JMI Syringes & Medical Devices' net profit plunged by 54 per cent year on year to Tk 15.12 million in nine months through March this year owing to strong dollar and higher import costs. The supplier of medical equipment, especially syringes, to the government, had made a Tk 32.53 million pro
Stocks continued on their downward trajectory this week, with the benchmark equity index plunging below 5,600 mark for the first time in three years despite regulatory efforts to stem the market decline. Panicked by the macroeconomic uncertainty and geopolitical crisis, investors started dum
Bangladesh fell back six slots in its ranking in terms of mobile internet speed performance on the global stage, despite the operators making progress in their performance individually, according to the Ookla's Speedtest Global Index for March. The country now stood at the 112th position o
Funding several fresh projects, especially for southern belt's uplift, comprehensive development cooperation and financing in the Chinese currency may feature bilateral talks during Prime Minister Sheikh Hasina's upcoming China tour. The high-profile visit, likely in July, is being seen crucial
Shahidul Molla's arrival at Farmgate on Friday afternoon painted a picture of complete exhaustion. The 50-year-old rickshaw-puller resembled a rag soaked in sweat. His calloused hands -- gripping the rickshaw handles -- shone with a gloss that spoke of his 30-minute battle against the relentless su
A Bangladesh-China joint venture that implemented the 1,320-megwatt thermal power-plant project in Patuakhali continues entreaty for finance ministry's intervention to get US dollars for timely loan repayment to a Chinese bank. Sources say a severe dollar dearth in Bangladesh has caused serious di
Gross foreign-exchange holding by commercial banks keeps falling as factors like currency swap and widening deficit in trade credits principally weigh down, competent sources say. On the other hand, officials and bankers have said, the import orders amid belt-tightening steps taken by Bang
Notwithstanding their lands being the biggest source of migrant workers, South Asian labourers are the worst victims of maltreatment and abuse in their host countries. Poorly regulated working condition and sponsorship systems in some countries are often the root causes of the workers' rights abuse
What should have been a time for rejoicing over the primary export sector of Bangladesh, is turning out to be a bitter pill. The readymade garments (RMG) sector has seen its share of its products in the two main markets- the United States (US) and the European Union (EU) fall in both value and volu
A pilgrim in Dhaka received a phone call a couple of months later following his return from Hajj. The caller, introducing himself as a staff of the religious ministry, provided the pilgrim information regarding the already refunded Hajj money. Under the government arrangement, all pilgrims under th
The Police Headquarters has issued a set of instructions to strengthen security at all police stations and establishments across the country, including Dhaka city. It also asked for stronger security for arms and ammunition. Under the instructions, each police station is required to establish at
Iran’s role in Gaza, particularly in radicalising the young generation against Israeli occupation, is known to all. Its opposition to the Zionist regime’s plan to stretch the state of Israel ‘from the river to the sea’ has kept the flame of freedom burning in the heart
