The country’s flagship textiles and readymade garments (RMG) industries are reeling from a crippling gas crisis, threatening an estimated $70 billion in investments amid mounting global trade uncertainty over new US tariffs.
Business leaders and policy experts in Bangladesh have urged the interim government to adopt predictable tax policies and accelerate digitalisation of the tax system in order to foster investor confidence and drive sustainable economic growth.
The Bangladesh Bank (BB) has applied to the finance ministry seeking a one-month extension after a majority of banks, including listed lenders, failed to finalise their annual financial statements by the April 30 deadline.
The number of policyholders failing to pay their insurance premiums on time declined in 2024 from the previous year, but the rate of discontinued policies remains high -- reflecting fragile customer confidence in the local insurance sector.
The BCS Taxation Association has called to immediately rescind the draft ordinance that proposes dissolving the National Board of Revenue (NBR) and replacing it with two separate entities -- the Revenue Policy Division and the Revenue Management Division.
`The government will not allow cattle imports ahead of Eid-ul-Azha as there is a higher supply of animals than demand in the country, Fisheries and Livestock Adviser Farida Akhter said yesterday.
Gold is having a golden moment as investors fret about runaway prices and the stability of the US dollar. Adjusted for inflation, gold has risen above its previous peak in early 1980, after which its value declined in nominal terms for nearly two decades.
A recent piece in The Daily Star on rising food prices, especially vegetables, once again highlights a stubborn and preventable problem. During a visit to Karwan Bazar, vendors pointed to recent heavy rains that damaged crops and pushed prices up. But this is merely the latest episode in a recurring cycle.
Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over.
The government and the International Monetary Fund are set to meet again today for another round of negotiations over the release of the fourth and fifth tranches of a $4.7 billion loan programme.
Bangladesh’s banking sector is struggling with a weakened capital base following years of unchecked irregularities during the Awami League’s tenure, with a key measure of financial strength falling to a new low.
United Power Generation and Distribution Company (UPGDCL) has disclosed that gas supply to its power plant in the Dhaka Export Processing Zone (DEPZ) was disconnected on April 28 following a prolonged disagreement with the gas supplier over pricing classification.
Summit Power, the leading private-sector electricity producer, said its profit slumped 43 percent in the third quarter of fiscal year 2024-25 due to the non-renewal of a power purchase agreement by government agencies.
BB seeks govt approval to extend deadline
The BCS Taxation Association has called to immediately rescind the draft ordinance that proposes dissolving the National Board of Revenue (NBR) and replacing it with two separate entities -- the Revenue Policy Division and the Revenue Management Division..Under the draft "State Policy and
It is worth looking beyond the immediate economic cost of the IMF loan
The country has a higher supply of sacrificial animals than demand, says Fisheries and Livestock Adviser Farida Akhter
Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor Greg Abel take over..Buffett's success, coupled with his ability to explain his thinking
Southeast Asia accounted for nearly 80 percent of US solar panel imports in 2024.
Trump has imposed steep levies on China, and lower "baseline" levies of 10 percent on goods from most other countries, along with 25 percent duties on specific items like steel, automobiles and aluminum.
Apple on Thursday reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.
The listed drugmaker made Tk 58 crore in the January-March quarter
So far, ships had been taking away export containers
Trump's on-again-off-again tariffs -- and the retaliation launched by other countries -- has cowed importers, whose usual orders for furniture, toys, and clothing have dwindled.
Akij Venture Limited commemorated its fifth anniversary with a celebratory programme at the Bangladesh-China Friendship Conference Centre in the capital’s Sher-e-Bangla Nagar yesterday..The event highlighted the company’s remarkable journey since its inception and reaffirmed its commitment
Building Technology & Ideas Limited (bti), a real estate company in Bangladesh, recently organised the “bti Summer Sales Carnival”, unveiling 20 brand-new residential projects across various prime locations in Dhaka city..FR Khan, managing director of bti, inaugurated the event at the bti
Mustafizur Rahman has been re-appointed as the managing director of MIDAS Financing PLC, a non-bank financial institution in the country, for a term of 2 years and 9 months, effective from May 2 this year..The re-appointment was confirmed at the NBFI’s 375th board of directors’ meeting hel
Nagad, the mobile financial service (MFS) provider of Bangladesh Post Office, has signed an agreement with the Bangladesh Bridge Authority (BBA) for the electronic toll collection (ETC) on the Padma Bridge, enabling seamless vehicle movement across the structure..Nurul Hoq, director of fin
Prime Bank Investment Limited (PBIL), an investment bank and a subsidiary of Prime Bank PLC, has celebrated its 15th founding anniversary..CQK Mustaq Ahmed, chairman of the investment bank, inaugurated the celebration as the chief guest at its head office in Dhaka yesterday, according to a
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
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
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
Watch today's episode of Star Explains to find out more
Watch to find out more in today's episode of Star Explains with Ahsan
In recent years, treasury bills and bond interest rates have exceeded those of savings certificates
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.
Migrant Bangladeshis sent home $2.39 billion in October
Al-Arafah Islami Bank PLC has opened a hajj booth to provide services to hajj pilgrims at Ashkona Hajj Camp on Monday..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, inaugurated the booth as the chief guest, said a press release..In his speech, Khan said, “Haj
EXIM Bank PLC yesterday launched a hajj booth at the Ashkona Hajj Camp to provide essential services to pilgrims during the hajj season..M Akhter Hossain, managing director (current charge) of the bank, inaugurated the booth as the chief guest, according to a press release..The booth
Trust Bank PLC has recently signed a memorandum of understanding (MoU) with Bangladesh Jail..Under this MoU, all personnel employed by Bangladesh Jail nationwide will be eligible to open salary accounts with Trust Bank and avail themselves of a comprehensive suite of banking services..<
Prime Bank PLC has entered into a memorandum of understanding (MoU) with ICB Asset Management Company Limited (IAMCL) to boost the sales of units of open-end mutual funds managed by IAMCL..Prof Abu Ahmed, chairman of the Investment Corporation of Bangladesh and IAMCL, and M Nazeem A Choudh
Starlink must also obtain tariff approval before launching the service
While the inflation impact is less clear, the short to medium-term effects may even prove disinflationary for the euro area, Cipollone added.
The bank reported consolidated earnings per share of Tk 6.95 in 2024
The firm makes a large chunk of its goods in Asian countries
Turnover, an important indicator of market activity, plunged 35 percent to Tk 291.07 crore
"Relevant Chinese airlines and Boeing in the United States have suffered greatly," a spokesperson said.
