Sikder Insurance Company Limited has invested most of its assets in the capital market, parking funds in a single stock of scandal-ridden National Bank Ltd (NBL), in a corporate wrongdoing influenced by family ties.

Earnings from garment export from Bangladesh increased by 4.35 percent in the January-November period to $42.83 billion, mainly to non-traditional markets, according to data from the Export Promotion Bureau (EPB).

LankaBangla Finance PLC, a non-bank financial institution, got approval from the Bangladesh Securities and Exchange Commission for the issuance of its zero-coupon bond to raise Tk 200 crore.

Abu Dhabi (AD) Ports Group has offered to invest $1 billion to construct a multipurpose terminal, one of four under Bay Terminal, in a joint venture with Chittagong Port Authority (CPA), said CPA Chairman Rear Admiral Mohammad Sohail today.

The Bangladesh Bank has asked Islami Bank Bangladesh to explain why it is buying US dollars from foreign exchange houses at a rate that is higher than the fixed price.

Bangladesh and India on July 11 rolled out the cross-border trade settlement in the rupee to cut the dependence on the US dollar, but transaction figures illustrate a dearth of interest in carrying out businesses in the Indian currency.

Some international clothing retailers and brands have already agreed to pay more to their respective suppliers to absorb an increase in wages, the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said yesterday.

Most South Asian countries succeeded in reining inflation in 2023 in a major relief for their populations who struggled after prices spiralled owing to the shocks stemming from the lingering impacts of the coronavirus pandemic and the Russia-Ukraine war

Three important measures, including implementation of the financial act, and exchange rate and interest rate reforms, are needed to restore balance to the economy within one or two years although there may be growing pains, a noted economist said yesterday.

National Bank, the country’s first private sector bank with a prosperous past, became a losing concern due to massive loan irregularities, lack of good governance and conflict among directors.

For the second year in a row, the Chattogram seaport may face a drop in annual container throughput due to frequent declines in monthly container handling.

Three important measures, including implementation of the financial act, and exchange rate and interest rate reforms, are needed to restore balance to the economy within one or two years although there may be growing pains, a noted economist said yesterday.

Bangladesh might have experienced capital flight in the last financial year evidenced from the unusual outflow of funds as well as unrealised export proceeds, said the International Monetary Fund (IMF).

Pran-RFL Group, a leading food processor and conglomerate in Bangladesh, plans to produce flour, refined flour and semolina for consumers in their factories by March next year.

Deposits in the special accounts of farmers, hardcore poor and in their social safety net accounts dropped in October amidst high inflationary pressure in Bangladesh.

Bangladesh’s economy has been passing through a challenging time for the past two years amidst growing pressure on foreign exchange reserves, the sharp depreciation of the taka and an elevated level of inflation

Hundreds of RMG workers took to the streets yesterday, protesting the announcement of Crony Tex Sweater Ltd to lay-off workers of the sweater division due to a decline in work orders from foreign buyers.

More than 60 years ago, an adolescent Fazlur Rahman got an unexpected start to his journey in business.

Importers and exporters in Bangladesh started to feel the pinch of the transit disruption through the Red Sea route as major shipping lines announced, and in some cases even began implementing, additional surcharges to cover costs for re-routing their vessels around Africa’s Cape of Good Hope following attacks by the Yemen-based Houthi militant group on the Indian Ocean.

BRAC Bank has suspended all sorts of cash withdrawals by its cardholders outside Bangladesh, a development that comes amid the country’s lingering forex crisis.