A strong legal system is required to end the default culture and stop defaulters from using writs to defer loan repayments and secure fresh credits, said Abdul Hai Sarker, chairman of Dhaka Bank Ltd. 

Standard Chartered won the “Best International Bank in Bangladesh 2023” title at the Asiamoney Best Bank Awards for the bank’s commitment to accelerating sustainable solutions, revolutionising customer experience through digitalisation, driving inclusion across communities and powering continuous innovation.

Imports of green chili through Hili land port in Dinajpur have been suspended as importers fear incurring losses in face of falling prices in local markets.

US manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the Covid-19 pandemic, but price pressures at the factory gate continued to deflate, a silver lining for the economy.

A technical assistance mission of the International Monetary Fund (IMF) and World Bank is expected to arrive in Dhaka tomorrow in order to undertake a detailed assessment of the Local Currency Bond Market (LCBM) and suggest ways for its development.

Imports of green chili through Hili land port in Dinajpur have been suspended as importers fear incurring losses in face of falling prices in local markets.

The main index of the stock market in Bangladesh remained relatively unchanged over the past fiscal year as most scrips were stuck at their floor price, according to market analysts.

Bangladesh Railway (BR) is seeking a one-year extension on its loan tenure for the Padma Bridge Rail Link Project as a means to avoid upward cost revisions resulting from hassles in clearing payments after the task is complete.

Bangladesh is yet to reap the full benefit from the much-talked central effluent treatment plant (CETP) at the Savar Tannery Industrial Estate (STIE) despite spending more than Tk 500 crore and waiting for nearly a decade.

Bangladesh Commerce Bank recently appointed Mohammad Jamil Hossain as its deputy managing director.

Brac Bank honoured 46 officials -- 24 from retail banking and 22 from SME banking -- with “Tara Business Champion Award” marking the sixth anniversary of its women’s banking initiative “Tara”.

IFIC Bank recently opened three new branches in three different districts -- Meherpur, Nilphamari and Lalmonirhat.

United Commercial Bank (UCB) has recently promoted a senior executive vice-president to the post of deputy managing director (DMD).

Export Import (Exim) Bank of Bangladesh Limited has secured permission from the central bank to extend an overdrawn facility equivalent to five lakh pounds to Exim Exchange Company (UK) Ltd.

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to US interest rates.

Navana Pharmaceuticals yesterday decided to use the proceeds from its initial public offering (IPO) to expand and modernise existing facilities rather than establish a new production unit, according to a posting on the Dhaka Stock Exchange (DSE) website.

The Bangladesh Bank will clear import bills to the tune of $1.09 billion through the Asian Clearing Union (ACU) this week, which will bring down the country’s foreign exchange reserve level. 

Average inflation in Bangladesh surpassed the government’s target for the just-concluded fiscal year by a large margin as higher prices of goods and services continue to linger for the economic crisis at home and abroad.  

Janata Bank’s account holders can now transfer money to bKash accounts from anywhere and anytime without additional charges using its internet banking app “eJanata”.

Shipment fetched $52.08 billion in the previous financial year of 2021-22, according to data from the Export Promotion Bureau (EPB).