Olympic Industries' profit subdued by higher expenses

Despite a significant year-on-year jump in revenue, Olympic Industries' profit grew less than 1 per cent to Tk 565 million in the first quarter of FY25 amid much higher operating expenses.The country's leading biscuit manufacturer's earnings per share (EPS) stood...

Meghna Petroleum makes record profit, fuelled by non-operating income

Meghna Petroleum secured a profit of Tk 5.42 billion in FY24, the highest since its 2007 listing and a 23 per cent increase year-on-year, as income from bank deposits escalated amid the rising interest rate.The state-run petroleum marketer's earnings per...

A growing competition among local competitors

The bakery market in Bangladesh has been experiencing a rapid transition over the years. Once, the industry used to be dominated by traditional sweet shops and family-run bakeries. Still, now it has evolved to meet the increasing demand for modern...

Utilise your winter in a productive way

Being unemployed might be one of the most challenging situations in life. It may be highly stressful to deal with unstable finances, a lack of routine, and the mental strain that job-seeking takes. Especially in this season, when a person...

Bridging MSME financing gaps with customised digital credit scoring

Micro, Small, and Medium Enterprises (MSMEs) are known as the lifeblood of the world economy. The presence of MSMEs in every economic channel develops forward and backward linkages for large businesses as well. According to World Bank data, SMEs contribute...

Resolve JnU students' accommodation crisis

The Jagannath University is a historic institution with around 19,000 students. Despite its popularity, the university lacks adequate residential facilities, offering only one dormitory for female students. While there is a designated hall for male students, it remains inaccessible due...

Prioritise strengthening banks' cyber security

Concerns are mounting over the ability of Bangladesh Bank and other financial institutions to counter escalating cyber risks. The World Bank and the International Monetary Fund have warned that the financial sectors of South Asian countries-including Bangladesh, India, China, Sri...

BEZA gets the priority right

It is good to see that the current government is sticking to its promise of moving away from multiple mega projects involving billions of dollars in foreign loans. The previous government had the grand plan of setting up nearly 100...

Hunger and methods of counting the hungry

Defining hunger by a single or a set of watertight parameters is a difficult task. This is precisely because hunger varies from place to place not because of the degree but the peculiarities that essentially characterise it. More complex is...

Prioritising Economic Zones

The immediate past regime planned to launch 100 Economic Zones (EZs) across the country mostly on personal, political and other considerations. To that end, the Bangladesh Economic Zone Authority (BEZA), an agency to operate under the Prime Minister's Office (PMO),...

CA opens 'Probashi Lounge' at HSIA

Chief Adviser (CA) Professor Muhammad Yunus inaugurated a 'Probashi Lounge' - dedicated for the country's migrant workers - at the Hazrat Shahjalal International Airport (HSIA) in the capital on Monday. "Our migrant workers are our nation builders. In the July-August...

NBFIs show signs of distress, only four keeping up growth

Only four non-bank financial institutions (NBFIs) out of 16 secured a higher profit year-on-year in January-September this year, driven by an increase in return from government securities. IDLC Finance, DBH Finance, United Finance, and LankaBangla Finance stand out in the...

Exploiting the potential of AI integration into Bangladesh university curriculums

AI has become the number one cause of change in industries all over the world, be it in health, manufacturing, agriculture, or even financial services. Its transformative potential is huge, especially in education, as it empowers personalised learning, data-based insights,...

Weather (2024-11-12)

Rain/thunder showers is likely to occur at one or two places over Khulna, Barishal and Chattogram divisions in the next 24 hours from 06:00 am today (Tuesday), according to the Met Office. The highest temperature in the country on Monday...

News in Brief -2024-11-12

Go tough against terrorism, extortion: PHQThe Police Headquarters (PHQ) has asked the police personnel at the field levels to go tough against any sort of terrorism, extortion and mugging. "Take tougher legal action against terrorism, extortion and snatching," Md Akram...

Five die, 1,194 hospitalised with dengue

Five more people have died of dengue infection while 1,194 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh in the past 24 hours, reports bdnews24.com.With the new counts, the number of people in hospitals with the...

Sheikh Mujib's photo removed from Bangabhaban's Darbar Hall

Sheikh Mujibur Rahman's photo has been removed from Bangabhaban's Darbar Hall, reports UNB."The photo of Sheikh Mujibur Rahman-post '71 fascist-has been removed from Darbar Hall. It is a shame for us that we couldn't remove his pictures from Bangabhaban after...

JnU students stage demo outside Secretariat

The Jagannath University (JnU) student representatives will hold a meeting with the Ministry of Education high-ups today (Tuesday) to discuss their five-point demand, for which they staged a demonstration outside the Bangladesh Secretariat in the capital on Monday.Hundreds of students...

Finance Adviser Dr Salehuddin Ahmed speaking at the '3rd Bangladesh Economic Conference'

Finance Adviser Dr Salehuddin Ahmed speaking at the '3rd Bangladesh Economic Conference', organised by the Banik Barta at Pan Pacific Sonargaon Hotel in the capital on Monday. — FE Photo

Govt includes 1,000 threatened species in 'Red List of Plants'

The government on Monday included 1,000 plants in its 'Red List of Plants', which have been categorised as threatened in a varying degree.As many as 271 species are minimally threatened, 256 species lack sufficient data, and 395 species are vulnerable,...

Ex-MP Fazle Karim on three-day remand

CHATTOGRAM, Nov 11 (BSS): A Dhaka court has placed former Awami League (AL) lawmaker from Raozan ABM Fazle Karim Chowdhury on a three-day remand in connection with a firearms case filed with Raozan police station.Chief Judicial Magistrate Kazi Shahidul Islam...

Five including Menon, Shahjahan shown arrested in new case

A Dhaka court has showed five people, including former Shipping Minister Shahjahan Khan and Workers Party of Bangladesh President Rashed Khan Menon, arrested in four separate murder cases, reports BSS. The others are former Inspector General of Police Chowdhury Abdullah...

Travel bans on ex-MP Bahar, family members

A Dhaka court has issued travel bans on four people, including former member of parliament (MP) for Comilla-6 AKM Bahauddin Bahar, in connection with corruption charges surfaced against them.The others are his wife Mehrunnesa, their daughter mayor of Comilla City...

'Hall of Fame' as the 7th Army Chief

Army Chief General Waker-Uz-Zaman posed for photograph, as he was inducted into the 'Hall of Fame' as the 7th Army Chief in a ceremony at the Bangladesh Military Academy (BMA) in Chattogram on Monday. — ISPR

Hafiz for holding polls in shortest possible time

Bangladesh Nationalist Party (BNP) standing committee member Maj (retd) Hafiz Uddin Ahmed has called upon the interim government to arrange the next general election within the shortest possible time."The key task of this government is to hold a general election...

Protest at DU for making advisers sans consulting students

The Anti-discrimination Student Movement and also students of Dhaka University held a protest rally against the appointment of advisers without the involvement of the student community.They accused the authorities concerned of dishonouring the self-sacrifice of hundreds of martyrs by inducting...

Apparel workers resume blockade after brief pause

Workers of TNZ Group resumed their blockade of the Dhaka-Mymensingh Highway on Monday afternoon just an hour after briefly lifting it. The protest, which began on Saturday morning, continued over unpaid wages till filing of the report at 7:00 pm.The...

BB eases import of 11 essentials for Ramadan

Bangladesh Bank (BB) has allowed delayed payment of bills for importing 11 essential food items ahead of the holy month of Ramadan, reports UNB.The products are - rice, wheat, onion, pulses, edible oil, sugar, eggs, chickpeas, peas, spices and dates.On...

700-acre forest land in Cox's Bazar cancelled

Moved by Environment Adviser Syeda Rizwana Hasan, the government has cancelled the allotment of 700 acres of land in Cox's Bazar aimed to establish a public administration academy. This land includes 400 acres of hilly terrain and is part of...

Interim govt takes onus given by students, masses: Dr Salehuddin

Finance Adviser Dr Salehuddin Ahmed said on Monday that the government has not assumed power, rather has taken responsibilities entrusted to them by the students and people of the country."We're trying to perform our duties following this assumption of responsibility,"...