Bank Asia makes Tk 305cr profit in 2022

Bank Asia Ltd posted a 12 per cent year-on-year increase in profit to Tk 305.47 crore in the financial year that ended on December 31.
19 March 2023, 18:00 PM

In praise of redundancy

Redundancy in the corporate world, technology, business, or sports is commonplace. Although redundancy always conveys a negative connotation, it is inevitable. Then how can redundancy be praiseworthy? It all depends on how we look at it.
19 March 2023, 18:00 PM

US bank failures and role of central banks

We just witnessed the collapse of two large US banks -- Signature Bank and Silicon Valley Bank (SVB). A few others are also reportedly in the same mess.
19 March 2023, 03:30 AM

Wooden trawler industry on the wane

The once vibrant wooden trawler industry in Bangladesh is losing its sheen as the use of these vessels has gradually declined over the years, according to manufacturers
19 March 2023, 03:00 AM

‘EV industry to draw millions of dollars’

Bangladesh has the potential to become a hub for manufacturing electric vehicles (EV) as industries for the production of components such as batteries and tyres have already been established while the growing population assures market viability
19 March 2023, 02:30 AM

Sales of electric vehicles rising gradually

Electric vehicles (EVs), including plug-in hybrids, will one day dominate the automobile market in Bangladesh as the demand for cars run on alternative fuel is slowly gaining ground, according to importers and distributors.
19 March 2023, 02:00 AM

Reforms need political will, not IMF

Reforming economic policies in Bangladesh to avoid corruption and disparity and ensure good governance requires strong political will, not the conditions of the International Monetary Fund (IMF), said economists yesterday. 
18 March 2023, 18:00 PM

Banks asked to give Tk 25 lakh each for football tournament

The Bangladesh Association of Banks (BAB), a platform of the sponsors of lenders, has asked 41 commercial banks in the country to pay Tk 25 lakh each to help organise an inter-bank football tournament.
18 March 2023, 18:00 PM

Watermelon enters export basket

In a first for Bangladesh, a consignment of watermelon has been shipped to Malaysia through Chattogram port by Sattar International, a vegetable exporter based in the port city.
18 March 2023, 18:00 PM

BGMEA to go all out for post-LDC duty benefit

Apparel exporters will begin lobbying with major trading partners and blocs from next month to win their support for Bangladesh’s efforts aimed at retaining duty benefits for six more years after the graduation of the nation from the group of least-developed countries.
18 March 2023, 18:00 PM

Take cautious steps to face war-induced challenges

Bangladesh needs to take cautious steps and ensure proper coordination among macroeconomic policies to face the challenges brought on by the Russia-Ukraine war, experts said yesterday.
18 March 2023, 18:00 PM

IT knowledge, infrastructure key to Smart Bangladesh

The government needs to emphasise on digital education, upskilling youths with IT knowledge and developing IT infrastructure in order to achieve its “Smart Bangladesh” initiative, according to experts.
18 March 2023, 18:00 PM

Bank Asia Securities’ AGM held

Bank Asia Securities Limited organised its 12th annual general meeting (AGM) at Bank Asia Tower in Karwan Bazar, Dhaka last week. 
18 March 2023, 18:00 PM

Walton launches products of 3 European brands

Electrical and electronics manufacturer Walton has recently launched products availing trademarks of three European brands aiming to emulate the quality standards. 
18 March 2023, 18:00 PM

First Security Islami Bank wins Wasa award

First Security Islami Bank won a “Dhaka Wasa Bill Collection Award” for financial year 2021-22. 
18 March 2023, 18:00 PM

Gold sparkles in stormy week for markets

Gold prices surged more than 2 per cent on Friday as a wave of banking crises shook global markets and put bullion on track for its biggest weekly rise in three years, while bets solidified for a less aggressive Federal Reserve in its fight against inflation.
18 March 2023, 18:00 PM

New platform to address barriers of women-led businesses

The SME Foundation in partnership with the International Trade Centre has launched SheTrades Bangladesh Hub to address the barriers women face to access economic opportunities.
18 March 2023, 18:00 PM

Price of MS rod crosses Tk 1 lakh

Bangladesh’s construction sector is facing challenges due to frequent hikes in the price of mild steel (MS) rod and other major construction materials while slow development activities have put many workers out of job, according to industry people.
17 March 2023, 02:00 AM

Protection of environment, labour rights key to future growth of RMG

Both the European Union and the United States yesterday reiterated their calls to protect labour rights and the environment for the sustainability of the apparel business in Bangladesh.
16 March 2023, 18:00 PM

Cepa could be a game-changer for Indo-Bangla trade

The planned comprehensive economic partnership agreement (Cepa) could be a game-changer for both India and Bangladesh in terms of trade, said Indian High Commissioner Pranay Verma yesterday.
16 March 2023, 18:00 PM