City Bank to fund research at Hajee Danesh university

City Bank recently signed an agreement with Hajee Mohammad Danesh Science and Technology University (HSTU).
5 August 2023, 18:00 PM

Sovereign credit rating: past, present and future

Sovereign credit ratings (SCR), determined based on a country’s willingness and ability to pay its principal and interest obligations on time, are qualitative indicators that determine a nation’s likelihood of default. Countries’ borrowing costs from international financial markets depend on their SCR. A better SCR means more favourable cost of borrowing and lower SCR means higher cost of borrowing.
5 August 2023, 18:00 PM

NRB Bank plans to introduce neo-banking services

NRB Bank is planning and working to onboard digital banking facilities as well as introduce neo-banking services for its customers, according to the top official of the private bank.
5 August 2023, 18:00 PM

Lay emphasis on power supply

The government should lay emphasis on the electricity transmission and distribution system to ensure uninterrupted supply, said Mahbubul Alam, the newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). 
5 August 2023, 18:00 PM

Visa sees potential in smarter digital services

Visa, the American multinational financial services corporation, sees potential in working and partnering with the government for smarter digital services for citizens and businesses. 
5 August 2023, 18:00 PM

Opec+ panel suggests keeping output strategy unchanged

A committee of major oil producers recommended Friday to keep the cartel’s current output strategy unchanged after heavyweights Saudi Arabia and Russia extended their cuts despite recovering prices.
5 August 2023, 18:00 PM

Restaurants want to import meat

An association of restaurant owners yesterday sought permission from the government to import broiler chicken, mutton and beef to counter a rise in their prices. 
5 August 2023, 18:00 PM

Robust rains accelerate rice planting in India

Indian farmers have planted 28.3 million hectares (69.9 million acres) with summer-sown rice, according to the farm ministry’s latest data, up 3.28 percent from the same period last year, as robust monsoon rains encouraged the expansion of acreage.
5 August 2023, 18:00 PM

Local company buying new oil tanker for the first time

For the first time, a local private company is going to buy a new oil tanker instead of purchasing a second hand one to avail better performances and a longer service period.
5 August 2023, 18:00 PM

Silk factory in Thakurgaon resumes production after 21 years

After nearly 21 years, Thakurgaon Silk Factory resumed its production last week with the new name ‘Suprio Silk Factory’.
5 August 2023, 18:00 PM

TikTok unveils changes to meet tough new EU rules

Video-sharing platform TikTok announced Friday changes to meet strict EU rules including allowing European users to turn off the addictive feature that shows content based on their interests.
5 August 2023, 18:00 PM

Beef prices stay the same despite promises

Beef is still selling at the going market rate of Tk 750 to Tk 800 per kg in Dhaka even though the Bangladesh Dairy Farmers’ Association (BDFA) recently reduced the price by Tk 50
5 August 2023, 16:03 PM

Restaurateurs seek meat imports

An association of restaurant owners today sought permission from the government to import broiler chicken, mutton and beef to counter a rise in their prices
5 August 2023, 15:25 PM

Robust rains accelerate rice planting in India

Indian farmers have planted 28.3 million hectares (69.9 million acres) with summer-sown rice, according to the farm ministry's latest data, up 3.28 percent from the same period last year, as robust monsoon rains encouraged the expansion of acreage.
5 August 2023, 12:46 PM

How El Nino threatens emerging market economies

Countries around the world are battling heatwaves and floods fuelled by El Nino, a naturally occurring climate phenomenon that has a 90 per cert probability of persisting in the second half of 2023, according to the World Meteorological Organization.
5 August 2023, 12:32 PM

Brac, City Bank, IDLC Finance retain top spots

Brac Bank, The City Bank and IDLC Finance Ltd were named as the top banks and non-banks for the third consecutive year in the central bank’s Sustainability Rating for 2022.
4 August 2023, 05:00 AM

Silver jewellery winning hearts in silence

People in Bangladesh are becoming increasingly inclined towards silver jewellery as they are more affordable than gold or platinum ornaments, especially amid the ongoing inflationary pressure, according to various traders.
4 August 2023, 00:00 AM

Bangladesh’s share in global RMG trade trebles in 17 years

Bangladesh’s share in the global readymade garment trade more than tripled in the past 17 years as the country cements its position as one of the largest suppliers internationally.   
4 August 2023, 00:00 AM

Who is the next superpower?

One day, the United States, China and Russia met at a racecourse and started arguing about who the next global superpower will be. The United States said, “With the most powerful military in the world, we can defeat any country in a war.”
3 August 2023, 18:00 PM

ADB mobilises $261m for expressway

The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestions and provide better connectivity.
3 August 2023, 18:00 PM