The Bangladesh Bank faces a complex situation as it draws up its monetary policy statement for the current fiscal year in the wake of escalating excess liquidity and ongoing business slowdown.

Asia’s stocks fell to a fresh seven-month troughs on Tuesday led by a third straight session of heavy selling by the Chinese internet giant, while bond and money markets remained in tight range ahead of Federal Reserve policy meeting. 

City Bank has recently signed an agreement with International Finance Corporation (IFC) to participate in a Global Trade Finance Program (GTFP) as a confirming bank.

Standard Chartered Bangladesh has recently been recognised as the “Best Bank in Covid-19 Initiatives” and “Best CSR Bank in Bangladesh” at BT Banking Award 2021. 

Industrial giant Jamuna Group is going to invest up to Tk 1,000 crore in beleaguered e-commerce platform Evaly.

Mobile phone operator Robi Axiata has experienced a 20 per cent year-on-year fall in profits in April-June quarter of this year despite posting higher revenue and lower net finance costs during the period.

Standard Chartered Bangladesh has recently been awarded with the ‘Best Bank in Covid-19 Initiatives’ and ‘Best CSR Bank’ in Bangladesh at the BT Banking Award 2021.

The stock price of Linde Bangladesh rose 2.71 per cent to Tk 1,376 today after the company said that it has made higher profits in the first half of this year.

Dutch health technology company Philips on Monday beat analysts’ expectations with a jump in second-quarter core earnings to 532 million euros ($626 million), boosted by its personal health and diagnosis businesses.

Singapore sovereign wealth fund GIC will invest $240 million in Arctic Green Energy to support the renewable energy firm’s expansion in Asia and Europe, the companies said on Monday.

Custom House, Chattogram seized 50 tonnes of fabrics worth Tk 20 crore last week on finding evidence of it being imported forging seals and signatures of Customs Bond Commissionerate, Dhaka.

An age-old “Kathaler Haat”, or jackfruit market, in Brahmanbazar area of Moulvibazar’s Kulaura upazila is seeing poor sales this year as recent restrictions on public movement aimed at containing the spread of Covid-19 have kept buyers at bay.

Local businesses need to become more competitive at the international level so that Bangladesh can enjoy a smooth graduation from the UN’s group of least developed countries (LDCs) in 2026, speakers said at a webinar yesterday.

In an effort to curb frequent foreign trips, Bangladesh Bank yesterday asked managing directors of non-bank financial institutions (NBFIs) to take its prior approval.

The stock market dropped yesterday owing to a profit booking tendency, with investors prompted to go for sales by a Bangladesh Bank directive on banks to curb channelling of stimulus funds to unproductive sectors, including the share market.

Profits of listed shoe-makers of Bangladesh dropped in 2020 despite the drastic fall in the price of rawhides as the sales of the finished products crashed because of the economic slump caused by the pandemic.

Like a million others, Ridoy Saha was rendered unemployed within weeks after Bangladesh introduced a nationwide lockdown in March last year to limit the spread of coronavirus.

Financial markets kicked off the week with fresh volatility on Monday, as Asian stocks tumbled, bitcoin soared and the dollar retreated.

Textile manufacturer ZXY International has recently announced a new partnership agreement with textile innovator HeiQ enabling trading with brands and mills and connect as per requirements with innovative technologies. 

A new managing director has been appointed at Dhaka Stock Exchange on Sunday.