Doreen Power, a listed power producer, announced today that its subsidiary Chandpur Power Generation has completed 100 hours reliability test run.

The stock market index dropped today after rising for the last four days.

The Bangladesh Bank yesterday appointed Md Habibur Rahman as its new chief economist.

Heavy dependence on banks for long-term funding is weakening the financial health of local lenders, according to analysts.

The government will take all possible steps to harness the potential of seaweed and other marine resources for the development of the blue economy, said Fisheries and Livestock Minister SM Rezaul Karim.

Stocks ended flat for the second consecutive day yesterday as investors kept maintaining their wait-and-see approach amid higher infections of Covid-19.

Shipping lines in Bangladesh have expressed concern over some provisions in the recently published policy for private inland container depots (ICDs), citing that certain measures may cause adversities in running operations.

Bangladesh Bank yesterday asked banks to appropriately provide relevant data of inland letters of credit (LCs) to the online import monitoring system (OIMS).

Bangladesh Bank yesterday ordered non-bank financial institutions (NBFIs) not to disburse loans using cheques of current accounts they have to maintain with the central bank.

Mongla port, the country’s second biggest seaport, has made a strong comeback as it sees an increased arrival of ships, making it a major gateway for Bangladesh’s overseas trade once again.

The Bangladesh Bank today asked banks to submit the required data of inland letters of credit (LCs) to the online import monitoring system (OIMS) appropriately.

Stocks ended flat today and investors’ participation was also almost the same compared to the previous day as people have adopted a wait-and-see policy amid rising Covid-19 infections.

The transition from manual banking to its digital means is certainly not a new phenomenon for Bangladesh’s banking sector. But the advent of the coronavirus pandemic has had clients from all walks of life honing in on internet banking to cut the chances of contracting the deadly flu.

The National Board of Revenue (NBR) has updated its rules on temporary importation of machinery, parts and equipment such that public and private agencies can implement projects that require using foreign items.

The spiralling trend of raw jute prices has come to a halt thanks to monitoring by the authorities to curb stockpiling by traders in the last two weeks, said traders and exporters.

The single-digit interest rate on bank loans has helped industries in Bangladesh tremendously as the cost of finances has gone down sharply, allowing them to navigate challenges during the coronavirus pandemic smoothly, said a top entrepreneur.

Fast disbursement of the government’s stimulus packages among cottage, micro, small and medium enterprises (CMSMEs) is facing bottlenecks, starting with complexities over the definition of these entities, said speakers yesterday.

Foreign Minister AK Abdul Momen has called upon the Bangladeshi expatriates to invest in Bangladesh to build a prosperous nation.

Bangladesh Fisheries Development Corporation (BFDC) is establishing a world-class dry fish processing industry in Cox’s Bazar, said Fisheries and Livestock Minister SM Rezaul Karim yesterday.

The commerce ministry is expecting a full amendment to the companies act this year to make the vital law time-befitting, said Tapan Kanti Ghosh, senior secretary to the commerce ministry, yesterday.