Six local firms, Beza team up for $457 million investment

Six Bangladeshi companies today signed a land lease agreement with the Bangladesh Economic Zone Authority (Beza) to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox's Bazar.
21 September 2022

Midland Bank's Tk 70 crore IPO gets nod

Midland Bank gets nod to raise Tk 70 crore through issuing seven crore ordinary shares in an initial public offering (IPO).
21 September 2022

Stock index, turnover both fall

Both the turnover and the prime index of the Dhaka Stock Exchange (DSE) fall today amid thin participation of the investors.
21 September 2022

Preparing for ESG revolution

As stakeholders’ expectations from businesses are changing rapidly, organisations are looking for the right ways to address the environmental and societal needs with appropriate governance. Here’s where the much-discussed ESG comes in.
21 September 2022

Northern paddy farmers at a loss over rising labour cost

People who subsist on paddy farming in the country’s northern districts, namely Bogura, Joypurhat, Gaibandha and Dinajpur, are currently in a vulnerable situation due to their prolonged struggle to make a profit from the crop amid rising labour costs.
21 September 2022

Revenue collection jumps 21pc in Jul-Aug

Revenue collection by the National Board of Revenue (NBR) witnessed robust growth of 21 per cent in the July-August period of the current fiscal year thanks to the devaluation of taka, high inflationary pressure and expansion of the economy.
21 September 2022

Uttara Finance urges ACC to bar former MD’s travel abroad

Uttara Finance and Investment has requested Anti-Corruption Commission (ACC) to prevent its former managing director, SM Shamsul Arefin, from leaving Bangladesh over his alleged involvement in scams.
21 September 2022

EPZs make history in export, investment, jobs

Bangladesh’s export processing zones (EPZs) passed a spectacular period last fiscal year. 
21 September 2022

3 more submarine cables: Private companies to invest Tk 2,000cr

Three private firms will invest around Tk 2,000 crore collectively to connect Bangladesh with at least three more submarine communication cables, in a development that would ensure smooth supply of bandwidth amid surging internet use.
21 September 2022

Steel industry has good future as demand rising

Undergoing uncertainties for high raw material prices and foreign currency rates, the country’s steel industry still has a good future as infrastructure demand is booming while the economy resilient, said experts and manufacturers at a conference yesterday. 
20 September 2022

Mercantile Bank launches 25 agent banking outlets

Mercantile Bank recently launched 25 agent banking outlets across the country. 
20 September 2022

StanChart Asia CEO visits Bangladesh

The chief executive officer for Asia at Standard Chartered, Benjamin Hung, arrived in Dhaka earlier this week on his first two-day official visit to Bangladesh. 
20 September 2022

StanChart, LankaBangla offer stock trading platform

Standard Chartered Bangladesh and LankaBangla Securities signed an agreement recently to offer a digital platform enabling capital market investors to transfer funds to their beneficiary owners (BO) account.  
20 September 2022

Highest turnover, yet 39pc stocks without a buyer

Although turnover of Dhaka Stock Exchange (DSE) soared to its highest in a year yesterday, around 40 per cent stocks had no buyer. 
20 September 2022

Bangladesh to get ADB’s $2b this fiscal year

The Asian Development Bank (ADB) is working to hand over $2 billion in loan assistance to Bangladesh by the current fiscal year, ADB Country Director Edimon Ginting said today.
20 September 2022

Six firms to invest $457m in pharma, hospitality

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar.
20 September 2022

3 Orion firms see unusual price hike of stocks

Stocks of Orion Infusion soared more than five times in recent months despite having low earnings per share and repeated warnings from the company that it has no undisclosed information that could have spurred such an abnormal rise.
20 September 2022

BB issues guideline for green bond rollout

Bangladesh Bank yesterday issued guidelines for the rollout of green bonds to facilitate sustainable investment of banks and non-banks to tackle the adverse impacts of climate change. 
20 September 2022

HC-appointed Evaly board resigns

The High Court-appointed board of directors of beleaguered e-commerce platform Evaly has ‘resigned’, said a member of the board.
20 September 2022

Six local firms to invest $457 million in pharma, hospitality

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar.
20 September 2022