Day: November 12, 2024
Business Report : Crown Cement PLC’s profit slumped in the first quarter ending September 30 of its current financial year, owing to decline in production and sales for political unrest and recurrent floods. The cement producer said its earnings dipped 89 percent year-on-year to Tk 3.77 crore in July-September quarter from a year ago. Earnings Per Share (EPS) of Crown Cement fell to Tk 0.25 in July-September period from Tk 2.32 a year ago, according to its unaudited financial statements...
Business Report : Bangladesh Garment Manufacturers and Exporters Association (BGMEA) University of Fashion & Technology (BUFT) held its annual ‘Fashion Spotlight’ exhibition, featuring the creative work of its talented students on November 10. This year’s event showcased the Summer Collection 2025, designed by students from the Department of Fashion Studies, particularly those under the guidance of Assistant Professor Nadia Tasnim Piya. The exhibition was more than just a fashion display; it was a platform for students to address pressing social...
Business Report : The country’s merchandise exports grew by 21 percent year-on-year to $4.13 billion in October, mainly riding on...
Business Report : The Dhaka Stock Exchange (DSE) experienced a notable boost in trading activity on Monday, with the main...
Business Report : Lending by banks should expand in remote areas to reduce financial inequality across Bangladesh, said Bangladesh Bank (BB) Governor Ahsan H Mansur on Monday. “Similar to past political centralisation, we’ve also seen a concentration in the financial sector,” Mansur said at the “3rd Bangladesh Economic Summit 2024: Inequality, Financial Crimes, and Healing Bangladesh’s Economy,” held at Pan Pacific Sonargaon Dhaka. He said that some 59 percent of bank loans are disbursed in Dhaka and 17 percent in...
Business Report : The Bangladesh Bank (BB) took three major decisions yesterday, including the appointment of a custodian, officially termed as a receiver, at troubled Beximco Group in order to prevent its fall and protect the interests of investors, employees and lenders. Additionally, the central bank decided in principle to hire a consulting firm to recover money laundered abroad, particularly from destinations such as the UK, the US, Singapore and the UAE. It also provided clearance for a forensic audit...
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