Atlas, Runner team up to grab a slice of Tk 500cr helmet market

State-owned Atlas Bangladesh and private manufacturer Runner Automobiles have teamed up to cater to the growing local market for motorcycle helmets, which currently relies on imported products.
25 November 2024, 18:00 PM

Banks reel from liquidity crisis despite rising deposit rates

Despite rising interest rates on deposits and various efforts by the central bank, Bangladesh’s banking sector continues to face a liquidity crisis that has hamstrung some lenders.
25 November 2024, 18:00 PM

Govt to speed up development spending to revive economy

The interim government is going to ask ministries to accelerate the implementation of ongoing development projects, Planning Adviser Prof Wahiduddin Mahmud said, as he believes this would help avert a further economic slowdown.
25 November 2024, 18:00 PM

MJL to spend up to $47m to buy oil tanker

Mobil Jamuna Lubricants (MJL) Bangladesh Ltd, which blends and markets lubricants and grease products, yesterday announced that its board has approved the purchase of a used oil tanker within a range of $45 million to $47 million.
25 November 2024, 18:00 PM

It’s time to forget Silicon Valley formula and build our own

The world has long been captivated by Silicon Valley: the land of endless innovation, where founders start in garages and build tech giants. It is a formula that many have tried to emulate, but it’s time for Dhaka to write its own recipe—one that works for our unique context, strengths, and challenges.
25 November 2024, 18:00 PM

Poor navigability disrupts cargo transport through Nagarbari port

Nagarbari port, one of the largest riverports in Bangladesh, is mainly used to facilitate the transport of imported fertiliser and coal from Chattogram to 16 northern districts of the country.
25 November 2024, 18:00 PM

BB asks banks to rebuild image

Bangladesh Bank yesterday asked banks to find a way to rebuild the image of the country’s banking sector in the international arena as Moody’s recently downgraded Bangladesh’s long-term ratings to B2 from B1.
25 November 2024, 18:00 PM

Jewellers cut gold prices by Tk 1,890 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 140,376
25 November 2024, 14:33 PM

Electronic filing of tax return doubles since July

Over 5 lakh submitted e-returns since July 1 to November 24
25 November 2024, 14:18 PM

Stocks rebound after two-day losing streak

DSEX gains 19.69 points as of 11:02 am 
25 November 2024, 05:19 AM

Efficient cross-border trade a boon for LDC graduation: ICCB

With the increase in international trade of Bangladesh, efficient cross-border trade will have notable implications for the country’s status graduation from the least developed country (LDC) to a developing one, said Mahbubur Rahman, president of the International Chamber of Commerce Bangladesh
24 November 2024, 18:32 PM

Stocks fall for second day

Stocks in Bangladesh yesterday stretched their losing streak to two days consecutively as investors grappled with the fallout of Moody’s recent downgrade of the country’s foreign credit rating..The US-based credit rating agency also revised its long-term economic outlook for Bangladesh fro
24 November 2024, 18:01 PM

Targeted cash transfers can cut poverty by a third: CPD

Targeted cash transfers to poor households could reduce Bangladesh’s poverty rate by 6.13 percentage points, according to the Centre for Policy Dialogue (CPD), as the think-tank argued that current social safety net programmes are plagued by inefficiencies such as errors in beneficiary selection.
24 November 2024, 18:00 PM

MGI’s $700m investment in Cumilla EZ stuck in energy crisis

Three production units owned by Meghna Group of Industries (MGI) have been sitting idle inside the Cumilla Economic Zone despite two years having passed since construction works were completed due to a lack of gas and power connections
24 November 2024, 18:00 PM

Fed survey finds inflation fading

President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising US debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according to a new Federal Reserve survey released on Friday.
24 November 2024, 18:00 PM

Renata approves Tk 325cr preference shares

Leading local drugmaker Renata PLC has issued preference shares of up to Tk 325 crore to refinance its loans.
24 November 2024, 18:00 PM

Global banks weigh halting fresh credit to Adani

Some global banks are considering temporarily halting fresh credit to India’s Adani Group but staying put with existing loans following US prosecutors’ indictment of its billionaire founder Gautam Adani for fraud, sources said.
24 November 2024, 18:00 PM

Accelerating revenue collection by NBR

There is no denying that Bangladesh’s economy has grown at a fast and more or less constant rate since the early 90s. Similarly, our dependence on foreign loans and grants for development budget had also reduced after, among others, the introduction of VAT.
24 November 2024, 18:00 PM

Panel to address labour unrest at Beximco factories

The government has formed a six-member committee to review the labour and business environment at the Beximco Industrial Park, an enclave of 24 industrial units owned by troubled conglomerate Beximco.
24 November 2024, 18:00 PM

Container handling at Ctg port rises 10% in Aug-Oct

There has been a significant year-on-year rise in the number of containers handled at Chattogram port in the three months till October while there was a drop in the overall handling of cargo and ships.
24 November 2024, 18:00 PM