Desh Garments gets nod to issue 10% stock dividend

Desh Garments Ltd has received consent from the Bangladesh Securities and Regulatory Commission (BSEC) to issue a 10 per cent stock dividend for the year that ended on June 30.
26 December 2022, 18:00 PM

Evince Textiles to invest Tk 20cr to raise capacity

Evince Textiles Ltd is going to spend Tk 20.42 crore to buy capital machinery in order to raise its manufacturing capacity.
26 December 2022, 18:00 PM

1.7 lakh BO accounts closed in 6 months for stocks gloom

The number of beneficiary owners (BO) accounts has decreased over the last six months in spite of the advent of 60 new stockbrokers in the stock market amidst expectations that the number of investors would increase. 
26 December 2022, 03:30 AM

Lift anti-dumping duty on jute, jute goods

Bangladesh has again proposed that the Indian government refrain from retaining an anti-dumping duty imposed on the country’s jute and jute goods once it ceases to have effect on December 31. 
26 December 2022, 03:00 AM

Remittance outflow crosses $100m -- thru legal channel

Outward remittances from Bangladesh through legal channels crossed the $100-million mark for the first time in 2021 as more foreigners are working in the fast-growing economy, data from a global organisation showed.
26 December 2022, 02:30 AM

Non-bank deposits on the wane

Non-bank financial institutions (NBFIs) have been witnessing a persistent fall in deposits for the past one year as many clients withdrew their savings to manage expenses amid the soaring cost of living and lower returns.
26 December 2022, 02:00 AM

Realtors clock Tk 351cr sales at REHAB fair

Flats, plots, commercial spaces and construction materials worth Tk 351.16 crore were sold and booked at the REHAB Fair 2022, which concluded yesterday.
25 December 2022, 18:00 PM

Digital payments drop in Nepal amid forex restrictions

Electronic payments during the autumn shopping season were down 20 percent, overturning expectations of a spending surge due to the occurrence of sacred festivals, general elections and the FIFA World Cup.
25 December 2022, 18:00 PM

Recession, rate hikes may affect global earnings growth in 2023

Corporate earnings growth is expected to slow in the year ahead in many countries as higher inflation and rising interest rates take an even bigger toll and companies brace for the likelihood of a global economic downturn.
25 December 2022, 18:00 PM

Rice and maize prices up globally, wheat down

Average wheat prices were 5 per cent lower year-on-year in December, while it was up 9 per cent for maize and 12 per cent for rice, according to the World Bank’s Food Security Update.   
25 December 2022, 18:00 PM

ADP spending still low despite pandemic lesson

Just two years back when the pandemic arose, Bangladesh’s healthcare sector faced a dreadful situation with its inadequate equipment and infrastructural facilities.
25 December 2022, 05:00 AM

Rough ride for stock investors as uncertainty rules the roost

The biggest challenge the stock market faced in the outgoing year was floor price as the artificial mechanism made the whole market illiquid and shattered investors’ confidence amid the gloomy economic trends. 
25 December 2022, 05:00 AM

Flats worth over Tk 1cr are a big draw

Apartments worth at least Tk 1 crore with an area of up to 1,250 square feet were the biggest draw at this year’s REHAB Fair, which is an annual housing exhibition currently being held at the Bangabandhu International Conference Centre in Dhaka’s Agargaon.
25 December 2022, 05:00 AM

What worked for Bangladesh

As Bangladesh steps into its 51st year of Independence, one cannot help but applaud its inspiring story of growth. Bangladesh has transformed itself from an economic “basket case” into one of the world’s fastest-growing economies.    
25 December 2022, 05:00 AM

Entrepreneurs fret over lack of gas connection

Azizul Haque Talukder, the proprietor of Mahi Taj Iron Industries, began running his factory at the Bangladesh Small and Cottage Industry Corporation (BSCIC) estate in Netrakona in 2009 in the hopes that he would get a gas connection soon.
25 December 2022, 05:00 AM

Deshbandhu creates 5,000 jobs thru expansion

Deshbandhu Group yesterday claimed that it has created 5,000 new jobs in the last one year after investing Tk 800 crore to expand production.
24 December 2022, 18:00 PM

ICAB gets new office bearers for 2023

Md Moniruzzaman, a senior partner at ACNABIN Chartered Accountants, yesterday was elected president of the Institute of Chartered Accountants of Bangladesh (ICAB) for 2023. 
24 December 2022, 18:00 PM

Awards presented to ‘most loved’ brands

Bangladesh Brand Forum (BBF) has presented awards to local and international brands in Bangladesh, stating that those were “the most loved” in the country. 
24 December 2022, 18:00 PM

High prices buoy hybrid rice cultivation

Farmers are showing interest to use more of their lands to cultivate hybrid rice, encouraged by an increase in domestic market prices, said seed sellers yesterday. 
24 December 2022, 18:00 PM

Seasonal business flourishes as demand for date molasses soars

While date molasses is being sold at Tk 160 per kilogramme (kg) in local markets, the same product made by seasonal producers is going for up to Tk 200 per kg from the factory floor, according to traders.
23 December 2022, 15:00 PM