Business-Economy

Revenue collection falls 6% in first half of FY25

TDS Desk: The government’s revenue collection fell 6% in the first half of fiscal year 2024-25 (FY25) from the same period the previous year, making it nearly impossible to meet

World Bank to provide $30m more for Bangladesh’s power transmission network

TDS Desk: The government of Bangladesh and the World Bank have signed an agreement as additional financing on the Enhancement and Strengthening of Power Transmission Network in Eastern Region Project

Keya Cosmetics announces permanent closure of factory operations

TDS Desk: In a media release issued Thursday (23 January), the company cited market instability, discrepancies in accounts with its bank, shortages of raw materials and declining production activities as

Foreign investors pull out stock investments after brief uptick post-Hasina

TDS Desk: Initially, foreign investors showed optimism about potential reforms under the interim government, leading to increased activity. According to Dhaka Stock Exchange (DSE) data, trading by foreign investors surged

Open Beximco garments factories immediately: Workers, employees and officials demand

TDS Desk: The agitation stems from December 2024, when the government decided to close 16 factories under the Beximco Industrial Park due to a lack of orders and significant defaulted

Political crisis hits South Korea growth: Central bank

TDS Desk: South Korea’s economic growth slowed in the last quarter of 2024, data from the central bank showed Thursday, as the country struggled with the fallout from impeached President