IPO quota for general investors increased

The stock market regulator increased quota for general investors in initial public offering (IPO) to 70 per cent, up from 60 per cent earlier.
1 September 2021

Mastercard, SSLCOMMERZ, MTB offer using Bangla QR

Mastercard, payment gateway SSLCOMMERZ and Mutual Trust Bank have launched a quick response (QR) acquiring platform enabling use of “Bangla QR”. 
31 August 2021

Asian markets rise as traders brush off early upset at China data

Markets rose in Asia on Tuesday, tracking another record Wall Street close, as investors overcame early selling pressure sparked by data indicating China’s economic recovery had been slowed down by an outbreak of the fast-spreading Delta Covid variant.
31 August 2021

NRB Bank reelects vice chairmen

NRB Bank has recently witnessed the reelection of two vice-chairmen at a board of directors’ meeting. 
31 August 2021

BSEC and Nagad: Zero intolerance of noncompliance for zero-coupon bond

Regulators are like football referees. The latter runs along the ball, as much as he can, across the field and instantly intervenes upon foul play. Players’ stardom or the team’s elite profile is immaterial to him.
31 August 2021

Edible oil consumption rises 20pc in 5 years

The country's annual consumption of oils and fats currently stands at 30.3 lakh tonnes, 92 per cent of which is met through imports. Bangladesh imported 27.73 lakh tonnes of edible oil, fats and oil seed worth $2.12 billion in fiscal 2019-20.
31 August 2021

Stocks bounce back after 3-day fall

Bangladesh’s stock market bounced back yesterday after losing a total of 61 points over the last three days as investors started to buy stocks, thinking that the profit booking session had ended.
31 August 2021

New international accord: The debate

Farque Hassan, president of apparel makers’ platform the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), said a new international accord cannot be formed.
31 August 2021

SME stimulus way lower than regional peers: study

The government’s allocation for helping small and medium enterprises (SMEs) overcome coronavirus-induced losses is less compared to the funds set aside for the same purpose in India, Thailand, and Malaysia, according to a recent study.
31 August 2021

Padma Bank seeks to merge with state bank

Padma Bank, the erstwhile Farmers Bank, in a letter to the finance ministry recently has sought to be merged with any state bank that fits the bill, in what seems to be a desperate effort to avoid further deterioration of its financial health.
31 August 2021

Apparel export to EU awaits severe competition: experts

Bangladesh will face severe competition in garment shipment to the European Union (EU) once it makes the United Nations status graduation from a least developed to a developing nation, a noted economist said yesterday.
31 August 2021

‘SMEs in India, Thailand, Malaysia received more incentives than Bangladeshi peers’

The government has allocated less incentive than India, Thailand, and Malaysia in the Small and Medium Enterprises (SMEs) sector to help them overcome the losses caused by the Covid-19 pandemic, according to a report of SME Foundation revealed today.
31 August 2021

'Bangladesh to face intense competition in EU after LDC graduation'

Bangladesh will face intense competition in the EU market after its graduation from the least developed country category, a noted economist said today.
31 August 2021

Stocks come back to black again

The stock market bounced back again today after falling for three days as investors went for booking profits.
31 August 2021

Ukraine pins hopes on Gulf visitors for pandemic-hit tourism

Saudi tourists ride horse-drawn carriages, pose for portraits by street artists and play chess on benches with locals in Lviv, a city in Ukraine more accustomed to hosting European guests.
30 August 2021

Moody’s assigns Ba3 rating to Brac Bank

Moody’s Investors Service has assigned a Ba3 rating to Brac Bank amidst the ongoing Covid-19 pandemic.  Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk, according to Moody’s.
30 August 2021

Singapore’s Shopee changes the game in Brazil’s e-commerce sector

Sea’s Shopee took just two years to become Brazil’s most-downloaded shopping app, winning users to its low-cost marketplace with its game-changing approach to e-commerce: In-app mini-games offering coupons to winning users. 
30 August 2021

Policy framed to give CIP status to recruiting agents

The expatriate welfare and overseas employment ministry has framed a policy to recognise recruiting agents as commercially important persons (CIPs) for their contribution to overseas employment.
30 August 2021

Hoarders, exporters dominate jute markets

Allured by the high price of raw jute at the fag end of last year, a section of traders and seasonal buyers are now rushing to stockpile the product.
30 August 2021

Currency Swap: Sri Lanka gets another $100m from Bangladesh Bank

Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis.
30 August 2021