Bangladesh’s foreign currency reserves slipped below $34 billion yesterday after the central bank sold $71 million on the interbank market to help banks clear import bills, said a Bangladesh Bank official.

Bangladesh's foreign currency reserves fell below $34 billion today after the central bank sold $71 million in in the interbank market to help banks clear import bills, said a Bangladesh Bank official.

Citibank NA Bangladesh recently appointed a new country officer. 

Meghna Bank recently signed a tripartite agreement with ModeFinServer Private and Genex Infosys at the bank’s head office in Gulshan, Dhaka to avail a mobile financial solution platform from the former and provide logistics and localisation support from the latter. 

Global Heavy Chemicals Limited suffered losses in the financial year that ended on June 30 because of a drop in sales and its failure to recover operating fixed costs.

Mobile financial service providers have been allowed to bring in remittances to Bangladesh, a move that would permit migrant workers to transfer funds to their beneficiaries directly, fast, digitally, and in a secure way.

Companies based in Finland want to be Bangladesh’s development partners as they are eager to invest in the country’s energy, smart city development and port management sectors.

Bangladesh Bank yesterday asked banks to keep 5 per cent of their annual budget for corporate social responsibility (CSR) programmes undertaken by the Prime Minister’s Education Assistance Trust. 

A three-day long first-ever Bangladesh International Travel and Tourism Expo (BITTE) is scheduled to kick off in Dhaka from December 1 to boost the country’s tourism industry and showcase Bangladesh to global tourists.

The demand for dried fish from Barguna’s Taltali upazila seems unencumbered by rising inflation as the region is supplying some 150 maunds to markets across Bangladesh each week amid the ongoing production season, according to traders.

Limited knowledge of designs and outdated technologies are common problems plaguing almost all clusters of small and medium-sized enterprises (SMEs) around Bangladesh, said speakers at a seminar yesterday.

Sustainability reporting is a non-financial reporting process in which a company explains its preventative strategies to mitigate mid-to-long-term risks and provides transparency on its environmental, economical, and socio-ethical actions.

The restoration of buoyancy in US markets has led to a strong rebound in work orders from international apparel retailers and brands, providing much-needed relief to garment makers in Bangladesh following a lean season.

Private sector credit growth in Bangladesh dropped in October as banks slowed loan disbursement amid a liquidity crunch.

Most of the blue-chip stocks such as British American Tobacco, Grameenphone, Renata, and Singer Bangladesh are failing to attract investors even though they are up for grabs at floor prices as investors fear that the market will fall if the floor price is lifted given the current gloomy economic scenario.

Issuing a strong warning to the Anti-Corruption Commission over its failure to press charges in any of the 56 Basic Bank loan scam cases in the last seven years,

Finance Minister AHM Mustafa Kamal yesterday said he would look into alleged financial irregularities occurring at Islami Bank if journalists inform him about it in writing.

A famous physicist once said: “When you can measure what you are speaking about, and express it in numbers, you know something about it.”

Grameenphone recently celebrated its 25 years in Bangladesh. It is a story to be proud of, a story of how telecom technology was made available to people from all walks of life.

Kazi Md Wahidul Islam, who was previously serving Rupali Bank as general manager, joined Sonali Bank as deputy managing director recently.