Bangladesh's economy showed stronger growth in May as the Purchasing Managers' Index (PMI) rose by 6 points from that of April to 58.9, rebounding from a three-month slowdown since February, according to the latest PMI report.
Bad loans in Bangladesh’s banking sector hit a record Tk 420,335 crore at the end of March as a clearer picture of the toxic loan is coming to light following the political changeover in August last year.
The government proposes sharply increased commercial vehicle tax; operators warn of rising prices.
The depositors of the International Leasing and Financial Services Limited (ILFSL) have urged the Bangladesh Bank to intervene so they can recover their money.
The Bangladesh Bank (BB) will soon start the process to merge five Islamic banks into a single large bank, said Bangladesh Bank Governor Ahsan H Mansur yesterday.
The government plans to amend the existing sovereign guarantee guidelines to streamline the process and mitigate fiscal risks if public entities fail to make repayments on time, according to a finance ministry report.
The yards at the Chattogram port, which are designated for storing containers loaded with imports, exceeded their capacity yesterday as daily handovers to consignees did not gain pace during the Eid-ul-Azha holiday over the past week.
The Bangladesh stock market index started the week with a massive fall today as investors went for a selling spree.
Four local companies bagged awards in as many categories at the Asia Pacific ICT Alliance (APICTA) Awards 2020-21, Bangladesh Association of Software and Information Services (BASIS) said yesterday.
For the past two weeks, the movement of major indices in Bangladesh’s stock market has been influenced by speculations over possible meetings between the regulators and subsequent policy changes, according to experts.
Eminent economist Debapriya Bhattacharya has been reappointed as a member of the Committee for Development Policy (CDP), a subsidiary body of the United Nations Economic and Social Council (ECOSOC).
Three government entities have failed to carry out a study to find out the amount of illicit financial flow from Bangladesh, where they were siphoned and how as part of the country’s efforts to contain cross-border money laundering.
Domestic cotton consumption is set to increase in the current marketing year (MY) as many international retailers and brands are shifting their work orders to Bangladesh, according to the United States Department of Agriculture (USDA).
Just after completing his diploma in electronics from Magura Polytechnic Institute in 2019, Abdullah Al Noman got a job offer from Anira International Ltd, a local handset manufacturer. And he now works as a mobile assembly engineer for the company at its plant in Narayanganj’s Sonargaon.
Md Matiul Islam, a veteran chartered accountant and a former distinguished civil servant, has been awarded with a lifetime achievement award by the Institute of Chartered Accountants of Bangladesh (ICAB).
A Japanese former politician who campaigned to bring billions of dollars of investment from some of Japans top companies to Myanmar has urged Japan to endorse its military regime, saying the nation’s coup leader has “grown fantastically as a human being,” while praising his “democratisation efforts.”
Establishing a pro-taxpayer environment in an emerging economy like Bangladesh where the tax-GDP ratio is hovering around 10-11 per cent requires a very close review of existing rules and regulations one by one, if not word by word in fitting with present day demand of social norms and business practices.
