Bangladesh faces immediate inflation risks due to the loss of Aman paddy in some areas from adverse weather, increased spending by candidates ahead of the national election, and the upcoming month of Ramadan.

No other bank in the country has come close to this scale of financial damage.

Private lender AB Bank has urged Bangladesh Bank (BB) to provide an additional Tk 2,000 crore in liquidity support to cope with increasing deposit withdrawals amid an asset quality review and the merger of five other commercial banks.

The National Board of Revenue is likely to extend the deadline for submitting income tax returns by one month to December 31 amid a slower-than-expected mandatory online filing.

Mutual funds play a vital role in modern capital markets. By pooling savings from thousands of small investors and investing them in diversified portfolios of stocks and bonds, they help make the market more efficient, liquid and stable. For ordinary investors, mutual funds offer a simple way to take part in the market without having to research or monitor individual securities.

The government, in collaboration with the United Nations, has launched a platform today aimed at strengthening Bangladesh’s supply chains to support sustainable and inclusive economic growth as the country prepares to graduate from the least developed country (LDC) category next year..Name

The development comes despite opposition from businesses, as they think allowing trade unions with such a low number of workers may affect stability

South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom.

India said Monday it had signed a “significant” deal that will see the United States supply nearly 10 percent of the Asian giant’s liquefied petroleum gas (LPG) imports, as it seeks to diversify its energy sources.

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While digital transactions — covering payments through mobile wallets, internet banking, and other electronic channels — grew in volume in Bangladesh in 2024, their share of total payments declined, according to the Bangladesh Payment Systems Report 2024 published by Bangladesh Bank.

Bangladeshi companies are investing more money abroad, suggesting that local firms are becoming more confident

A government probe has found that unsafe storage practices and the absence of fire protection systems allowed the blaze to spread.

The indices of stock market in Bangladesh gained yesterday despite jitters over the political climate, centred on the verdict in a case against deposed prime minister Sheikh Hasina and two of her aides over crimes against humanity.

Nearly a decade ago, the Bangladesh Small and Cottage Industries Corporation (BSCIC) took up a project to build an industrial park in Mirzapur upazila of Tangail. The goal was noble—creating employment through industrialisation two years after implementation and eventually reducing poverty.

International payment card networks, including Visa, Mastercard, American Express and UnionPay, might soon be required to register as companies in Bangladesh to continue operating here under new regulations drafted by the central bank.

Top woven and knitwear exporters have told the revenue board that a handful of unscrupulous traders are exploiting the bonded warehouse facility and walking away unchallenged, while genuine firms are left to face the consequences.

The Bangladesh Bank has rejected Dutch-Bangla Bank’s proposal to purchase a Motijheel building for more than Tk 1,000 crore to use as its corporate headquarters, saying the price was significantly inflated and the deal posed a conflict of interest involving the bank chairman’s family.

Beximco’s textile division, which shut down its factories late last year due to financial problems, is set to reopen with support from Japan-Bangladesh ventures Revival Group Co Ltd and Revival Projects Ltd, alongside state-owned Janata Bank.

Bangladesh, with its large population and strong domestic demand, has significant potential for a thriving tourism sector. However, tourism infrastructure is still not up to the required standard, said Mohammad Rafeuzzaman, president of the Tour Operators Association of Bangladesh (Toab), the country’s apex body of tour operators.