Star Business Report

Vehicle sales plunged in 2024

This marked the steepest decline since the Covid-19 pandemic, when roughly 3.8 lakh vehicles were registered with the BRTA

1m ago

Bangladesh moves to split revenue authority with new ordinance

Bangladesh’s interim government has moved to restructure the country’s tax system by creating two new divisions under the Ministry of Finance, a move aligned with recommendations from the International Monetary Fund.

2m ago

Stocks post weekly 2% fall

Stocks fell last week as concerns over potential corporate tax hikes in the upcoming budget weighed on investor sentiment.

2m ago

GPH Ispat to raise $150 million by listing on the Hong Kong Stock Exchange

The decision to pursue the listing was approved during a board meeting held on January 23, according to a press release issued yesterday

4m ago

Titas Gas suffers Tk 523cr rout in Q2 as system loss mounts  

Titas Gas Transmission and Distribution Company, the state-owned gas distributor, reported a significant loss in the second quarter of fiscal 2024-25, driven by a sharp increase in system loss.

4m ago

Grameen Bank ownership, board to see major changes 

The plan has been outlined in the draft of a new ordinance

5m ago

World Bank approves $1.16bn for three Bangladesh projects

The World Bank today approved three loans totalling $1.16 billion to help Bangladesh improve health services, boost water and sanitation services and achieve greener and climate-resilient development, it said in a statement.

6m ago

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.

10m ago
July 23, 2023
July 23, 2023

Bangladesh Bank relaxes rule over bankers’ promotions

Bangladesh Bank in a circular today relaxed a rule over the requirement of diploma certificates for bankers to get promotions. 

July 6, 2023
July 6, 2023

Forex reserve falls below $30b again

Under the ACU, Bangladesh clears import bills every two months and forex reserve usually falls after the payment.

July 6, 2023
July 6, 2023

ICB approves Tk 20cr loan for Prime Bank Investment

The Investment Corporation of Bangladesh (ICB) has sanctioned a loan of Tk 20 crore in favour of Prime Bank Investment Limited (PBIL) from the “special fund for affected small investors of capital market” on a repayment basis.

July 5, 2023
July 5, 2023

Bangladesh-UK trade dialogues to take place soon

The first and second Bangladesh-United Kingdom (UK) trade and investment dialogue will soon take place in Dhaka to discuss bilateral and investment issues between the two countries, Commerce Minister Tipu Munshi said today.

July 5, 2023
July 5, 2023

Wristwatch market seeing steady uptick

Wristwatches have long been considered as a status symbol for being a stylish tool that has practical uses while also being a clear indicator of the wearer’s social standing.

July 5, 2023
July 5, 2023

Rules on 'tax deducted at source' framed as per new tax law

The National Board of Revenue (NBR) has framed rules regarding tax deducted at source (TDS) in line with the new income tax law that came into effect last month.

July 4, 2023
July 4, 2023

IMF-WB team to visit Dhaka to assess bond market

A technical assistance mission of the International Monetary Fund (IMF) and World Bank is expected to arrive in Dhaka tomorrow in order to undertake a detailed assessment of the Local Currency Bond Market (LCBM) and suggest ways for its development.

June 2, 2023
June 2, 2023

‘We did not frame budget in line with IMF prescriptions’

The government has not framed the national budget for the fiscal year of 2023-24 based on the prescription of the International Monetary Fund (IMF), said Finance Minister AHM Mustafa Kamal today.

May 24, 2023
May 24, 2023

Govt lifts ban on aromatic rice export

Senior Commerce Secretary Tapan Kanti Ghosh shared the information today

April 30, 2023
April 30, 2023

Beximco’s profit falls for higher costs

Beximco Ltd logged a 33 per cent year-on-year decline in profit in the July-March period of the ongoing financial year owing to the sharp depreciation of the local currency and higher energy and freight costs.