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
TOAB threatens movement against move to limit tourists on Saint Martin
President of Tour Operators Association of Bangladesh (TOAB) Mohammed Rafiuzzaman has threatened a greater movement against any “negative decision” on Saint Martin's island ahead of the tourism season
Key stock index lowest in two and a half months
Stocks in Bangladesh sank to a two-and-a-half-month low yesterday as investors poured their funds only into selective shares to pocket short-term gains amid price fluctuations..The DSEX, the main index of the Dhaka Stock Exchange (DSE), fell by 1.09 percent from the day before to close at
BASIS president resigns alleging ‘threats to family’
The resignation follows multiple cases filed against leaders in the ICT industry, including Ahmed, in connection with the mass movement of July and August
DSE turnover lowest in two and a half months
The turnover of Dhaka Stock Exchange (DSE) yesterday amounted to a two and a half month low of Tk 296 crore as skittish investors dumped their holdings to avert price erosions in their portfolios. The turnover, which is the total value of all the shares traded on the day, was 6.83 percent
Govt’s food distribution slides 14% in first quarter
Government's food distribution under various social protection schemes declined 14 percent year-on-year in the first quarter of fiscal year (FY) 2024-25, mainly because of reduced transfer of grains under the Food for Work (FFW) and Food Friendly Programme (FFP).
Chinese firm Jidalai to invest $5.85 million in Adamjee EPZ
The company will annually produce 70 million pieces of pullers of zippers
Excelerate Energy to invest more in Bangladesh’s energy sector
A delegation of the US-based LNG company calls on chief adviser
Garment export to US falls 9.16% in Jan-Aug
Data released from the Office of Textiles and Apparel (OTEXA) showed the fall
