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
Govt to buy two cargoes of LNG from spot market
The first consignment will cost Tk 640.15 crore and the second one Tk 649.59 crore
Onion prices fall at wholesale but retail rates remain higher
Onion prices at wholesale markets in Bangladesh have decreased over the past week thanks to imports of the popular cooking ingredient, but prices at the retail level remain mostly unchanged..About 7.71 lakh tonnes of onion were cultivated this year, with farmers keeping 1.03 lakh tonnes in
IT entrepreneurs complain about anomalies in customs policies
They highlighted their problems at an event organised by Computer Solutions Inc (ICSI) and its Chinese partner EKSA
Rooppur power plant to receive equipment for radiation monitoring soon
23 units of the monitoring systems have already been shipped from Russia
Remittance rises 80% in September
Migrant Bangladeshis sent in $2.40 billion in September, 8.12% higher than August
Apex Footwear records highest profit in 9 years
It made Tk 17.63 crore for the year ended on June 30 this year
Confidence Cement investing Tk 815cr to set up new factory
Confidence Cement PLC, a cement maker based in Chattogram, is investing Tk 815 crore to set up a new production facility on 10 acres of land in Narsingdi and cater to the future demand..The move comes at a time when cement sales have nearly halved over the past few months as most private a
IMF reaffirms support for interim government
The International Monetary Fund (IMF) has reaffirmed its support for Bangladesh’s interim government in overcoming the various economic challenges the country has been facing in recent times.
Collaboration between private, public sectors a must now: finance adviser
A delegation of the Foreign Investors’ Chamber of Commerce and Industry meets Salehuddin Ahmed
Debt servicing surges 47% in Jul-Aug
The amount hit $589 million in the first two months of FY25