Industries
Our inflation quagmire
Inflation refuses to budge. Part of the reason may be honest disclosure of what the data is saying.
BSC issues tender to dispose of two old oil tankers
The Bangladesh Shipping Corporation (BSC) has finally taken steps for the disposal of two of its oldest oil tankers, which, according to experts, had become unfit by 2015.
LC margin bar withdrawn for crisis-hit six banks
They are: IBBL, FSIBL, SIBL, Union, Global Islami, Bangladesh Commerce
MGI’s concern, ADB sign $20 million loan deal for flour milling plant
The plant will produce 660,000 tonnes of wheat with 37% less electricity than regular
Jetties empty at Ctg port as import falls
Many of the Chattogram port’s 12 container jetties have been lying vacant for the last couple of weeks due to a fall in the number of ships amid a decrease in imports..The port currently has 18 jetties. Of these, 12 jetties are dedicated for accommodating container vessels and the remainin
BSEC summons Confidence Cement for dividend payment failure
The cement maker has to appear before the stockmarket regular on Dec 8
Banks asked to provide loan info of Thermax Group
The Bangladesh Bank has asked lenders in the country to provide detailed information on all the loans and liabilities of companies operated by Thermax Group..The banks have been asked to provide the information by Wednesday. There are more than a dozen companies under the group that produc
Dutch-Bangla Bank’s services to remain suspended temporarily
Core banking will be unavailable from Jan 1-5 next year and agent banking from Dec 30 to Jan 5
PDB can save $1.2 billion a year by fixing core problems: IEEFA
The global energy think-tank suggested shifting half of Bangladesh’s existing industrial demand to the grid
Jamuna Oil’s profit jumps 48% in Q1
Jamuna Oil Company Limited recorded strong earnings in the July-September quarter of the current fiscal year 2024-25 on the back of higher interest income.
NBR grants 15-year tax exemption for new renewable plants
With the objective of facilitating clean energy generation, the National Board of Revenue (NBR) has granted a 15-year tax benefit for investments to establish renewable energy-based power facilities..The revenue authority issued a circular in this regard on November 27, saying it would exe
Stocks rise for a second day
The stock markets in Bangladesh rose for a second consecutive trading day yesterday as investors poured fresh funds for select shares to quickly gain short-term profits amidst price movements..Shares of companies like Square Pharmaceuticals, Grameenphone, Robi Axiata, Saif Powertec, Renata
$6 billion foreign loan commitments may come by June: finance adviser
The commitments will come from multiple sources, including World Bank, IMF, ADB, Opec
Roadmap is there to implement ILO conventions: commerce adviser
EU Ambassador Michael Miller calls on the adviser
Chevron to invest in new gas exploration in Bangladesh
The energy giant thanks the interim government for starting to clear overdue payments