Some 14 years past being established, state-run SME Foundation is finally planning on creating a database of small and medium-sized enterprises (SMEs), a basic precondition for its functionality which it has been stating as an objective for long.

Profits of Mozaffar Hossain Spinning Mills rose to Tk 9.79 crore in the July-December period of the ongoing fiscal year (FY) while it had incurred losses of Tk 3.93 crore in the same period in FY2020-21, according to data from the Dhaka Stock Exchange (DSE).

Brac Bank now has 705 agent banking outlets across the country thanks to a rapid network expansion drive.

Dhaka stocks rose for the fifth consecutive day yesterday as investors hope that the impact of Omicron variant of Covid-19 would not be as devastating as many previously thought.

With the goal of attracting local and foreign investment to modernise and reopen closed textile mills, the government has called for open international tenders for four out of 16 textile mills through public-private partnerships (PPP).

The global trend of loan availability at one’s fingertips is gaining grounds in Bangladesh, this time with Prime Bank preparing to launch PrimeAgrim app, an AI-based instant digital nano loan platform.

Consumers have been paying increased prices to buy edible oil, the essential commodity for preparing foods, over the last couple of days even though the commerce ministry yesterday said prices would not increase in the next two weeks.

Bangladesh has beat its record in tea production as a total of 96.50 million kilogrammes (kgs) of the plant were produced by 167 farms across the country last year.

Businessmen yesterday expressed worries over the energy companies’ latest proposal to raise gas prices, as they believe another hike now will increase the cost of production and ultimately slow down the economic revival amid the ongoing pandemic.

The government should reprioritise spending, take steps to reduce corruption and initiate financial sector reforms for better use of public money with a view to overcoming challenges brought on by the pandemic, suggests the International Monetary Fund (IMF).

Dhaka Bank Ltd has arranged Tk 520 crore for Chandpur Power Generations Ltd (CPGL), a sister concern of Doreen Group.

Businessmen today expressed worries over the energy companies’ latest proposal to raise gas prices, as they believe another hike now will increase the cost of production and ultimately slow down the economic revival amid the ongoing pandemic.

Dhaka stocks continued to rise for the fifth consecutive day today as investors continued to bet the impact of Omicron would not be as threatening as many previously thought.

The benchmark index of the Dhaka Stock Exchange (DSE) continued to rise in the first hours of trading today.

The government has no plan to hike edible oil prices in the next 15 days as further review of the prices is needed, Commerce Minister Tipu Munshi said today.

The manufacturers of garment and its accessories today formed a joint committee to expedite export of apparel items.

Bangladesh’s soybean imports will likely grow 33 per cent in marketing year (MY) 2021-22, beginning in October and ending in September, thanks to the increased oilseed crushing capacity of local mills.

Chattogram-based steel producer SS Steel recorded a marginal increase in its year-on-year earnings in the July-September period of 2021.

Participation of investors in the stock market continued to rise yesterday in spite of apprehensions over deterioration of the pandemic.

The Covid-19 pandemic caused global investment activities to fall amid economic uncertainties, lockdowns, supply chain disruptions and postponement of investment by multinational enterprises.