Issue bonds, rely less on call money market

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) to take initiatives such that they can mobilise funds issuing bonds instead of relying much on the interbank call money market. 
1 February 2023, 18:00 PM

Remittance hits five-month high

Remittance flow to Bangladesh rose to a five-month high in January as banks have made an all-out effort to mobilise US dollars from abroad to overcome the stress in the foreign exchange market. 
1 February 2023, 18:00 PM

Concord to construct 5th block plant

Concord Group is going to set up its fifth green block manufacturing plant installing a German machine in Munshiganj’s Gajaria upazila. 
1 February 2023, 18:00 PM

Unilever Bangladesh appoints new finance director

Unilever Bangladesh yesterday appointed its first female finance director. 
1 February 2023, 18:00 PM

South Korea slides toward recession

South Korea’s economy inched toward its first recession in three years as data on Wednesday
1 February 2023, 18:00 PM

Emirates runs demo flight using sustainable aviation fuel

Emirates has operated a demonstration flight on the use of a 100 per cent sustainable aviation fuel (SAF) to power one of the engines of a Boeing 777-300ER.  
1 February 2023, 18:00 PM

 Pay ‘ethical’ price for apparel

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday asked
1 February 2023, 18:00 PM

Draft digital commerce act facing backlash

E-commerce entrepreneurs yesterday came down heavily against the formulation of a new law to regulate the sector, saying that it would hinder the development of digital commerce in Bangladesh.
1 February 2023, 18:00 PM

Small industries pressured by higher costs

The government’s decision to increase the power tariff twice last month has created undue pressure on small industries that are unable to keep up with rapidly rising production costs, according to various businesspeople.
1 February 2023, 03:00 AM

IMF explains its latest loan

With the approval of a $4.7 billion loan by the International Monetary Fund (IMF) for Bangladesh easing much of the concerns regarding its economy, IMF Mission Chief to Bangladesh Rahul Anand answers some questions about the arrangement.
1 February 2023, 02:30 AM

Relaxed rules failed to speed up default loan recovery

The recovery of default loans is still weak in Bangladesh despite offering relaxed repayment policies for three consecutive years to 2022 as delinquent borrowers are not paying back funds on time, hitting banks’ income and cash flow. 
1 February 2023, 02:00 AM

Access to finance main barrier for businesswomen

Access to finance is still the main barrier for women-led small-and-medium enterprises (SMEs) in Bangladesh, according to various experts.
31 January 2023, 18:00 PM

ACI profit drops in spite of sales growth

ACI, one of the country’s leading business conglomerates, saw lower profits year-on-year during the July-December period of fiscal year 2022-23 despite securing higher sales. 
31 January 2023, 18:00 PM

BSRM posts over 52% fall in profit

Bangladesh Steel Re-Rolling Mills Limited reported a more than 52 per cent decline in profit in the first half of the ongoing financial year owing to the higher cost of production amid tighter market conditions.   
31 January 2023, 18:00 PM

Square Pharma’s profit up, Square Textiles’ down

Square Pharmaceuticals saw higher profits year-on-year in the first half of the current fiscal year of 2022-23 though the growth was lower. Meanwhile, profits of its sister concern, Square Textiles, declined. 
31 January 2023, 18:00 PM

Garment sector to get much-needed female leaders

The HSBC-AUW School of Apparel and Retail Management would not only prepare female leaders required for the country’s apparel sector but would also help replace thousands of foreigners employed in the mid- and top levels of factories, discussants said recently.
31 January 2023, 18:00 PM

Belal Ahmed now SIBL’s acting chairman

Social Islami Bank Ltd (SIBL) has appointed Belal Ahmed as the acting chairman of its board of directors after Md Mahbub Ul Alam resigned.
31 January 2023, 18:00 PM

Jewellery expo in Dhaka from Feb 9

The Bangladesh Jeweller’s Association (Bajus) is going to organise a three-day expo from February 9 in hopes of heightening the country’s position in the global gold jewellery market and thereby improve the local industry.
31 January 2023, 18:00 PM

Power Grid sinks into losses

The Power Grid Company of Bangladesh, a state-run listed electricity grid management and transmission entity, incurred a loss in the first half of the financial year of 2022-23 in spite of securing higher sales. 
31 January 2023, 18:00 PM

DITF ends bagging Tk 300cr orders

Defying all odds, purchase orders worth Tk 300 crore were placed with exhibitors of the annual monthlong 27th Dhaka International Trade Fair (DITF)-2023 at Bangladesh-China Friendship Exhibition Center in Purbachal. 
31 January 2023, 18:00 PM