Bangladesh Bank today urged the Department of Cooperatives to take measures against illegal banking activities carried out by several cooperative societies.

Bangladesh Bank today said exporters can now retain value-added amount of export proceeds in US dollars for 30 days instead of 15 days.

Bangladesh Bank today asked banks to suspend their evening banking operation in order to reduce electricity consumption as part of the government’s austerity measures.

Three bottlers control more than 50 per cent of the $3.2 billion liquefied petroleum gas (LPG) market in Bangladesh, according to industry people and a recent market assessment. 

Smuggled or abandoned liquor and cigarettes from now can be sold off at a minimum of 60 per cent of their value to shops listed by customs instead of being kept on hold for sale by Bangladesh Parjatan Corporation. 

With people in many parts of Europe facing heatwave, longer than usual dry summers and runaway inflation, denim makers in Bangladesh are feeling the pinch. 

Businesses have to wait 11 days and six hours to have their cargo released after their arrival at seaports, according to the Time Release Study (TRS) 2022 of the National Board of Revenue. 

Bangladesh Bank yesterday asked banks to reduce use of electricity and energy consumption as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market. 

Bangladesh’s foreign exchange reserves recently dipped below $39 billion due to high import payments.

Nagad, a mobile financial service provider of the Bangladesh Postal Department, launched a new 11 Nagad-Sheba points at different districts across the country.

Refrigerator brand Konka recently won the “2022 Peace of Mind Award” at the fifth Yunfeng Conference organised by the Interface News of Shanghai Newspaper Group.

After raising interest rates for the first time in over a decade at their last meeting, European Central Bank policymakers are poised to deliver another bumper hike on Thursday in a show of determination to tame soaring inflation.

Stocks continued to drop for a second consecutive trading day yesterday as general investors rushed to rake in profits by selling shares. 

The Bangladesh Financial Intelligence Unit (BFIU) today asked banks to provide detailed information of accounts and transactions of Tabith M Awal along with three of his family members.

Bangladesh Bank today asked banks to reduce use of electricity and energy as part of the austerity measures taken by the government to contain the volatility in the foreign exchange market.

Stocks in Bangladesh continued to fall today for the second consecutive day when the turnover eroded by around 40 per cent.

Most shares on the Chittagong Stock Exchange (CSE) fell today.

Most shares on the Dhaka Stock Exchange (DSE) opened lower today.

The reopening of mills owned by the Bangladesh Textile Mills Corporation (BTMC) under a public-private partnership (PPP) programme is still shrouded in mystery as the private sector’s response remains poor eight years after the prime minister issued a directive in this regard.

Bangladesh recorded robust export earnings riding on the main export earner knitwear and woven garments in the first two months of the current fiscal year.