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. 

Indo-Bangla Pharmaceuticals Limited has reported an 80 per cent decline in profit in the year that ended on June 30. 

Creating scalable 5G use cases for business is the main challenge for a meaningful commercial rollout of the service in Bangladesh, according to experts.

Stocks fell for the second consecutive day yesterday, but the turnover experienced a 20 per cent rise.

Pradip Ranjan Chakraborty, former secretary of the planning commission, has been appointed as the new chairperson of Bangladesh Competition Commission (BCC).

Non-banking financial institution IDLC Finance is set to start construction of its permanent 20-storey corporate office in the Tejgaon Industrial Area in Dhaka. 

Meghna Cement Mills Ltd returned to profit in the last financial year.  

The third generation or 3G network will not remain available in the country from next year as the technology is no longer necessary thanks to the expansion of 4G network, Telecom Minister Mustafa Jabbar said today.

Pradip Ranjan Chakraborty, former secretary of the planning commission, has been appointed as the new chairperson of Bangladesh Competition Commission (BCC).

Bangladesh Bank (BB) today relaxed its rule to facilitate lending for establishment of coal-based power plants and buy the dirty fuel to generate electricity.

The Bangladesh Bank today raised the interest rate for loans from its export development fund (EDF) by 1 percentage point with a view to making borrowing costlier and thus saving foreign currencies.

Stocks fell for the second consecutive day today, but the turnover experienced a 20 per cent rise.

Parliament Speaker Shirin Sharmin Chaudhury has called upon the banking sector leaders to uphold values and pursue responsible financing to build a sustainable and prosperous future for all.

The Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Tangail has long been gripped by a myriad of troubles, including poor roads and drainage system, according to industry operators.

A recession is a substantial decline in overall economic activity, lasting more than a few months, typically visible in real gross domestic product, actual income, employment, industrial production, and wholesale-retail sales.

The government is going to undertake a major project to set up five jetties and necessary infrastructure in the economic zones in the country’s south-eastern part to ensure the comfortable and safe movement of people and landing facilities and boost tourism.

Although cotton prices have declined sharply in the international futures markets, spinners and garment exporters in Bangladesh are not feeling elated owing to the dearer US dollar, the energy crisis and the fall in demand for finished goods.    

Not only the external factors such as the Russia-Ukraine war, the energy crisis and supply bottlenecks but also the unaddressed legacy issues that are responsible for the current ills of Bangladesh’s economy, said economists yesterday.