Bank Asia has been awarded a “Certificate of Appreciation” by Bangladesh Bank for its significant disbursement of stimulus loan under the special refinancing scheme of Tk 5,000 crore in agriculture sector.

Stocks in Bangladesh tumbled for the seventh straight day today, causing concerns among the general investors.

Online job postings have continued to be made in large numbers in the past eight months since September last year, sometimes even surpassing pre-pandemic levels, seeking manpower in garments, marketing, IT and logistics as fears over the virus subsided.

Yusuf Ali, a mango grower in Chapainawabganj, did not benefit much despite having an ample yield last year as the price of the popular fruit was unusually low due to the lockdown-induced disruption.

When his children ask Russel Shaikh why there is no meat and even fish in their meals, he has no answer. This is because he simply has no choice as soaring prices of essential commodities and the rising cost of living have hit hard the pockets of the low-income people like him.

Inflation shot up to 6.29 percent in April – highest in 18 months – amid persistently high food prices and non-food prices, said Bangladesh Bureau of Statistics (BBS) last evening (May 18, 2022).

Bank Asia Ltd has signed an agreement with Guardian Life Insurance Ltd for the group health insurance of Bank Asia Employees.

Brac Bank achieved a milestone of setting up its 750th agent banking outlet when they inaugurated the Pobnartek Agent Banking Outlet in Ashulia on May 16.

The Bangladesh Textiles Mills Association (BTMA) has urged the government to withdraw the recent proposal for increasing the price of gas.

Shares on the Dhaka Stock Exchange suffered another massive fall yesterday sending the key index to a 10-month low as investors are increasingly growing edgy about the economy’s worsening health. 

The National Board of Revenue (NBR) and Institute of Chartered Accountants of Bangladesh (ICAB) had teamed up on November 12, 2020, to curb the scope for submitting fake audited financial statements.

Bangladesh Bank yesterday further relaxed the rules for availing loans from its pre-shipment refinance scheme to the tune of Tk 5,000 crore in a bid to help exporters smoothly produce their goods.

Ensuring good governance and easing liquidity sourcing are necessary to bring back the good days for the non-bank financial institutions (NBFI), said experts yesterday.

Bangladesh Bank officials and employees will not be able to make any kind of foreign trips from now on except for some emergency purposes as part of the central bank’s efforts to prevent the foreign currency reserves from sliding further. 

The ICT Division and the World Bank will work jointly to build ICT infrastructure in Bangladesh to take the economic development to the next stage, said Junaid Kamal Ahmad, a vice president of the World Bank.

The 18th session which is also the budget session of the 11th parliament will begin on June 5.

Stocks continued to bleed today for the sixth consecutive day as the investors have been suffering from a lack of confidence because of the forex market volatility.

Shares on the Dhaka Stock Exchange (DSE) dropped for the fifth consecutive day yesterday after averting another big fall thanks to the support from some institutional investors in the last hour.

Ukraine and Russia, known as “the breadbasket of Europe”, are the major exporters of the world’s basic foods. Both countries export approximately one-quarter of wheat, more than three-quarters of sunflower oil and one-sixth of corn.

Small and light engineering industries in Saidpur have helped the railway town emerge as a hub for producing valuable machinery and spare parts consumed by various sectors, thus cutting dependence on imports, saving foreign currencies and generating jobs for thousands.