Profit of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the first nine months of the 2020-21 fiscal year powered by higher sales, lower finance and operating costs.

Bangladesh can save $500 million a year by recycling the cotton waste as garment factories and textile millers produce a huge volume of leftovers of the key raw material, according to a study.

The provision base of the banks in Bangladesh deteriorated heavily in the first quarter of 2021 because of the surging bad loans, highlighting the worsening health of the banking industry.

The VAT Intelligence today filed a case against a restaurant in Banani area of Dhaka for allegedly conducting business without VAT registration and embezzling Tk 35 lakh VAT collected from customers in fake invoices.

Bangladesh Bank has instructed banks to keep their doors open from 10am to 3.30pm for customers until July 15.

Bangladesh government has donated about US$ 7.66 million to debt-ridden Sudan, a member country of the Organisation of Islamic Cooperation (OIC).

Noting that South Korea has played a key role in developing Bangladesh’s RMG sector to become the world’s second-largest exporter, Ambassador Lee Jang-Keun highlighted the importance of furthering bilateral commercial ties beyond RMG to various sectors such as bio-pharmaceutical and ICT.

Finance Minister AHM Mustafa Kamal yesterday said it would be possible to check money laundering by enacting new laws, creating investment-friendly environment and bringing the culprits into book by resolving pending money laundering cases.

Nestle Bangladesh today started its infant formula processing, filling and packaging plant at its factory in Sreepur of Gazipur at a cost of Tk 150 crore.

British inflation unexpectedly jumped above the Bank of England's target in May when it hit 2.1%, part of a post-lockdown climb in prices that is expected gather pace.

Japan’s exports rose at the fastest pace since 1980 in May and a key gauge of capital spending grew, helping the world’s third largest economy offset sluggish domestic demand as COVID-19 vaccinations boost business activity in key markets.

The cost of living in Dhaka city went up by 6.8 per cent in 2020 due to the hike in prices of commodities and services amid the Covid-19 pandemic, according to a report of the Consumers Association of Bangladesh (CAB).

Profits of BSRM Ltd soared 197 per cent year-on-year to Tk 273 crore in the nine months of the current financial year of 2020-21 powered by higher sales, lower finance and operating cost.

The government has withdrawn its plans to phase out reconditioned car imports over the next five years considering the growing demand for private transport, according to the draft Automobile Industry Development Policy 2021.

The stock market bounced back yesterday as investors came out from the profit booking tendency that prevailed for the last two days.

The Dhaka Stock Exchange (DSE) has filed a case against Banco Securities on discovering a shortfall of Tk 60 crore in its consolidated customers’ account.

IDLC Finance has recently witnessed the appointment of a new chief executive officer (CEO) and managing director (MD).

Recruiting agencies will have to pay higher advance income tax (AIT) on service charges or fees they earn from migrant workers going abroad, according to tax measures proposed by the National Board of Revenue (NBR) for the next fiscal year of 2021-22.

Bangladesh is hurtling to become an aged society, a worrying sign as it will pose challenges to its development aspiration since there will be more elderlies and the days of cheap workers will be over.

Abu Zafore Md Saleh, managing director of Islamic Finance and Investment, has resigned over allegations of breaching rules and regulations in recruiting employees and enjoying financial benefits.