Singer Bangladesh yesterday announced that it registered Tk 7.3 crore as profit after tax in 2022, the lowest in 14 years, attributing the increased cost of raw materials, higher freight rates and devaluation of taka against the US dollar for the fall.

The price of the most-consumed items during Ramadan such as chickpeas, dried peas and dates has increased in the wholesale markets in Dhaka and Chattogram due to a supply shortage, two months before the fasting month begins.

In the face of a soaring cost of living, many low and middle-income people in Bangladesh have either ditched branded products or switched to smaller packs, causing consumer goods producers and marketers to record a slowdown in sales in 2022. 

Amazon (AMZN.O) workers at a warehouse in central England walked out on Wednesday in protest over pay, marking the first time the U.S. tech company's operations in Britain have faced strike action.

A total of 14 small and medium enterprises (SMEs) from Bangladesh are going to showcase their jute products at a four-day trade show, styled “NY NOW Winter Trade Show 2023”, to be held in New York City from February 5.

Bilateral trade between South Korea and Bangladesh reached a new height in 2022, exceeding $3 billion, nearly 40 per cent up from the previous year. 

Businesspeople engaged in importing and distributing essential commodities inflate the prices of their goods by saying they have to pay high amounts of customs duty or value-added tax (VAT), according to Abu Hena Md Rahmatul Muneem, chairman of the National Board of Revenue (NBR).

The garment makers have urged the government to increase gas price in phases because it is tough to tolerate a sudden big hike amid the existing volatile domestic and global economic situation.

Mutual Trust Bank (MTB) has recently signed an agreement with Rahim Textile Mills, a concern of New Asia Group, for providing payroll banking services to its employees.

Bank Asia Limited has won a “Remittance Award 2022” conferred by the Centre for Non-Resident Bangladeshis (NRB) for outstanding contribution in collecting remittance for 2022.

Unique Hotel & Resorts Limited, the owning company of The Westin Dhaka, made Tk 29.44 crore in profit in the second quarter of the current financial year, up 270 per cent year-on-year.

Runner Automobiles Ltd, the country’s leading bike manufacturer, suffered losses for the second consecutive quarter in October to December owing to a sharp decline in the sales of motorcycles, three-wheelers and commercial vehicles. 

The Dhaka Chamber of Commerce & Industry (DCCI) has called for substantial reforms to the Arbitration Act 2001, the Bankruptcy Act 1997 and the Companies Act 1994 in order to attract investments from both local and foreign investors.    

Berger Paints Bangladesh said its net income declined 16 per cent between October and December 2022 as rising import costs for raw materials erased sales gains due to the devaluation of the local currency, taka.

Leading non-governmental organisation Buro Bangladesh is going to raise funds of Tk 150 crore by issuing zero coupon bond.

The Bangladesh Securities and Exchange Commission today approved the initial public offering of Trust Islami Life Insurance to raise funds of Tk 16 crore.

Preinstallation of Bijoy app on android phones is still mandatory for the importers and manufacturers of the devices, but it is not obligatory for the users to use the Bangla writing software, Telecom Minister Mustafa Jabbar said today.

British retail giant Primark’s CEO Paul Marchant has praised the development Bangladesh’s garment sector has achieved in production of apparels in green factories.

The garment makers have urged the government to increase gas price in phases because it is tough to tolerate a sudden big hike amid the existing volatile domestic and global economic situation.

The Dhaka Chamber of Commerce & Industry (DCCI) has called for substantial reforms to the Arbitration Act 2001, the Bankruptcy Act 1997 and the Companies Act 1994 in order to attract investments from both local and foreign investors.