Economy
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.
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.
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.
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
Bangladesh lags behind peers in digital adoption for business
Less than half of the companies in Bangladesh use computers, according to a World Bank’s survey that revealed the country’s weak position in digital adoption for business compared to peer economies and neighboring nations.
Beginning of partial operation of Patenga Container Terminal to face delay
The beginning of partial operation of the newly built Patenga Container Terminal (PCT) is going to face delay as some required procedures, including the import of equipment and securing of legal clearances, are yet to be completed.
Trade unions surge, but workers' rights still unprotected
Although there has been a fivefold increase in number of unions in 11 years since the country's deadliest industrial incident, most are failing to live up to expectations
Exim Bank’s profit dropped 9.4% in 2023
Exim Bank's profit declined 9.4 percent year-on-year to Tk 337 crore in 2023, according to a disclosure on the Dhaka Stock Exchange (DSE) website yesterday.
Stocks slump to 3-year low
Stock market indices dropped again yesterday after rising on the preceding day as a fact-finding meeting of the Bangladesh Securities and Exchange Commission (BSEC) failed to restore confidence among investors.
Deposits safe in banks being merged: BB
Money deposited by individuals and institutions with banks, which have decided to go for mergers, will remain completely safe and secure, Bangladesh Bank said in a statement yesterday.
Corruption major hurdle for women entrepreneurs
Corruption is a big obstacle for women entrepreneurs in Bangladesh, which is why they are lagging behind men in many categories of employment, according to a leading chamber for women.
Sustainability disclosure standards needed to access external financing
Banks and financial institutions need to embrace global sustainability disclosure standards to access international financing and promote private sector development, said Mizanur Rahman, a commissioner of the Bangladesh Securities and Exchange Commission (BSEC).
StanChart executes first INR-BDT import transaction for Unilever
Standard Chartered Bangladesh (SCB) has arranged the first Indian rupee (INR) denominated trade transaction to facilitate the import of Unilever Bangladesh Ltd (UBL), the largest multinational company operating in the fast-moving consumer goods (FMCG) sector.
Inflation, exchange rate stability should get priority: experts
ICMAB organises a pre-budget discussion
