The government’s austerity measures have hit implementation of the annual development programme (ADP) in the first month of the current fiscal year, with just 0.96 per cent of the total allocation being spent, the lowest in the last four years. 

The unit prices in the mutual fund sector have dropped over the past few weeks even though they disbursed handsome dividends in recent times as the National Board of Revenue (NBR) suggested deducting source tax from the cash dividend income. 

A number of directors of Prime Islami Life Insurance siphoned off more than Tk 300 crore funds by keeping the fixed deposits of the insurer as collateral to secure bank loans for another company, putting policyholders’ interests at risk, according to an audit. 

Bank Asia has signed an agreement with Women & e-Commerce (WE) to ensure necessary support for women entrepreneurs of cottage, micro, small and medium enterprises (CMSMEs) under “Neelima”, which is the lender’s special service platform for women entrepreneurs.

Prime Bank recently signed an agreement with Robi Axiata Ltd to offer its advanced digital services to end beneficiaries of the mobile network operator. 

The Covid-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, and many in the region will likely find it harder than before to escape poverty, according to a report from the Asian Development Bank (ADB). 

The current rates of VAT and other taxes are a major obstacle to developing the country’s tourism industry, a parliamentary body said yesterday.

Most shares on the Dhaka and Chittagong stock exchanges ended in the red yesterday, prompting the key indices of the bourses to slide after clocking gains for six days. 

As the economy of Bangladesh is growing rapidly, the Netherlands is looking to enhance bilateral trade and utilise investment opportunities here with a strong focus on digitalisation and sustainability.

A majority of shares on the Chittagong Stock Exchange declined today, breaking the gaining streak in the last six days.

Most shares on the Dhaka Stock Exchange (DSE) ended in the red yesterday, prompting the key index to fall after clocking gains for six days.

Climate change is transforming the global investment landscape, creating new risks and opportunities. Physical risks, from rising sea levels to the lethal heat waves scorching Europe and elsewhere, affect asset values for everything from stocks to real estate and infrastructure. So-called transition risk—including government policies to reduce greenhouse gas emissions—lowers the value of fossil fuel companies.

Shuvo and 12 other people who worked at that glove factory are now seeking compensation from Ansell for what allegedly happened to them there.

Bangladesh’s marine fishing industry is barely keeping head above water as their operating costs have risen significantly after fuel prices were hiked twice in the last eight months.

For the past two months a storage tank of state-run Padma Oil Company containing nearly 6,000 tonnes of furnace oil has been kept sealed off by Custom House, Chattogram on charges of dodging duty of Tk 116.74 crore.

Apparel exporters in Bangladesh are feeling the pinch of a looming global recession, persisting higher inflation and dragging severe fallout of the Russia-Ukraine war as orders from international buyers have fallen. 

Online grocery platform Chaldal has raised Tk 5 crore in funding from Startup Bangladesh, the first government-backed and flagship venture capital fund. 

Mahtab Uddin Ahmed, a former chief executive officer of Robi Axiata Ltd, has filed a lawsuit against the telecom operator, its board chairman and former group CEO seeking Tk 227 crore in retirement benefits and compensation for ‘wrongful dismissal’. 

Shrimp and prawn yields in the country stood at 296 kilogrammes per hectare in 2017 but increased to 664 kg per hectare in 2021 as growers started following six measures of scientific farming introduced by the Safe Aqua Farming for Economic and Trade Improvement (SAFETI) project, according to speakers at a workshop.

Shares on the Dhaka Stock Exchange rose for the sixth consecutive day yesterday on the back of investors’ expectation of a bull run in the days to come.