Berger Paints sees profits rise 5% in Q1

Berger Paints, the lone listed multinational paint producer in Bangladesh, saw 5 percent higher profits in the first quarter (April-June) of 2023.
30 July 2023, 18:00 PM

Reforming revenue administration

The government is consistently failing to meet its tax collection targets. In 2022-23, its target fell short by Tk 44,728 crore. This phenomenon has been going on for the last 11 consecutive fiscal years. Clearly, our existing taxation system is not efficient enough, so something needs to change and change fast.
30 July 2023, 18:00 PM

BARI organises workshop

Bangladesh Agricultural Research Institute (BARI) organised the “Internal Research Review & Planning Workshop-2023” for evaluating all the research programmes undertaken in 2022-2023 and formulating the research programme for 2023-2024 at the institute’s Kazi Badruddoza Auditorium in Gazipur yesterday.
30 July 2023, 18:00 PM

Bank Asia’s profits almost double in Q2

Bank Asia saw its profits almost double in the April-June period of the current calendar year, according to a disclosure posted on the Dhaka Stock Exchange (DSE) website.
30 July 2023, 18:00 PM

bKash wins ‘Fintech Pioneer Award’

Leading mobile financial service provider bKash has won “Fintech Pioneer Award” at the Bangladesh Startup Summit-2023 for playing a pioneering role in the fintech sector.
30 July 2023, 18:00 PM

25 products dominated imports in FY23

About half the imports through Chattogram port during fiscal year (FY) 2022-23 were made up of just 25 products that have industrial or household applications, according to data of the Chattogram Custom House.
30 July 2023, 18:00 PM

US oil giants report lower profits

ExxonMobil and Chevron reported profits Friday that were much lower than last year’s due a drop in commodity prices, but still lofty enough to enable increased shareholder distributions.
30 July 2023, 18:00 PM

Rules relaxed for Best Holdings’ IPO

The Bangladesh Securities and Exchange Commission (BSEC) has relaxed the initial public offering (IPO) rules for Best Holdings on three conditions to help the owning entity of Le Méridien Dhaka raise fund from the public.
30 July 2023, 18:00 PM

Vehicle insurance business going thru tough times

The vehicle insurance business in Bangladesh is passing hard times as people are not interested in insuring automobiles in the absence of legal obligation as well as a lack of trust in insurers and promotional activities.
28 July 2023, 00:00 AM

Federal Ins declares 10% cash dividend

Federal Insurance Company Ltd has approved a 10 per cent cash dividend.
27 July 2023, 18:00 PM

Dream71 to develop job portal for East Timor

Dream71 Bangladesh Limited, the country’s leading software company, is set to develop a job portal for the government of East Timor.
27 July 2023, 18:00 PM

ICGAB gets nod to conduct academic activities

The government has allowed the Institute of Certified General Accountants of Bangladesh (ICGAB) to conduct their academic activities and issue certified general accountant degree on some conditions.
27 July 2023, 18:00 PM

First Finance’s board restructured

The stock market watchdog has restructured the board of First Finance as the non-bank financial institution has been performing poorly for a long time.
27 July 2023, 18:00 PM

Dealing with performance pressure

Once, a poultry farmer was advised by his industrialist friend to corporatise his farm and how it would multiply his profits.
27 July 2023, 18:00 PM

Robi returns to profit

Robi Axiata Ltd, the second largest mobile phone operator in Bangladesh, made a Tk 24.4 crore profit in the second quarter of 2023.  
27 July 2023, 18:00 PM

Chattogram port slips three notches

Holding its rank among the busiest seaports worldwide could be compared to climbing an oiled bamboo for Chattogram port as it again slipped by three notches in Lloyd’s List: One Hundred Ports 2023.
27 July 2023, 18:00 PM

Chairmen of banks can be directors in subsidiaries abroad

Bangladesh Bank has relaxed the rules for the chairmen of banks to hold directorship in subsidiaries abroad, according to a notice issued yesterday.
27 July 2023, 18:00 PM

Interest of pre-shipment loans now in line with new reference rate

The central bank has asked banks to fix the interest rate of pre-shipment loans in line with the new reference lending rate as part of its efforts to make it market-based.
27 July 2023, 18:00 PM

ACI to enter aviation market, invest in digital bank

ACI Ltd, one of the leading business houses in Bangladesh, has decided to enter the aviation business and invest Tk 10 crore in a digital bank, said the company.
27 July 2023, 18:00 PM

Bangladesh loses $361m tax a year: report

Bangladesh is losing $361 million worth of tax annually owing to the shifting of profits by multinational companies, especially into tax havens abroad, according to a report by the Tax Justice Network (TJN).
27 July 2023, 18:00 PM