Bangladesh Bank Governor Ahsan H Mansur yesterday urged banks to be compassionate, humane and empathetic when dealing with farmers who fail to repay loans for genuine and understandable difficulties.

The latest move is a part of dozens of instructions given by the BFIU to lock accounts of top functionaries, including ministers, of the immediate past Awami League (AL) government.

The bank has also got new faces in the top tier

The Bangladesh Securities and Exchange Commission (BSEC) decided to freeze the beneficiary owner’s (BO) accounts of 20 investors linked with several former ministers and former members of parliament

BB forms new five-member board for Exim, keeping three shareholder directors unchanged

The 12-member panel held its first meeting today, the next one on Sep 3

The rating agency expects India's economy to expand 7.2% in 2024 from 6.8% previously

The banks have to disburse Tk 38,000 crore in FY25, a target 8.75% higher year-on-year

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 29 points, or 0.51 percent, to 5,786 until 12.40 pm

The global IT outage on July 19 serves as a stark reminder of our vulnerability to technological failures

In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota

Bangladesh’s overall exports fell 4.34 percent year-on-year in FY24 due to lower shipments of ready made garments (RMG), reflecting sluggishness in industrial activities and the economy.

The government is seeking as much as $8 billion in budget support by December from the development partners, including the International Monetary Fund (IMF), to pay back foreign liabilities and boost foreign exchange reserves.

The central bank has just reconstituted the board of United Commercial Bank (UCB) for financial wrongdoings, but it has a darker past – a takeover at gunpoint by a politically influential family over a quarter of a century ago.

Gold prices fell on Wednesday under pressure from a stronger dollar and uncertainty ahead of a key US inflation report that could provide more clarity about the Federal Reserve’s September policy meeting.

DC Industry (Bangladesh) Company Ltd signed an agreement with Bangladesh Export Processing Zones Authority (Bepza) yesterday to set up a bag and wallet manufacturing facility in Bepza Economic Zone at Mirsharai, Chattogram with an investment of $5.36 million.

The government will purchase 90,000 tonnes of urea fertiliser and 20,000 tonnes of red lentils under four proposals approved by an advisory committee on public purchase in its first meeting yesterday since the interim government took to office.

More than 50 years ago, the invention of silicon-based microprocessors catalysed the progress of automated instruction-led activities in industries. Gradually, that led to the adoption of computers in business, which was later followed by technology-led business transformations. What we see today as enterprise resource planning (ERP) system implementations and upgrades to cloud-based ERP systems in organisations – including those in Bangladesh – have been built on technological inventions like microprocessors and algorithms.

Hundreds of rows of gleaming panels blanket swathes of scrubby sand at sunset in a remote northern Chinese desert -- once the biggest solar farm in the world.

The government yesterday formed a 12-member committee led by Dr Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD), to prepare a white paper on the state of Bangladesh’s economy.