Category: BUSINESS

Far East Knitting & Dyeing Industries Ltd reported a 3.7% increase in profit, reaching Tk 35.87 crore for the fiscal year ending June 30, 2024. […]

Bangladesh has imported another 231,000 chicken eggs from India through Benapole land port, bringing the total to 989,000 eggs in five shipments. This import is […]

Lovello Ice-cream PLC reported a 15% profit increase to Tk 12.18 crore for the year ending June 2024. The company declared a 20% dividend (10% […]

Estonia’s new non-resident ambassador to Bangladesh, Marje Luup, met with Foreign Affairs Adviser Md Touhid Hossain in Dhaka. Estonia expressed interest in collaborating with Bangladesh […]

Dhaka Electric Supply Company Ltd (Desco), a state-run electricity distributor, reported a loss of Tk 505.7 crore for the fiscal year ending June 30, 2024. […]

Russia’s agriculture ministry has set a minimum price of $250 per ton for wheat exports at international tenders, aiming to curb high-volume exports and combat […]

Boeing announced plans to cut 10% of its workforce, eliminating 17,000 jobs globally, as it faces a large Q3 loss. The decision comes amid a […]

China announced plans to issue special bonds and deploy $325 billion in funds over the next three months to boost its struggling economy. Measures include […]

Germany has downgraded its economic forecast for 2024, now predicting a 0.2% contraction instead of the previously expected 0.3% growth. This marks a second consecutive […]

The National Board of Revenue (NBR) has cut regulatory duty on sugar imports from 30% to 15%, aiming to reduce consumer prices. The reduction is […]

Standard Chartered Bangladesh has partnered with DBL Lifestyles, offering exclusive discounts to its select cardholders on premium lifestyle brands. The agreement provides 15% discount on […]

A recent survey by REC and KPMG shows Britain’s job market cooling, with starting pay growth hitting its lowest since February 2021. While permanent job […]

Oil prices dropped Monday after last week’s significant gains, with Brent crude falling 0.4% to $77.74 and WTI down 0.27% to $74.18 per barrel. Despite […]

A study by the Centre for Policy Dialogue (CPD) estimates recent floods in eastern Bangladesh caused $1.20 billion in damage, affecting 11 districts. The agriculture […]

China’s home sales increased during the National Day holiday following recent property stimulus measures. Over 50 cities introduced policies to boost the real estate market, […]

Sri Lanka’s new government has approved a $14.7 billion foreign debt restructuring deal negotiated by the previous administration. The agreement includes a 27% principal reduction […]

Samsung Electronics announced job cuts in its Southeast Asian, Australian, and New Zealand operations to improve efficiency. While the company didn’t specify a target number, […]

Oil prices rose on Monday due to escalating Middle East tensions, with Brent crude reaching $72.49 and WTI at $68.61 per barrel. The increase follows […]

China’s megacities Guangzhou, Shenzhen, and Shanghai have eased home buying restrictions to boost the struggling property market. Changes include removing buyer eligibility checks, lifting limits […]

China plans to issue special sovereign bonds worth 2 trillion yuan ($284.4 billion) as part of a new fiscal stimulus package. While this move, along […]

The European Union plans to vote on October 4 regarding potential tariffs of up to 45% on Chinese-made electric vehicles. This decision follows last-minute negotiations […]

Three online sellers on Walmart’s Flipkart have sued India’s antitrust watchdog over an investigation that found violations of competition laws. The sellers argue they were […]

Renata PLC reported a 14% revenue increase to Tk 3,771 crore and a 55% profit surge to Tk 362 crore in FY 2023-24. The company […]

Gold prices hit record highs in September, reaching $2,685.58 an ounce, up 30% from the year’s start. This surge is attributed to several factors: a […]

The US Federal Reserve’s preferred inflation measure, the PCE price index, decreased to 2.2% in August from 2.5% in July. This supports the Fed’s recent […]

The IMF has approved a $7 billion loan for Pakistan to strengthen its struggling economy. This three-year program, Pakistan’s 24th IMF bailout since 1958, requires […]

China’s central bank has adopted a more aggressive easing stance, but analysts say its measures don’t address the main issue: weak consumer demand. The bank’s […]

OPEC predicts oil demand will grow until 2050, reaching 120.1 million barrels per day, contradicting IEA forecasts of peak demand this decade. The cartel calls […]

Globe Pharmaceuticals Group alleges S Alam Group attempted a hostile takeover of their edible oil business, Globe Edible Oil Ltd (GEOL). The chairman claims he […]

According to a recent report, 102 Bangladeshis have 367 bank accounts in 13 countries, with the highest number in Canada, Australia, and Singapore. The Bangladesh […]

The US Commerce Department plans to propose banning Chinese software and hardware in connected and autonomous vehicles on American roads, citing national security concerns. The […]

The Ministry of Commerce in Bangladesh has approved the export of 3,000 tons of ilish (hilsa fish) to India for the upcoming Durga Puja festival […]

Gold prices surged above $2,600 per ounce for the first time, driven by expectations of further U.S. interest rate cuts and ongoing Middle East tensions. […]

Gold prices hit a new record high of $2,609.74 per ounce on Friday in Hong Kong. This surge comes two days after the Federal Reserve’s […]

Singapore’s Financial Intelligence Unit has requested details about S Alam Group and its owners from Bangladesh’s Financial Intelligence Unit. This follows revelations about the group’s […]

World Bank Vice President for South Asia Martin Raiser began a two-day visit to Dhaka today. He’s scheduled to meet with key officials of Bangladesh’s […]