Taka depreciates, 1 USD now Tk 93.45

The exchange rate of the taka stood at Tk 93.45 per dollar on Tuesday in contrast to Tk 92.95 on Monday.
28 June 2022

Non-banks’ top brass can remain directors of subsidiaries until Dec

The chairmen of non-bank financial institutions along with the heads of executive, audit and risk management committees who hold directorships of associated subsidiaries or foundations will be able to continue to serve in the latter positions until December this year.
28 June 2022

Flexible loan repayment facility for non-banks’ borrowers up to Dec

The borrowers of non-bank financial institutions will enjoy a flexible loan repayment facility up to December this year.
28 June 2022

Stocks rise for second day running

Shares on the Dhaka Stock Exchange (DSE) rose marginally for the second consecutive day today.
28 June 2022

Facts and myths about innovation

The origins of many successful organisations that exist today can be traced back to the nineteenth century or even earlier.
28 June 2022

Padma Bridge to ensure faster internet

Internet users in Dhaka are set to get faster bandwidth thanks to Padma Bridge as the Bangladesh Telecommunications Company Limited (BTCL) has laid fibre-optic cables on its lower deck to reduce the time taken for data to travel between the capital and submarine cable landing station in Kuakata.
28 June 2022

E-commerce helps sapling business bloom

The locals of Kishamot Doshlia village under Gaibandha’s Sadullapur upazila believe it is possible to earn a good amount of foreign currency by exporting different kinds of saplings to Turkey from the otherwise ordinary village.
28 June 2022

‘Mango train’ suspended for lack of cargo

A train service from Chapainawabganj to dedicatedly bring the region’s seasonal bounty of mangoes to Dhaka has been cancelled on running for just 11 days this season.  
28 June 2022

Forex market volatility deepens

Volatility in the country’s foreign exchange market has intensified once again as Bangladesh Bank has commenced tinkering with the exchange rate of the taka against the US dollar.
28 June 2022

When Ctg port goes the extra mile to save Tk 800 crore export cargoes

The Chittagong Port Authority (CPA) has recently saved a severely damaged oceangoing ship, victim of an accident mid sea, which could have caused loss of export cargoes worth Tk 800 crore and block the whole channel for future navigation.
28 June 2022

Garment export order falls 20pc as inflation, war bite

Work orders to the garment sector in Bangladesh fell by more than 20 per cent for the September and November season as consumers in the western world are tightening their belts owing to blistering inflation and deepening uncertainty caused by the Russia-Ukraine war. 
28 June 2022

Turnover jumps as stocks close in positive territory

Shares on the Dhaka Stock Exchange (DSE) closed in positive territory yesterday riding on bargain-hunters who showed some buying interest despite persisting macroeconomic uncertainty.  
27 June 2022

NBFIs asked again to form cells for client complaints

Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) to form “complaint cells” at both their head offices and branches so as to resolve complaints of clients. 
27 June 2022

Prime Bank signs deal for healthcare discounts in UAE

Prime Bank signed a memorandum of understanding with healthcare service provider Response Plus Holding PJSC recently enabling discounts for the bank’s “monarch” clients at Burjeel Hospital and Tajmeel centres in United Arab Emirates. 
27 June 2022

Non-banks asked to form complaint cells at headquarters, branches

The Bangladesh Bank today asked non-bank financial institutions to form ‘complaint cell’ at their head offices and branches to resolve the complaints of clients.
27 June 2022

Inflation might last for two years: World Bank chief

World Bank Group President David Malpass thinks it might take years to get prices back under control as the US and other economies face inflation rates not seen in decades.
27 June 2022

Dhaka stocks close in positive territory 

Shares on the Dhaka Stock Exchange (DSE) ended in the positive territory today.
27 June 2022

Dhaka stocks return to black

Shares on the Dhaka Stock Exchange (DSE) opened higher today.
27 June 2022

Padma Bridge to strengthen Patuakhali’s fishing industry

Patuakhali, a southern district on the shores of the Bay of Bengal, annually produces about 1.23 lakh tonnes of fish, of which 36,000 tonnes are consumed locally while the remainder is sold in different parts of the country.
27 June 2022

Rethinking SMEs

The consequence of Covid-19 is not only limited to human health and well-being; the economy has been disrupted in a massive way.
27 June 2022