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
Far East Knitting posts Tk 36cr profit
Far East Knitting & Dyeing Industries Ltd reported a profit of Tk 35.87 crore for the financial year ending on June 30, 2024, reflecting a 3.7 percent increase year-on-year.
Premier Cement made Tk 74.23cr profit in FY24
Premier Cement Mills PLC, one of Bangladesh's leading cement manufacturers, reported a profit of Tk 74.23 crore for the financial year ending on June 30, 2024.
Brokers urge DSE to act as primary regulator
Stockbrokers in Bangladesh have urged the Dhaka Stock Exchange (DSE) to regain its role as the primary authority in allowing initial public offerings (IPOs) and monitoring the country’s share market..This request came at a meeting between leaders of the DSE Brokers Association (DBA), the t
Stocks bounce back after five-day losing streak
The indexes of the Dhaka Stock Exchange (DSE) rose yesterday, snapping a five-day losing streak on the back of the good performance of shares in the blue-chip and large-cap sectors..Shares of Islami Bank Bangladesh, BRAC Bank, Heidelberg Materials Bangladesh PLC, Bangladesh Steel Re-rollin
Trade through Benapole to remain suspended for 4 days until Oct 24
The suspension was imposed, as Indian minister will open a terminal at Petrapole on October 24
Financial literacy a must to empower women entrepreneurs
Financial literacy is crucial for empowering women entrepreneurs, according to Farzana Khan, general manager of the SME Foundation.."We must go beyond offering financial products and ensure that women have the skills and knowledge to navigate these services effectively. This will complemen
Pran takes part in SIAL fair in Paris to boost exports
Pran, a leading food processor in Bangladesh, is participating in the SIAL Paris to boost its exports to Europe and North America..The five-day fair of food processors began at the Nord Villepinte Exhibition Centre in Paris on October 19..This year, about 7,500 exhibitors from 130 co
146 creative campaigns honoured with COMMWARD
The 13th Communication Summit, which brings together leading professionals from the creative communication industry, business leaders and brands to explore the future of creative marketing, was held the Le Méridien Dhaka in the capital yesterday..Organised by Bangladesh Brand Forum (BBF) i
Gold price crosses Tk 1.4 lakh per bhori
The price of gold in Bangladesh is set to break all previous records as it will cross Tk 1.4 lakh per bhori (11.66 grams) today, according to a statement by the Bangladesh Jewellers Association (Bajus)..Bajus said it asked its members to follow the new rate from Sunday due to the increased