BB verifying info of 5 foreign shareholders of Nagad Bank
Bangladesh Bank yesterday asked the foreign ministry to verify a number of information of five foreign shareholders of Nagad Digital Bank PLC.
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Mobile internet users complain of Facebook outage again
Mobile internet users in Bangladesh have complained of Facebook and Messenger outages again.
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Marico’s profit jumps 30% in April-June quarter
Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.
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S&P downgrades Bangladesh rating amid deadly protests
S&P Global has downgraded Bangladesh’s rating amid persistent pressure on the country’s external accounts and deadly protests.
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More internet disruptions till 6:00pm
Internet connectivity in Bangladesh will face partial disruptions for 12 hours today due to the maintenance of a submarine cable. That comes on top of the country’s already slow internet speed.
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Stocks return from losses in nervous trade
Stocks gained marginally in early trade today, returning from losses it suffered a day earlier.
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Bangladesh faces internet disruptions for 12 hours
Internet connectivity in Bangladesh will face partial disruption for 12 hours from this morning because of maintenance of 1st submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC) in a press release.
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Linde Bangladesh sells its welding electrode business to ESAB Group
Linde Bangladesh Ltd has sold its welding electrode business to ESAB Group, an American-Swedish industrial company, said the company today.
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December 24, 2023
Bangladesh gets $540m in third tranche of Japanese loans for airport terminal
Bangladesh has signed a $540 million loan agreement with Japan for the third terminal of Hazrat Shahjalal International Airport, a cargo terminal, and associated facilities.
December 13, 2023
IMF recommends calibrated monetary tightening, exchange rate flexibility
The International Monetary Fund (IMF) has advised Bangladesh to continue to focus on containing inflation and rebuilding external resilience.
December 8, 2023
27.51 lakh Bangladeshis go below poverty line: IFPRI researcher
The poverty situation in Bangladesh was higher than expected in 2020-21 as the COVID constrained economic activity and reduced incomes. The situation worsened further amid spirals in global food prices in 2022. And the global economic slowdown could push more people into poverty this year.
December 5, 2023
MJL Bangladesh plans to buy LPG tanker for Tk 350cr
MJL Bangladesh PLC, one of the leading private lubricant marketers, plans to invest $32.5 million, or Tk 350 crore, to purchase a newly-built tanker and provide rental services to private liquefied petroleum gas (LPG) companies.
November 7, 2023
Garment factory owners revise minimum wage upwards to Tk 12,500
Garment factory owners have submitted a new proposal on the minimum wage for apparel workers in Bangladesh, revising it upwards to Tk 12,500, according to a source.
November 5, 2023
First consignment of imported eggs arrives
The first imported consignment of eggs, which has become a much-talked item in recent months for high prices, entered Bangladesh today.
October 30, 2023
Govt allows potato import
The government has decided to allow import of potato to increase supply and contain the prices of the widely consumed vegetable in the domestic market, according to a statement by the commerce ministry today.
October 29, 2023
GPH Ispat’s profit down for higher cost of raw materials, dollars
GPH Ispat Ltd, one of the leading steel makers in Bangladesh, reported a massive drop in earnings during the financial year 2022-23 due to the spiral in raw materials prices and higher cost of the dollar in foreign currency transactions.
October 29, 2023
Unilever reports higher profit despite falling revenue
Unilever Consumer Care Limited (UCCL), the manufacturer of Horlicks in Bangladesh, said it generated a 25 percent year-on-year higher profit in the three quarters to September although revenue dropped.
October 8, 2023
Commerce ministry permits import of additional 5cr pieces of eggs
The commerce ministry has permitted five firms to import five crore pieces of eggs in order to increase supply of the protein item and check its prices in the domestic market, it said in a statement today.
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