JMI to import 12,500 tonnes of sugar for TCB

Local firm JMI Export Import Company Ltd has won a government contract to import 12,500 tonnes of sugar worth Tk 65.98 crore from Brazil and supply it to the Trading Corporation of Bangladesh.
10 November 2022, 18:00 PM

Transactions thru MFS drop for second month

Transactions through mobile financial services (MFS) dropped for a second month consecutively in August as the festival season started to flatten amid the economic downturn.
10 November 2022, 03:20 AM

Plots remain vacant due to high price of land

The Bangladesh Small and Cottage Industries Corporation (BSCIC) industrial estate in Sreemangal upazila of Moulvibazar has all the required facilities but remains vacant as plot prices are considerably high, according to various entrepreneurs.
10 November 2022, 03:10 AM

Sugar prices hit record high

Sugar prices have started rising afresh to hit a record high of as much as Tk 125 per kilogramme at retail in the two main cities of Bangladesh, namely Dhaka and Chattogram, further straining the wallets of consumers as inflation continues to bite.
10 November 2022, 03:00 AM

Unsold yarn piles up for falling garment exports

The unsold yarn at the spinning mills of Bangladesh is piling up abnormally because of a fall in work orders by 30 per cent for apparel items from international clothing retailers and brands. 
10 November 2022, 02:40 AM

Bida identifies factors holding back furniture sector

The furniture sector is considered a promising sector of Bangladesh thanks to the abundance of labourers, the flow of capital, technological facilities, and higher demand in the global market. 
10 November 2022, 02:30 AM

Stocks manipulation

The involvement of listed and non-listed companies in the manipulation of stocks is growing, an ominous sign for a market already facing a confidence crisis.     
10 November 2022, 02:10 AM

Digital means can halve remittance sending costs

Bangladeshi expatriates would be immensely benefitted if they send remittance through digital platforms as it cuts that cost of sending money from overseas by roughly half, according to a recent study.
9 November 2022, 18:00 PM

Increasing FDI: where it pinches?

Bangladesh has made gradual progress in reducing some constraints on foreign direct investments (FDIs). However, many feel a lot needs to be done when it comes to improving the ease of doing business here.  
9 November 2022, 02:40 AM

Units in Nilphamari flourish despite inadequacies

Although many industrial estates under the Bangladesh Small and Cottage Industries Corporation (BSCIC) seem to be in shambles, the one in Nilphamari paints a picture of success.
9 November 2022, 02:30 AM

Wheat flour prices keep rising

The price of wheat flour has kept rising in the retail market of Bangladesh due to a decrease in imports amid higher costs of the staple in the global markets, handing a fresh blow to the consumers already struggling to make ends meet. 
9 November 2022, 02:20 AM

Economy paying the price of cheap funds

The current lending rate, which equals the inflation rate, has brought about major challenges for the economy as a negative interest rate has prompted many large clients to borrow hugely despite subdued demand, giving them the leeway to divert funds to the unproductive sector. 
9 November 2022, 02:10 AM

City Bank inks deal with Trust Axiata Digital

City Bank has signed an agreement with Trust Axiata Digital (TAD) at the bank’s head office in Dhaka recently.
8 November 2022, 18:00 PM

Associated Oxygen posts 24pc lower profit in FY22

Associated Oxygen Limited (AOL) reported nearly 24 per cent lower profit in the last financial year of 2021-22 for the economic slowdown, the impacts of the Russia-Ukraine war and lower sales of medical oxygen. 
8 November 2022, 18:00 PM

Indo-Bangla pharma posts 80pc profit fall

Indo-Bangla Pharmaceuticals Limited has reported an 80 per cent decline in profit in the year that ended on June 30. 
8 November 2022, 18:00 PM

Competition Commission gets new chairperson

Pradip Ranjan Chakraborty, former secretary of the planning commission, has been appointed as the new chairperson of Bangladesh Competition Commission (BCC).
8 November 2022, 18:00 PM

Shanta to build IDLC’s head office

Non-banking financial institution IDLC Finance is set to start construction of its permanent 20-storey corporate office in the Tejgaon Industrial Area in Dhaka. 
8 November 2022, 18:00 PM

Meghna Cement returns to profit

Meghna Cement Mills Ltd returned to profit in the last financial year.  
8 November 2022, 18:00 PM

Summit Alliance Port’s profit surges 50pc

Summit Alliance Port Limited reported a 50 per cent rise in profit in the year that ended on June 30. 
8 November 2022, 18:00 PM

Uphold values in banking

Parliament Speaker Shirin Sharmin Chaudhury has called upon the banking sector leaders to uphold values and pursue responsible financing to build a sustainable and prosperous future for all.  
8 November 2022, 18:00 PM