BB to implement int’l reporting standards by 2027

The Bangladesh Bank issued a roadmap for scheduled banks to implement an expected credit loss (ECL) methodology-based provisioning system that aligns with international financial reporting standards by 2027.
23 January 2025, 18:00 PM

Tk 3,000cr to be raised through sukuk for rural infrastructure

The government has decided to issue Tk 3,000 crore worth of sukuk, a Shariah-compliant bond, in March to fund the construction of bridges to connect rural roads.
23 January 2025, 18:00 PM

Cold storage owners call to suspend potato imports

The Bangladesh Cold Storage Association (BCSA) has requested the government to suspend potato imports to protect the country’s farmers from a financial disaster.
23 January 2025, 18:00 PM

Economy slowing, negative revenue growth shows the sign

For Bangladesh, it is no longer the question of whether the economy is destined for a hard landing or a glide to a flat state; rather the question now is how deep the descent will be.
23 January 2025, 18:00 PM

World's major port handlers show interest to invest in Bangladesh

Chief Adviser Yunus told Sulayem that Bangladesh wants to make Chittagong port more efficient and build more ports along the coast of the Bay of Bengal.
23 January 2025, 15:54 PM

Refiners shelve plan to hike edible oil prices

Edible oil refiners have withdrawn a decision to increase prices of soybean and palm oil before Ramadan. .On January 21, the Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association wrote a letter to the commerce secretary, informing that they would not be increasing the
23 January 2025, 15:26 PM

Withdraw increased VAT, duties on processed food items: agro-processors

The Bangladesh Agro-Processors' Association submitted a memorandum to the NBR
23 January 2025, 14:30 PM

Bangladesh loses over 2,500 hectares of cultivable land every year: DAE

The DAE has undertaken a new plan to produce safe food
23 January 2025, 13:54 PM

Bangladesh to raise Tk 3,000 crore in Sukuk for rural bridge project

Bangladesh Bank will float it in March this year
23 January 2025, 13:43 PM

Suspend potato imports: cold storage owners

The NBR has allowed potato imports through nine more customs stations along with four existing ones
23 January 2025, 13:19 PM

St Martin's Island: Businesses call for extending permission for travel, overnight stay

Under the banner, "Saint Martin's Island Environment and Tourism Protection-Development Alliance", the businesses made the demand at a press conference organised at the Economic Reporters Forum (ERF) auditorium at Paltan today
23 January 2025, 12:42 PM

Malek Spinning Mills’ profit rises 21%

The company made Tk 50.72 crore profit in Q2
23 January 2025, 07:56 AM

Runner Automobiles’ Q2 profit rises 600%

Increased three-wheeler sales drove the profit
23 January 2025, 07:41 AM

Laid-off Beximco workers demand reopening of factories

They made the demand at a press conference at the Capital Market Journalists’ Forum (CMJF) office in Dhaka.
23 January 2025, 07:07 AM

Dhaka stocks rebound in morning trade 

DSEX gained 13.16 points as of 11:10 am  
23 January 2025, 05:35 AM

Brokers request CSE not to open earlier than DSE

Stockbrokers yesterday requested the Chittagong Stock Exchange (CSE) to refrain from opening half an hour ahead of the Dhaka Stock Exchange (DSE) for trading, reasoning that it may lead to massive fluctuations once the two synced..The number of stocks traded at the CSE is just 5 percent of
22 January 2025, 18:26 PM

Bangladesh must switch to hollow blocks to reduce pollution

Clay bricks cost Tk 12 per piece. A hollow block, which is four times larger than a clay brick, is priced at Tk 50.
22 January 2025, 18:00 PM

Walton’s director gifting Tk 600cr shares to spouse, daughter

SM Rezaul Alam, one of the sponsor directors of Walton Hi-Tech Industries PLC, is transferring shares worth a total of Tk 610 crore as per the current market value to his daughter and spouse “by way of gift”.
22 January 2025, 18:00 PM

Summit urges Petrobangla not to scrap third LNG project

Summit Group has urged Petrobangla to reconsider its decision to cancel the country’s third floating storage and regasification unit (FSRU) project.
22 January 2025, 18:00 PM

Why Bangladesh is falling behind in RMG export to US

Bangladesh’s garment shipments to the USA, the South Asian country’s single largest export destination, have been falling over the past two years due to a market correction although other major countries have already adjusted to the scenario.
22 January 2025, 18:00 PM