Economy

Economy

Meghna Insurance’s profit slightly down, recommends 10% cash dividend 

Meghna Insurance Company Ltd made a profit of Tk 5.16 crore in 2023, down slightly from Tk 5.28 crore in the previous year

3h ago

Is commodity market competitive? Experts have different views

Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.

7h ago

Tax receipts rise 15% in July-March, close to IMF target

Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.

9h ago

Allure of bonds, forced selling blamed for stock market rout

In the two and a half months preceding last Sunday, the DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 794 points, or 12 percent.

9h ago

Govt's debt servicing for foreign loans surges 49%

In the July-March period of fiscal year 2023-24, the government paid $1.05 billion in interest, which is 117 percent higher than the $485 million it paid during the same period a year ago.

9h ago

BGMEA again seeks duty-free garment exports to US market

At the meeting, the BGMEA also urged the USTR to put pressure on US clothing retailers and brands to increase the per unit price paid for garment items sourced from Bangladesh.

9h ago

3rd Loan Tranche: IMF team to focus on four key areas

During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.

16h ago

Stocks break five-day losing streak

Stocks in Bangladesh yesterday staged a comeback, breaking a five-day losing streak as investors regained some confidence in the market after learning that the regulator is working to revitalise trading.

16h ago

Airlines against move to adjust jet fuel price under new BPC formula

As per the new formula, the price of jet fuel will be calculated each month by adding the average rate quoted by the Platts Asia Pacific/Arab Gulf (APAG) Marketscan for the preceding month with other expenses.

2d ago

Edible oil market now controlled by big four

Data from the National Board of Revenue (NBR) shows that nearly 25.7 lakh tonnes of soybean and palm oil were imported in 2023, with the four companies accounting for 80 percent of the total amount.

2d ago

Migrant workers stare into uncertainty as global crises deepen

Moreover, further setbacks are posed by Malaysia's decision to freeze new foreign worker recruitment in March as well as Oman suspending the issuance of visas to Bangladeshi citizens at the end of 2023 due to an oversupply of workers from the South Asian nation.

2d ago

Basic, National Bank Mergers: People withdrawing money in panic

A recent rush to withdraw money from the BASIC Bank and National Bank is worsening the situation the troubled institutions are facing.

2d ago

Pubali Bank posts highest ever annual profit in 2023

The bank made Tk 695.12 crore, a 30% rise year-on-year

2d ago

Jewellers cut gold prices by Tk 840 a bhori

From today, each bhori of 22-carat gold will cost Tk 118,798

2d ago

Submarine cable breakdown disrupts Bangladesh internet

It will take at least 2 to 3 days to resume the connection

3d ago

Stocks sink, oil jumps after Israeli attack on Iran

Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped after reports Israel attacked Iran in a continuing series of assaults

4d ago

Bank Asia moves a step closer to Bank Alfalah acquisition

A day earlier, Karachi-based Bank Alfalah disclosed the information on the Pakistan Stock exchange.

4d ago

MGI expands ceramic tiles production with $45m investment

Of the investment, $19 million came from its own pockets whereas $26 million in the form of a syndicated loan, which was released recently, he said.

4d ago
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