Eighteen private commercial banks yesterday signed a deal with the Bangladesh Bank (BB) to avail funds from the central bank’s long-term financing facility (BB-LTFF) for export-oriented manufacturing companies.

Multilateral development finance institution Islamic Development Bank (IDB) has withdrawn the directorship of its representative from the board of directors of Islami Bank Bangladesh PLC

Multilateral development finance institution Islamic Development Bank (IDB) has withdrawn the directorship of its representative from the board of directors of Islami Bank Bangladesh PLC.

The International Monetary Fund (IMF) has revised down growth forecast for Bangladesh’s economy to 6 percent for the fiscal year 2023-24, lower from its previous projection of 6.5 percent.

The use of the Bangladesh Standards and Testing Institution’s (BSTI) standardisation mark has been made mandatory for 36 new products, including LPG cylinders, pressure cookers, microwave ovens and sweetmeats.

Anxiety has gripped tea producers in Bangladesh as both sales and prices at the weekly international tea auction in Chattogram city are experiencing a drastic fall this season.

With major indicators showing stress in the economy, there is no good news in the investment flow too as investors now prefer to stay away from taking new projects or expanding their existing capacity.

Bangladesh Bank yesterday gave cold storage owners another month, until November 30, to apply for rescheduling their default loans.

The visiting International Monetary Fund (IMF) mission yesterday inquired about the government’s plans to reduce energy and fertiliser subsidies, which have been increasing in recent years.

Bangladesh Competition Commission has fined Kazi Farms Tk 5 crore and Suguna Food and Feeds Bangladesh Private Limited Tk 3.44 crore in two cases for unusual increase in broiler chicken prices in the market.

Online banking transactions in Bangladesh amounted to nearly Tk 50,000 crore in May 2023, a 142 per cent rise year-on-year, Bangladesh Bank data showed.

The two were fined for violating Section 15 of the Competition Act, 2012

The Bangladesh Leather Footwear and Leather goods International Sourcing Show (BLLISS) will be of three days

Top Bihar govt officials visit BGMEA office

CPD Chairman Prof Rehman Sobhan says

Exporters in Bangladesh are unable to take the full benefit of the devaluation of the taka against the US dollar amid ongoing inflationary pressure and rising production costs, according to industry people.

Fresh investment of around Tk 2,500 crore has been made in the automobile industry in the past two and half years since the formulation of the Automobile Industry Development Policy 2021, according to industry insiders.

The National Board of Revenue (NBR) has exempted foreigners working on Dhaka Elevated Expressway from paying taxes on their income for another three years until June 2026.

The government has cut the paddy procurement target of Aman, the second biggest rice crop now under cultivation, by nearly one-third after it received a lukewarm response from growers last year.

Mutual Trust Bank Limited (MTB) is expanding its retail banking portfolio to diversify the business, said Shafquat Hossain, head of retail banking of the lender.