Govt plans to hire foreign firms to operate Ctg Port: Shafiqul

He expressed hope that the recruitment process would be completed by September this year

Remittance surges 37% in April

Migrants sent home $2.6 billion in the first 29 days of April

FBCCI seeks policy support to restore business confidence

The government will try to address the concerns of businesses, says finance adviser

Forex reserves reach $22 billion

Bangladesh’s foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.

US tariff hike to put pressure on banks

The hike in US tariffs is likely to put pressure on the banking sector, said business leaders and bankers in a dialogue yesterday.

BSEC suspends 21 officials over misconduct

The Bangladesh Securities and Exchange Commission (BSEC) has suspended 21 of its officials for misconduct and breaches of discipline during a protest in March against the commission’s senior leadership.

One third of RMG factories yet to implement new wage: study

In spite of a government directive given in December 2023 for increasing minimum wages in the readymade garment (RMG) sector, nearly one third of factories have failed to implement a revised pay scale, according to a new study.

BSEC to support public listing of reputed companies

The Bangladesh Securities and Exchange Commission (BSEC) has decided to focus on facilitating initial public offerings (IPOs) of well-performing local, multinational, and state-run companies in order to boost investors’ confidence.

Trump tariffs expose US weak flank in services

If an angry trading partner wanted to go for US President Donald Trump’s jugular, its head of state might make a speech something like this:

Economy

Economy

Square Pharma’s Q3 profit jumps 18%

Two entities of Square Group -- Square Pharmaceuticals and Square Textiles -- reported positive growth in the third quarter of the 2024-25 fiscal year.

1d ago

Nat’l committee formed for free trade zones

The authorities have formed a national committee to examine the feasibility of establishing free trade zones (FTZs) -- designated areas where goods can be imported, processed, and re-exported without interference from customs authorities.

1d ago

Future of garment industry hinges on worker welfare

The Bangladeshi manufacturing sector, particularly textiles and garments, is vital to the global supply chain. Despite its strategic importance, the sector faces significant headwinds, especially in terms of worker welfare.

1d ago

Marico Bangladesh’s profit jumped 28% in FY25

Marico Bangladesh’s profit grew in its fiscal year 2024-25 thanks to higher revenue and finance income.

1d ago

BRAC Bank, City Bank surpass Tk 1,000cr in net profits

Private commercial lenders BRAC Bank and City Bank registered significant profit growth last year..BRAC Bank’s consolidated profit surged 73 percent year-on-year to nearly Tk 1,432 crore, while that of City Bank rose by 59 percent to around Tk 1,014 crore..BRAC Bank reported consolid

2d ago

Bangladesh launches ‘Soy Month’ to promote protein awareness

The Bangladesh Poultry Industries Central Council (BPICC), in collaboration with the US Soybean Export Council (USSEC), has launched the first-ever “Soy Month” to raise public awareness of soybean’s nutritional, agricultural, and economic significance..The initiative was inaugurated at the

2d ago

Bangladesh may seek more time from US on tariffs: Salehuddin

"We will engage, not anger them,” Ahmed said while addressing a group of business leaders

2d ago

Tax, customs officials protest draft law on NBR split

The protest stemmed from growing frustration among revenue officials over a clause in the proposed “State Policy and Revenue Management Ordinance, 2025”.

2d ago
Global Economy

Global Economy

Trump tempers auto tariffs, winning cautious praise from industry

Trump signed an executive order to limit the impact of overlapping tariffs on automakers.

2d ago

Trump’s low pain threshold limits economic damage

Donald Trump has shown he has a low pain threshold. The US president seems happy to bully those he considers weak. He does not seem so relaxed when there is a strong counter-reaction, especially from financial markets.

2d ago

HSBC sounds Trump tariff alarm

HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even as the lender’s first quarter profit beat forecasts.

2d ago

Trade war may lower growth and inflation in euro zone, ECB's Cipollone says

While the inflation impact is less clear, the short to medium-term effects may even prove disinflationary for the euro area, Cipollone added.

3d ago

China blames US tariffs for halting Boeing plane deliveries

"Relevant Chinese airlines and Boeing in the United States have suffered greatly," a spokesperson said.

3d ago

Trump to reduce impact of auto tariffs, commerce secretary says

A White House official confirmed the report and indicated the move would be made official on Tuesday.

3d ago

China downplays impact of Trump tariffs on economic recovery

U.S. President Donald Trump's global trade war has rattled financial markets and raised fears of a recession, particularly as tit-for-tat tariffs between the world's two biggest economies threaten to upend supply chains and a whole range of industries.

4d ago

After 100 days, Trump voters feel tariffs, but most see long-term gain

Trump’s barrage of tariffs against global trading partners has reverberated around the United States over the past few months, affecting the livelihoods of myriad Americans, including many who said they voted for him.

4d ago
Organisation News

Organisation News

United Finance logs 46.21% profit growth in 2024

United Finance PLC, a non-bank financial institution (NBFI), recorded a 46.21 percent year-on-year increase in net profit, reaching Tk 20.9 crore in 2024..This strong performance reflects robust operational execution and prudent financial management amidst a challenging macroeconomic lands

2d ago

Accelleron Bangladesh hosts power sector leaders to promote decarbonisation

Accelleron Bangladesh, in collaboration with Accelleron—a Switzerland-based global technology leader in turbocharging, fuel injection, and digital solutions for the marine and energy industries—recently hosted an event in Bangladesh, bringing together over 150 leaders and stakeholders from the p

2d ago

Guild Consulting Bangladesh launched to bridge US-Bangladesh expertise

Mentors Guild Inc (GUILD), a US-based corporation, has launched Guild Consulting Bangladesh, an innovative management consulting firm designed to meet the growing needs of Bangladesh’s business, nonprofit, and government sectors..Guild Consulting Bangladesh represents the first-ever US-Ban

2d ago

United Finance celebrates 36th anniversary

United Finance PLC, a non-bank financial institution and a subsidiary of United Group, celebrated its 36th Foundation Day at the institution’s head office in Dhaka on Sunday..Hasan Mahmood Raja, chief adviser of the NBFI, inaugurated the daylong programme as the chief guest, according to a

4d ago

BP celebrates 40-year milestone with Meghna Petroleum

BP, the British multinational oil and gas company, and Meghna Petroleum Limited, the national oil company under Bangladesh Petroleum Corporation, have celebrated their longstanding association spanning 40 years, which has helped transform the automobile and lubricants industry in Bangladesh..

5d ago

Bank Asia Securities holds 14th AGM

Bank Asia Securities Limited has organised its 14th Annual General Meeting (AGM) at the board room of Bank Asia PLC, Rangs Bhaban, on Bijoy Sarani in Dhaka recently..Romana Rouf Chowdhury, chairman of Bank Asia Securities Limited, attended the meeting as the chief guest..Chowdhury si

5d ago

Alokito Teachers celebrates educators' dedication to transforming classrooms

The programme was organised to honour the teachers' outstanding commitment to reimagining classrooms with compassion

5d ago

Singer declares 10% cash dividend for 2024

Singer Bangladesh Limited has declared a 10 percent cash dividend for the year 2024..The announcement was made during the company’s 45th annual general meeting (AGM), held virtually yesterday, according to a press release..Can Dincer, director of the company, presided over the meetin

1w ago
Business Multimedia

Business Multimedia

What's stopping the govt from breaking market syndicates?

Watch to find out more in today's episode of Star Explains with Ahsan

Which savings certificate offers the highest returns?

In recent years, treasury bills and bond interest rates have exceeded those of savings certificates

Food prices stubbornly high despite govt measures

When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.

Remittance rises 21% in October

Migrant Bangladeshis sent home $2.39 billion in October

Potato price shoots up

The price of potatoes has begun an upward climb in the market

DAP hurts home buyers: REHAB

Regulations in the Detailed Area Plan (DAP) are limiting housing responses to meet Dhaka’s growing accommodation needs, according to realtors, as they argue that current urban policies are doing more harm than good.

4d ago

Taskforce submits final proposals on margin rules

The government taskforce on capital market reforms submitted its final recommendations on margin rules yesterday, bringing minimal changes to an initial draft.

4d ago

Walton to invest Tk 114 crore to manufacture lithium-Ion batteries locally

The initiative aims to establish a sophisticated manufacturing facility for high-quality lithium-ion cells, Walton said

4d ago

Insurance Academy organises training on bancassurance for Midland Bank officials

Bangladesh Insurance Academy (BIA) has organised a training programme on bancassurance for officials of Midland Bank PLC, held at the BIA’s office in Mohakhali, Dhaka recently..Md Ahsan-uz Zaman, managing director and CEO of the bank, inaugurated the three-day programme as the chief guest,

5d ago

BP celebrates 40-year milestone with Meghna Petroleum

BP, the British multinational oil and gas company, and Meghna Petroleum Limited, the national oil company under Bangladesh Petroleum Corporation, have celebrated their longstanding association spanning 40 years, which has helped transform the automobile and lubricants industry in Bangladesh..

5d ago

Southeast Bank, Tropical Homes sign MoU to offer home loans

Southeast Bank PLC has signed a memorandum of understanding (MoU) with Tropical Homes Limited, a Dhaka-based real estate development company..Masum Uddin Khan, deputy managing director of the bank, and M Hoque Faishal, director (sales and marketing) of the realtor, signed the MoU in Dhaka,

5d ago

Bank Asia Securities holds 14th AGM

Bank Asia Securities Limited has organised its 14th Annual General Meeting (AGM) at the board room of Bank Asia PLC, Rangs Bhaban, on Bijoy Sarani in Dhaka recently..Romana Rouf Chowdhury, chairman of Bank Asia Securities Limited, attended the meeting as the chief guest..Chowdhury si

5d ago

Foreign carmakers strive for 'China Speed' to stay in race

Across the country, car models rolling off assembly lines like this have gone from concept to release in record time -- known in the industry as "China Speed", the envy of foreign competitors.

5d ago

IMF-World Bank meetings end with little tariff clarity, but economic foreboding

Many participants in the Spring Meetings had a sense that Trump's admin was still conflicted in its demands from trading partners

5d ago

Stocks snap nine-day losing streak

Of the 395 issues traded, 235 advanced, 99 declined, and 63 remained unchanged

5d ago