The unsold yarn at the spinning mills of Bangladesh is piling up abnormally because of a fall in work orders by 30 per cent for apparel items from international clothing retailers and brands. 

The furniture sector is considered a promising sector of Bangladesh thanks to the abundance of labourers, the flow of capital, technological facilities, and higher demand in the global market. 

The involvement of listed and non-listed companies in the manipulation of stocks is growing, an ominous sign for a market already facing a confidence crisis.     

Bangladeshi expatriates would be immensely benefitted if they send remittance through digital platforms as it cuts that cost of sending money from overseas by roughly half, according to a recent study.

NCC Bank has signed an issuing bank agreement with Asian Development Bank under its “Trade and Supply Chain Finance Program (TSCFP)” recently.

Padma Bank and Rico International signed a memorandum of understanding (MoU) on student banking relationship in Dhaka on Tuesday.

Southeast Bank won “The 2022 US Dollar Clearing Elite Quality Recognition Award for Outstanding Achievement of Best-in-Class” of JP Morgan Chase Bank NA, the largest bank in the United States.

Brac Bank has launched the country’s first end-to-end digital loan app Shubidha. 

The Bangladesh Bank has allowed banks to help students who are studying in China pay their tuition fees.  

The government today restricted foreign travels of all public sector employees until further notice, a development that comes amid falling foreign exchange reserves.

The Chittagong Stock Exchange (CSE) declined for the third straight day today.

The Dhaka Stock Exchange (DSE) fell for the third consecutive session today.

Bangladesh has made gradual progress in reducing some constraints on foreign direct investments (FDIs). However, many feel a lot needs to be done when it comes to improving the ease of doing business here.  

Although many industrial estates under the Bangladesh Small and Cottage Industries Corporation (BSCIC) seem to be in shambles, the one in Nilphamari paints a picture of success.

The price of wheat flour has kept rising in the retail market of Bangladesh due to a decrease in imports amid higher costs of the staple in the global markets, handing a fresh blow to the consumers already struggling to make ends meet. 

The current lending rate, which equals the inflation rate, has brought about major challenges for the economy as a negative interest rate has prompted many large clients to borrow hugely despite subdued demand, giving them the leeway to divert funds to the unproductive sector. 

Bangladesh Bank yesterday raised the interest rate for loans from its export development fund (EDF) by 1 percentage point to make borrowing costlier and save foreign currencies from falling, a move that comes in less than four months since it increased the rate for loans under this special fund.

Bangladesh Bank yesterday relaxed its rules to facilitate lending for the establishment of coal-based power plants and buying the dirty fuel to generate electricity.

City Bank has signed an agreement with Trust Axiata Digital (TAD) at the bank’s head office in Dhaka recently.

Associated Oxygen Limited (AOL) reported nearly 24 per cent lower profit in the last financial year of 2021-22 for the economic slowdown, the impacts of the Russia-Ukraine war and lower sales of medical oxygen.