Bangladesh, the world’s second-largest garment producer, has opted to bypass India and ship its textiles to global markets through the Maldives, hurting the cargo revenue prospects of India’s airports and ports amid strained bilateral ties, reports Mint.

The share prices of Sea Pearl Beach Resort and Spa Limited soared from Tk 60 to Tk 320 on the Dhaka Stock Exchange (DSE) within just one year after frenzied speculation in 2023 that a foreign investor would buy a significant stake in the company.

United Commercial Bank (UCB) has forced 40 officials, including an additional managing director (AMD), a deputy managing director (DMD) and five general managers, to resign over their alleged involvement in irregularities.

Bangladesh Bank recommends 17 cyber security measures for banks

The association also outlines roadmap for reforms, elections

TIB executive director said at ERF event

Its cash flow declined sharply in the first nine months of 2024 

At least nine people were arrested over clashes between police, army personnel, and demonstrating RMG workers in the capital’s Kachukhet and Mirpur-14 areas on Thursday.

India’s Adani Power Jharkhand Limited has halved its power supply to Bangladesh, saying it has yet to receive outstanding bills.

The stock markets in Bangladesh maintained an upward trend for a third consecutive day yesterday as investors cautiously traded on select shares amidst optimism over regulatory measures..Insiders and market analysts said a section of investors was optimistic over the latest market trends,

Facebook owner Meta saw net income and revenues top expectations on Wednesday as the company said it would expand investments into artificial intelligence, drawing nervousness from investors.

Motivating employees is tantamount to convincing a fish to walk. While managers shout, “reach for excellence!” we reach for a cup of tea after braving Dhaka traffic to work. They say, “think big!” but our minds are counting down to the next public holiday. And “give it your best!” sounds great until someone realises “the best” had left at 5:30pm sharp. Let’s face it, the only motivation that really works here is Thursday afternoon, when we clock out and finally escape the inspiration overload!

The Bangladesh Bank (BB) yesterday removed the cap on interest rates for Resident Foreign Currency Deposit (RFCD) accounts, allowing banks to set their own rates.

Transportation of imported cargo from the Chattogram port to different parts of the country through inland water routes may face disruptions as disputes among lighter vessel owners’ organisations over managing the trade has intensified.

Poor financial and digital literacy among garment workers in Bangladesh coupled with a lack of supportive policies and related data are the main barriers for improving financial inclusion for this segment, according to experts.

Islami Bank Bangladesh PLC incurred a loss of Tk 89 crore in the third quarter of 2024, a first in the past couple of decades, due mainly to the necessity of retaining high provisioning against classified loans.

A large chunk of a Tk 10,000 crore central bank fund, meant for financing raw material imports for export orders, remains stuck with four crisis-hit banks, according to Bangladesh Bank officials.

Crisis-hit Social Islami Bank has terminated 579 probationary officers who were allegedly appointed illegally by Chattogram-based conglomerate S Alam group..The human resource department of the Shariah-based lender sent letters to the 579 officers on Thursday, informing them that their ser

The BB governor took the charge at the 46th Saarc Finance Governors' Group Meeting held in Washington on October 24

60 officials of BFIU, Bangladesh Police, NBR, ACC, BSEC and the Department of Narcotics Control will receive the training