United Commercial Bank's profit rose 3.6 percent year-on-year to Tk 272.23 crore last year. The private commercial bank disclosed the annual earnings at a programme at its corporate office in Dhaka yesterday.

The fourth industrial revolution might hit Bangladesh's economy badly and create huge challenges for the country if it fails to embrace advanced digital technology, experts said yesterday.

Bangladesh will no longer enjoy concessional loans once it graduates from the least-developed country bracket, said Finance Minister AMA Muhith yesterday.

Bangladesh needs to ease the cost of doing business and bring in massive regulatory reforms to create a conducive business environment to sustain the graduation from the least developed country grouping, said a noted economist yesterday.

There are challenges to the graduation from Least Developed Country (LDC) status for Bangladesh, however there are possibilities as well, Finance Minister Abul Maal Abdul Muhith says.

Bangladesh will finally graduate to a developing country by 2027 with improvements in per capita income, human asset index and economic vulnerability, Commerce Minister Tofail Ahmed said yesterday.

The government has decided to provide the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) 500 acres of land inside a special economic zone located in Mirersharai of Chittagong in a bid to boost apparel exports in the years to come.

Baraka Patenga Power, a subsidiary of Baraka Power, is set to go public by using the book building method to raise Tk 225 crore to set up two power plants and pay back loans.

Realtors yesterday said a recent price hike of construction materials such as rods and cements will raise apartment prices, impacting sales.

Handset imports rose 9.6 percent to 3.4 crore units last year despite a spike of 5 percentage points in import duty.

Rod prices are spiralling with the soaring prices of melting scraps in the international market in the wake of US's announcement of 25 percent and 10 percent tariffs on steel and aluminium imports respectively from March 23.

Digicon Technologies Limited has decided to issue its share through IPO (Initial Public Offering) for business expansion and diversification. In this regard, a tri-party agreement has been signed between Digicon Technologies Limited, ICB Capital Management Limited (ICML) and Janata Capital and Investment Limited (JCIL) as issue management service providers on March 18th, 2018.

Islamic Finance and Investment Limited has recently declared 14.5 percent cash dividend for its shareholders for the year that ended on December 31, 2017.

Shahjalal Islami Bank has recently appointed Mian Quamrul Hasan Chowdhury as deputy managing director.

Trust Bank has recently appointed Junaid Masroor as deputy managing director.

Bangladesh terms it a historic day as it attains all three criteria for graduation from the least-developed country (LDC) group to developing one.

Predicting the future is rarely an easy task, but even partial indications of what would happen can give you a significant strategic edge. Hence, we are excited to launch the Business Confidence Index which gives you a sneak peak into what the private sector of Bangladesh is thinking—which industries are businesses most optimistic about? Which sectors may face difficulties? How do they feel about the profitability of their own enterprises? Where do they see the opportunity space for Bangladesh and what are the greatest challenges?

Bangladesh Submarine Cable Company Ltd (BSCCL) has kick-started the preparations for its third undersea cable link

Finance Minister AMA Muhith says that state owned banks and Investment Corporation of Bangladesh (ICB) will buy 60 percent shares of trouble-hit The Farmers Bank Limited.

The government has slashed the development budget for the current fiscal year by about 4 percent by reducing its reliance on aid and