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
Stocks rise for a 3rd day straight
The stock markets in Bangladesh maintained an upward trend for a third consecutive day yesterday as investors cautiously traded on select shares amidst optimism over regulatory measures..Insiders and market analysts said a section of investors was optimistic over the latest market trends,
Social Islami Bank fires 579 probationary officers appointed by S Alam
Crisis-hit Social Islami Bank has terminated 579 probationary officers who were allegedly appointed illegally by Chattogram-based conglomerate S Alam group..The human resource department of the Shariah-based lender sent letters to the 579 officers on Thursday, informing them that their ser
US secret service to train Bangladeshi agencies
60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training
Completely lift import duty on onion: BTTC
In the face of rising prices of onions, the Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government allow zero-duty entry of the kitchen staple to cut import costs and stabilise domestic prices. .Prices of the bulb surged to as high as Tk 150 per kilogramme earlie
Economy is making a turnaround: finance adviser
Business leaders appreciate the steps taken for the domestic industry
Bata Bangladesh reports Q3 loss but declares 340% interim cash dividend
Limited retail operations during the period hampered its sales and profitability
Govt won't allow shortage of essentials: Salehuddin
The interim government will see to it that there is no shortage of any essential commodity even though there are financial constraints, said Finance Adviser Salehuddin Ahmed yesterday..“We have been repeatedly saying that we will not allow people to suffer for a shortage of essential commo
Govt to go for wider reforms to fix economy: Lutfey Siddiqi
The government will bring structural reforms in all areas as required to mend the economy and create an investment climate, according to Lutfey Siddiqi, the chief adviser’s special envoy on international affairs..“We want to create a pro-business climate through discussions with businessme
Robi Axiata’s profit rises 78% in Q3
The telecom operator made Tk 188.7 crore in Jul-Sep this year from Tk 106 crore in the same period last year
