The liquidity crisis in the sector worsened significantly in 2024, with only 57 percent of insurance claims being settled,

Around a dozen banks are currently struggling to repay depositors, eroding public trust

The DSEX gained 2.83 points to 4,692.35 as of 11:16 am

The Bangladesh Bank issued the licence on June 2

Additionally, a reduction in customs duty rates from 10 to 3 percent was proposed on all types of jet fuel and aviation spirits which is expected to reduce airfares and stimulate passenger growth, particularly for domestic carriers

Inflation hit 9.05% in May

Economist Dr Mustafa K Mujeri has urged the government to place its main emphasis on reducing of societal inequality in the forthcoming national budget for the fiscal year 2025-26..He made the call during a pre-budget discussion titled “National Budget for FY2025-2026: A Pre-Budget Discuss

The decision was made at a meeting of the Lama Upazila Natural Disaster Preparedness Committee yesterday

Bangladesh recorded a sharp rise in remittance inflows in May, as migrant workers sent more money home in the run-up to Eid-ul-Azha, which falls in early June.

Rupali Bank PLC's profit plummeted in 2024 due to declining operating income.

IFIC Bank PLC reported losses in 2024 compared to a profit in the previous year, due to lower interest spreads and deteriorating asset quality, according to a price-sensitive information disclosure by the bank.

The Forum panel has won the biennial election of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), according to the final results announced by the election commission.

The interim government is likely to impose a 10 percent supplementary duty on over-the-top (OTT) platform services in the upcoming budget for the fiscal year 2025-26 — a move that is expected to raise consumer costs and increase spending on paid streaming services.

The government is expected to hike import duty on motors, which in recent times have been used to run modified three-wheeler rickshaws, to discourage their use and contain the proliferation of the locally developed electric vehicle.

Bangladesh’s public spending as a share of gross domestic product (GDP) is the lowest among nations on course to graduate from the least developed country (LDC) club.

HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets.

The banking sector is currently going through one of its worst times. People are suffering, with some even failing to withdraw their own money, causing immense distress.

The interim government is likely to retain the opportunity to invest undeclared wealth, commonly known as black money, in the real estate sector, albeit with a sharp increase in associated tax rates.

Chinese investors have shown interest in strategic sectors in Bangladesh — including textiles, renewable energy, electronics, and agribusiness — signalling a new phase of bilateral investment cooperation, according to the Bangladesh Investment Development Authority (Bida)..The interest was

Bangladesh and South Korea are expected to sign an economic partnership agreement (EPA) at the end of this year, said Commerce Secretary Mahbubur Rahman yesterday..The first round of talks will start at the end of July in Dhaka and around six to seven rounds of negotiations will take place