Mercantile Bank Q3 profit up 35%

Mercantile Bank PLC has reported a 35 percent increase in profit for the July-September quarter of this year.
26 October 2024, 18:00 PM

Berger Paints posts Tk 56cr profit in Q2

Berger Paints Bangladesh Ltd reported a Tk 56.59 crore profit for the July-September quarter of its current financial year.
26 October 2024, 18:00 PM

Nvidia overtakes Apple as world’s most valuable company

Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips.
26 October 2024, 18:00 PM

Competition Commission’s role in inflation management

The rising tide of inflation in Bangladesh is more than a mere statistic; it represents a growing crisis affecting everyday lives. With inflation hitting 10.49 percent in August 2024 -- down from a staggering 11.66 percent in July -- consumers feel the pinch in their wallets.
26 October 2024, 18:00 PM

New policy for goods transport by lighters draws opposition

A recently formulated policy for transporting imported cargoes from Chattogram to different parts of the country has failed to be enforced thanks to strong opposition from importers and vessel owners, as they accused the system of posing threats to monopolise control over vessel serials and fares.
26 October 2024, 18:00 PM

Reform data first before making policies: analysts

Economists and entrepreneurs say at a dialogue organised by the Centre for Governance Studies
26 October 2024, 13:58 PM

Bangladesh Bank expands inflation battle with rate hike

The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.
22 October 2024, 18:00 PM

Gold hovers near record high

Gold prices rose on Tuesday and hovered near a record high hit in the previous session, amid uncertainties around the US election, the ongoing Middle East tensions and expectations of central banks cutting interest rates.
22 October 2024, 18:00 PM

Proposed policy reforms conducive to business confidence

The policy reforms being considered in Bangladesh will not only improve its business climate, but also increase foreign investment in the country, according to the top official of Excelerate Energy.
22 October 2024, 18:00 PM

Domestic factors account for 74% of inflation: BB

Domestic products were the primary drivers of inflation in Bangladesh, accounting for 74 percent of the overall inflation in September 2024.
22 October 2024, 18:00 PM

Online return filing a must for certain govt officials

In a major push toward automation, the National Board of Revenue (NBR) yesterday made the online filing of tax returns mandatory for government officials under tax zones of the Dhaka, Narayanganj and Gazipur city corporations.
22 October 2024, 18:00 PM

Garment exports to EU decline 3.53% in Jan-Aug

Bangladesh retained second position in garment exports to the European Union (EU), but shipments of apparel from the South Asian country to the bloc declined 3.53 percent in the January-August period to $12.90 billion owing to political turmoil and labour unrest, according to data from the Eurostat.
22 October 2024, 18:00 PM

Revenue receipts fall 6% in Jul-Sep

Revenue collection in the first quarter of the current fiscal year showed a 6 percent year-on-year decline, raising concerns that the interim government’s fiscal space may be squeezed further amid the contractionary monetary policy.
22 October 2024, 18:00 PM

Rate hike further dampens investment mood

In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.
22 October 2024, 18:00 PM

Hidden financial strain of sister concerns

The financial sector in Bangladesh is grappling with a significant issue stemming from the unchecked proliferation of “sister concerns” within large local business groups.
22 October 2024, 18:00 PM

Former DMP DB chief Harun's accounts frozen

It will also be investigated whether they have any other income and assets in addition to what was shown on their income tax documents, the CIC official said.
21 October 2024, 16:42 PM

BTRC fines top three mobile operators Tk 15 lakh

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to impose a fine of Tk 15 lakh on Grameenphone, Robi and Banglalink for breaching industry regulations.
19 October 2024, 18:00 PM

Strong institutions a prerequisite for successful reforms

This year’s Nobel Prize in economics has been awarded to British-Americans Simon Johnson and James Robinson and Turkish-American Daron Acemoglu, whose work and research in economics have been to explain how some countries manage to stay ahead of the curve while others fail to do so.
19 October 2024, 18:00 PM

Lack of funding slows SME policy implementation

A lack of necessary funding and coordination among the affiliated organisations has been one of the main reasons for the slow implementation of the SME Policy 2019, leaving many provisions unrealised, said Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI).
19 October 2024, 18:00 PM

ICB optimistic about sovereign guarantee for Tk 3,000cr

The Investment Corporation of Bangladesh (ICB) is positive about getting a sovereign guarantee from the government for a Tk 3,000-crore fund so that the country’s lone state-run investment bank can revitalise itself and continue supporting the stock market.
19 October 2024, 18:00 PM