Economy

Economy

Consignment of 2,450 metric tonnes of Indian rice arrives at Darshana Port

The rice, transported by rail, arrived at the Darshana port yard around 9 pm on Tuesday in 42 wagons from India’s Gede Port, authorities said.

25m ago

Dhaka stocks edge up slightly in morning trade    

DSEX gained 4.50 points as of 11:22 am  

43m ago

Most stock indexes fall for third day

Most stock market indexes in Bangladesh fell for a third consecutive trading day yesterday as skittish investors cautiously traded only select shares amid ongoing economic uncertainties..The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped by 1.01 points, or 0.02 percent, f

12h ago

Govt to find jobs for 40,000 workers laid off by Beximco

The government is trying to find jobs for 40,000 laid-off workers of Beximco Group in factories within the Bangladesh Export Processing Zone Authority (Bepza) and the Bangladesh Export Zones Authority (Beza), a senior labour ministry official said.

12h ago

ADP spending fell 19% in Jul-Dec

The implementation of the Annual Development Programme (ADP) in the first six months of fiscal year 2024-25 was down 19 percent year-on-year, due mainly to political unrest and delay caused by thorough scrutiny of previously approved projects.

12h ago

BSEC halts Tk 5cr fundraising by Doer Services

The Bangladesh Securities and Exchange Commission (BSEC) has halted the subscription for a qualified investors offer (QIO) by homegrown software firm Doer Services Ltd to raise Tk 5 crore, following several media reports about the company’s problematic client agreements and profitability.

12h ago

Potato growers at risk of huge losses as prices dip

Potato acreage in Bangladesh increased to a record high of 5.21 lakh hectares this year, but growers are apprehensive about a significant financial setback due to falling prices of the popular vegetable.

12h ago

Revenue reforms key to raising tax-to-GDP ratio

Bangladesh’s tax-to-GDP ratio, one of the lowest globally, underscores the urgent need for comprehensive revenue policy reforms, according to a member of a government panel working on recommending relevant changes.

12h ago

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

1m ago

Indian banks reviewing Adani Group exposure

Indian lenders, including State Bank of India, are reviewing their exposure to Adani Group and examining whether they need to tighten their due diligence when offering new loans to them, after the US accused Chairman Gautam Adani of bribery, eight bankers said.

1m ago

Gen Z: The new challenge for family businesses

In recent years, family businesses are facing a new wave of challenges, dealing with Gen Z. Except for a few, most family-run companies are showing cracks that could lead to collapse. The older generation hopes their progeny will follow in their footsteps, but are they truly leaving behind stellar examples?

1m ago

Trump tariff talk spurs global jitters, preparations

Donald Trump’s tariff threats have rattled foreign businesses and governments, with many fearing it could signal the opening salvo of an all-out trade war when he returns to the White House next year.

1m ago

Lack of storage compromising fertiliser quality in Rangpur

The Bangladesh Chemical Industries Corporation’s (BCIC’s) buffer warehouse in Rangpur is grappling with a severe shortage of storage space that has left authorities with no choice but to store excess fertiliser stocks outdoors.

1m ago

Foreign debt servicing jumps 31% in Jul-Oct

Bangladesh’s foreign debt servicing surged nearly 31 percent year-on-year in the first four months of fiscal year 2024-25 owing to the country’s expanded foreign loan portfolio and a rise in global interest rates.

1m ago

Restoring law and order a top priority

Restoring law and order has become an urgent priority for the country, the Metropolitan Chamber of Commerce and Industry (MCCI) said in its review for the July-September period, titled “Economic Situation in Bangladesh”.

1m ago

Bangladesh’s ratio of low-paid workers 3rd highest in South Asia

Bangladesh has the third highest percentage of low-paid workers among South Asian nations after Sri Lanka and Bhutan, according to a report by the International Labour Organization (ILO) released yesterday.

1m ago

What’s the point of revolution if ill-gotten wealth not reclaimed?

Noted economist Debapriya Bhattacharya has raised the question as to why the massive wealth accumulated through looting and corruption during the previous regime has not been reclaimed by the state yet.

1m ago

Tax hike dents mobile subscriber base

The mobile subscriber base in Bangladesh dropped by over 52 lakh between July and September, the first three months of the current fiscal year, as operators slashed subsidised sales of SIM cards due to increased taxes.

1m ago