Economy
Boss-beating services: the workplace solution
A former colleague shared one of the most bizarre local news about an employee who hired a goon to severely beat up his boss for being the cause of excessive stress in the workplace.
IMF suggests raising power, gas and fertiliser prices
The International Monetary Fund yesterday recommended reducing government subsidies by hiking prices of power, gas and fertiliser, and spending the saved money on society safety net programmes.
Reckitt Benckiser revenue down 3pc
Reckitt Benckiser (Bangladesh), whose brands include Dettol, Mortein and Harpic, witnessed a drop in revenue of around 3 percent year-on-year in the last January-March period, citing that it was due to a drop in sales.
Islami Bank to issue Tk 1,000 crore bond to strengthen capital
Islami Bank Bangladesh, the largest and oldest shariah-based bank in the country, today announced that it would borrow Tk 1,000 crore through the issuance of bonds to improve its capital adequacy in line with Basel-III.
Central bank restricts journalists’ access to its offices, drawing criticism
In a rare move, the Bangladesh Bank has restricted the entry of journalists to its offices for the first time in its history, prompting a group of journalists to protest.
Bata Bangladesh recommends highest-ever dividend despite profit decline
Bata Shoe Company (Bangladesh) Ltd’s profit dropped 2 percent year-on-year to Tk 40.09 crore in 2023, yet it recommended its highest-ever cash dividend
Islami Bank Bangladesh’s full-year profit rises to Tk 635 crore, highest since 2019
Islami Bank Bangladesh recorded a profit of Tk 635.33 crore in 2023, the highest since 2019
Many tech startups to collapse if tax exemption goes: experts
The income tax exemption period for the software and information technology services sector is set to expire in June of this year.
BSEC narrows circuit breaker limit to halt panic selling
The BSEC issued an order recalibrating the circuit breaker, saying that stocks of listed companies would not be allowed to fall more than 3 percent based on the previous day's closing price.
Bay Terminal may draw $8b FDI
The Bay Terminal project’s two container terminals, a multipurpose terminal and an oil and gas terminal will all be implemented wholly with FDI, said the CPA chairman.
IMF calls for smaller budget amid low revenue receipts
The IMF mission suggested that the upcoming budget, which will be unveiled in the first week of June, should be smaller than the projection, citing a low revenue collection, according to a number of finance ministry officials who attended the meeting.
EU's new supply chain law to improve labour conditions in Bangladesh
The Parliament’s vote came on the 11th anniversary of the tragic collapse of the Rana Plaza building, which killed 1,138 garment workers and injured more than 2,000 others.
Grameenphone’s profit grows to Tk 1,338 crore in Q1
Grameenphone’s profit grows to Tk 1,338 crore in Q1
SOS from SMEs
Micro, small, and medium enterprises (MSMEs), thanks to their entrepreneurial spirit and agility, have emerged as the heart of the growing economy of Bangladesh and the backbone of the financial ecosystem.
Singer incurs losses in Q1
The home appliance maker counted a loss of Tk 2.1 crore in Jan-Mar quarter
Small businesses, daily earners scorched by heatwave
After parking his motorcycle and removing his helmet, a young biker opened a red umbrella and stood on the footpath.
Heidelberg Bangladesh’s sales drop, but profit rises
The company gives credit to fall in administration, distribution costs and selling expenses
Stocks can fall up to 3% a day
The stock market regulator today narrowed the scope for individual stocks to fall in a trading day in an effort to halt panic selling and slow down the fall of the index.
