Economy

Economy

Penalty less than illegal gains fuels stock manipulation

While fines are intended to deter future offences, questions remain over their effectiveness if the amount is lower than the illegal gain.

11h ago

Drug sales growth slows amid high inflation

Sales growth of drugs slowed down in fiscal year 2023-24 ending last June, which could be an effect of high inflationary pressure prevailing in the country over the last two years.

11h ago

Inflation high as oligarchic grip still haunts economy

Even after the political changeover in early August, the domestic market has been reeling under the influence of oligarchs, according to economist Hossain Zillur Rahman.

11h ago

Japan for reforms to combat corruption

Japan is eager to see reforms that eliminate corruption and improve governance, which are key factors for Japanese companies to invest in Bangladesh, said Japanese Ambassador to Bangladesh Iwama Kiminori.

11h ago

BTRC blocks call services of three IGW operators

The Bangladesh Telecommunication Regulatory Commission (BTRC) recently ordered the suspension of all voice call services provided by three International Gateway (IGW) operators for breaching rules.

11h ago

Reliable data, policy reforms needed to boost tech sector

The technology sector of Bangladesh is facing critical bottlenecks due to data inaccuracy, experts said at the 9th edition of the BRAC Bank-The Daily Star ICT Awards held last Friday.

11h ago

Market scoping and client onboarding in banks

Banks and banking seniors across the global or regional banking arena are being faced with one very important issue -- which market(s) to enter, which product to offer and which clients to choose and onboard.

11h ago

Govt to renew gas supply deal with LafargeHolcim

The interim government has decided to extend an agreement between the Jalalabad Gas Transmission and Distribution System and LafargeHolcim Bangladesh PLC on gas supply from January 17 of 2026, allaying concerns of investors.

11h ago

Payra power plant halts production for tests of new facility

Production cost at new facility to be lower than that of Adani, other plants

3d ago

Iran currency slips to new lows amid US, Europe tensions

The Iranian currency extended its fall on Saturday, hitting a new all-time low against the US dollar amid uncertainties about Donald Trump's imminent arrival in the White House and tensions with the West over Tehran's nuclear programme..The rial plunged to 756,000 to the dollar on the unof

3d ago

IMF cuts Bangladesh’s growth forecast again, keeps inflation projection elevated

Bangladesh may grow 3.8% in FY25, not 4.5% in FY25, the lender says

3d ago

Gold price hiked again, Tk 140,586 a bhori from tomorrow

The previous price of 22-carat gold was Tk 138,498 a bhori

3d ago

IMF to give $645 million as fourth tranche of loan to Bangladesh

IMF agreed to Bangladesh’s request to extend the loan amount, now it stands at $5.3 billion

3d ago

BIGF gets new chairperson

The Bangladesh Internet Governance Forum (BIGF) is the Bangladesh chapter of the Internet Governance Forum

3d ago

Ring Shine terminates share sale to Wise Star

Ring Shine Textiles has decided to terminate its share purchase agreement with Wise Star Textile Mills as it doubts that the latter would be able to carry out the deal.

4d ago

Govt grants Tk 3,000cr for ICB to stabilise stock market

The Investment Corporation of Bangladesh (ICB) has secured a Tk 3,000 crore loan with a state guarantee to bolster the country’s capital market, according to a disclosure on the Dhaka Stock Exchange website.

4d ago

Eurozone business activity contracts again

Business activity in the eurozone declined further in December, though less sharply than the previous month thanks to an upturn in the services sector, a closely-watched survey showed Monday.

4d ago

Oil will aid rather than hinder Trump-MBS bromance

Donald Trump and Mohammed bin Salman each have contradictory objectives in 2025. The US president-elect wants to apply “maximum pressure” on Iran, but won’t want the spike in oil prices that may accompany it. The Saudi crown prince is sick of forgoing oil revenue by pumping 3 million barrels below his 12 million barrel daily capacity – but will be wary of a price crash if he opens the taps. Even so, there’s a way for their bromance to bloom.

4d ago