Tk 25,000 crore refinance scheme unveiled for CMSMEs

Bangladesh Bank today unveiled a Tk 25,000 crore refinance scheme for cottage, micro, small and medium enterprises (CMSMEs).
19 July 2022, 12:54 PM

5,867 complaints against E-orange, only 33 settled so far

Only 33 out of the 5,867 complaints filed against controversial e-commerce platform E-orange as of June this year have so far been settled.
19 July 2022, 12:16 PM

EDF deadline extended for textile millers, garment makers to Dec 31

The Bangladesh Bank today extended the new borrowing limit for the textile millers and garment makers from the Export Development Fund (EDF) until December 31 this year.
19 July 2022, 11:51 AM

5,815 complaints against Evaly in a year, resolved only 353

A total of 10,747 complaints have so far been filed against Evaly and only 4,495 were settled as of June this year, according to the DNCRP.
19 July 2022, 10:53 AM

Chattogram shares bleed for another day

The CASPI, the broader index of the bourse in the port city, closed at 18,066, down 214 points or 1.17 per cent. It gave up 242 points, or 1.3 per cent, on Monday.
19 July 2022, 10:11 AM

Dhaka stocks suffer sharp decline for another day

The DSEX, the benchmark index of the premier bourse in Bangladesh, lost 63.71 points or 1.02 per cent to close at 6,153, the lowest since May 22 this year.
19 July 2022, 09:53 AM

Dhaka stocks fall in early trading

At 1.30 pm, DSEX, the benchmark index of the Dhaka Stock Exchange, lost 82.57 points or 1.32 per cent to 6,134.31, lowest since June 30 last year.
19 July 2022, 08:05 AM

Massive rule relaxation for loan defaulters

The Bangladesh Bank today relaxed the policy for loan rescheduling of defaulted loans grossly, as the defaulters will now get a maximum of eight years to repay term loans instead of the previous two years.
18 July 2022, 15:34 PM

Peyala Cafe opens flagship outlet in Dhaka’s Banani 11

Peyala Café has recently opened its flagship store in Dhaka’s Banani-11, according to a statement released by MGH Restaurants Private Limited, a venture of MGH Group which runs the food and beverage brand Peyala Café.
18 July 2022, 13:59 PM

Incepta introduces Papilovax, vaccine for cervical cancer

The Papilovax vaccine protects against cervical cancer by preventing the HPV virus responsible for cervical cancer.
18 July 2022, 13:29 PM

‘Mutual fund sector should perform better to boost stocks’

The mutual fund sector should perform better as it has failed to play the expected role in developing a strong stock market in Bangladesh, stock market analysts said today.
17 July 2022, 14:54 PM

Govt cuts soybean oil price, now a litre is Tk 185

The government today reduced the retail price of bottled soybean oil by Tk 14 to Tk 185 a litre, down by 7.03 per cent from the Tk 199 per litre thanks to its declining global prices.
17 July 2022, 13:30 PM

StanChart subscribes to Robi’s colocation data centre service for disaster recovery

Under this contract, RedDot Digital will provide managed data centre colocation facility for StanChart’s disaster recovery site.
17 July 2022, 12:27 PM

IMF enquires about Bangladesh’s preparation for LDC graduation

A delegation of the International Monetary Fund (IMF) wanted to know how prepared Bangladesh is for the country’s graduation to a developing nation in 2026.
17 July 2022, 11:47 AM

Smartphone production in Bangladesh falls 50% in May

The smartphone production in the country dropped around 50 per cent month-on-month in May due to rising dollar prices and soaring inflation that led people to tighten their belts.
16 July 2022, 12:55 PM

Nagad launches add-money service from Meghna Bank

People can now transfer money to their Nagad accounts directly from their Meghna Bank accounts.
16 July 2022, 11:05 AM

47 firms given go-ahead to import 73,000 tonnes of rice

The government has given go-ahead to 47 companies to import 73,000 tonnes of rice as part of its ongoing effort to contain food prices in the local market.
16 July 2022, 10:45 AM

World Bank’s $500 million financing for Bangladesh’s disaster preparedness

The World Bank has approved a $500 million credit to help Bangladesh improve disaster preparedness against inland flooding in 14 flood-prone districts benefiting over 1.25 million people.
16 July 2022, 08:40 AM

Banks can now borrow forex from overseas operations

The Bangladesh Bank has allowed, for the first time, the domestic banks to borrow from their offshore banking operations, to settle the import payments of capital machinery, industrial raw materials and imports made by the government.
14 July 2022, 15:21 PM

Banks asked to encash 50% of balance of exporters’ retention quota

Bangladesh Bank has asked banks to encash 50 per cent of the balance held in exporters’ retention quota (ERQ) accounts immediately and revised downwards the limit.
14 July 2022, 15:08 PM