Mend politics to recover from downturn

Bangladesh’s economy is facing a tough time owing to depleting foreign exchange reserves and persistently higher inflation.
25 October 2023, 01:30 AM

Candy, noodles top export items alongside biscuits

Candy, which did not attract the attention of exporters even a decade ago, has become one of the top five items in Bangladesh’s processed food export basket, highlighting the much-needed value-addition brought on by manufacturers. 
25 October 2023, 01:00 AM

Eastern Bank arranges Tk 300cr syndicated loan for Shakti

Eastern Bank PLC will help as lead arranger to manage a syndicated term loan facility worth Tk 300 crore for Shakti Foundation, a microfinance institution in Bangladesh.
24 October 2023, 18:00 PM

GP profit hits Tk 2,720cr in Jan-Sep

Grameenphone posted a 3.12 percent year-on-year rise in profit to Tk 2,720.63 crore in the first nine months of 2023.
24 October 2023, 18:00 PM

Economy to avoid further decline in next six months

Around 80 percent of businesses in Bangladesh opined that the country’s economy would avoid further decline in the next six months, according to the LightCastle Business Confidence Index (BCI) 2022-23.
24 October 2023, 18:00 PM

No income tax fair this year either

The National Board of Revenue (NBR) will not arrange the income tax fair this year either, making it the fourth consecutive year since 2020 that the fair will not be held.
24 October 2023, 18:00 PM

Sri Lanka approves free tourist visa for seven countries

Tourists from China, India, Russia, Japan, Thailand, Indonesia, and Malaysia will be issued free visas till March 31, 2024
24 October 2023, 15:10 PM

Govt urges farmers to harvest Aman before cyclone Hamoon

As Cyclone Hamoon is heading towards the coastal districts of Bangladesh, the Department of Agricultural Extension (DAE) has issued an urgent advisory for farmers, urging them to immediately harvest transplanted Aman paddy once it reaches 80 percent maturity.
24 October 2023, 11:00 AM

Take fiscal measures to address inflation

Although Bangladesh Bank is taking several initiatives to reduce inflation, only implementing monetary policies is not enough as fiscal policies also play a big role in this regard, according to the South Asian Network on Economic Modeling (Sanem).
23 October 2023, 18:00 PM

Square Pharma going for Tk 400cr expansion

Square Pharmaceuticals PLC, the country’s biggest drug maker, has announced its plan to invest Tk 400 crore for expansion.
23 October 2023, 18:00 PM

Local govt outspends all other ministries, divisions

Ahead of the upcoming national elections, the local government division (LGD) has spent more money from the annual development programme (ADP) than other major ministries and divisions.
23 October 2023, 18:00 PM

Small garment units in a tight spot

Small and medium-sized garment factories in Bangladesh are finding it increasingly difficult to keep their heads above water amid the rising cost of production and a fall in work orders from international clothing retailers and brands.
23 October 2023, 18:00 PM

LDC graduation: Bangladesh to get duty benefits beyond 2026

Bangladesh is set to enjoy duty-free market access beyond its graduation from the least-developed country bracket in November 2026 after the World Trade Organisation yesterday decided to extend support measures for graduating countries.
23 October 2023, 18:00 PM

Crown Cement returns to profit

Crown Cement PLC made a profit of Tk 61.03 crore in the financial year that ended on June 30.  
23 October 2023, 18:00 PM

Beacon Pharma’s profit dips 45%

Beacon Pharmaceuticals PLC posted a 45 percent year-on-year decline in profit to around Tk 51 crore in the last financial year, suffered by increased cost of raw materials and inconsistent supply of gas.
23 October 2023, 18:00 PM

ECB set to hold rates

For the first time in over a year, European Central Bank policymakers are expected to decide against raising interest rates again when they gather in Athens on Thursday.
23 October 2023, 18:00 PM

Sales of heavy-duty trucks fall by a third

Sales of heavy-duty commercial trucks in Bangladesh fell nearly 34 percent year-on-year in the January-September period this year due to shrinking economic activities and higher prices stemming from the devaluation of the local currency against the US dollar.
23 October 2023, 18:00 PM

Shipowners benefitting little from taka depreciation

The devaluation of taka has increased competitiveness of Bangladesh’s oceangoing ships
23 October 2023, 15:31 PM

Singer posts Tk 47.9 crore loss in Q3 as costs, weak taka hit profits

Singer Bangladesh Ltd reported a loss for the third quarter of 2025 as higher borrowing costs and a weaker taka wiped out the gains from increased sales.
23 October 2023, 04:02 AM

Salt farmers prepping early this year in hopes of higher profit

Salt farmers in Chaufaldandi union under Cox’s Bazar sadar upazila are preparing their fields early this year as they aim to secure higher profits before imports potentially dampen the market.
23 October 2023, 01:02 AM