lakh in bank loans

Repayments will be made from the remittances sent home
2 October 2024, 13:07 PM

Govt to buy two cargoes of LNG from spot market

The first consignment will cost Tk 640.15 crore and the second one Tk 649.59 crore
2 October 2024, 11:39 AM

Onion prices fall at wholesale but retail rates remain higher

Onion prices at wholesale markets in Bangladesh have decreased over the past week thanks to imports of the popular cooking ingredient, but prices at the retail level remain mostly unchanged..About 7.71 lakh tonnes of onion were cultivated this year, with farmers keeping 1.03 lakh tonnes in
1 October 2024, 18:00 PM

IT entrepreneurs complain about anomalies in customs policies

They highlighted their problems at an event organised by Computer Solutions Inc (ICSI) and its Chinese partner EKSA
1 October 2024, 16:41 PM

Rooppur power plant to receive equipment for radiation monitoring soon

23 units of the monitoring systems have already been shipped from Russia
1 October 2024, 14:17 PM

Remittance rises 80% in September

Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August
1 October 2024, 12:03 PM

Apex Footwear records highest profit in 9 years

It made Tk 17.63 crore for the year ended on June 30 this year 
1 October 2024, 08:41 AM

Confidence Cement investing Tk 815cr to set up new factory

Confidence Cement PLC, a cement maker based in Chattogram, is investing Tk 815 crore to set up a new production facility on 10 acres of land in Narsingdi and cater to the future demand..The move comes at a time when cement sales have nearly halved over the past few months as most private a
30 September 2024, 18:00 PM

IMF reaffirms support for interim government

The International Monetary Fund (IMF) has reaffirmed its support for Bangladesh’s interim government in overcoming the various economic challenges the country has been facing in recent times.
30 September 2024, 15:40 PM

Collaboration between private, public sectors a must now: finance adviser

A delegation of the Foreign Investors’ Chamber of Commerce and Industry meets Salehuddin Ahmed
30 September 2024, 14:14 PM

Debt servicing surges 47% in Jul-Aug

The amount hit $589 million in the first two months of FY25
30 September 2024, 13:41 PM

RMG owners demand greater security to keep factories open amid labour unrest

They made the demand at a press conference at the BGMEA office 
30 September 2024, 08:48 AM

Doreen Power to shut down its Feni plant

All of its non-current assets will be sold
30 September 2024, 06:06 AM

Stocks rise after last week’s decline

The benchmark index of Dhaka Stock Exchange (DSE) rose yesterday on falling for two days last week as investors traded select shares to pocket short-term profits..The DSEX, the broad index of the country’s premier bourse, edged up by 18.98 points, or 0.34 percent, from that on the day prio
29 September 2024, 18:00 PM

BB expands refinance scheme for marginalised people to Tk 750cr

The Bangladesh Bank (BB) today expanded the size of the refinancing fund meant for marginalised communities to Tk 750 crore from previous Tk 500 crore, with a priority to extend financial coverage to flood victims across Bangladesh. .The refinance fund is for the small bank account h
29 September 2024, 16:09 PM

Govt restructures task force on bringing back money illegally taken abroad

Headed by Bangladesh Bank governor, the nine-member task force became operational with immediate effect
29 September 2024, 15:07 PM

Islamic banks see rise in gross default loan

The banks’ unclassified rescheduled loan also rose, according to Financial Stability Report 2023
29 September 2024, 14:37 PM

Multilateral development banks need reform to expand capabilities: analysts

Experts say at CPD, OECD webinar on the Multilateral Development Finance 2024 report
29 September 2024, 14:15 PM