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
DSE stocks rebound after massive fall
Indices of Dhaka Stock Exchange (DSE) rose yesterday on falling by a massive extent on the preceding three days, which was followed by protests by some investors in the capital’s Motijheel who blamed some of the regulator’s recent punitive measures. .The Bangladesh Securities and Exchange
e-filing of tax returns crosses 50,000 in less than a month
The NBR relaunched the e-filing portal on Sep 9
NBR forms taskforce to reform income tax law
Tax Commissioner Ikhtiar Uddin is heading the seven-member task force
Ctg Chamber’s administrator gets 90-day tenure extension
The administrator will remain effective until January 7 next year
12 garment factories reopen in Gazipur
Authorities declared a holiday for these factories yesterday in the Gazipur Sadar area to restore stability amid growing labour unrest
Ibn Sina Pharma announces 63% cash dividend, highest in 7 years
Ibn Sina’s consolidated earnings per share (EPS) was Tk 21.46, compared to Tk 19.38 the previous year, according to a disclosure on the Dhaka Stock Exchange (DSE)
Upon pay assurance, workers lift highway blockade after 52 hours
Workers of Birds Group, a textile maker in Bangladesh, withdrew their blockade at the Baipail intersection of the Nabinagar-Chandra highway in Dhaka’s Ashulia yesterday after being assured that all their arrears will soon be paid..At around 9:30am last Monday, workers of Birds Group blocke
Four lenders get Tk 945 crore liquidity support from five other banks
FSIBL gets Tk 300 crore, SIBL Tk 350 crore, Global Islami Tk 25 crore and National Tk 270 crore
Non-resident Bangladeshis can now get up to Tk 10 lakh in bank loans
Repayments will be made from the remittances sent home