LPG imports fall amid dollar shortage

Imports of liquefied petroleum gas (LPG) declined due to problems in opening letters of credit (LCs) amidst the ongoing dollar crisis, operators said.
26 October 2023, 18:00 PM

Modern Syntex gets nearly Tk 900cr loans

Modern Syntex Limited, one of the nation’s largest man-made fibre (MMF) producing plants located at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, received a loan of 38 million euros (Tk 440 crore) and a commercial syndicated term loan of Tk 450.5 crore.Forex reserves fall to $20.89b
26 October 2023, 18:00 PM

Forex reserves fall to $20.89b

Bangladesh’s foreign exchange reserves decreased by $60 million in a week to hit $20.89 billion on October 25, according to the central bank data.
26 October 2023, 18:00 PM

PM seeks trade benefit from Belgium, Luxembourg

Prime Minister Sheikh Hasina yesterday called upon Belgium and Luxembourg to continue tariff and quota-free access of Bangladeshi goods to their markets till 2032 under the EBA (Everything but Arms) scheme.
26 October 2023, 18:00 PM

Revenue growth slows as import dips

Revenue collection in Bangladesh grew 14.3 percent year-on-year in the first quarter of the current fiscal year although the pace was slower owing to a decline in imports, official figures showed yesterday.
26 October 2023, 18:00 PM

‘Implementation to be difficult in existing model’

The implementation of the market-driven exchange rate will be difficult in the existing model, said economist Zahid Hussain, suggesting that the central bank seek an alternative model.
26 October 2023, 18:00 PM

BATBC’s profit growth slows

British American Tobacco Bangladesh Company Ltd (BATBC), the largest tobacco product maker in the country, witnessed a slowdown in its profit growth in the first nine months of 2023 mainly due to higher raw material prices and operating costs.
26 October 2023, 17:52 PM

‘Implementation to be difficult in existing model’

The implementation of the market-driven exchange rate will be difficult in the existing model, said economist Zahid Hussain, suggesting that the central bank seek an alternative model.
26 October 2023, 17:52 PM

Modern Syntex gets nearly Tk 900cr loans

Modern Syntex Limited, one of the nation’s largest man-made fibre (MMF) producing plants located at the Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram, received a loan of 38 million euros and a commercial syndicated term loan of Tk 450.5 crore.
26 October 2023, 17:52 PM

PM seeks trade benefit from Belgium, Luxembourg

Prime Minister Sheikh Hasina yesterday called upon Belgium and Luxembourg to continue tariff and quota-free access of Bangladeshi goods (except arms and ammunition) to their markets till 2032 under the EBA (Everything but Arms) scheme.
26 October 2023, 17:49 PM

Self-fulfilling prophecies -- a guide for leaders

Who doesn’t like talking about the boss, especially if he or she happens to be a nasty one. By now, most of us have come across a boss who can predict the future better than an astrologer. And this skill seems to get honed to perfection during the annual appraisal process each year.
26 October 2023, 17:44 PM

Investment proposals drop 34% in Q1

Investment proposals in different sectors fell 34 percent to about Tk 20,962 crore during the July-September period of the current fiscal year, according to the Bangladesh Investment Development Authority (Bida).
25 October 2023, 18:00 PM

IPDC Finance’s profit plunges

IPDC Finance Limited, one of the leading private sector financial institutions in the country, said its profit plunged by 70 percent year-on-year in the nine months to September of 2023.
25 October 2023, 18:00 PM

‘Tough for female entrepreneurs to make decisions independently’

The interference of male family members is hindering women entrepreneurs from making independent decisions in businesses females had founded, experts said yesterday.
25 October 2023, 18:00 PM

Current economic situation challenging for telcos

The current economic situation has emerged as one of the main challenges for the telecom sector  of Bangladesh as sustained high inflation could hinder the purchase of telecom services, according to a top executive of a multinational mobile phone company.
25 October 2023, 18:00 PM

Robi’s profit skyrockets

Robi Axiata Ltd, the country’s second-largest mobile telecom service provider, said its profit surged three-fold in the first three quarters to the end of September this year, buoyed by increased data revenue and reduced expenses for foreign exchange.
25 October 2023, 18:00 PM

Customs bill placed in parliament

The Customs Bill-2023, aiming to ensure fiscal discipline and accountability in import revenue collection and trade facilitation, was placed in parliament yesterday.
25 October 2023, 18:00 PM

Govt to buy LNG from Excelerate under 15-year pact

Bangladesh will purchase liquefied natural gas (LNG) from Excelerate Gas Marketing Ltd Partnership, a subsidiary of Excelerate Energy, under a 15-year contract from 2026. 
25 October 2023, 18:00 PM

National Bank director defaults on AB Bank loan

Rick Haque Sikder, a director of National Bank Ltd (NBL) and chairman of R&R Aviation Ltd, has defaulted on repayments of a loan with AB Bank Ltd, which might cost him the directorship if dues are not cleared in two months.
25 October 2023, 15:52 PM

Nagad gets LoI to open digital bank

Bangladesh Bank today issued a letter with its seal of approval to Nagad Digital Bank for launching a full-fledged digital bank in the country, according to a press release.
25 October 2023, 13:38 PM