Finance Minister AHM Mustafa Kamal today said many businesses would have abolished during the pandemic had the government not set the 9 per cent interest cap on lending.

The International Finance Corporation (IFC) has planned to invest $5 billion in diversified sectors in Bangladesh such as light engineering, economic zones, financial and capital markets, and growth-enabling sustainable infrastructure in the next five years.

Russia’s unprovoked invasion of Ukraine has aggravated the high food price situation across the globe, according to Megan M Francic, the agricultural attaché of the US embassy in Dhaka.

Foreign assistance disbursement jumped 58 per cent in the July-February period of the current fiscal year thanks to fast implementation of mega projects and increased flow of funds from international financial agencies to help Bangladesh tackle the pandemic.

Banglalink, the country’s third largest mobile operator, is aiming to enter the stock market in three years, according to its parent company’s top officials who met the chief of the Bangladesh Securities and Exchange Commission (BSEC) on Monday.

Grameenphone aims to realise the full potential of the fourth-generation (4G) technology as the super-fast mobile telephony can support customers in their digitalisation journey, said Jorgen C Arentz Rostrup, chairman of the largest mobile phone operator in Bangladesh.

The country’s four mobile operators, including state-owned Teletalk, are participating in a spectrum auction scheduled to be held on March 31, having already submitted earnest money with Bangladesh Telecommunication Regulatory Commission (BTRC).

Turnover of the engineering sector in Bangladesh grew at the fastest pace from 2015 to 2020 among all the sectors, reflecting the largely agrarian economy’s transformation towards manufacturing.

Inflation in Bangladesh is at a better level than that in nearby countries like India, Pakistan and Sri Lanka alongside Southeast Asian countries, said Finance Minister AHM Mustafa Kamal yesterday.

The price of steel in Bangladesh has jumped 3.34 per cent within a span of just one week, with manufacturers citing it as a ripple effect of rising global demand for scrap and a recent hike of local fuel prices.

Cotton prices surged to more than a decade high in global market in the wake of the Russia-Ukraine war, abnormal hike in freight charge and drought in the US,

Brac Bank recently signed a partnership agreement with Singapore-based multinational bank DBS such that Bangladeshi migrants in Singapore could easily transfer their hard-earned income to their families with minimal expenses.

Islami Bangladesh Bank Ltd (IBBL) and mobile financial service provider bKash signed a partnership agreement to jointly inaugurate the Instant Add Money (IAM) service for customers.

City Bank has won a “Best Issuing Bank in South Asia” award from International Finance Corporation (IFC), a member of World Bank Group.

The Bangladesh Securities and Exchange Commission (BSEC) has requested several banks to inject fresh funds in the stocks for the sake of stock market development.

Bangladesh stock market dropped today after a rise in the last two days.

Bangladesh Securities and Exchange Commission (BSEC) has imposed several restrictions on errant stock brokers who keep deficit in their investors' consulated customer account.

The National Board of Revenue (NBR) has exempted elevator assemblers from paying value-added tax (VAT) for three more years until June 30, 2025, to encourage the growth of domestic manufacturing capacities.

The domestic stock market bounced back from two days of decline yesterday as investors assumed a buying spree.

The ever popular peanut has maintained a steady uptick in consumption for many years now, turning it into a major cash crop for local growers, especially those in char areas along Jamuna River in Tangail.