ACI CO-RO opens fruit drinks plant in Araihazar

ACI CO-RO Bangladesh Ltd, a joint venture between ACI Ltd and Danish soft-drinks company CO-RO A/S, yesterday opened a new factory to make fruit drinks under the Sunquick brand.
7 February 2024, 00:56 AM

BBS misses deadline to publish quarterly GDP report

The Bangladesh Bureau of Statistics (BBS) has missed its December deadline to publish a quarterly gross domestic product (GDP) report, under a move to provide a timely status of the health of the economy.
7 February 2024, 00:56 AM

Jiban Bima stops selling pension policy after govt rolls out scheme

State-run Jiban Bima Corporation (JBC) has stopped selling its popular yet unprofitable private pension insurance policy since December 1, months after the government rolled out the Universal Pension Scheme.
7 February 2024, 00:36 AM

Subletting surges as rents go through the roof

Mohammad Abu Eusuf, a private sector employee who lives in Dhaka’s Mirpur, earns about Tk 23,000 per month. But the income is not adequate for him to manage his monthly expenses given the ongoing inflationary pressure.
7 February 2024, 00:15 AM

Agri minister seeks high-yielding Indian seeds

Agriculture Minister Md Abdus Shahid has sought India’s cooperation in keeping high-yielding varieties of seeds out of the purview of restrictions so that those can be produced and cultivated in Bangladesh.
6 February 2024, 01:34 AM

NBR plans to extend same facilities granted to RMG

The National Board of Revenue will provide all export-oriented sectors with the same facilities afforded to garment exporters to diversify exports, NBR Chairman Abu Hena Md Rahmatul Muneem said yesterday.
6 February 2024, 01:34 AM

Mobile internet subscriber number drops for 4th month

The mobile internet subscriber base in Bangladesh fell for four consecutive months until December last year as the regulator’s bar on purchasing short-term packages combined with inflationary pressures to impact consumers.
6 February 2024, 00:44 AM

Steel products get costlier as customs hikes assessment value

The prices of all types of steel products have gone up by Tk 5,000 to Tk 15,000 per tonne within the span of a week after the customs department increased the assessment value by a large margin, traders said.
6 February 2024, 00:34 AM

GP profit rebounds but its dividend lowest in 9 years

Grameenphone Ltd, the most valued company in the stock market, said its profit rebounded in 2023 after two consecutive years of decline, buoyed by higher revenue generated from increased voice only and data only services.
6 February 2024, 00:12 AM

Textile millers seek a way out as gas crisis worsens

Faced with a chronic gas crisis and volatile exchange rates, a number of ailing textile millers are putting their factories up for sale as they are no longer able to contend with losses stemming from dwindling production.
6 February 2024, 00:10 AM

DSE turnover crosses Tk 1,600cr after 16 months

Daily turnover of the Dhaka Stock Exchange (DSE) soared to a 16-month high of Tk 1,654 crore yesterday thanks to the increased participation of some major individual investors.
5 February 2024, 15:26 PM

Govt may review decision on export incentive cuts

Finance Minister Abul Hassan Mahmood Ali yesterday assured garment exporters that the government may review its decision to cut export incentives considering the move's impact on the apparel industry.
4 February 2024, 21:38 PM

Five simple habits that will change your future income

How can we increase our income level by following a few simple habits? Why are few of us successful in our financial life?
4 February 2024, 21:14 PM

Magura Group's paper companies to merge for better business

Two listed paper companies of Magura Group are being merged with its two other companies to enhance their performance and product quality, explained the group yesterday.
4 February 2024, 21:14 PM

Exports hit record $5.7b in January

The merchandise exports rebounded strongly in January as manufacturers shipped goods worth $5.72 billion, the highest in a single month, which, coupled with a rise in remittances and a fall in imports, could ease pressure on the economy.
4 February 2024, 21:14 PM

Economy rebounding: finance minister

The country’s overall macroeconomic situation is improving on the back of rising exports and remittances, Finance Minister Abul Hassan Mahmood Ali said yesterday.
4 February 2024, 21:14 PM

Gas crisis choking ceramics makers

The persistent gas crisis in Bangladesh has been severely hindering the nation’s ceramics industry over the past three to four months, leading to a roughly 20 percent drop in overall production quality in the sector.
4 February 2024, 01:43 AM

Startup ecosystem: challenges and agenda to scale up

The world's economic landscape is changing, shifting influence from the West to the East. In this transformation, Bangladesh, marked by a tech-savvy youth population is on the path of emerging as a promising hub for startups.
4 February 2024, 01:43 AM

Investors flock to risk-free treasury bills for higher returns

Government treasury bills, popularly known as T-bills, have become a lucrative tool to park funds for investors and savers driven by a record spike in yields in recent months.
4 February 2024, 01:41 AM

Shwapno’s loss spirals to Tk 1,600cr in 15 years as finance cost gets heavier

Shwapno, the leading retail chain brand in Bangladesh, started making operating profit, but its loss accumulated to Tk 1,661 crore over the past 15 years largely due to mammoth loans that are pushing up finance costs every year.
4 February 2024, 01:41 AM