BTRC approves terms for auditing Teletalk

The Bangladesh Telecommunication Regulatory Commission (BTRC) has finalised key steps for auditing Teletalk, including setting goals, outlining the scope and detailing tasks for the process.
30 December 2024, 18:00 PM

Robi gets acting CEO

Robi Axiata has appointed an acting CEO as Rajeev Sethi was assigned to a new role within Axiata Group, according to a letter sent to the Bangladesh Securities and Exchange Commission.
30 December 2024, 18:00 PM

Economic woes far from over

Just a year ago, this newspaper ran a story leaving a question for our readers as to whether Bangladesh would be able to put its economy back on track in 2024.
30 December 2024, 18:00 PM

Stock market lost steam in 2024

The year 2024 witnessed a lacklustre performance of the stock market as the benchmark index faced erosion, average daily turnover showcased no significant rise while no notable company entered the market.
30 December 2024, 18:00 PM

BB plans to raise exchange rate amid forex volatility

After seven months of implementing a crawling peg exchange rate system in spot purchases and sales of US dollars, the Bangladesh Bank (BB) is now considering increasing the mid-rate to Tk 119 from Tk 117 per greenback, according to central bank officials.
30 December 2024, 18:00 PM

Summit Power gets time to submit financial statement

The Bangladesh Securities and Exchange Commission (BSEC) has granted Summit Power time to submit its financial statement, according to a disclosure published on the Dhaka Stock Exchange website yesterday.
29 December 2024, 18:00 PM

Decoding the economic impact of BDT/USD movements

In 2024, we have seen the highest devaluation of the Bangladeshi taka (BDT) against the United States dollar (USD).
29 December 2024, 18:00 PM

Global commodity prices may drop in 2025. Can Bangladesh benefit from it?

Global commodity prices are projected to decrease in 2025, but Bangladesh may fail to reap the benefits if the depreciation of the local currency continues.
29 December 2024, 18:00 PM

Financial services sector yet to reach full potential

The financial services sector of Bangladesh is yet to reach its full potential despite the significant advancements seen so far, according to Ahsan H Mansur, governor of the Bangladesh Bank.
29 December 2024, 18:00 PM

Can apparel industry weather any storm? 2024 offers clues

For the local apparel industry, 2024 was a year marked by challenges, recoveries and a renewed sense of hope as the global market began to brighten -- proving once again the resilience of Bangladesh’s apparel might.
29 December 2024, 18:00 PM

Sergel nearing Tk 1,000cr annual sales

Sergel is heading towards generating Tk 1,000 crore in annual sales as over Tk 900 crore worth of the gastrological medicine was sold in the first nine months of this year, according to information technology company IMS Health.
29 December 2024, 18:00 PM

Foreign fund flow, new pledges dwindle as debt servicing surges

Bangladesh’s foreign debt servicing surged 28 percent year-on-year in the first five months of fiscal year 2024-25 owing to the country’s expanded foreign loan portfolio and a rise in global interest rates.
29 December 2024, 18:00 PM

Truth not to be told

A Moulana shared a viral story about his childhood friend, an eloquent speaker who became the Imam of a modern mosque in Dhaka.
28 December 2024, 18:00 PM

Inflation, political uncertainty eat through furniture recovery

After two years of sluggish business, local furniture makers saw a slight improvement in sales in June, only to meet with nationwide student protests culminating in a fierce anti-government campaign that ultimately ousted the Awami League regime in early August.
28 December 2024, 18:00 PM

Bottled soybean oil still in short supply

Despite a decision by the interim government to hike soybean oil prices nearly three weeks back, many kitchen markets across Bangladesh, including the capital Dhaka, are missing an adequate supply of the key cooking ingredient.
28 December 2024, 18:00 PM

Inflation outpaces wage growth for 34 months straight

Many low-income and unskilled workers in Bangladesh’s agriculture, industrial and service sectors are being compelled to reduce consumption as rising inflation eroded their real incomes over the past three years.
28 December 2024, 18:00 PM

A rush to heal exposed banking wounds

In October, a video on social media showed the manager of Social Islami Bank’s Agargaon branch breaking down in tears after enduring harsh verbal abuse from frustrated customers seeking to withdraw cash.
28 December 2024, 18:00 PM

Western Marine plans to export eight ships by 2025

After a pause of five years, shipbuilder Western Marine Shipyard Ltd is planning to export eight ships to a buyer of the United Arab Emirates (UAE) by next year. 
28 December 2024, 18:00 PM

Local mechanics rev up the road, now govt needs to catch up

Amid the worldwide development of electric vehicles, which is changing the traffic landscape away from fossil fuels, Bangladeshi mechanics brought their humble version of an e-vehicle to the road: a battery-run rickshaw -- awkwardly wired, with visible battery units slinging on the back.
27 December 2024, 18:00 PM

Vietnam may surpass Bangladesh in garment export: report

Vietnam is set to generate $44 billion this year through garment exports, surpassing Bangladesh, which is currently the world’s second-largest garment exporter, according to a Vietnamese media report.
26 December 2024, 18:00 PM