Day: November 18, 2024
Business Report : Renowned motorcycle brand Yamaha has successfully completed its 8 years in Bangladesh through its partnership with ACI...
Staff Reporter : Bangladesh Small and Cottage Industries Corporation (BSCIC) chairman Ashraf Uddin Ahmed Khan said that the transformative initiative...
Business Report : Bashundhara Paper Mills, a concern of the Bangladeshi conglomerate Bashundhara Group, which manufactures paper and diversified tissue products, reported a loss of Tk31 crore in the July-September quarter of the current fiscal year.According to the company’s price-sensitive statement, its loss per share stood at Tk1.80 during the quarter.The company’s revenue dropped by 21.59per cent to Tk267 crore in the first quarter of FY25 compared to the same period last year. Increased finance costs due to higher interest...
Business Report : The National Board of Revenue (NBR) has completedthe operations for installing a mobile container scanner at Benapole Port in a bid to infuse dynamism in import and export operations.The NBR hoped this move will help to infuse dynamism in the import and export operations at the Benapole Land Port while the esteemed businessmen would be able to complete their import and export operations at the fastest possible time, said an NBR press release on Sunday.Efforts are on...
Business Report :Hossain Mehmood, the Vice Chairman of Anwar Group and Managing Director, Hossain Dyeing & Printing Mills Limited has...
Business Report : Country’s both the bourses– Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – on Sunday plunged as profit booking sell pressure remained prevalent across the trading floor, while cautious investors also reshuffled their portfolios in response to ongoing corporate earnings declarations for the recently ended quarter.DSEX, the broad index of the Dhaka Stock Exchange, fell by 27.0 points or 0.5 percent and settled at 5,328 points as against 5,355 points in the previous trading session. Two...
Business Report : Titas Gas Transmission and Distribution PLC, a publicly traded state-owned company, reported losses in the July-September quarter, attributing the setback to rising system losses and the recognition of tax at source as minimum tax.As per the company’s unaudited financial statement for the first quarter of this fiscal year, Titas Gas reported a loss of Tk188.63 crore, a sharp contrast to the Tk7 crore profits recorded in the same quarter last year.At the end of the first quarter,...
Business Report : Abdul Awal Mintoo, former president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), on...
Business Report : The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has financed US$ 65 million to Viyellatex Group as sustainability loan.The loan has given to the vertically integrated readymade garment (RMG) manufacturer and exporter to support their sustainability priorities following global Loan Market Association principles, said a press release on Sunday.It added, the Group exports RMG to global apparel retailers and has a sustainable strateg....
Business Desk : ITMA ASIA + CITME, Singapore 2025 has attracted strong response from technology providers keen to support the modernization efforts of textile and garment manufacturers from the growing textile hubs in South and Southeast Asia.Billed as The Leading Textile Technology Exhibition Driving Regional Growth, the exhibition will be held at the Singapore Expo from 28 to 31 October 2025. By the application deadline of 12 November, 98 percent of the gross exhibition space of 60,000 square meters reserved...