Current News

The steel industry in Bangladesh is currently witnessing a steep drop in sales as the depreciation of taka against US dollar has hiked production costs at a time when consumers are unwilling to pay higher prices for the key construction material. Industry insiders say sales have fallen by an average …

Loan disbursement by non-bank financial institutions (NBFIs) surged 46 per cent year-on-year in the April-June quarter thanks to a recovery in demand after the reopening of the economy in the second half of last year. Financial institutions disbursed Tk 6,839 crore in the July-April period of 2022, up from Tk …

The National Board of Revenue (NBR) has relaxed the condition of showing tax return documents for bank loans up to Tk 20 lakh. It issued a notification in this regard on Sunday with immediate effect, which will remain in force June 30, 2023. The budget for the fiscal year 2022-23 …

Hong Kong-Sri Lanka-Switzerland-owned company Ms Gava Private Limited is going to establish a garments manufacturing industry in Dhaka EPZ. This fully foreign-owned company will invest US$ 25.62 million where 3086 Bangladeshi nationals will get employment opportunities, reports BSS citing a press release. The tri-nation company will produce annually 4.4 million …

Industrial black smokes – carbon and zinc-mixed air once known as environment pollutants as chimneys of steel and other metal-making factories had been emitting those regularly into the air only a decade ago, has now become forex earner. Sources said Bangladesh has been earning $10-11 million annually for the last …

The Bangladesh Textile Mills Association has requested the government to replace the existing 250-pound per square inch compressor of the Mymensingh power plant of Rural Power Company Limited with a 150-PSI compressor to reduce wastage of gas and increase supply of gas to Gazipur, Sreepur and Bhaluka industrial zones. The …

Despite continued growth and huge prospects of the livestock sector, financing by banks to boost investment in farming remains low. Dairy, poultry and other livestock farmers got 14 per cent of total Tk 26,500 crore loans disbursed by banks for the farm sector in the fiscal year 2020-21. The amount …

The government’s borrowing from the Bangladesh Bank increased to Tk 64,589 crore on September 8, 2022 compared with that of Tk 23,749 crore on the same day of the past year due to liquidity pressure in the banking sector. According to a Bangladesh Bank data, government’s borrowing from central bank …

Textile millers across the greater Gazipur, Sreepur and Bhaluka industrial belt yesterday urged the state minister for energy, power and mineral resources to put an end to their perennial gas crisis, which is currently preventing them from continuing smooth production. Textile millers and other factories along this industrial belt annually …

The domestic stock market has started the week on a rising trend as investors were steadily increasing their participation. The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 20 points, or 0.30 per cent, to reach 6,535 yesterday. The DS30, an index that consists of blue-chip stocks, …