Consistent and synergistic innovation has powered Bangladesh’s growth in the last few decades.

The government is likely to ask the International Monetary Fund (IMF) to revise down two key targets related to Net International Reserves (NIR) and tax revenue collection, set for June this year for the release of the fourth tranche of its $4.7 billion loan, finance ministry officials said.

The two made Tk 333 crore profit in nine months

Dhaka Bank registered a 4 percent year-on-year growth in profit to Tk 173 crore in 2023.

The IIG operator didn’t share Tk 22 crore revenue in time

Jafer Ummeed Khan is new chairman of Summit Oil and Latif Khan is new chairman of Summit Power

Khairul Islam, a vendor selling cosmetics, bags, toys and watches, told The Daily Star that he welcomed the initiative but added that it would take some time for customers to get used to it.

Shrimp farmers in Khulna, a southwestern division of Bangladesh that grows shrimp mainly for exports, could be facing serious losses this year as the enclosures used for raising their crustaceans are drying up amid an ongoing heatwave.

Chinese experts will come to Dhaka in June to see mango production

The drugmaker’s nine months’ profit exceeds FY22’s full year figure

Premier Cement Mills PLC posted an 11 percent year-on-year decline in profit to Tk 27.2 crore in the third quarter of 2023-24 despite a significant increase in sales

Apex Footwear Ltd reported a 29 percent year-on-year increase in profit to Tk 1.63 crore in the January-March quarter of the current financial year

It recommended the National Board of Revenue (NBR) discontinue the tax holiday for the information and communication technology industry and abolish the tax benefit for mining and petroleum extracting companies.

The central bank directive came during a meeting between BB Governor Abdur Rouf Talukder and the managing directors of five leading private commercial banks on Sunday.

From last July to April 22 this year, government loans from commercial banks amounted to Tk 65,432 crore, according to Bangladesh Bank. In the same 10 months or so of fiscal year 2022-23, it was only Tk 5,334 crore.

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), surged 97 points, or 1.76 percent, from that on the day before to reach 5,615.

However, although ACs provide a much-needed respite from the heat, the home appliance also draws a lot of power, leading to higher electricity bills and putting a further strain on people who are already suffering due to heightened inflation.

Potatoes are at least 50 percent costlier than a year ago owing to lower production, tight supply, and the profiteering tendency among a section of people in the supply chain, dealing a blow to the consumers already reeling under higher inflation.

The Department of Inspection for Factories and Establishments (DIFE) has formed “safety committees” in 7,367 establishments as of February 2024, said State Minister for Labour and Employment Md Nazrul Islam Chowdhury yesterday.

Garment exporters are fed up with being harassed by VAT and customs officials, who have been imposing abnormal fines alleging a lack of documents, said an exporter yesterday.