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
Pubali Bank’s profit surges 43% in Jan-Sep
Investment income and increased net interest lift earnings
Square Pharmaceuticals reports Tk 2,092 crore profit in FY24
Buoyed by the profit growth, Square Pharma’s board has recommended a 110 percent cash dividend, its highest in nine years
Fashion brands face criticism for failure to protect labour rights in Bangladesh
Fashion brands, including H&M and Zara, are facing criticism over their lack of action to protect workers' basic rights in Bangladesh, according to Clean Clothes Campaign (CCC)..One year after a violent crackdown by state actors and employers against Bangladeshi garment workers protesting
Interim govt’s economic initiatives show positive results: ICCB
The country is witnessing the impacts of initiatives taken by the interim government within two months of taking office, including increased flow of remittance, improved foreign exchange reserves, reduced fuel prices and accessible loans for export industry workers, according to the Internationa
SMEs hit hard by August floods need govt assistance to survive
Most SMEs lost all of their belongings and now seek government assistance
Singer Bangladesh reports Tk 18.54 crore loss in Q3
Earnings per share plunge 92% in Jan-Sep as operating costs soar
Insurance association president resigns for 'health reasons'
He had been serving as president for over a decade, exceeding the limits set by the association's regulations
Spiralling seed prices shock potato farmers
Dhiraj Roy, a farmer from Maljhar village in Biral upazila of Dinajpur, is reconsidering plans to cultivate early varieties of potatoes on his 50-decimal plot of land as the rising cost of seeds and agricultural inputs is straining his limited budget.."Each kilogramme (kg) of Çhalisa varie
Heidelberg Materials Bangladesh posts Tk 79.10 lakh loss in Q3
Lower sales and higher tax payments are the reasons behind the loss