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
Renata’s profit falls 42% despite higher sales in Q1
Increased spending on raw material, manpower caused the fall
Up to Tk 50 fee imposed on online tax payments
The fee will be Tk 20 for payments of up to Tk 25,000 and Tk 50 for up to Tk 50,000
BSRM Steel’s Q1 profit grows 86%
Higher sales and reduced financial costs drive profit growth
Deal with Japan can boost trade
The signing of an economic partnership agreement (EPA) between Bangladesh and Japan will increase bilateral trade and open a new door of opportunities for the South Asian country, Commerce Adviser Sk Bashir Uddin said yesterday.
State sugar mills aim to boost annual output by 45%
State sugar mills are set to start the crushing of sugarcane from the middle of this month, with a target of increasing production by 45 percent year-on-year in the current fiscal year of 2024-25..Nine state sugar mills under the Bangladesh Sugar and Food Industries Corporation (BSFIC) tar
Stocks fall on poor performance of large companies
Indexes of the stock market in Bangladesh declined yesterday on rising the day before, largely due to the poor performance of Islami Bank Bangladesh along with the large-cap and blue-chip shares amid sales pressures..Large-cap refers to shares which account for large amounts in market capi
Banglalink launches AI-powered lifestyle pack RYZE
Banglalink has launched a new digital lifestyle prepaid package, styled “RYZE”, aimed at empowering young users with a dynamic digital experience..Aligning with the government’s vision to support youth through upskilling opportunities, the new pack provides AI-powered productivity tools fo
Gold to be Tk 2,520 cheaper from tomorrow
Each bhori of 22-carat gold will be Tk Tk 136,188 from November 13
Chic Wings (BD) Lingerie to invest $18 million in Bepza Economic Zone
The Sino-Singapore firm will set up a garment manufacturing factory