BSEC to probe Gemini’s unusual stock price hike

The stock market regulator yesterday formed an investigation committee to find whether any market manipulation is responsible for the recent unusual share price hike of Gemini Sea Food.
25 October 2022, 18:00 PM

3-day US trade show begins tomorrow

A three-day trade show will begin in the capital from tomorrow to showcase American products and services in Bangladesh and give a boost to bilateral trade. 
25 October 2022, 18:00 PM

MJL Bangladesh logs lower profit

MJL Bangladesh Ltd reported a 15.53 per cent year-on-year decline in profit at Tk 201.45 crore in the financial year that ended on June 30. 
25 October 2022, 18:00 PM

Quasem Industries posts 61pc lower profit

Quasem Industries Ltd made Tk 3.56 crore profit in the financial year that ended on June 30, down more than 61 per cent from a year earlier.   
25 October 2022, 18:00 PM

City Bank’s profit up in Jul-Sep

The City Bank Ltd reported a 10.60 per cent year-on-year increase in profit at Tk 112.85 crore in the July-September quarter of 2022.  
25 October 2022, 18:00 PM

Customs approves sale of 71 luxury cars

Chattogram Custom House has approved the handover of 71 luxury cars to the highest bidders at an auction for a total of just Tk 12.53 crore even though the vehicles have a combined market value of Tk 114 crore.
25 October 2022, 05:00 AM

Harvest Aman early

The Department of Agricultural Extension (DAE) has advised farmers to harvest Aman paddy instantly if the maturity of the grain is 80 per cent in order to avoid damage by cyclone Sitrang.
25 October 2022, 03:30 AM

FSIBL to bring cutting-edge tech for customers

First Security Islami Bank Ltd will ensure cutting-edge technology in cloud-based banking to extend better and safer customer services along with going the extra mile for wider financial inclusion on the occasion of its 25th anniversary in 2024.
25 October 2022, 03:20 AM

Payra Port: Tk 4,950cr dredging kicks off Thursday

The Payra Port Authority (PPA) is set to begin the much-hyped capital dredging project in Rabnabad channel at a cost of Tk 4,950 crore to facilitate entry of large ships.
25 October 2022, 03:10 AM

Food makers in a pickle for sudden sugar price hike

The sudden rise in the price of sugar, a key ingredient for popular items such as biscuits, juices, sweets and candies, has pushed up the cost of production, putting manufacturers in a tight spot. 
25 October 2022, 03:00 AM

Wages growth consistently stays below inflation

Growth of monthly wages of workers has consistently remained below the inflation rate, or spiral in the prices of goods and services, worsening conditions of their families. 
25 October 2022, 02:50 AM

Insurance firms spend beyond regulatory limits

Over half of the life insurance companies in Bangladesh exceeded their allowable management expense in 2021, putting a negative impact on life funds and eroding their capacity to settle claims.
25 October 2022, 02:40 AM

First jet fuel plant goes into operation

Partex Petro Ltd, an oil refinery, has started production and marketing of aviation fuel, becoming the first company in Bangladesh to manufacture the finished product for the growing air transport market. 
25 October 2022, 02:10 AM

Jalalabad Gas logs Tk 259cr pre-tax profit

Jalalabad Gas Transmission and Distribution System Ltd (JGTDSL), Sylhet raked in Tk 259.22 crore in profit before tax in fiscal year 2021-2022.
24 October 2022, 18:00 PM

GSP Finance’s profit plunges 70pc in Apr-Jun

GSP Finance Company (Bangladesh) Limited’s profit plunged 70 per cent year-on-year to Tk 1.66 crore in the April-June quarter of 2022. 
24 October 2022, 18:00 PM

IPDC Finance posts 17pc lower profit in Jul-Sep

IPDC Finance Limited reported a 17 per cent lower profit at Tk 18.18 crore in the July-September quarter of 2022.   
24 October 2022, 18:00 PM

Shyampur Sugar posts Tk 26.52cr loss in 2021-22

Shyampur Sugar Mills Ltd reported a loss of Tk 26.52 crore in the last financial year.  
24 October 2022, 18:00 PM

Telcos call for uninterrupted power supply

Telecom operators yesterday urged the government to ensure uninterrupted power in several areas in the southern coastal region in order to keep telecommunication services unaffected amid tropical cyclone Sitrang. 
24 October 2022, 18:00 PM

Preparing to participate in global talent supply chain

Bangladesh is rich in human resources. In addition to supporting its domestic production in sectors such as readymade garments, manufacturing and agriculture, it supports many overseas industrial activities.
24 October 2022, 03:00 AM

Liquidity stress major concern for banks

The ongoing liquidity stress has become a major concern for Bangladesh’s banking sector as people hardly park funds with lenders due to higher consumer prices, which have turned the return on deposits negative, said a top banker. 
24 October 2022, 02:40 AM