Economy

Economy

Lovello directors to buy shares worth Tk 1.63cr

Two directors of Taufika Foods and Lovello Ice-cream have announced plans to purchase shares worth around Tk 1.63 crore from the public market through the Dhaka Stock Exchange (DSE) by April 30 this year.

10h ago

NBR targets 10.5% tax-GDP ratio by FY35 amid IMF push

The National Board of Revenue (NBR) has set a target to raise Bangladesh’s tax-to-GDP ratio to 10.5 percent by the fiscal year 2034-35, as part of its newly formulated 10-year revenue strategy, according to official documents.

12h ago

Banks face higher risks without swift climate action: BB

Banks could face financial risks unless immediate climate action is taken, said the Bangladesh Bank (BB) in its first climate stress testing report published yesterday.

12h ago

Walton plans Tk 114cr lithium battery factory

Walton Hi-Tech Industries PLC, a leading electrical and electronic appliance manufacturer, has announced plans to establish a facility to manufacture lithium-ion cells at a cost of nearly Tk 114 crore.

12h ago

BTRC to ask Banglalink to pay at least Tk 70cr in tower sale fees

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to issue a final directive to Banglalink Digital Communications Ltd, asking the mobile operator to deposit 5.5 percent of the total value of its tower sales, along with all applicable VAT and late fees, to Summit Towers Limited within ten working days.

12h ago

Small machinery tailored for farmers can boost output: experts

Small agricultural machines tailored for Bangladesh’s smallholder farmers could drive a new wave of cost-efficient productivity and rural prosperity, experts said at a seminar yesterday.

12h ago

BB urges Fitch to reconsider outlook on Bangladesh

Bangladesh Bank (BB) yesterday urged global credit rating agency Fitch to reconsider its outlook on Bangladesh, reasoning that the country’s economy, especially the external sector, was recovering.

12h ago

Small machinery tailored for farmers can boost output: experts

Small agricultural machines tailored for Bangladesh’s smallholder farmers could drive a new wave of cost-efficient productivity and rural prosperity, experts said at a seminar yesterday.

12h ago

FDI scenario in Bangladesh

Bangladesh has struggled for decades to attract foreign direct investment (FDI). Occasionally, promising prospects emerged, only to fade away for various reasons. For a country with no significant mineral resources and a large population of unskilled and semi-skilled workers facing high unemployment, FDI is vital.

12h ago

Beximco Pharma seeks more time to publish Q3 financials

Beximco Pharmaceuticals Ltd informed the London Stock Exchange yesterday that it has requested the Bangladesh Securities and Exchange Commission (BSEC) for more time to submit and publish its financial statements for the period from July 2024 to March 2025.

12h ago

Bangladesh, Pakistan RMG exporters keen to boost trade

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) yesterday signed a memorandum of understanding (MoU) to strengthen bilateral trade between the two countries.

12h ago

No margin loan for power sector

The taskforce for capital market reforms has suggested excluding power plants from the list of marginable securities as their nature of having fixed tenures makes them more aligned with bonds..The taskforce submitted its final proposals to the Bangladesh Securities and Exchange Commission

15h ago

Beximco Pharma seeks more time to publish Q3 financials

The company made the request as the BSEC’s proposed appointment of nine additional independent non-executive directors to its board remains pending before the High Court of Bangladesh

15h ago

Narrowing gender gap an economic necessity, speakers say

Narrowing the gender gap is not only a social imperative but also an economic necessity, as changing mindsets and increasing women's participation could boost the country’s GDP, speakers said at a seminar yesterday..“Women’s empowerment remains central to building a prosperous future,” sai

16h ago

Jamuna Oil’s profit jumps 56% in Q3

The company’s earnings per share (EPS) stood at Tk 12.73 for January-March 2025

20h ago

Stocks fall after brief recovery

The DSEX dropped 42.67 points to close at 4,952.79.

20h ago

ADB to support global competitiveness of Bangladeshi contractors 

ADB reaffirmed its commitment to promoting the growth of local industries, the multilateral lender said in a statement today.  

22h ago

Stocks fall in morning trade

The DSEX lost 11.32 points to stand at 4,984.13 as of 11:12 am.

1d ago