The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do

Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b

When most non-bank financial institutions (NBFIs) in Bangladesh are in hot water with high ratios of non-performing loan (NPL), a handful have been successfully able to keep the rate low.

Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.

The United States could impose nearly 40 percent tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world’s second-biggest economy by up to 1 percentage point.

Bangladesh will focus on properly setting up one economic zone, offering all amenities and utilities and complying with environmental standards, instead of 100, according to Ashik Chowdhury, executive chairman of the Bangladesh Economic Zones Authority (Beza).

Bangladesh Bank (BB) has doubled the limit for the endorsement of foreign currencies at money exchange houses for travels abroad.

The government will lend Tk 60 crore to Beximco from the national budget in a bid to help the troubled conglomerate clear wages for the month of October.

Social Islami Bank PLC stands out among crisis-hit banks with no “untraceable” loans, a factor that will catalyse its swift recovery, according to M Sadiqul Islam, the new chairman of the Shariah-based lender.

“Depositors kept their hard-earned money in banks so efforts will continue in order to ensure that deposits are unaffected,” he added.

Of the traded shares, 213 advanced, 89 declined, and 67 remained unchanged

The letter and Saiful Alam’s threat to pursue international arbitration mark his most serious pushback yet against Bangladesh’s interim government.

The Bangladesh Association of Banks (BAB), the private bank owners’ forum, will work with the central bank governor and the finance adviser to rejuvenate the banking sector, weakened under 15 years of Awami League rule, said its new chairman Abdul Hai Sarker.

Steelmakers in Bangladesh have placed a five-point demand to the interim government, which includes accelerating infrastructure development projects, to address ongoing challenges in the industry..“The government needs to intensify its development efforts to resolve the economic crisis tha

The defaulted loan figure is set to double as the Bangladesh Bank is set to tighten the classification rules for all types of loans by March next year to meet the International Monetary Fund’s loan conditions.

Five scheduled banks have received the nod from the Bangladesh Securities and Exchange Commission (BSEC) to raise a total of Tk 2,000 crore to strengthen their capital base by issuing bonds.

Moody’s downgrade of Bangladesh’s economic outlook from stable to negative is expected to have limited immediate impact on the economy, but may affect international trade for banks, leading to higher costs for letters of credit (LCs) and more stringent reviews of private sector credit, experts stated.

Bangladesh is losing $355 million in tax annually because of outward profit shifting by the corporates, particularly multinational firms, and abuses by individuals who have wealth, especially in tax havens.

The government has permitted the import of 18.80 crore eggs through 42 designated firms to boost supply of the key source of protein in the local market and help contain rising prices.

The new shipping route directly linking Karachi and Chattogram has opened new horizons for Bangladesh’s foreign trade, Chittagong Port Authority (CPA) Chairman Rear Admiral SM Moniruzzaman said yesterday.