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 of building materials amid runaway inflation. The lone listed realtor's apartment sales plunged almost 87 per cent year-on-year to n
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 8.44 per cent year-on-year growth in revenue to Tk 17.22 billion in the quarter. Muhammad Zahangir Alam, chief financial
After hectic negotiations, Bangladesh is finally poised to sign its first loan agreement with the New Development Bank (NDB) -- the lending arm of the BRICS group -- for two projects this year. The projects are the Dhaka Water Supply Project -- for which the NDB will provide $320 million, and the
Bangladesh has huge potential to double its man-made fibre (MMF) or non-cotton garment shipment within years through providing required policy support and addressing bottlenecks, industry people said. A recent study styled 'Upscaling the RMG Sector' by the Research and Policy Integration for
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 mentions some risk factors. According to the financial stability report released by the Bangladesh Bank (BB Monday, total assets of the
The visiting representatives from the International Monetary Fund (IMF) have enquired about the monetary move taken by the Bangladesh Bank (BB) to control inflation and stabilise liquidity situation in banks, sources at the central bank said. They also wanted to know the possible steps taken aga
A double jeopardy of the highest temperature and a record power load-shedding made life a misery and slowed economic activity as the mercury heated up to 43 degrees Celsius in Bangladesh on Monday. As the government opened schools and colleges after a short closure, with hope against hope of
Latest price spirals of lifesaving medicines invoke a High Court direction for government agencies to take effective measures to prevent "arbitrary and illegal" pricing of drugs by pharmaceutical companies. Monday's multiple court orders are directed towards the Health Secretary and the Dire
Over 400 out-of-work women garment workers have received training in recent two events in a bid to establish business relations with different public and private sector actors, potential input and output market actors through backward and forward linkages. In partnership with the Women Entrepreneu
Mr Chris Grune from Cactus Materials, USA, a developer of cutting-edge proprietary nanotechnology-based solutions for long-lasting antimicrobial and antifouling properties for clean water, recently had a meeting with Mr Shaikh Yusuf Harun, executive chairman of BEZA. During the meeting, Cactus Mat
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) recently hosted a Continuing Professional Development (CPD) programme titled “Transfer Pricing and Its Practical Implication”. The event took place in the ICMAB Ruhul Quddus Auditorium on Sunday, according to a pres
Dhaka South City Corporation has fired a driver and two cleaners for negligence after the death of a schoolboy who was run over by a garbage truck in Mugda. The driver, Md Kamal, employed another person named Md Rubel to drive the truck that ran over and killed Mahin Ahmed, a seventh gra
