Invest in developing skills, technical know-how

Entrepreneurs and economists have urged Germany to invest in developing the skills and technical know-how of youths in Bangladesh so that it can embrace the fourth industrial revolution.
31 October 2022, 18:00 PM

MTB logs Tk 223cr profit in 9 months

Mutual Trust Bank logged a profit of Tk 223 crore in the January-September period of 2022. 
31 October 2022, 18:00 PM

BGMEA seeks German support for upskilling

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought cooperation from Germany for the development of Bangladesh’s apparel industry, especially in the fields of environmental sustainability and skills development.
31 October 2022, 18:00 PM

StanChart, Friendship to benefit Kurigram char residents

Standard Chartered Bangladesh and Friendship, which terms itself a social purpose organisation, recently signed an agreement to run a project for 750 residents of Ghughumari Char, a remote island in Kurigram. 
31 October 2022, 18:00 PM

CDIP clients can pay instalments through Nagad

Nagad Ltd has signed a memorandum of understanding with the Centre for Development Innovation and Practices (CDIP) to ease microcredit operations, said a press release. 
31 October 2022, 18:00 PM

Alltex Industries returns to profit after six years

Alltex Industries Ltd made a profit in the financial year that ended on June 30.  
31 October 2022, 18:00 PM

Farmers suffer nearly Tk 350cr loss for Sitrang

Cyclone Sitrang, which swept across Bangladesh last week, has caused losses of around Tk 350 crore for 150,000 farmers in almost half of the country, the agriculture ministry said yesterday.
31 October 2022, 18:00 PM

GPH Ispat sees profit plummet

GPH Ispat Ltd’s profit fell more than 18 per cent year-on-year to Tk 149.39 crore in the financial year that ended on June 30. 
31 October 2022, 18:00 PM

Barguna BSCIC estate off to a slow start

Only eight out of 61 plots have so far been allotted in the BSCIC industrial estate in Barguna as entrepreneurs are not showing much enthusiasm in securing land for higher costs in the coastal district well-known for agricultural produce and fisheries.  
31 October 2022, 02:40 AM

Sugar mills’ fallow lands to be used for cultivation

The fallow lands of different government organisations, including sugar mills, will be brought under cultivation, Agriculture Minister Muhammad Abdur Razzaque said yesterday.
30 October 2022, 18:00 PM

Berger to build Tk 480cr factory

Berger Paints Bangladesh has decided to invest Tk 480 crore to establish a factory in Bangabandhu Sheikh Mujib Shilpa Nagar. 
30 October 2022, 18:00 PM

October’s RMG export earnings may fall 20pc

Earnings from apparel shipments in October may dip 20 per cent year-on-year for high inflation in Europe due to the Russia-Ukraine war and a production shortfall for the ongoing energy crisis in factories, said the BGMEA chief yesterday.
30 October 2022, 18:00 PM

High current account deficit may lead to financial crisis

The economy might fall into a financial crisis and face a growth slowdown if the existing pace of higher current account deficit persists for three to five years, warned the Policy Research Institute of Bangladesh (PRI) yesterday. 
30 October 2022, 18:00 PM

Huawei, BGMEA to promote use of green energy

The ICT infrastructure provider Huawei yesterday signed a memorandum of understanding (MoU) with Bangladesh Garment Manufacturers and Exporters Association (BGMEA) to address the current energy crisis and move towards building a greener Bangladesh.
30 October 2022, 18:00 PM

Public, private players should work jointly to achieve SDGs

Speakers at a roundtable yesterday emphasised on a coordinated effort from the public and private sectors of Bangladesh to achieve the Sustainable Development Goals (SDGs).
30 October 2022, 18:00 PM

BSRM Steels logs Tk 327cr profit in FY22

BSRM Steels Limited posted a 7.6 per cent higher profit in the last financial year that ended on June 30. 
30 October 2022, 18:00 PM

Bata Shoe’s sales surge 51pc

Bata Shoe Company (Bangladesh) Limited’s sales rose 51 per cent year-on-year to Tk 213 crore in the July-September quarter on the back of increased turnover during Eid festivals and promotional activities.
30 October 2022, 18:00 PM

United Power makes Tk 1,000cr profit in FY22

United Power Generation Distribution Company logged a profit of around Tk 997 crore in fiscal year 2021-22 although it was a year-on-year decrease of 8 per cent, something it cited was due to the devaluation of the local currency against the greenback. 
30 October 2022, 18:00 PM

Is hundi here to stay?

Hundi might be informal, but it is quite well-organised and more importantly, it is perceived to be much easier and more convenient in comparison to the formal banking system.  
30 October 2022, 02:40 AM

State sugar agency has little to sell though prices rocket

With sugar prices making new records almost every day for a supply crunch at home and abroad, pushing up the cost of making sweetener-based foods, state-run Bangladesh Sugar and Food Industries Corporation (BSFIC) can’t increase the supply to provide some relief to consumers. 
30 October 2022, 02:20 AM