Private sector credit growth in Bangladesh accelerated to a four-year high of 13.66 per cent last fiscal year from what was in the preceding year. 

The government is expecting $2.5-3 billion by June next year from multilateral lenders other than the International Monetary Fund to help the Bangladesh economy weather the storm caused by the Ukraine war.

The country’s apex trade body yesterday called on the central bank to beef up its monitoring of private commercial banks, financial institutions and money changers to check the anomalies in the international currency exchange business. 

The 9 per cent regulatory cap on interest rates should be lifted in a bid to achieve the credit growth target of the Bangladesh Bank, said a number of officials of several banks. 

Shares on the Dhaka Stock Exchange (DSE) suffered another decline yesterday, sending the market to more than a 13-month low, highlighting investors’ continued worry about the volatility facing the economy owing to the global crisis.  

It is small wonder what happens when a politically-backed chief executive officer of a government construction company gets rewarded for his political affiliation by getting appointed as the top executive in a multinational company (MNC) of a technical and digital nature. 

The Association of Bankers, Bangladesh (ABB) yesterday urged the central bank to make the inter-bank foreign exchange market vibrant in order to ease the ongoing forex pressure in the financial sector. 

The Bangladesh Securities and Exchange Commission (BSEC) has again set the floor price of every stock to halt the free fall of the market indices amidst global economic uncertainties that have impacted Bangladesh’s economic indicators in the last couple of months. 

In a bid to contain the current volatility in exchange rates, the Bangladesh Bank yesterday went further to scrutinise imports of up to $3 million.

As a partner bank, Bank Asia signed agreement with SME Foundation to receive revolving fund under Stimulus Package for distributing among SME entrepreneurs.

The Padma Bridge would boost the growth of the gross domestic product of Bangladesh by 1.2 per cent to 1.5 per cent, said speakers at a programme on Wednesday. 

The Bangladesh Shop Owners Association yesterday urged the government to end load-shedding for the sake of small and micro enterprises.

Garment makers yesterday sent their first export consignment from  Mongla Port directly to their export destinations -- a significant development for the country’s apparel shipment.

The index of the SME board in Dhaka Stock Exchange (DSE) dropped over 5 per cent yesterday after the Bangladesh Securities and Exchange Commission (BSEC) tightened one condition for trading shares on the board. 

Banks’ financing to the agriculture sector soared 13 per cent year-on-year to Tk 28,391 crore in the fiscal year 2021-22, exceeding their targets set by Bangladesh Bank.

The jewellers have decided to increase gold prices by Tk 2,741 per bhori from tomorrow.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today urged the central bank governor for conducting strong monitoring in private commercial banks and financial institutions to check the anomalies in currency exchange business.

Banglalink wins with a score of 10 Mbps, 1.2 Mbps ahead of second placed Grameenphone, while Robi and TeleTalk are in third and fourth place, respectively, with scores of 6.8 Mbps and 4.4 Mbps respectively, according to the report.

The stock market regulator has set floor price again in a bid to halt freefall of the stock market indices amid a global economic meltdown that had impacted Bangladesh’s economic indicators in the last few months.

Bangladesh wants easy and cheap cotton from Uzbekistan to boost trade relations between the two countries, Senior Commerce Secretary Tapan Kanti Ghosh said today.