Says Meghna Bank MD and CEO Sohail RK Hussain

The price of mild steel (MS) rod may soon cross Tk 1 lakh per tonne as production costs have risen due to a recent hike in fuel and energy prices amid the ongoing US dollar crisis, according to industry people.

Tax collection growth slowed drastically in the first half of the current fiscal year due to falling customs tariff and direct taxes amid declining imports and reduced profits of firms, limiting the government’s scope to spend on development activities.

Leading e-commerce platform Daraz Bangladesh has decided to lay off dozens of employees as its mother organisation, Daraz Group, plans to reduce its workforce by 11 per cent in order to cope with the “current market reality”.

Premier Bank has recently promoted its two deputy managing directors to the post of additional managing directors.

Major indices of the share market in Bangladesh yesterday rose even though 41 per cent of the stocks depreciated in value while 51 per cent remained the same.

Oil prices rose for a second straight session on Tuesday, driven by optimism about recovering demand in China and concerns over supply shortages following the shutdown of a major export terminal after an earthquake in Turkey.

Two China-Bangladesh joint ventures are going to expand a 35-kilometre portion of the Dhaka Sylhet Highway at a cost of Tk 2,318 crore.

Bangas Limited recorded a 75 per cent rise in its year-on-year profit in the second quarter of the current financial year.

International clothing retailers and brands are either cancelling their orders to garment factories in Bangladesh or putting them on hold because of the persisting volatility in the global economy, higher inflation, and stockpiling of unsold goods.

The interest rate on family savings bonds may be re-fixed

Newly-appointed Chinese Ambassador Yao Wen says in meeting with Planning Minister MA Mannan

Bangladesh was the second largest participant of the trade show after India among the South Asian nations

Stock prices of 41 per cent fell and the rest 51 per cent remained unchanged

Daraz Bangladesh will also lay off dozens of employees as part of the plan of its mother organisation, Daraz Group

BGMEA president shared the information in a press meet in Dhaka today

Most shares on the Dhaka Stock Exchange (DSE) fell in the first half today.

Imports through Chattogram port fell 2.5 per cent year-on-year in the first six months of the current fiscal as rising US dollar prices pushed up the overall costs involved, according to traders.

Bangladesh’s mobile manufacturing industry hit a major milestone of having produced over 10 crore handsets till date, with the local plants gaining the capability of meeting almost all of the annual demand for devices in a span of just over 5 years. 

By removing the floor price for nearly half of the companies listed in the country in December while retaining the regulatory measure for the rest, the Bangladesh Securities and Exchange Commission (BSEC) has effectively moved to a dual system.