Rokia elected chairman of Midas Financing

Rokia Afzal Rahman has recently been elected chairman of the board of directors of Midas Financing Ltd, one of the leading non-bank financial institutions in Bangladesh.
31 March 2021, 18:00 PM

IDLC approves 20pc dividend for 2020

IDLC Finance yesterday approved 15 per cent cash and 5 per cent stock dividends for 2020 at its 36th annual general meeting held virtually in compliance with directives of the Bangladesh Securities and Exchange Commission.
31 March 2021, 18:00 PM

Another 3 months to disburse farm stimulus

Bangladesh Bank yesterday extended the deadline to disburse the Tk 5,000 crore stimulus package for entrepreneurs in the farm sector by another three months following lacklustre lending.
31 March 2021, 18:00 PM

Mastercard launches ‘The Grand Escape’

Global payment technology company Mastercard has launched “The Grand Escape” campaign marking Pohela Boishakh and Ramadan.
31 March 2021, 18:00 PM

Implement health guidelines

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday asked its members to implement staggered shift patterns in order to contain the spread of Covid-19 amid the ongoing second wave.
31 March 2021, 18:00 PM

Jamuna Bank gets new DMD

Jamuna Bank has recently witnessed the appointment of a deputy managing director.
31 March 2021, 18:00 PM

WB now sees 5.6pc GDP growth

Bangladesh’s gross domestic product (GDP) may grow by as high as 5.6 per cent in the current fiscal year, subject to three factors, said the World Bank yesterday.
31 March 2021, 18:00 PM

Eurozone inflation keeps rising as energy prices jump

Eurozone consumer prices rose in March, official data showed on Wednesday, fuelled by a sudden jump in energy prices and a pick-up in activity despite the lingering pandemic in Europe. Inflation in the 19 countries that use the euro reached 1.3 per cent, up from 0.9 per cent in February, the EU’s Eurostat agency said.
31 March 2021, 18:00 PM

German job market rides out virus spike

Germany’s unemployment rate held steady in March at six percent for the third month in a row, the federal labour agency said Wednesday, despite a sharp rise in coronavirus infections.
31 March 2021, 18:00 PM

TCB hikes prices of onion, edible oil, sugar for open market sales

Trading Corporation of Bangladesh (TCB) has hiked prices of onion, edible oil and sugar for open market sales ahead of the month of Ramadan.
31 March 2021, 17:24 PM

Telecom services may be disrupted first week of April: BTRC

Bangladesh Telecommunication Regulatory Commission (BTRC) today said mobile phone users may face disruption in getting services from Thursday evening to the next morning as it will reallocate spectrum among mobile operators.
31 March 2021, 17:19 PM

Focus on smart governance, human capital to grow further

American businesses have lauded Bangladesh for its ‘great going’ and they expressed their interest to go for increased investment in the south Asian economy.
31 March 2021, 14:06 PM

Govt to buy another 50,000 tonnes of rice

The cabinet committee on purchase today approved purchase of another 50,000 tonnes of rice from an Indian supplier.
31 March 2021, 11:30 AM

Stocks nosedive due to second wave of the pandemic

The country's stock market nosedived today by 1.76 per cent due to the fear of deterioration of the pandemic situation.
31 March 2021, 09:38 AM

BSEC dissolves board of Fareast Finance

The Bangladesh Securities and Exchange Commission today dissolved the board of directors of Fareast Finance due to its failure of making profits for consecutive four years.
31 March 2021, 08:43 AM

BB forms Tk 500cr fund to help new entrepreneurs start business

The Bangladesh Bank has formed a Tk 500 crore fund in order to help new entrepreneurs aged between 21 and 45 years start businesses.
31 March 2021, 08:37 AM

Startup Bangladesh announces Tk 15cr fund for seven startups

Startup Bangladesh Ltd, flagship venture capital fund of the ICT ministry, announced the first series of investments of Tk 15 crore or $1.75 million to seven startups today.
31 March 2021, 08:04 AM

South Asia set to bounce back but faces fragile recovery: World Bank

South Asia's prospect for an economic rebound is firming up as the area's growth is set to increase by 7.2 per cent in 2021 and 4.4 per cent in 2022, World Bank said in its twice-a-year-regional update today.
31 March 2021, 03:53 AM

Dhaka Bank wins AsiaMoney award

Dhaka Bank has recently been presented a “Best Corporate and Investment Bank of Bangladesh 2021” title by global financial publication AsiaMoney for “comprehensive coverage from corporate clients to investment banking and capital markets” and riding out the pandemic.
30 March 2021, 18:00 PM

SMEs need credit the most

Bangladesh Bank has identified 13 sectors of the economy that have been severely affected by the first wave of the coronavirus pandemic, including travel and tourism, readymade garments, textile and small and medium enterprises.
30 March 2021, 18:00 PM