IMF prod for power-energy subsidy withdrawal
Consumer-rights campaigners worry about further inflation spikes as the visiting IMF appraisal mission asks government authorities to make sure subsidies do not exist in the ...
United Power's income soars 25pc in Q3 on higher investment returnq
United Power Generation & Distribution Company's profit jumped 25 per cent year-on-year to Tk 3.17 billion in the third quarter through March this year, supported ...
Remittance crosses $2.0b in April
With more than 21 per cent increase compared to the same month last year, money transfers from Bangladeshi expatriates abroad soared to $2.043 billion in ...
Beverages see record sales as heatwave continues
The nationwide heatwave that has been persisting for about last one month pushed up sales of beverages, water, instant drink powder, oral saline, ice cream ...
Tax rise plan for high earners faces backlash
Salaried taxpayers have seen their tax liabilities increase over recent years, due mainly to a high rate of inflation that has outpaced wage growth. A proposal ...
Debt rescheduling cycle fuelling inflation: Dr Farashuddin
Former governor of Bangladesh Bank, Dr Mohammed Farashuddin, has highlighted significant issues plaguing Bangladesh’s economy including persistent high inflation, continued rescheduling of loans, and the ...
LPG price cut by Tk 49 for 12-kg cylinder
The Bangladesh Energy Regulatory Commission (BERC) on Thursday slashed the price of liquefied petroleum gas by 3.39 per cent for an LPG cylinder for May ...
Power and energy sector likely to get Tk 804b allocation in next two fiscals
The government has set a target to allocate Tk 804 billion for the power and energy sector in the next two fiscals as it attaches ...
More heatwaves in May, fears of cyclone: Met office
After an arid and exhausting April, the Bangladesh Meteorological Department is forecasting more heatwaves, along with nor'wester storms, in May. The second half of the current ...
Historic May Day observed
The historic May Day was observed on Wednesday in the country and elsewhere across the world in a befitting manner. The day is being observed across ...
Prices of petroleum oil, gas hiked
The government has raised the prices of petroleum oil and gas used for power and captive power generation. Petrol price has increased by Tk 2.50 per ...
Most drug makers' revenue growth fails to propel profit as much
Leading drug makers showed a double-digit revenue growth year-on-year in the nine months through March this year, but the rise in their profits was much ...
International lenders to provide $121.55m in project finance
Asian Development Bank (ADB) will arrange a loan of US$121.55 million for a local private company to set up a 100-megawatt solar power plant in ...
Reforms can help mobilise three times higher revenue: Experts
Phasing out certain tax exemptions could generate an additional Tk 600- billion revenue in next four years while more extensive reforms are imperative, suggests a ...
HC allows govt agencies to probe loan ‘scams’ of 3 Islami banks
The High Court has opened the floor for the government agencies concerned to take steps to inquire into the alleged irregularities in the loan disbursement ...
NOAB, Editors’ Council condemn BB’s ‘unwritten ban’ on media entry
The Newspaper Owners’ Association of Bangladesh (NOAB) and the Editors’ Council have said that Bangladesh Bank’s ‘unwritten ban’ on journalists' access to its headquarters amounts ...
ADB to provide $121.55m loan for private sector solar project
Asian Development Bank (ADB) will provide US$121.55 million to Dynamic Sun Energy Private Limited to build a 100-megawatt grid-connected solar photovoltaic power plant in Bangladesh. Manilla-based ...
Square Pharma's profit soars 15pc on higher revenue
Square Pharmaceuticals has exhibited a 15 per cent year-on-year growth in profit for January-March FY24 to Tk 4.41 billion, supported by higher revenue. It witnessed an ...
Eastern Housing's income plummets 14pc as flat sales hit rock bottom
Eastern Housing's profit dropped 14 per cent year-on-year to Tk 135 million in the January-March quarter of FY24, as apartment sales plunged for rising costs ...
BD set to sign maiden loan deal with NDB
After hectic negotiations, Bangladesh is finally poised to sign its first loan agreement with the New Development Bank (NDB) -- the lending arm of the ...
Sector sees profitability fall, asset quality cure
Banking saw a little decline in profitability despite a moderate improvement in asset quality, a latest regulatory assessment till end of September 2023 says and ...