Fixing the economy: BB drawing up roadmap to tackle 3 key challenges
Bangladesh Bank is preparing a roadmap for the next government to address the three major issues of exchange rate instability, high inflation and high defaulted loan ratio bearing upon the economy.
25 October 2023, 18:00 PM
Mend politics to recover from downturn
Bangladesh’s economy is facing a tough time owing to depleting foreign exchange reserves and persistently higher inflation.
25 October 2023, 01:30 AM
MTB working to be a world-class bank
Mutual Trust Bank is working to be a world-class lender that will be a topper in every aspect of banking services, said Syed Mahbubur Rahman, managing director of the bank.
22 October 2023, 18:00 PM
Delaying key measures may prove costly for economy
In the past 18 months, Bangladesh has largely failed to take appropriate measures to curb higher inflation and reverse the fall of foreign currency reserves, both at the heart of the country’s persisting economic plight.
22 October 2023, 01:00 AM
Walton's sales, profits drop
Sales and profits of local electronics giant Walton Hi-tech Industries plunged in fiscal year 2022-23, mainly due to the sluggish macroeconomic scenario brought on by the war between Russia and Ukraine.
16 October 2023, 17:58 PM
BSEC measures to prop up stocks backfiring
The main index of the stock market in Bangladesh has been hovering around 6,300 for the past year, with many shares remaining unsold amid scant investor participation, according to market analysts..Besides, only junk stocks are performing well thanks to the prevalence of rumour-based tradi
15 October 2023, 01:00 AM
Sincerity should matter, not failure
The government’s sincerity in bringing in reforms set by the International Monetary Fund should matter rather than its failure to meet a couple of targets set, said Finance Minister AHM Mustafa Kamal.
14 October 2023, 18:00 PM
BB raises policy rate at sharpest pace in a decade
Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce
5 October 2023, 00:38 AM
No cheer from export and remittance
The strain on dollar stockpile intensified last month after remittance inflows crashed to a 41-month low and export receipts missed target.
1 October 2023, 18:00 PM
‘BB governor worse performer than 70 countries’ central bank chiefs’
New York-based Global Finance magazine finds, reviews performance of central bank chiefs of 102 countries.
26 September 2023, 19:28 PM
Will price controls work to tame inflation?
A persistently higher inflation for more than a year has hit the low-income, the poor and the fixed-income people in Bangladesh hard, significantly eroding their purchasing power.
21 September 2023, 01:00 AM
Banks’ lending slows for liquidity crunch
The banking sector’s lending growth squeezed in the April to June quarter owing to a shortage of liquidity at most banks and their unwillingness to extend credits to borrowers already struggling to pay back, official figures showed.
20 September 2023, 01:00 AM
Little-known Himadri’s stocks most expensive
Although Reckitt Benckiser (Bangladesh) PLC, with renowned household brands such as Mortein, Dettol and Harpic, is light years ahead of little-known cold storage Himadri Ltd in terms of business performance, their stocks prices belie the real scenario.
19 September 2023, 00:30 AM
Ahead in numbers, not in service, reach
The number of banks, insurance companies, brokerage firms, and merchant banks is much higher in Bangladesh than in many other countries at a similar level of development or having a similar size of population and economy.
18 September 2023, 00:00 AM
Growing debt servicing now puts pressure on forex reserves
The cost of debt servicing has risen significantly amid a higher flow of loans from development partners and an elevated level of interest payments, compounding pressure on the foreign currency reserve of Bangladesh, official figures showed.
17 September 2023, 00:00 AM
The path to green projects: Borrowers’ experiences and insights
Many entrepreneurs are interested in making their projects greener, thanks to higher sustainable financing from both banks and non-bank financial institutions year after year.
16 September 2023, 18:00 PM
Margin loans hit pockets of investors
Tanvir Islam, a banker, has invested Tk 17 lakh in the stock market since he started trading on the Dhaka Stock Exchange (DSE) a decade ago.
10 September 2023, 00:00 AM
BSEC finalising rules to set up commodity exchange
The Bangladesh Securities and Exchange Commission (BSEC) is finalising a draft of rules regarding the commodity exchange on availing opinions from stakeholders with hopes that the first-ever exchange can be launched within a couple of months.
6 September 2023, 00:00 AM
Everything that's wrong with our stock market right now
Only two years ago, Bangladesh's stock market was termed 'hidden gem.'
5 September 2023, 14:00 PM
Investors barely show interest in bank, NBFI stocks
Investors are hardly showing any interest to buy stocks of banks mainly due to the sector’s key indicators portraying a gloomy outlook.
4 September 2023, 00:00 AM