High production costs plunge Singer Bangladesh into second quarter loss

The DSEX advanced 7.29 points to reach 5,399.34 by 11:48 am

With nudges from the International Monetary Fund and backing from the World Bank and Asian Development Bank, Bangladesh has embarked on a long-overdue three-year reform plan for its ailing banking sector.

Bangladeshi conglomerate Square Group is going for a massive expansion both at home and abroad, said Tapan Chowdhury, managing director of Square Pharmaceuticals Ltd, a key arm of the group.

The Bangladesh Satellite Company Limited (BSCL), the state-run satellite operator, has struck a deal to resell the satellite internet services of Starlink, the satellite internet arm of Elon Musk’s SpaceX.

This will likely have a detrimental effect on the country's exports, alongside prices of imported products

Says finance adviser; the amount is way below IMF’s $35b estimate

The failure to check trade misinvoicing is a collective failure of the authorities, National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan said yesterday, describing the situation as “alarming”.

The chamber held its 30th annual council in Dhaka

BNP leader Fakhrul highlights escalating bribery, blames lack of good governance and police reform

Blue chip BRAC bank achieves $1 billion market value, leading banking sector.

S&P Global has kept its long-term credit ratings on Bangladesh’s economy unchanged at B+ as the country works to rebuild external liquidity amid ongoing political uncertainty.

Bangladesh’s goal of a cashless future is colliding with failed projects, user mistrust, and an economy that thrives on cash

Bangladesh Bank yesterday withdrew its internal advisory on workplace attire following an instruction from Governor Ahsan H Mansur amid widespread criticism.

The government has issued an ordinance to transform Cox’s Bazar’s Moheshkhali area into a major industrial and commercial centre, anchored by the establishment of the Matarbari deep-sea port, to attract both domestic and foreign investment.

The private education sector has generated employment at a slow rate, yet its contribution to the economy has risen at a higher rate, according to the latest survey report of the Bangladesh Bureau of Statistics (BBS).

Customers can now recharge their registered mobile numbers with a single tap on the bKash app, without requiring a PIN or biometric verification, for amounts of up to Tk 1,000.

Pubali Bank PLC has recently inaugurated its New Market Islamic banking branch in Bogura to provide modern Shariah-based banking services.

Bank Asia PLC has signed a memorandum of understanding with Apollo Imperial Hospitals Chattogram to provide exclusive healthcare benefits for its cardholders.

Prime Bank PLC and HATIL Complex Limited have signed an agreement to enhance HATIL’s financial operations through specialised payroll banking and digital cash management services.