ID for Online Businesses: Only 14% of applications granted

Only around 14 per cent of applications filed by e-commerce companies have been granted digital business identification (DBID) certificates since the registration process was initiated over a year ago.
20 April 2023, 03:30 AM

Monipuri weavers see huge sales ahead of Eid

Weavers of traditional Monipuri-style clothing in greater Sylhet passed busy days ahead of the upcoming Eid-ul-Fitr as sales and prices have been good amid the ongoing festive season, which contributes most of their annual earnings.
20 April 2023, 03:00 AM

Landline use down drastically

The number of public switched telephone network (PSTN) users has decreased over the past decade, falling below half a million as mobile phones have become ubiquitous while landline operators failed to expand network coverage.
20 April 2023, 02:30 AM

Eid shopping hits full steam

It was 11.45 pm on Tuesday. Shopping malls and markets usually remain shut at this hour of the day. But, the bustling shopping district for clothing and lifestyle items in the Mirpur-1 area was abuzz with shoppers.
20 April 2023, 02:00 AM

Gemini Sea Food’s profit jumps

Gemini Sea Food Ltd’s profit jumped 20,400 per cent year-on-year to Tk 5 crore in the January-March quarter of the current financial year.
19 April 2023, 18:00 PM

Unique Group to open two Indian chain hotels in Dhaka

Borak Real Estate Ltd (BREL), a concern of local business entity Unique Group, will open in Bangladesh two Indian chain hotels -- Taj and Vivanta.
19 April 2023, 18:00 PM

Why does sustainable finance matter?

Sustainable finance has emerged as a critical issue in the global financial landscape as investors are increasingly shifting towards assets with positive social impact, taking into account environmental, social, and governance (ESG) criteria.
19 April 2023, 18:00 PM

MCCI donates Tk 1.42cr to traders

The Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) yesterday gave away Tk 1.42 crore among 142 small traders whose businesses in the capital’s Bangabazar have been severely affected by a devastating fire on April 4.
19 April 2023, 18:00 PM

90% RMG factories paid festival bonus so far: BGMEA

About 82.19 per cent of garment factories paid partial salaries to their workers for April as of yesterday dispelling worries that many factories might fail to clear payments before Eid-ul-Fitr, according to data from the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).
19 April 2023, 18:00 PM

Matin Spinning’s profit nosedives

Matin Spinning Mills PLC’s profit dipped 95.5 per cent year-on-year to Tk 1.07 crore in the third quarter of the current financial year.   
19 April 2023, 18:00 PM

Genex Infosys’s profit up 13.8% in Q1

Genex Infosys Limited made a Tk 8.57 crore profit in the third quarter of the current financial year, an increase of 13.80 per cent from a year earlier. 
19 April 2023, 18:00 PM

Fan sales soar as heatwave continues

The demand for electric fans has increased significantly in Bangladesh as the scorching summer heat has become nigh unbearable in recent times.
19 April 2023, 04:30 AM

Litchi farmers fear lower yields this year

Litchi farmers are concerned about potentially lower yields this year due to poor weather conditions, which hampered the flowering and budding stages of the fruit.
19 April 2023, 04:00 AM

Gender gap in mobile money use still wide in Bangladesh

The gender gap in mobile money account ownership is 55 per cent in Bangladesh as mobile ownership among men is growing at a faster pace than among women, according to a global report.
19 April 2023, 03:30 AM

Banking sector at a crossroads

Recent bank failures in the US and Switzerland have raised many questions regarding bankers’ role in the financial world. Questions are being asked: Can societies manage without banks even if their failure causes so much misery?
19 April 2023, 03:00 AM

bKash returns to profit on higher finance income

Bangladesh’s largest mobile financial service company bKash returned to profit in 2022 on the back of higher net finance income, snapping a three-year losing streak.  
19 April 2023, 02:30 AM

Export to Asia growing fast

Bangladesh’s exports to Asian markets are growing steadily thanks to increasing demand from several major markets but the country needs to sign trade pacts and diversify products in a continent where the consumer class is fast expanding.     
19 April 2023, 02:00 AM

Sea Pearl’s profit surges 800% in Q3

Sea Pearl Beach Resort & Spa Limited recorded a 793 per cent year-on-year spike in profit to Tk 37.79 crore in the third quarter of the current financial year.
18 April 2023, 18:00 PM

Premier Cement posts Tk 30cr profit in Jan-Mar

Premier Cement Mills PLC posted a Tk 30.79 crore profit in the January-March quarter of 2022-23, an increase of 1,985 per cent year-on-year.
18 April 2023, 18:00 PM

Crystal Insurance reelects chairman

Crystal Insurance Company Limited has reelected its chairman. 
18 April 2023, 18:00 PM