Six banks' MDs asked to explain forex market volatility

The Bangladesh Bank yesterday sought explanations from managing directors of six private banks citing their alleged involvement in taking advantage of the volatility in the foreign exchange market to make a super profit.
18 August 2022, 08:36 AM

Unilever Bangladesh wins ‘Asia’s Best Employer Brands 2022’ award

Unilever Bangladesh Limited has won the ‘Asia’s Best Employer Brands 2022’ award given by World HRD Congress.
17 August 2022, 15:50 PM

Money exchange’s margin set at Tk 1.5 for dollar trade

No money changer can now charge over Tk 1.5 against each US dollar while buying and selling the greenback.
17 August 2022, 14:52 PM

Stocks keep rising

Stocks continued to rise for the third consecutive day today while the turnover also maintained an increasing trend.
17 August 2022, 11:47 AM

Why is American dollar so powerful?

Today’s Star Explains will shed light on why only US dollar has so much demand and how the American currency become so powerful as a reserve currency.
16 August 2022, 17:30 PM

FBCCI urges PM to readjust fuel prices

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has urged Prime Minister Sheikh Hasina to readjust fuel prices by withdrawing taxes on petroleum products.
16 August 2022, 13:31 PM

Stocks rise for second day

The stock index rose for the second consecutive day today while the turnover also jumped thanks to the increased participation of the investors.
16 August 2022, 11:31 AM

Beza, China sign deal to build Chinese economic zone in Ctg

Bangladesh Economic Zones Authority has recently teamed up with a state-owned Chinese company to set up Chinese Economic and Industrial Zone (CEIZ) at Chattogram’s Anwara upazila.
15 August 2022, 14:32 PM

Banks asked to set USD spread

The Bangladesh Bank today ordered banks to set a spread between the buying and selling rate of the US dollar in order to restore stability in the foreign exchange market.
14 August 2022, 15:17 PM

Three state banks get new managing directors

The government today appointed new managing directors (MDs) at three state-run banks – Sonail, Agrani and Rupali.
14 August 2022, 15:07 PM

Nonbanks can now calculate stock exposure at cost price

Non-bank financial institutions in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value.
14 August 2022, 13:22 PM

MFS transactions rise 20% in June

Transactions through mobile financial services rose by 19.89 per cent year-on-year to Tk 94,293 crore in June.
14 August 2022, 13:08 PM

91% SMEs still unbanked: CPD research director

Around 91 per cent of the small and medium enterprises (SMEs) are still unbanked although the government has allocated fund for revitalising the small entrepreneurs from the Covid-19 shocks.
14 August 2022, 12:41 PM

bti achieves AA1 credit rating

Leading real estate company Building Technology & Ideas (bti) Ltd has recently received AA1 credit rating from the Credit Rating Agency of Bangladesh (CRAB).
14 August 2022, 12:07 PM

Entrepreneurs demand industry-friendly regulations for digital platforms

Digital, social media and OTT platform entrepreneurs and experts demanded industry-friendly regulation so that this new media can harness the potential of the new avenue of economic opportunities.
13 August 2022, 14:35 PM

Supreme Court asks Dinajpur Chamber to hold fresh election in 5 months

An appellate division bench of the Supreme Court has ordered to cancel the incumbent executive committee of Dinajpur Chamber of Commerce and Industry and hold a fresh election under an administrative committee within five months.
13 August 2022, 14:18 PM

Private inland container depots increase import handling charge by 34%

Owners of private inland container depots (ICDs) has started raising charges for different services specially those run by diesel due to the fuel price hike.
11 August 2022, 15:13 PM

Six banks asked to transfer treasury heads to HR departments

Bangladesh Bank today asked six banks to transfer their treasury heads to human resource departments due to their alleged involvement in destabilising the country’s foreign exchange market.
8 August 2022, 16:07 PM

Bangladesh offers duty benefit to 43 types of Bhutanese goods

The customs authority has withdrawn import duties on 43 types of Bhutanese goods to give them better market access to Bangladesh, according to a notification issued by the National Board of Revenue (NBR) recently.
8 August 2022, 15:18 PM

Record 1,280 cars reach Mongla port in single consignment

The Mongla Port made a new record on August 7 when a Malaysian ship— MV Malaysia Star—reached the port in Bagerhat with 1,280 reconditioned cars from Japan in a single consignment.
8 August 2022, 14:59 PM