He had been serving as president for over a decade, exceeding the limits set by the association's regulations

Workers postponed strike

The central bank raised the key policy rate by 50 basis points to 10 percent yesterday, making borrowing costlier for the 11th consecutive time to tame inflation as spiralling prices remain a headache for the interim government.

Dhiraj Roy, a farmer from Maljhar village in Biral upazila of Dinajpur, is reconsidering plans to cultivate early varieties of potatoes on his 50-decimal plot of land as the rising cost of seeds and agricultural inputs is straining his limited budget.."Each kilogramme (kg) of Çhalisa varie

The financial sector in Bangladesh is grappling with a significant issue stemming from the unchecked proliferation of “sister concerns” within large local business groups.

Gold prices rose on Tuesday and hovered near a record high hit in the previous session, amid uncertainties around the US election, the ongoing Middle East tensions and expectations of central banks cutting interest rates.

The policy reforms being considered in Bangladesh will not only improve its business climate, but also increase foreign investment in the country, according to the top official of Excelerate Energy.

Domestic products were the primary drivers of inflation in Bangladesh, accounting for 74 percent of the overall inflation in September 2024.

In a major push toward automation, the National Board of Revenue (NBR) yesterday made the online filing of tax returns mandatory for government officials under tax zones of the Dhaka, Narayanganj and Gazipur city corporations.

Bangladesh retained second position in garment exports to the European Union (EU), but shipments of apparel from the South Asian country to the bloc declined 3.53 percent in the January-August period to $12.90 billion owing to political turmoil and labour unrest, according to data from the Eurostat.

Revenue collection in the first quarter of the current fiscal year showed a 6 percent year-on-year decline, raising concerns that the interim government’s fiscal space may be squeezed further amid the contractionary monetary policy.

In an effort to curb stubbornly high inflation, the central bank’s latest interest rate hike has sparked concerns among the business community as they argue that the increased cost of borrowing will strain their existing ventures and dampen future expansion plans.

Transactions in bank accounts of 14 members of the family will remain blocked for 30 days

This is the 11th time since May 2022 the BB hiked the repo rate to make money expensive for banks and tame demand to curb inflation.

Increased expenses weigh on cash flow

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), advanced 45 points, or 0.87 percent, to 5,218 as of 1:36 pm today, with Tk 218 crore traded

Persistent inflation driven by high commodity, energy prices and currency depreciation

Lower sales and higher tax payments are the reasons behind the loss

Far East Knitting & Dyeing Industries Ltd reported a profit of Tk 35.87 crore for the financial year ending on June 30, 2024, reflecting a 3.7 percent increase year-on-year.

Premier Cement Mills PLC, one of Bangladesh's leading cement manufacturers, reported a profit of Tk 74.23 crore for the financial year ending on June 30, 2024.