After Padma Bank, ICB Islamic Bank appears to be the next in line to be absorbed by a stronger bank under the central bank’s roadmap to clean up the banking sector and bring in corporate governance.
Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.
Customers spent Tk 2,678 crore in Jan this year, up from Tk 2,674 crore in Dec 2023
There are over 4,000 orchards dotting the district
Bangalees are well known for their unparalleled gift of gab. Our love for chatting is unique and deeply rooted in our culture. Whether it is at the corner shop or continuing in marathon phone calls that defy the laws of time and data plans, we Bangalees are the true pioneers of telephonic verbos
The central bank said in quarterly review on money and exchange rate
Eastern Bank will organise its 32nd annual general meeting virtually from 11am tomorrow.
It hit $19.45 billion on March 27, down from $19.98 billion on March 20
The key index of the Dhaka Stock Exchange (DSE) bounced back today a day after it suffered a major decline.
Around 1,000 workers of Gulshan Spinning Mill in gazipur's Sreepur upazila blocked Dhaka-Mymensingh highway for over two and a half hours demanding an increase in salary
Navana Pharmaceuticals has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a partial convertible bond worth Tk 150 crore
Bangladesh’s stock market has been going through a bear run for the last two months despite petering out of election-linked uncertainty, signaling that the worries about the macroeconomic challenges are far from over.
The government can generate additional revenue of Tk 30,000 crore in the next fiscal year of 2024-25 if it reduces existing tax exemptions for various sectors, according to a noted economist.
The government has extended its contracts with Summit Group’s three gas-based power plants for the purchase of electricity in the next five years.
Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.
It becomes the first plant in Araihazar economic zone
The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina
H&M said Wednesday its net profit more than doubled in the first quarter as the world's second biggest fashion retailer worked to control costs
Toyota's US sales for February surged 16% and in Europe gained 14%, Japan sales tumbled by a third
With vessel traffic at the Port of Baltimore suspended until further notice since Tuesday's accident, experts warn of knock-on effects but say these should be manageable in the near term
BYD recorded a net profit of 30 billion yuan ($4.16 billion) last year, up 80.7 percent year-on-year from 16.6 billion yuan in 2022
The US Inflation Reduction Act (IRA) "formulates discriminatory subsidy policies for new energy vehicles," said China's Ministry of Commerce
Visa and Mastercard reached an estimated $30 billion settlement to limit credit and debit card fees for merchants
A provision in the Income Tax Act 2023 created the discrimination
The move is likely to be fine-tuned to when the first major ones are launched
Rezwanul Huque Khan, a professor at the Institute of Business Administration of the University of Dhaka, has recently been appointed by the Bangladesh Securities and Exchange Commission as an independent director of the Chittagong Stock Exchange (CSE) for a three-year term.
National Finance recently signed a memorandum of understanding (MoU) with Nagad, enabling customers to use the latter’s payment service through the Nagad app.
Integrating digital payments in the microfinance sector can save work hours, enhance productivity, and simplify instalment and deposit collection, experts said at a seminar.
ACI Motors recently launched a campaign, styled “Lovol Harvester Free Service Campaign”, for the ongoing wheat harvesting season in Thakurgaon.
Bangladesh Bank has issued a detailed guideline today, including default loan recovery targets, alongside criteria over the appointment, reappointment and responsibilities of managing directors and chief executive officers (CEOs) of non-bank financial institutions (NBFIs).
Goh Peng Ooi, the founder and chairman of the Malaysia-based Silverlake Group, has expressed his keen interest to partner with Nagad, one of the country’s top mobile financial services (MFS) provider.
Fair Electronics has announced a collaboration with global brand Hisense to assemble air conditioners (ACs) and televisions (TVs) in Bangladesh.
Boeing Co BA.NCEO Dave Calhoun will step down by year-end, in a broad management shakeup brought on by the planemaker's sprawling safety crisis stemming from a January mid-air panel blowout on a 737 MAX plane
The price of potatoes has begun an upward climb in the market
Based on the compilation of media reports on bank scams between 2008 and 2023, CPD said as much as 92 thousand crores of taka have been siphoned out of the banking sector in the last fifteen years
How can Bangladesh avoid the economic crisis to deepen further?
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Why is Bangladesh facing economic problems? Why did the country fail to follow the IMF's loan conditions? What are the remedies?
Sonali Bank has arranged a meeting on enhancing facilities of Resident Foreign Currency Deposit (RFCD) accounts and offshore banking policy.
The mobile financial service (MFS) has enhanced our access to goods and services, diversified payment methods, and expanded commercial opportunities, but the sector still faces challenges.
National Bank recently opened a relocated branch at Jahangir Tower in Maijdee Court in Noakhali.
Shahjalal Islami Bank recently signed a participation agreement with Bangladesh Bank to provide credit guarantee facilities for green products or projects or initiatives under a refinancing scheme of the central bank.
Mutual Trust Bank recently signed an agreement with the Bangladesh Bank on credit guarantee facilities for different sectors under the central bank’s refinance schemes.
Social Islami Bank, in association with Western Union, has launched a special “Remittance Campaign” to encourage remittance inflow through banking channels.
The DSEX lost 66.73 points to close at 5,834
Summit Power Ltd (SPL) recorded a profit of Tk 87.56 crore, up 8 percent year-on-year, in the October-December quarter of the fiscal year
Chinese policymakers have so far resisted calls to juice the economy through massive government stimulus, instead stressing the need to pivot towards "high-quality" growth
Here, the steady growth of Bangladesh’s economy -- around 6 percent annually -- for the last two decades, and subsequent increases in overall buying capacity, played a big role. Another factor is the increasing domestic assembly of these items by local companies.