The introduction of the Indian currency in settling transactions of bilateral commerce will cut Bangladesh’s reliance on the US dollar and deepen two-way trade, said a top chamber yesterday.  

Trade settlement in rupee between India and Bangladesh would reduce pressure on US dollars and save at least Tk 1 on the exchange cost of each greenback, said Ali Reza Iftekhar, managing director and CEO of Eastern Bank Ltd (EBL).

Bangladesh, India to begin bilateral trade in rupee from July 11

Around $8 billion to $10 billion is remitted from Bangladesh each year as salaries paid to foreign workers in absence of skilled manpower resulting from the lack of a quality education system in the country.

Social Islami Bank organised a daylong half-yearly “Business Conference-2023”.

Faruq Mayeenuddin, an independent director of Brac Bank Ltd, has been elected as the vice-chairperson of the bank.

The Hili land port has failed to reach its revenue collection target for the second consecutive year by a big margin.

Fiscal transparency can be defined as the wide availability and easy access of government financial information to encourage accountability and trust. It refers to the extent to which a government publishes and delivers accurate information about its financial activities and obligations.

Sales of sport utility vehicles (SUVs) and luxury cars are in the slow lane as the demand for high-end automobiles has fallen significantly amid the ongoing economic crisis, according to market players.

The BMW X1 is now available for viewing and test drives at Executive Motors Limited

It missed FY23’s target by 30% and FY22’s by 7%

DCCI President Sameer Sattar says

Zelenskiy's visit followed stops in Bulgaria, the Czech Republic and Slovakia, part of a tour of various NATO capitals.

Robots presented at an AI forum said on Friday they expected to increase in number and help solve global problems, and would not steal humans' jobs or rebel against us.

Islami Bank Bangladesh Ltd (IBBL) retained the top spot among the lenders bringing remittance to the country in the just-concluded fiscal year, data from the central bank showed.   

Bicycle exports from Bangladesh declined 15.31 per cent in the preceding fiscal year (FY) as demand fell amid the global cost-of-living crisis resulting from the ongoing Russia-Ukraine war.

Apparel exporters are anticipating that the next six months will be challenging for the garment industry in Bangladesh as they receive fewer work orders from international buyers amid inflationary pains and depressed customer sentiments.

The Bangladesh Small and Cottage Industries Corporation (BSCIC) has sent a proposal to the industries ministry for taking a project that will make the Central Effluent Treatment Plant (CETP) at the Savar Tannery Industrial Estate (STIE) fully functional.

Bangladesh’s foreign exchange reserves fell to $29.97 billion yesterday after the Bangladesh Bank cleared $1.09 billion of import bills through the Asian Clearing Union (ACU), an arrangement for settling payments for intra-regional transactions among eight countries, said a BB official.

Mutual Trust Bank Limited (MTB) recently appointed Rais Uddin Ahmad as its company secretary.