Starting from nowhere, pharma sector becomes a lifesaver

The year 1982 was a watershed in the history of the pharmaceutical industry of Bangladesh as the government stepped in to lay the foundation for its stellar growth in the subsequent decades.
26 April 2024, 18:00 PM

Stocks lose lustre as investment tool

Since the floor price removal, the stocks have been bleeding owing to massive sell-offs by local and foreign investors as the economic uncertainty persists
26 April 2024, 00:56 AM

Stocks fall further despite new circuit breaker

The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), plunged 60 points, or 1 percent to 5,518.
26 April 2024, 00:54 AM

USTR identifies Bangladesh among top-five counterfeit product suppliers

China (together with Hong Kong) continues to be the largest origin economy for counterfeit and pirated goods, accounting for more than 85 percent of global seizures of counterfeit goods from 2017 to 2019.
26 April 2024, 00:54 AM

Poultry farmers in a bind as chickens succumb to heatwave

Sumon Howlader, president of the Bangladesh Poultry Association (BPA), claimed that marginal farmers have suffered losses totalling around Tk 200 crore in the past 10 days due to the effects of the heatwave.
26 April 2024, 00:54 AM

Heatwave leaves no impact on RMG production

So far, any loss of productivity or major casualty has been averted while no incident related to the thin presence of workers or missing shipment deadlines has been recorded.
26 April 2024, 00:54 AM

IMF suggests raising power, gas and fertiliser prices

The International Monetary Fund yesterday recommended reducing government subsidies by hiking prices of power, gas and fertiliser, and spending the saved money on society safety net programmes.
25 April 2024, 18:00 PM

Many tech startups to collapse if tax exemption goes: experts

The income tax exemption period for the software and information technology services sector is set to expire in June of this year.
25 April 2024, 00:57 AM

IMF calls for smaller budget amid low revenue receipts

The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June, should be smaller than the projection, citing a low revenue collection, according to a number of finance ministry officials who attended the meeting.
25 April 2024, 00:57 AM

BSEC narrows circuit breaker limit to halt panic selling

The BSEC issued an order recalibrating the circuit breaker, saying that stocks of listed companies would not be allowed to fall more than 3 percent based on the previous day's closing price.
25 April 2024, 00:57 AM

Bay Terminal may draw $8b FDI

The Bay Terminal project’s two container terminals, a multipurpose terminal and an oil and gas terminal will all be implemented wholly with FDI, said the CPA chairman.
25 April 2024, 00:57 AM

EU's new supply chain law to improve labour conditions in Bangladesh

The Parliament’s vote came on the 11th anniversary of the tragic collapse of the Rana Plaza building, which killed 1,138 garment workers and injured more than 2,000 others.
25 April 2024, 00:01 AM

Tax receipts rise 15% in July-March, close to IMF target

Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.
23 April 2024, 00:55 AM

Allure of bonds, forced selling blamed for stock market rout

In the two and a half months preceding last Sunday, the DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 794 points, or 12 percent.
23 April 2024, 00:55 AM

BGMEA again seeks duty-free garment exports to US market

At the meeting, the BGMEA also urged the USTR to put pressure on US clothing retailers and brands to increase the per unit price paid for garment items sourced from Bangladesh.
23 April 2024, 00:55 AM

Govt's debt servicing for foreign loans surges 49%

In the July-March period of fiscal year 2023-24, the government paid $1.05 billion in interest, which is 117 percent higher than the $485 million it paid during the same period a year ago.
23 April 2024, 00:55 AM

3rd Loan Tranche: IMF team to focus on four key areas

During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.
22 April 2024, 18:00 PM

Unearth real data of bad loans

At the end of December 2023, Bangladesh's banking sector had NPLs worth Tk 145,600 crore, around 9 percent of total outstanding loans, central bank data showed.
22 April 2024, 00:47 AM

Govt may lower corporate tax to encourage compliance

The National Board of Revenue will likely propose reducing the tax on corporate profits by 2.5 percentage points for both listed and non-listed companies.
22 April 2024, 00:47 AM

Sonali Bank, BDBL get nod from boards for merger

The board of directors of BDBL approved the merger plan in an emergency meeting on April 8, said Md Habibur Rahman Gazi, managing director and CEO of the bank.
22 April 2024, 00:47 AM