Business-Economy

Over 500 industrial units on the brink of collapse

Staff Correspondent: Over 500 industrial factories in Bangladesh have either shut down or become defunct over the past year due to indecision from Bangladesh Bank and sluggish loan rescheduling processes.

Biman reports record Tk 9.37b profit in 2024-25 fiscal year

Staff Correspondent: State-owned Biman Bangladesh Airlines has reported an unaudited profit of Tk 9.37 billion for the 2024-25 fiscal year. The national carrier has described the figure as a milestone

Deposit growth still below 8pc in June as inflation, job scarcity hit savers

Staff Correspondent: The country’s banking sector recorded deposit growth of less than 8% in June, despite an increase in remittance inflows, as inflationary pressures, sluggish private investment, and weak job

Ten non-banks lose Tk 1,079cr in H1

Staff Correspondent: Ten listed non-bank financial institutions (NBFIs) sank into a combined loss of Tk 1,079 crore in the first half of this year, an increase of 17 percent from

Price of green chilli exceeds Tk 300 per kg

Staff Correspondent: The price of green chilli has spiked as continuous rainfall has disrupted supply. Within a few weeks, the retail price has nearly doubled. Green chili was being sold

Banks must become tech firms or perish next decade

TDS Desk: Traditional banks that cling to branches, paperwork and plastic cards face existential threat in the next decade. Within the next 10 years, digital transformation will no longer be