Pharma Aids incurs losses in Oct-Dec quarter

Pharma Aids Limited suffered a loss of Tk 23.71 lakh in the second quarter of the 2022-23 financial year owing to a decline in net sales and an increase in the cost of production.
22 January 2023, 18:00 PM

Wheat acreage expands on record prices

Farmers, buoyed by soaring prices of flour in the domestic market because of the decline in imports, have brought more areas under wheat cultivation this season in a welcoming development.  
22 January 2023, 04:00 AM

Exports dip in first half of current fiscal year

Exports of light engineering equipment, including stainless-steel and iron ware, from Bangladesh have decreased in the first six months of the current fiscal year compared to the same period the year before.
22 January 2023, 03:30 AM

Navigating through rough waters

2023 is already here and no doubt, the last three years have been rough for Bangladesh. It is almost as though a ship at sea navigating and making its way through rough waters during a storm.
22 January 2023, 03:00 AM

Gas, power price hike: Pharma sector fears 25% rise in production cost

Medical treatments are about to get costlier as production cost for manufacturing  drugs will go up by at least 25 per cent following a recent hike in gas and power charges, according to manufacturers.
22 January 2023, 02:30 AM

State banks’ core business in the red

Four state-run commercial banks (SCBs) in Bangladesh are struggling to generate revenue from their core business of lending due to voluminous non-performing loans and the lending rate ceiling.
22 January 2023, 02:00 AM

Xiaomi motherboards now being made locally

Xiaomi, a Beijing-based global smartphone brand, recently announced that the motherboards used in its handsets are now being produced in Bangladesh as the company looks to increase value-addition in the country’s nascent mobile manufacturing industry.
21 January 2023, 18:00 PM

Tough for small factories to survive without layoffs: DCCI

The recent gas and electricity price hikes will push up the production cost of small businesses, said Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI), at an event yesterday.
21 January 2023, 18:00 PM

Adopt policies for marginalised communities

The government should adopt policies to protect the rights of ethnic minorities and the transgender community, one of the poorest and most marginalised population groups in Bangladesh, in order to accelerate poverty reduction, a new report said.
21 January 2023, 18:00 PM

WTO sticks with 1pc projection for growth in global trade

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1 per cent projection for global trade growth in 2023 - for now.
21 January 2023, 18:00 PM

US home sales slump to 12-year low

US existing home sales plunged to a 12-year low in December, but declining mortgage rates raised cautious optimism that the embattled housing market could be close to finding a floor.
21 January 2023, 18:00 PM

Talent shortage rules in tight labour markets

Talent shortages in key sectors are likely to remain a feature of Western economies left with persistently tight labour markets in the wake of the coronavirus pandemic, global staffing company ManpowerGroup said.
21 January 2023, 18:00 PM

Reaching financial inclusion goal to take 200 years at current pace

Reaching the financial inclusion goal would take 200 years for Bangladesh if the country keeps working at the current pace in the area, said Shah Md Ahsan Habib, a professor at the Bangladesh Institute of Bank Management (BIBM), yesterday.    
21 January 2023, 18:00 PM

AUW launches apparel school with HSBC

The Hongkong and Shanghai Banking Corporation (HSBC) and The Asian University for Women (AUW) yesterday jointly launched an “HSBC-AUW School of Apparel and Retail Management” at the educational institution. 
21 January 2023, 18:00 PM

TCB to buy lentils, soybean oil ahead of Ramadan

The Trading Corporation of Bangladesh will purchase 8,000 tonnes of lentils and 1.1 crore litres of soybean oil ahead of Ramadan, the month of fasting for Muslims scheduled to begin in late March. 
20 January 2023, 05:00 AM

Vermicompost production, sale grow in Rangpur

About 10,000 farmers across five districts, namely Lalmonirhat, Kurigram, Gaibandha, Nilphamari and Rangpur, are benefitting from the production, use and sale of vermicompost, which is a natural fertiliser produced by decomposing organic material using earthworms.
20 January 2023, 03:30 AM

Why firms switching to ‘PLC’ suffix

Delta Brac Housing Finance Corporation, a listed non-bank financial institution in Bangladesh, recently announced that it has decided to change its name by adding PLC as a suffix. 
20 January 2023, 03:00 AM

Bangladesh wants MIGA-backed loans at 4% max

Bangladesh plans to pay a maximum of 4 per cent in the interest rate and commissions against the loans to be guaranteed by the Multilateral Investment Guarantee Agency (MIGA), said officials of the commerce ministry yesterday.
20 January 2023, 02:30 AM

Only 8.5% of Western firms have left Russia: study

Despite widespread outrage over Moscow’s war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study.
19 January 2023, 18:00 PM

Cyber security threats to Smart Bangladesh

In 2016, a group of hackers calling themselves “The Impact Team” hacked into Ashley Madison dating website and exposed the personal information of 37 million users.
19 January 2023, 18:00 PM