Floor price lifted for 3 more firms as index keeps rising

The Bangladesh Securities and Exchange Commission (BSEC) has lifted the floor price for three more companies—Anwar Galvanizing, Orion Pharmaceuticals and Renata—amid a rising trend of the key index.
7 February 2024, 01:13 AM

App stores now a part of mobile operators’ digital services

Mobile operators in Bangladesh are now offering app stores, enabling developers to not only connect with users through secure distribution channels but also giving them the monetisation tools as they continually attempt to diversify their portfolio.
7 February 2024, 01:05 AM

ACI CO-RO opens fruit drinks plant in Araihazar

ACI CO-RO Bangladesh Ltd, a joint venture between ACI Ltd and Danish soft-drinks company CO-RO A/S, yesterday opened a new factory to make fruit drinks under the Sunquick brand.
7 February 2024, 00:56 AM

BBS misses deadline to publish quarterly GDP report

The Bangladesh Bureau of Statistics (BBS) has missed its December deadline to publish a quarterly gross domestic product (GDP) report, under a move to provide a timely status of the health of the economy.
7 February 2024, 00:56 AM

Jiban Bima stops selling pension policy after govt rolls out scheme

State-run Jiban Bima Corporation (JBC) has stopped selling its popular yet unprofitable private pension insurance policy since December 1, months after the government rolled out the Universal Pension Scheme.
7 February 2024, 00:36 AM

Subletting surges as rents go through the roof

Mohammad Abu Eusuf, a private sector employee who lives in Dhaka’s Mirpur, earns about Tk 23,000 per month. But the income is not adequate for him to manage his monthly expenses given the ongoing inflationary pressure.
7 February 2024, 00:15 AM

Insurers seek tax, VAT breaks in next budget

The Bangladesh Insurance Association (BIA), a platform for insurance companies, has proposed withdrawal of the VAT applicable to policyholders in order to help the health insurance sector expand.
6 February 2024, 18:30 PM

6-day furniture fair opens in Chattogram

A six-day furniture fair kicked off at GEC Convention Centre in Chattogram city yesterday featuring products of 27 enterprises, including New Antique, Heaven Furniture, Shoilpik, Hatil, Hatim, Vegas, P2P, JMG, Akhi and Royel and Right.
6 February 2024, 18:00 PM

Renata, Anwar Galvanizing, Orion Pharma see floor price withdrawal

BSEC has lifted the floor price for Anwar Galvanizing, Orion Pharmaceuticals and Renata as part of its move to bring back vibrancy to the market.
6 February 2024, 11:57 AM

Genex Infosys to build IT infrastructure for Saudi company at Patenga container terminal

Genex Infosys, a leading outsourcing IT provider, will build turnkey IT infrastructure for Red Sea Gateway Terminal Bangladesh Limited (RSGT) at the Patenga container terminal
6 February 2024, 07:52 AM

Shahjibazar Power to stop plant operations as deal with govt to expire

Khulna Power Company Ltd (KPCL) today notified the closure of its plant as the electricity sales agreement with the Bangladesh Power Development Board (BPDB) is set to expire on February 9
6 February 2024, 07:00 AM

Agri minister seeks high-yielding Indian seeds

Agriculture Minister Md Abdus Shahid has sought India’s cooperation in keeping high-yielding varieties of seeds out of the purview of restrictions so that those can be produced and cultivated in Bangladesh.
6 February 2024, 01:34 AM

NBR plans to extend same facilities granted to RMG

The National Board of Revenue will provide all export-oriented sectors with the same facilities afforded to garment exporters to diversify exports, NBR Chairman Abu Hena Md Rahmatul Muneem said yesterday.
6 February 2024, 01:34 AM

Mobile internet subscriber number drops for 4th month

The mobile internet subscriber base in Bangladesh fell for four consecutive months until December last year as the regulator’s bar on purchasing short-term packages combined with inflationary pressures to impact consumers.
6 February 2024, 00:44 AM

Steel products get costlier as customs hikes assessment value

The prices of all types of steel products have gone up by Tk 5,000 to Tk 15,000 per tonne within the span of a week after the customs department increased the assessment value by a large margin, traders said.
6 February 2024, 00:34 AM

GP profit rebounds but its dividend lowest in 9 years

Grameenphone Ltd, the most valued company in the stock market, said its profit rebounded in 2023 after two consecutive years of decline, buoyed by higher revenue generated from increased voice only and data only services.
6 February 2024, 00:12 AM

Textile millers seek a way out as gas crisis worsens

Faced with a chronic gas crisis and volatile exchange rates, a number of ailing textile millers are putting their factories up for sale as they are no longer able to contend with losses stemming from dwindling production.
6 February 2024, 00:10 AM

Robbery rate drops in Chattogram port

Armed robberies of domestic and foreign vessels coming into the Chattogram port decreased sharply in the concluding year, according to two international organisations.
5 February 2024, 18:30 PM

Purchasing Managers’ Index launched in Bangladesh

A Purchasing Managers' Index has launched for the first time in Bangladesh today, with data generated by the real-time, data-based early economic indication system set to be published in April.
5 February 2024, 15:47 PM

Grameenphone’s profit rebounds in 2023

However, GP recommended dividend, which is lowest at least since 2015
5 February 2024, 15:28 PM