Bangladesh Bank (BB) has rejected a proposal for the reappointment of ICB Islamic Bank’s managing director and directed taking legal measures against him, saying it had found proof of his involvement in mismanagement, money laundering and embezzlement.

Revenue collection in the first four months of the current fiscal year declined by 1 percent year-on-year

Gold prices steadied on Tuesday, having touched their lowest in over a week earlier in the session as safe-haven demand for the metal eased on optimism about a potential ceasefire between Israel and Hezbollah militants in Lebanon.

Indonesia has rejected an Apple $100 million investment proposal aimed at lifting a ban on iPhone 16 sales, saying it lacks the “fairness” required by the government.

Major indices of the stock market in Bangladesh rose marginally yesterday, breaking a three-day losing streak, as investors cautiously traded selective shares to make short-term gains amid price fluctuations.

Bangladesh is facing a plethora of challenges, including energy constraints, logistical issues and regulatory complexity, which causes the nation to lag behind its peers in terms of attracting foreign direct investment (FDI), according to stakeholders.

A high-level US delegation concluded its visit to Bangladesh yesterday, emphasising the need for labour reforms to strengthen democracy and sustain economic prosperity in the country. 

Tea is fetching higher prices at weekly auctions this year, with market players saying the imposition of a minimum price threshold and low supply of the cash crop are key factors for the rise.

Top executives of multinational companies in Bangladesh yesterday urged the interim government to ensure predictability in licensing and tax measures and bring about improvements in the ease of doing business to attract foreign direct investment.

Bangladesh Shipping Corporation (BSC) repaid Tk 475.25 crore to the interim government as the first instalment of a loan it received from the government and Exim Bank of China in 2016 to purchase ships..Representatives of the BSC handed over the cheque to Chief Adviser Prof Muhammad Yunus

The Bangladesh Merchant Bankers Association highlighted the prospects and challenges of the capital market

Yunus asked the executives to maintain transparency in businesses

However, the displaced official said the allegations are yet to be proved

The delegation concludes its visit to Bangladesh today

The stock market in Bangladesh extended a losing streak for a third consecutive trading day yesterday as skittish investors were reluctant to pour fresh funds due to political and economic uncertainties..As a result, both the Dhaka and Chattogram bourses witnessed thin participation of inv

The index gained 28.89 points to 5165.01 in the morning trade. 

The interim government of Bangladesh has decided to lower the threshold of workers required to register a trade union by a fourth.

The number of electronic filings of tax returns more than doubled to over 5 lakh since July this year, thanks to the steps taken by the National Board of Revenue (NBR). .Individual taxpayers filed 2.17 lakh returns between July 1 and November 24 of this fiscal year, according to the NBR.<

Renata PLC has raised Tk 536 crore by issuing zero coupon bonds and preference shares, saying the funds would be used to reduce its average cost of lending. 

Taufika Foods and Lovello Ice-cream PLC has announced that it would acquire a 50 percent stake in Sharika Foods & Amandala Ltd at a cost of Tk 50 lakh.