Gross foreign exchange balances held by commercial banks in Bangladesh rose to a 19-month high of $5.53 billion in June, owing to lower imports and higher export and remittance earnings, central bank data showed.   

Public food stocks in Bangladesh rocketed to an 18-month high in July thanks to higher procurement, imports of grains and reduced distribution, official figures showed.  

Prime Bank Ltd has signed an agreement with online payment aggregator Portonics Ltd enabling customers to make merchant payments through internet banking and credit cardholders to avail up to 36 monthly equal instalments. 

The International Chamber of Commerce (ICC) Bangladesh organised a daylong workshop on “Managing Trade Payment and Trade Finance Risk- Operations, Compliance & Legal Analysis” in Dhaka on Saturday.

Social Islami Bank Limited made a Tk 36.92 crore profit in the second quarter of 2023, an increase of more than 3 per cent year-on-year.

Agrani Insurance Co Ltd posted a 20.68 per cent year-on-year increase in profit to Tk 1.11 crore in the second quarter of 2023.   

British American Tobacco (BAT) Bangladesh Company Ltd’s profit grew 4 per cent in the first six months of 2023, driven by higher sales and leaf exports although it recorded a marginal decline in earnings in the second quarter.

Bangladesh has targeted to raise annual fish production to 85 lakh tonnes by 2041, said Fisheries and Livestock Minister SM Rezaul Karim yesterday.

A second round of discussions between Bangladesh and Japan starts in Dhaka today to finalise negotiations focusing a joint study, which would act as a guideline principle for signing an economic partnership agreement (EPA).  

The planning ministry yesterday approved a project through the Project Processing, Appraisal and Management System (PPS), which aims to ensure transparency and accountability in the formulation and approval of various initiatives. 

SMC Enterprise Ltd launched a new kind of micronutrient-fortified food item SMC biscuits for the local market on July 19.

Mobile financial service provider bKash has signed an agreement with DataSoft Systems Bangladesh Ltd to facilitate instalment payments by customers who avail microcredit. 

Deposits at NRBC Bank at the end of last June stood at Tk 17,753 crore, which was a year-on-year increase of 19 per cent, as per a meeting of its board of directors. 

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Anxiety and frustration continue to grow among importers whose goods-filled containers are yet to be salvaged following the tilting of a vessel in the Bay of Bengal near the Bhasan Char coast 16 days ago.  

Major indices of the stocks market in Bangladesh yesterday fell owing to lower investor participation, according to experts.

Ibn Sina Pharmaceutical is going to invest Tk 10 crore in its subsidiary, Ibn Sina API Industry Ltd, as a part of its capital investment in order to purchase capital machinery, the company said yesterday.

Banks are systemically important institutions and corporate governance is vital for them to navigate difficult times and convince depositors to keep money with them.