EBL, ADB sign trade financing deal

Eastern Bank has recently signed an agreement with Asian Development Bank (ADB) under a trade finance programme.
24 August 2021

Taliban name acting head of central bank

The Taliban have appointed an acting head of Afghanistan’s central bank to help ease growing economic turmoil, more than a week after the Islamist movement seized the capital Kabul, a statement said on Monday.
24 August 2021

Dhaka stocks hit new high

The broader index of the Dhaka Stock Exchange touched a new high of 6,900 points yesterday on the back of elevated trading activity as investors’ positive sentiment outweighs worries stemming from the ongoing economic slowdown. 
24 August 2021

Fintech: key to conveniences

When Alexander Graham Bell invented the telephone in 1876, little he did know his invention would be a tool to transform life, society and economy hundred years later.
24 August 2021

News In Brief

The government has approved a nearly Tk 210 crore project to establish 64,000 biogas plants to generate renewable energy in rural areas.
24 August 2021

Garment makers seek Spanish investment in non-cotton textile

Local garment makers yesterday sought Spanish investment in non-cotton textile items as the demand for apparel items manufactured from man-made fibre (MMF) is on the rise.
24 August 2021

ADP spending slows amid Covid restrictions

Implementation of the Annual Development Programme (ADP) in July was 17.22 per cent lower compared to the corresponding month of last fiscal year due to the economic impact of a recent countrywide lockdown.
24 August 2021

Drop in global trade lowers Ctg port rank

An overall decline in the country’s foreign trade last year for the pandemic brought the Chattogram port down nine places in the latest ranking of Lloyd’s List “One Hundred Container Ports 2021” analysing annual container transport of 2020.
24 August 2021

Forex reserve crosses $48b, a new record

Bangladesh’s foreign exchange reserve today hit a record high of $48 billion after managing a financial support from the International Monetary Fund (IMF).
24 August 2021

Bangladesh seeks Spanish investment in non-cotton sector

Bangladesh Garment Manufacturers and Exporters Association (BGMEA)  today sought Spanish investment in non-cotton textile items as the demand for man-made fibre (MMF) garment items is on the rise.
24 August 2021

Key index of Dhaka Stock Exchange goes past 6,900 points

The general index of the Dhaka Stock Exchange went past 6,900 points as investors remain bullish about the prospect of the economy despite the ongoing economic slowdown and are strongly participating in the trading activity.
24 August 2021

Ctg port slips 9 notches to 67th in list of world's busiest ports

The Chattogram port has slipped nine notches down in 2020 to rank 67th in terms of annual throughput of containers among 100 top busiest ports across the world, according to the 2021 edition of Lloyd’s List One Hundred Ports.
23 August 2021

Meghna Group now making ceramic tiles

The Meghna Group of Industries (MGI) has recently entered the domestic ceramic industry by establishing its own Fresh Ceramics brand.
23 August 2021

Default loan rates highest in shipbreaking, SME

Shipbreaking and shipbuilding, small and medium enterprises, trading, agriculture and garment are the top five sectors that generated the highest level of bad loans in Bangladesh in 2020, official figures showed.
23 August 2021

Mercantile Bank Securities reelects chairman, vice-chairman

Mercantile Bank Securities has recently witnessed the reelection of its chairman and vice-chairman at its 59th board meeting.
23 August 2021

Be cautious about giving Safta duty benefits

The customs authorities will not grant duty benefits under the South Asia Free Trade Area (Safta) if importers submit import related documents issued by non-member states of the South Asian Association of Regional Cooperation (Saarc), said a circular from the National Board of Revenue (NBR).
23 August 2021

Stocks rise for 3rd straight day

Shares  at the Dhaka Stock Exchange (DSE) notched their third straight gain  yesterday as investors’ confidence in the market has remained solid.
23 August 2021

New honey tea sells for Tk 3,100 a kg

Shahbazpur Tea Garden in Sreemangal upazila of Moulvibazar district has recently introduced a new variety called honey tea.
23 August 2021

Plan for 1 lakh tonnes of mango export

Agriculture Minister Muhammad Abdur Razzaque yesterday instructed the ministry officials and other agencies concerned to prepare a roadmap to take annual mango exports to 1 lakh tonnes within the next three to five years.
23 August 2021

Banks’ provision shortfall surges

The provision base of the banks in Bangladesh deteriorated further in the second quarter of 2021 because of the surging bad loans, highlighting the worsening health of the financial industry.
23 August 2021