Economy | The Daily Star
  • Stocks rise riding on banking shares

    Dhaka stocks rose 0.77 percent yesterday on the back of the upward movement of banking shares.

  • Stocks continue sliding

    Shares on the Dhaka Stock Exchange fell for the fourth consecutive day yesterday as investors continue booking profit.

  • No surprises in next budget: Muhith

    There is unlikely to be any surprise fiscal measure in the budget for fiscal 2018-19 as the impending general election at the end of the year weighs heavily on the ruling party's mind.

  • NBR Logo

    Stock taxes to be consistent: NBR

    The National Board of Revenue will focus on bringing consistency among the tax measures related to the stockmarket, NBR Chairman Md Mosharraf Hossain Bhuiyan said yesterday.

  • Textile, fuel shares boost Dhaka stocks

    Stocks continued to gain for the third consecutive session yesterday, thanks to the buying pressure from the textile, fuel and power sectors' shares.

  • Lack of financing hampers growth of women-led SMEs: analysts

    The reluctance of banks and financial institutions to provide women with easy loans is one of the major barriers to the growth of women-led small and medium enterprises, analysts said yesterday.

  • GDP Growth in Bangladesh

    Economy marches towards record 7.65pc growth

    The Bangladesh economy is charging towards record growth figure for the second consecutive year, driven by double-digit growth in manufacturing and construction sectors.

  • AMA Muhith

    Better GDP growth this year: Muhith

    Finance Minister AMA Muhith yesterday said the economy is on track to log in a better GDP growth figure than last year. In fiscal 2016-17, Bangladesh posted GDP growth of 7.28 percent.

  • Stocks leap on CRR reduction

    Dhaka stocks yesterday gained 2.67 percent -- the highest since May 25, 2015 -- on the back of the central bank's announcement to lower the requisite cash reserve ratio (CRR) to 5.5 percent from 6.5 percent to ease the financial sector's liquidity crunch.

  • US-Bangla Airlines plane crash

    Sadharan Bima pays US-Bangla Tk 5.74cr in insurance claims

    Sadharan Bima Corporation has paid $0.7 million or Tk 5.74 crore to US-Bangla Airlines in the first instalment as compensation against the carrier's insurance claim for the aircraft that crashed in Kathmandu last month.

  • ACC to check if firms submit fabricated financial statements

    The Anti-Corruption Commission will investigate allegations that listed companies have submitted fabricated financial statements to various regulators and parties, said its Chairman Iqbal Mahmood.

  • Govt panel gives nod to $2.6b Chinese loan

    The hard-term loan committee of the government yesterday approved $2.6 billion financing for the Padma rail link project, paving the way for the signing of a deal with the Exim Bank of China next month.

  • Stocks break losing streak

    Dhaka stocks ended the week in the black yesterday after breaking a three-day losing streak amid active participation by institutional and general investors.

  • Unused foreign fund rises 12pc to $40.24b

    Unused foreign assistance in the pipeline rose over 12 percent to $40.24 billion in the last eight months to February.

  • Green Delta Insurance

    Poor salaries, skills gap plague insurance sector: analysts

    Bangladesh's insurance sector has long been facing a skills gap at all levels because of a poor pay structure, uncomfortable work environment and a lack of relevant education and awareness, industry people said yesterday.

  • Stock investors lost Tk 19,626cr in March

    Dhaka Stock Exchange lost about 5 percent, or Tk 19,626 crore, in market capitalisation so far this month thanks to the banking sector's prolonged liquidity crisis.

  • Listed ceramic makers’ profit leapt in 2017

    Listed ceramic companies saw higher growth in profit last year owing to an increase in demand from the real estate sector and export markets.

  • Recruitment examination eight government banks

    Current account deficit crosses $5b

    Bangladesh's current account deficit reached a 15-year high of $5.34 billion in the first seven months of the fiscal year as the country's capacity to export is failing to keep up with the appetite for imports.

  • ADP outlay to be Tk 178,000cr next fiscal year

    The government is planning to raise the development budget for fiscal 2018-19 by about 20 percent, giving emphasis to accelerating the construction works of some flagship infrastructure projects like the Padma bridge, Rooppur power plant, Dhaka metro rail.

  • Micro lenders should go for tech upgrades

    Microfinance institutions will have to embrace a technology-based financial system as the existing processes for loan sanction and disbursement will change entirely within the next decade, said Brac Founder Sir Fazle Hasan Abed.

  • Land acquired for Indian economic zones

    The Bangladesh Economic Zones Authority (Beza) has completed the acquisition of 1,106 acres of land for three special economic zones exclusively for Indian investors.

  • IPDC's profit rises 10.7pc

    IPDC Finance's profit rose 10.7 percent year-on-year to Tk 33.54 crore in 2017 and the local non-bank financial institution announced 20 percent stock dividend for its shareholders.

  • Meghna beverage

    Meghna sets up eight new plants for $300m

    Local conglomerate Meghna Group of Industries has invested $300 million (about Tk 2,500 crore) to set up eight new factories at its newly-built two economic zones at Meghnaghat in Narayanganj.

  • Benchmark rate needed to manage interest rate risks: analysts

    A benchmark rate should be put in place in order to evaluate the pricing of various products of the financial market for better management of interest rate risks, analysts said yesterday.

  • LDC graduation: Colourful celebration continues

    In an inspirational show of unity and joy, the people from all walks of life have had a unique opportunity to celebrate the country's historic achievement of getting eligibility for graduating to a developing country.

  • Prime Minister Sheikh Hasina in UK

    PM urges countrymen to keep up achievement

    Prime Minister Sheikh Hasina urges the countrymen to keep up the achievement dedicating Bangladesh's graduation to a developing nation to the countrymen as she was accorded a grand reception for her stewardship for the landmark development.

  • Get ready for fourth industrial revolution: experts

    The fourth industrial revolution might hit Bangladesh's economy badly and create huge challenges for the country if it fails to embrace advanced digital technology, experts said yesterday.

  • Concessional loans to be phased out: Muhith

    Bangladesh will no longer enjoy concessional loans once it graduates from the least-developed country bracket, said Finance Minister AMA Muhith yesterday.

  • Ease cost of doing business to sustain graduation: analyst

    Bangladesh needs to ease the cost of doing business and bring in massive regulatory reforms to create a conducive business environment to sustain the graduation from the least developed country grouping, said a noted economist yesterday.

  • ICB plans to issue Tk 2,500cr bond

    The Investment Corporation of Bangladesh, which is one of the largest investors in the capital market, plans to issue a long-term bond of Tk 2,500 crore to prop up jittery stocks.

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