Sea Pearl’s profit more than doubles

Sea Pearl Beach Resort & Spa Limited’s profit surged more than 118 per cent year-on-year to Tk 16.13 crore in the last financial year as people have begun travelling again following the improvement in the coronavirus situation.   
12 October 2022, 18:00 PM

Saudi firm wants to invest in Patenga terminal

Red Sea Gateway Terminal (RSGT), operator of Saudi Arabia’s largest terminal facility at Jeddah Port, has proposed investing in the operation, maintenance and modernisation of the newly built Patenga Container Terminal (PCT) of Chattogram Port.
12 October 2022, 18:00 PM

UCB Investment wins Independence Golden Jubilee Award-2021

UCB Investment won first prize in the merchant banking category of the Independence Golden Jubilee Award-2021 by the Bangladesh Securities and Exchange Commission.
12 October 2022, 18:00 PM

Gas exploration best option to beat energy crisis: ICCB

Bangladesh would have faced an energy crisis even if the Russia-Ukraine war had not taken place as production at local gas fields has been declining since 2015 and will continued to drop in the near future, according to the International Chamber of Commerce Bangladesh (ICCB).
12 October 2022, 18:00 PM

Euro zone industry output soars in August

Euro zone industrial production soared in August far beyond expectations as manufacturers boosted investment despite fears of an upcoming recession, official estimates showed on Wednesday.
12 October 2022, 18:00 PM

Shipbreaking slumps by half amid lower imports

Scrap vessel imports slumped by half in the first nine months of the year as Bangladesh Bank is discouraging lenders from opening letters of credit to curb the depletion of forex reserves amid the soaring cost of the US dollar.
12 October 2022, 04:00 AM

Freight forwarders seek bonded warehouses to handle export cargoes

The government should allow freight forwarders to set up and run bonded warehouse facilities with a view to handling export and import cargoes smoothly, said Bangladesh Freight Forwarders Association (BAFFA) Vice President Khairul Alam Suzan. 
12 October 2022, 03:40 AM

Vibrant bond market needed to curb NPLs: FBCCI

The government should declare that it will develop the bond market on a priority basis to reduce the pressure on banks for long-term financing, bring down non-performing loans, and provide people with a low-risk investment tool, according to business leaders.
12 October 2022, 03:30 AM

Dollar buy- sell gap should be Tk 1: BKMEA

The Bangladesh Knitwear Manufacturers and Exporters Association (BKMEA) yesterday demanded that Bangladesh Bank narrow down the gap in the exchange rate between the US dollar and the taka as they were losing money from export receipts. 
12 October 2022, 03:20 AM

Trading of govt bonds takes place

The trading of treasury bonds and bills took place on the stock exchanges of Bangladesh yesterday, a day after their debut. 
12 October 2022, 02:50 AM

Akij now making faucets

Akij Group, one of the biggest local industrial conglomerates, yesterday announced embarking on manufacturing and selling bathroom fittings under the brand name Akij Bathware to grab a portion of the Tk 1,400 crore-worth domestic sales and go for exports. 
12 October 2022, 02:40 AM

BB relaxes rules on borrowing to exporters

Bangladesh Bank yesterday said businesses that export goods guaranteed by reputed export credit agencies (ECAs) will be able to enjoy loans as per their need, even if it goes beyond the single borrower exposure limit.
12 October 2022, 02:20 AM

Worsening electricity supply fresh blow to industries

Industries, already under huge pressure for the fall in gas supply and higher input costs, have been hit with power outages in the last few days, which have raised the production cost and may force factories to cut output. 
12 October 2022, 02:10 AM

StanChart Saadiq holds ‘Living Islam’ session

Standard Chartered Saadiq Bangladesh recently hosted the fourth session of its “Living Islam” series, titled “Islamic Perspective on Wealth Creation, Accumulation, and Distribution.”
11 October 2022, 18:00 PM

IBA prof elected Asia marketing federation chief

A professor of the Institute of Business Administration (IBA) at the University of Dhaka has been elected president of Asia Marketing Federation. 
11 October 2022, 18:00 PM

Debt crisis engulfing developing countries: UNDP

The United Nations’ Development Programme (UNDP) joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now taking hold in the poorest parts of the world.
11 October 2022, 18:00 PM

BSCCL’s profit jumps 31pc in 2021-22

Bangladesh Submarine Cable Company Limited (BSCCL) posted more than 31 per cent higher profit in the year that ended on June 30.  
11 October 2022, 18:00 PM

ICSB elects president

The Institute of Chartered Secretaries of Bangladesh (ICSB) recently elected its president for a three-year term from 2022 to 2025. 
11 October 2022, 18:00 PM

DCCI urges Iran to import more

The Dhaka Chamber of Commerce and Industry (DCCI) President Rizwan Rahman yesterday urged Iranian businesses to import more garments, jute goods, light engineering products and others from Bangladesh. 
11 October 2022, 18:00 PM

Sikder Insurance representative denied nod to be NBL director

Bangladesh Bank has denied giving permission to a representative of Sikder Insurance Company to serve as a director of National Bank Ltd (NBL). 
11 October 2022, 02:40 AM