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
Walton’s Q1 profit falls 26%
Higher finance costs and foreign currency losses behind the profit drop
Stocks rebound after three-day fall
Major indices of the stock market in Bangladesh yesterday saw a rebound from three days of constant decline as shares in the large-cap and blue-chip categories performed well amid intense selling pressure..The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE) edged up by 67.58 po
Duncan sells entire stake in United Finance, United Insurance
Several directors of United Group purchased the shares for around Tk 180 crore
ILFSL depositors demand punishment of SK Sur Chowdhury, Shah Alam
The Individual Depositors’ Forum of International Leasing also wanted their deposit money back with compensation
Crown Cement’s profit plummets 89 percent in July-Sep
Political turmoil, floods and capacity woes behind profit fall
Cabinet to decide next course of action on Bay Terminal project
A decision on the next course of action centring the Bay Terminal project of the Chattogram port will be taken following a cabinet discussion..Adviser to the shipping ministry Brig Gen (retd) M Sakhawat Hussain informed this at a discussion on the project involving high-level officials at
Visa Leadership Conclave emphasises deepening of digitisation of Bangladesh economy
Recognising the importance of Bangladesh as a market, a Visa Leadership Conclave in Dhaka reiterated Visa’s focus on expanding digitisation of the Bangladesh economy..The digital payment solutions provider recently organised the annual “Visa Leadership Conclave Bangladesh 2024” at a hotel
BB appoints receiver to troubled Beximco Group
Bangladesh Bank Executive Director Md Ruhul Amin will manage the financial affairs and assets of the group
Directors of 10 firms to face fine for missing dividend payment deadline: BSEC
Nine companies are given December 15 deadline and one November 30
Stocks fall for the third day
The prime index of the Dhaka Stock Exchange shed 0.95% to to end the day at 5,265