Spending through credit cards maintained an upward trend in September as people kept flocking to online sites in the tourism and hospitality sector as the coronavirus crisis continues to wane.

Non-bank financial institutions have demanded postponement of the application of a Bangladesh Bank guideline that is seeking to restore credit discipline in the fragile sector.

Listed companies across almost all sectors saw their profits rise 8.6 per cent on average in the first quarter of the ongoing fiscal year, indicating that Bangladesh is making a strong economic recovery from the Covid-19 pandemic.

LankaBangla Finance has recently received $21 million in foreign currency loans from two companies with prior approval from Bangladesh Bank. 

Prime Bank has won a bronze at an Efma-Accenture Banking Innovation Awards 2021 in an analytics and artificial intelligence category.  

Global stocks tumbled on Friday and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen and the Swiss franc.

The International Investment Summit, which begins today, will see a new Bangladesh, said Salman F Rahman, private industry and investment affairs adviser to the prime minister.

Risks of a new Covid hit to economic activity are clobbering expectations for rate hikes next year from the world’s major central banks, a potential setback for the dollar and other currencies where wagers had been most aggressive.

With the culmination of climate change and its adverse impact, we are all concerned about our habitat, economy, life-style and future generation.

Timely adoption of regulatory changes and policy reforms will help attract more foreign direct investment (FDI) and access foreign finances, said Nuzhat Anwar, acting country manager for Bangladesh, Bhutan and Nepal of the International Finance Corporation (IFC).

Parliament yesterday passed the Bankers’ Book Evidence Bill 2021, defining digitally recorded documents used in the ordinary business of banks as legal evidence admissible in court.

Finance Minister AHM Mustafa Kamal today told the parliament that he does not know who are laundering money abroad and called upon the opposition MPs to provide him the list of money launderers. 

Standard Chartered Bangladesh has arranged the country’s first-ever green bond for Pran Agro Ltd, a concern of Pran-RFL Group. 

The parliament today passed the Bankers’ Book Evidence Bill 2021, defining the digitally recorded documents as such evidence under the proposed law.

The general council of the World Trade Organisation (WTO) agreed late Friday (November 26) to postpone its imminent ministerial conference after an outbreak of a particularly transmissible strain of the Covid-19 virus, leading several governments to impose travel restrictions that would have prevented many ministers from reaching Geneva.

A recent price rise of essential commodities, decreasing remittances, threat of a new coronavirus wave, and slow vaccine rollout are among the emerging challenges facing the economy of Bangladesh, said the Metropolitan Chamber of Commerce and Industry (MCCI) in Dhaka yesterday.

Banking services are set to come even closer to clients in Bangladesh as Bank Asia plans to roll out voice banking, allowing its clients to carry out transactions through conversation.

Reliable data helped the government take necessary policy measures in the healthcare and financial sectors to keep people and businesses alive amid the ongoing coronavirus pandemic, according to speakers at a virtual dialogue yesterday.

Nokia yesterday launched two locally manufactured smartphone models, aiming to grab this expanding market with hopes that people will again start looking forward to their beloved brand reminiscing the past.

Shares on the Dhaka Stock Exchange (DSE) declined for the fifth consecutive day yesterday and turnover dropped to a seven-month low due to thin investor participation as the key index continued its downward spiral.