Dutch-Bangla Bank’s services to remain suspended temporarily

Core banking will be unavailable from Jan 1-5 next year and agent banking from Dec 30 to Jan 5
4 December 2024

PDB can save $1.2 billion a year by fixing core problems: IEEFA

The global energy think-tank suggested shifting half of Bangladesh’s existing industrial demand to the grid
4 December 2024

Stocks rise for a second day

The stock markets in Bangladesh rose for a second consecutive trading day yesterday as investors poured fresh funds for select shares to quickly gain short-term profits amidst price movements..Shares of companies like Square Pharmaceuticals, Grameenphone, Robi Axiata, Saif Powertec, Renata
3 December 2024

$6 billion foreign loan commitments may come by June: finance adviser

The commitments will come from multiple sources, including World Bank, IMF, ADB, Opec
3 December 2024

Roadmap is there to implement ILO conventions: commerce adviser

EU Ambassador Michael Miller calls on the adviser
3 December 2024

Chevron to invest in new gas exploration in Bangladesh

The energy giant thanks the interim government for starting to clear overdue payments
3 December 2024

Moody’s told outdated story of Bangladesh

Moody's Ratings is narrating an outdated story of Bangladesh, not the updated one, said Bangladesh Bank Governor Ahsan H Mansur in a webinar yesterday.
2 December 2024

Govt may cut GDP growth projection to 5.25% this fiscal year

The interim government of Bangladesh will likely revise the country’s projection of gross domestic product (GDP) growth to 5.25 percent from 6.75 percent for the current fiscal year of 2024-25..This issue was discussed at a fiscal coordination council meeting chaired by Finance Adviser Sal
2 December 2024

BTRC lifts bar on local cache for faster internet

The Bangladesh Telecommunication Regulatory Commission (BTRC) yesterday repealed a directive it had passed in 2021 restricting small and medium-sized internet service providers (ISPs) from installing cache servers for their network..This policy reversal is expected to enhance internet spee
2 December 2024

Stocks rise after two-day fall

The indices of the stock market in Bangladesh rose yesterday after falling for two consecutive trading days as investors poured funds on low-priced shares to pocket short-term gains amid price swings..The rise was led by an increase in share prices of companies like Islami Bank Bangladesh,
2 December 2024

KEPZ decides to fast-track land registration

The chief adviser became the first head of state to preside over a meeting of the KEPZ governing body in nine years
2 December 2024

Janata Bank files Tk 1,964cr default loan case against S Alam Group

Janata Bank filed a case against the industrial conglomerate S Alam Group with the Chattogram Money Loan Court on Sunday over defaulted loans amounting to Tk 1,964 crore..Chattogram Money Loan Court Magistrate Mujahidur Rahman issued an embargo on the transfer of about 7.43 crore shares of
1 December 2024

10 banks are ‘technically bankrupt’: white paper

However, the final draft of the white paper on the state of economy did not disclose the names of the lenders
1 December 2024

Remittance rises 14% in November

However, November’s inflow of $2.2 billion was 8.16% lower than the previous month
1 December 2024

Businesses will now get up to three years for payment: BB

Earlier, industries could import capital machinery under a 360-day usance term
1 December 2024

Cut import taxes on sunflower, canola oil: Tariff Commission

The Bangladesh Trade and Tariff Commission (BTTC) has recommended that the government reduce import taxes on sunflower oil and canola or rapeseed oil to offer a greater range of cooking oils in the markets..At present, crude sunflower oil importers are required to pay a total of 31 percent
30 November 2024

Businesses voice concern over state of law and order

Power crises are also making things extremely difficult, they say at DCCI conference
30 November 2024

Germany to provide €180m for cooperation projects

Germany will provide around €180.81 million (approximately Tk 2,265 crore) for bilateral development cooperation projects in Bangladesh that focus on a number of mutually agreed core areas..Of the total support, €45.8 million will be in the form of technical cooperation and the rest in the
28 November 2024

National Bank recovers Tk 900cr bad loans till Oct

National Bank has been able to recover about Tk 900 crore of defaulted loans as of October and initiatives are underway to recover another Tk 400 crore by this year, said its chairman, Abdul Awal Mintoo, yesterday. .He was addressing a press conference at its head office in the capital’s
28 November 2024

Deal signed for 181 million euro German financial, technical cooperation support

45.8 million euro will come as technical cooperation and 135 million euro as financial support
28 November 2024