Industries
Germany to provide €180m for cooperation projects
Germany will provide around €180.81 million (approximately Tk 2,265 crore) for bilateral development cooperation projects in Bangladesh that focus on a number of mutually agreed core areas..Of the total support, €45.8 million will be in the form of technical cooperation and the rest in the
Stocks fall after two-day gains
Major indices of the stock market in Bangladesh fell yesterday on gaining for two days as investors opted for caution in their trades amidst political and economic uncertainties..The last few days were downbeat for investors and the market centring Bangladesh’s foreign credit rating being
National Bank recovers Tk 900cr bad loans till Oct
National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s
Deal signed for 181 million euro German financial, technical cooperation support
45.8 million euro will come as technical cooperation and 135 million euro as financial support
Six crisis-hit banks get Tk 22,500 crore BB fund
The banks are: FSIBL, SIBL, Exim, National, Union and Global Islami
Provide venture capital, private equity to startups, SMEs
Bangladesh’s future depends on creating a knowledge-driven economy, and new businesses require a supportive environment to succeed alongside funding, which can come in the form of venture capital and private equity, said speakers at a discussion recently..Venture capital is a type of finan
Exports to EU may fall 20%
Bangladesh's overall exports to the European Union (EU) may fall by as much as 20 percent due to the combined impacts of the nation’s graduation from least developed country (LDC) status and the EU-Vietnam Free Trade Agreement (EVFTA), according to a study..Mohammad Abdur Razzaque, chairma
Extend tenure of Tk 200 crore stockmarket fund, BSEC urges BB
The commission also wants the fund dedicated for each bank to be increased to Tk 300 crore
BAT Bangladesh sees 2% drop in profit
It declared a 150% cash dividend for the Jan-Sep period
Stocks rebound after falling to 4-year low
Indices of Dhaka Stock Exchange (DSE) bounced back strongly yesterday on plummeting to a four-year low on the previous day as investors cautiously traded select shares to pocket short-term gains amidst price movements..A Dhaka-based investor said a section of investors went on to buy selec
BRAC Bank’s profit surged 69% on strong investment, fee income
Its July-September profit was Tk 419.62 crore
Beximco Pharma posts Tk 586 crore profit in FY24
It recommended 40% cash dividend, highest in 8 years
Pran to reopen two state textile mills under PPP
Two factories of state-owned Bangladesh Textile Mills Corporation (BTMC) are being reopened after 27 years through a private-public partnership (PPP) with Pran-RFL Group..RR Textile Mills in Sitakunda and Rajshahi Textile Mills will be relaunched after being renamed Chittagong RR Textiles
Bangladesh’s GDP growth slows to 3.91% in Apr-Jun quarter
It is the lowest expansion in the four quarters of 2023-24 fiscal year
Khulna Power shuts down plants for deal uncertainty
Despite negotiations with BPDB, no formal PPA have been executed, said KPCL in a disclosure on the website of the Dhaka Stock Exchange today
Number of mobile internet users dropped in August
The number of mobile internet subscribers in Bangladesh dropped by nearly one crore to 12.69 crore in August, marking the second consecutive month of decline..Shahed Alam, chief corporate and regulatory officer at Robi, said customers have been discontinuing the use of secondary SIMs ever
Edible oil prices rise in spite of VAT cut
Consumers in Bangladesh saw no drop in soybean and palm oil prices over the past week even though the National Board of Revenue (NBR) has reduced an import VAT from 15 percent to 10 percent.
Enquiry panel to find reasons for stock market downtrend
The four-member committee will submit a report in 10 workdays