Industries
Address policy challenges for more UK trade: HSBC study
Bangladesh faces challenges related to regulatory and policy environments, including complex tariffs, intellectual property protection and inadequate logistics infrastructure, which are bottlenecks to diversifying exports to the UK, according to an HSBC study..Addressing these issues throu
Govt to import another 50,000 tonnes of rice from India
The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The
Monno Ceramic’s profit plunges 89% in Q1
Monno Ceramic Industries Ltd, one of the leading ceramic tableware manufacturers of the country, saw its profit drop significantly year-on-year in the first quarter of the current fiscal year.
Doreen Power posts 17% drop in profit
Doreen Power Generations and Systems has witnessed a year-on-year drop in its profit in the first quarter of the current fiscal year, reasoning that its power plants had been shut down and costs had soared.
277 firms allowed to import 14.81 lakh tonnes of rice
The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do
Stocks rise marginally after 3-day fall
Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b
Steelmakers call for speeding up infrastructure projects
Steelmakers in Bangladesh have placed a five-point demand to the interim government, which includes accelerating infrastructure development projects, to address ongoing challenges in the industry..“The government needs to intensify its development efforts to resolve the economic crisis tha
Remove barriers to pipe and tube-well industry
Young entrepreneurs in the pipe and tube-well industry of Bangladesh have urged the interim government to address bottlenecks that are hindering their investments and operations..They made this plea at a “views exchange for facilitating business among youths”, organised by the Bangladesh P
GPH Ispat rebounds to profit in Q1
GPH Ispat’s revenue increased by 5 percent year-on-year to Tk 1,135.70 crore.
Walton inks deal with Sri Lankan firm for market expansion
Walton Hi-Tech Industries has inked a deal with Monik Trading Private Ltd, a Sri Lankan company, to develop joint brands and expand market reach.
Khulna Power’s Q1 profit declines 72%
Profit of the power producer plunged 72 percent to Tk 1.76 crore in the July-September quarter.
Salt farmers depressed by low prices
The cracked and barren fields around the Chowfaldandi village in Cox's Bazar suggest that the season for salt cultivation has arrived. However, disheartened by low market prices of the daily essential, very few farmers are preparing their land for that purpose..According to farmers, prices
ACI’s Q1 loss rises 167% year-on-year
Higher borrowing cost primary reason for incurring losses
Stocks fall after two-day rise
Major indices of the stock market in Bangladesh fell yesterday, snapping a two-day gaining streak as investors cautiously traded select shares to pocket short-term gains amid price fluctuations resulting from earnings disclosures by listed companies..The DSEX, which reflects the cumulative
Pragati Life settles Tk 305cr in claims by Q3
Pragati Life Insurance Limited settled Tk 305.20 crore in claims from the January to September period of the financial year 2024, reflecting an increase of 11.73 percent compared to the same period last year..The life insurer settled a total of 98,266 claims in the first three quarters of
Two Orion concerns saw contrasting earnings in FY24
Orion Pharma and Orion Infusion, two listed concerns Orion Group, posted contrasting financial results for the fiscal year that ended on June 30, 2024.
United Power posts 127% profit growth in first quarter
United Power Generation and Distribution Company Ltd (UPGDCL) posted a massive rise in profit in the first quarter, driven by higher tariffs and stable forex rates.
Trump’s high tariffs on China may lower edible oil prices globally: importers
The Trump Administration’s imposition of high tariffs on goods made in China may help to reduce the price of soybean seeds and edible oil in Bangladesh, traders and importers said..China’s retaliatory tariffs may also discourage Chinese importers from buying US goods, they added. .If