Corporate
Corporate
2022 was tainted year for insurance sector
Mahfuz Emran: Several directors are serving jail time for embezzling the money of insurance customers. The chairman of Insurance Development and Regulatory Authority (IDRA), the regulatory body of the insurance sector, has been involved in various controversies. In the end, he had to resign due to corruption allegations. In the…
Read More »Karnaphuli Paper Mill completely closed
No buyer for 3,000 tons of paper — Mill closed for lack of pulp— Salaries going on with loans— Initiatives to set up new plant Mahfuja Mukul: Karnaphuli Paper Mill (KPM) is a nearly 70-year-old traditional paper manufacturing plant. This once popular factory is now completely closed due to lack…
Read More »Biman facing passenger crisis on int’l trips
Staff Correspondent: As many as 3,41,482 (23%) out of 1,477,456 seats on Biman flights operating on different international routes were vacant in the last six months, according to a recent report.Biman Bangladesh Airlines submitted the report to the Parliamentary Standing Committee on the Ministry of Civil Aviation and Tourism on…
Read More »Ceramic exports grow
Aims to take place in top 3 exporting sectors Golam Mostafa Jibon: Various ceramic products made in Bangladesh have taken a big space in the world market after fulfilling the domestic demand that showing a way to new horizon in the sector.The possibility of export and investment of ceramic products…
Read More »Fund collection thru’ IPO drastically declined in 2022
Lack of confidence on capital market Mahfuja Mukul: The entrepreneurs of the country also have not confidence on the securities market as the buyers of share have been declined due to the sluggish capital market in the recent months. Only six companies have collected fund from the capital market in…
Read More »Bangladesh slips 17 notches on economic freedom index
Where is economic freedom? Special Correspondent: Bangladesh after 52 years of independence, has experienced an economic deadlock due to the covid-19 impact, Russia-Ukraine war and some internal budgetary mismatch. The high ambitious budget and frequent borrowing from the banking net have kept the country into crisis.A five-year trend of slowly…
Read More »RMG exports to non-traditional markets witnessed 24.17pc growth
Industry Desk: In July-October FY 2022-23 period, Bangladesh RMG export to non-traditional markets witnessed 24.17% growth. The EPB data also showed that all the major apparel export destinations have witnessed significant growth. The exception is the Middle Eastern market. Currently, Bangladeshi garment exports to the UAE and Saudi Arabia are…
Read More »Government works to strengthen economy
Rajshahi Bureau: Speakers at a discussion in Rajshahiyesterday unanimously viewed the present government under the dynamic and farsighted leadership of Prime Minister Sheikh Hasina has been working relentlessly to found the country’s economy on a strong foundation.They urged all concerned to discharge their duties with utmost sincerity, honesty and patriotic…
Read More »12kg LPG cylinder to cost Tk 46 more
Industry Desk: Price of liquified petroleum gas (LPG) has increased by Tk 3.84 per kg to Tk 108.09, from previous price of Tk 104.26 per kg, as Bangladesh Energy Regulatory Commission (BERC) yesterday announced the latest price of gas for the month of December.As per the new price, a retail…
Read More »SME Fair gets momentum with fashionable products
Sharif Ahmed with Ashfaque Choudhury: The three-day long 10th National SME Fair-2022, the country’s largest small and medium enterprise (SME) fair, has attracted huge visitors and potential customers, which gave the fair a new height. Thousands of visitors have visited the fair with enthusiasms. The exhibitors offered attractive discounts in…
Read More »
Hotels to be converted for Covid hospitals
Hospitals overwhelmed Staff Correspondent: The government is going to rent hotels for providing treatment …
