S&P keeps BB- rating unchanged for Bangladesh

Global rating agency Standard and Poor’s today maintained its long-held BB- rating for Bangladesh despite the ongoing volatility in the country’s external sector.
25 August 2022, 15:13 PM

Daraz to invest Tk 1,000 crore in Bangladesh in 4 years

Daraz intends to invest Tk 1,000 crore in Bangladesh in the next 3-4 years to ramp up its operation by building infrastructure and ecosystem, the Alibaba Group-backed e-commerce venture said today.
25 August 2022, 14:19 PM

24 global banks to accept Bangladeshi LC to import Russian food grain

Twenty-four global banks have agreed to accept the letters of credit (LCs) from Bangladesh to import food items from Russia and Ukraine in US dollar -- a big sigh of relief as it will play a big role in cutting food prices in local market.
25 August 2022, 13:47 PM

Data sharing among banks can boost financial inclusion: experts

Open banking, which allows sharing data among banks, financial institutions and fintech with customers’ consent, can further enable financial inclusion and easier access to financing for small and medium enterprises (SMEs), experts said today.
25 August 2022, 12:24 PM

Tk 2 lakh collateral-free loans for small wheat, maize farmers

Landless, small and marginal farmers as well as share-croppers in Bangladesh could be given loans up to Tk 2 lakh without any collateral under the central bank’s Tk 1,000 crore refinance scheme aimed at boosting wheat and maize production.
25 August 2022, 10:55 AM

Ansell is accused of 'knowingly profiting' off the labour of slaves. Shuvo is one of them

Shuvo and 12 other people who worked at that glove factory are now seeking compensation from Ansell for what allegedly happened to them there.
24 August 2022, 06:15 AM

DSE managing director resigns

Dhaka Stock Exchange Managing Director Tarique Amin Bhuiyan has resigned from his position, said a top official of the prime bourse of Bangladesh today.
23 August 2022, 16:00 PM

Uber expands moto service to 20 cities

Global ridesharing giant Uber today announced that it expanded its services to 20 cities, spread across all 8 divisions in Bangladesh.
23 August 2022, 12:11 PM

Stocks continue rising

Stocks continued to rise for the six consecutive day today as the investors are now expecting a bull run in the days to come.
23 August 2022, 11:26 AM

Former Robi CEO Mahtab files Tk 227 crore suit against Robi

Mahtab Uddin Ahmed, former managing director and chief executive officer (CEO) of Robi Axiata, has filed a suit against the telecom operator, its board chairman and former group CEO seeking Tk 227 crore in retirement benefits and damages for 'wrongful dismissal'.
23 August 2022, 10:42 AM

Optimum Solution gets payment system operator licence

Optimum Solution & Services Ltd has received a licence from the Bangladesh Bank to operate as a payment system operator (PSO).
23 August 2022, 10:16 AM

‘Dealers to lose licence for artificial fertiliser crisis’

The dealers will lose trade licence if they try to create fertiliser crisis in the country, as Bangladesh has enough stock of it to meet its demand until January next year, Agriculture Minister Muhammad Abdur Razzaque said today.
22 August 2022, 14:56 PM

Punish egg price manipulators: FBCCI

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged the government to take punitive measures against the egg price manipulators.
22 August 2022, 13:13 PM

Canada-China company to invest $91 million in Ishwardi EPZ

Big Dipper Textile Mills Ltd, a company jointly owned by Canada and China, will set up a textile industry in Ishwardi Export Processing Zone (IEPZ) with an investment of $91.15 million.
22 August 2022, 12:34 PM

Stock turnover hits seven-month high

Turnover at the Dhaka Stock Exchange (DSE) soared around 40 per cent today to hit a seven-month high of Tk 1,477 crore thanks to the increased participation of general investors.
22 August 2022, 11:10 AM

BFIU seeks loan info about SBAC Bank chair

The Bangladesh Financial Intelligence Unit (BFIU) has asked banks to furnish it with loan information of South Bangla Agriculture and Commerce Bank Chairman Abdul Kadir Molla.
21 August 2022, 17:00 PM

ICDs raise export container handling tariff by 25%

The owners of private inland container depots (ICDs) raised tariffs for handling export laden containers by 25 per cent due to price hike of the diesel.
21 August 2022, 14:30 PM

‘Inflationary pressure won’t ease soon’

The inflationary pressure in Bangladesh will not ease anytime soon as the commodity prices will continue to spiral in the days to come, experts said today.
21 August 2022, 14:09 PM

Courier, logistics services providers demand sector-friendly law

The courier and logistics services providers today urged the government to form a business-friendly law for the sector.
20 August 2022, 16:42 PM

Ctg port advances three notches in Lloyd’s List of busiest container ports

Chattogram port has advanced three steps in a year to become world’s 64th busiest port in terms of annual throughput of containers in 2021.
18 August 2022, 15:21 PM