Oil sinks after Saudi-driven rally

Oil prices sank Tuesday as dealers mulled the weak demand outlook after having rallied the previous day on output cuts from key crude producer Saudi Arabia.
6 June 2023, 18:00 PM

Sonali Aansh’s profit plummets 83% in Q3

Sonali Aansh Industries Limited posted an 83 per cent year-on-year decline in profit in the third quarter of the current financial year.  
6 June 2023, 18:00 PM

228 ISPs have licences revoked

The Bangladesh Telecommunication Regulatory Commission (BTRC) recently cancelled the licences of 228 internet service providers (ISPs) for failing to convert their licences in accordance with guidelines.
6 June 2023, 18:00 PM

Corporate tax cuts needed for financial sector

The financial sector is going through a challenging situation owing to a surge in the borrowing cost and its impact on profitability, so a cut in corporate tax rates may help the sector gain momentum and boost the economy, said a top executive of a non-bank financial institution.
6 June 2023, 18:00 PM

Ecnec clears 18 projects with estimated cost of Tk 11,388 cr

The Executive Committee of National Economic Council (Ecnec) today approved a total of 18 development projects with the overall estimated cost of Tk 11,388 crore..The approval came from the Ecnec meeting presided over by Ecnec chairperson and Prime Minister Sheikh Hasina.."Today 18 p
6 June 2023, 13:27 PM

Govt cuts public food imports to save forex

Bangladesh plans to cut public foodgrain imports in the next fiscal year in an effort to save foreign currencies and avoid putting further pressure on the already strained forex reserves. 
6 June 2023, 02:20 AM

39 firms to get productivity, quality award

Thirty nine firms are going to get the “National Productivity and Quality Excellence Award 2021” in recognition of their continuous improvement in productivity and quality. 
6 June 2023, 02:10 AM

3 submarine cable firms to team up owing to US dollar crunch

Three private submarine cables have backtracked from their initial decisions to supply bandwidth separately through undersea cables and have now agreed to collaborate on one connection amid the US dollar shortage. 
6 June 2023, 02:00 AM

How industries are coping

Over the last couple of weeks, power cuts have become a pretty regular event.
6 June 2023, 01:40 AM

MetLife inks deal with Dhaka Bank

MetLife Bangladesh and Dhaka Bank Limited have signed an agreement, enabling the insurer’s agents to access a range of the retail banking products.
5 June 2023, 18:00 PM

Ring Shine Textiles’ losses widen

Ring Shine Textiles Ltd incurred a loss of Tk 74 crore in the July-March period of the current financial year as its utility and net interest costs surged.  
5 June 2023, 18:00 PM

ECB sees no peak in core inflation despite moderation: Lagarde

European Central Bank President Christine Lagarde on Monday acknowledged “signs of moderation” in core inflation in the euro zone but reaffirmed it was too early to call a peak in that key gauge of price growth.
5 June 2023, 18:00 PM

Grameenphone to halve carbon emission by 2030

Leading telecom operator Grameenphone has pledged to reduce its carbon emissions by 2030.
5 June 2023, 18:00 PM

Oil market rallies on Saudi output cut

Oil rallied Monday after key producer Saudi Arabia slashed output by a million barrels in a bid to prop up prices, while fellow Opec+ members agreed to continue current cuts to 2024.
5 June 2023, 18:00 PM

Board of directors: first frontier in building an ethical organisation

Remember the ethical lapses at Volkswagen, Wells Fargo, Wirecard and Enron?
5 June 2023, 18:00 PM

Onion prices decline as imports begin

Onion prices witnessed a sharp fall in different parts of Bangladesh yesterday, a day after the government gave the go-ahead to import the vegetable from India.
5 June 2023, 18:00 PM

Steel prices unlikely to cool down

The price of steel products is unlikely to decline in the coming days from its current record level as the budget for the upcoming fiscal year has not offered any benefit to the sector, said a top executive.
5 June 2023, 18:00 PM

BAJUS demands amendment to baggage rule

The Bangladesh Jeweller’s Association (BAJUS) has proposed reducing the maximum weight of gold jewellery a person can bring from abroad under the baggage rule to 50 grams.
5 June 2023, 18:00 PM

39 firms to get National Productivity and Quality Excellence Award 2021

The industries ministry shared the names through a gazette notification
5 June 2023, 15:00 PM

Cut gold jewellery-carrying limit for travellers to 50g: Bajus

The gold ornament makers' body placed budget reaction
5 June 2023, 12:40 PM