Ailing lender Islami Bank recently announced that it planned to raise a total of Tk 20,000 crore using two methods: Tk 10,000 crore would be realised by selling the stake that S Alam Group holds in the lender and the rest would be made up through the issuance of new shares.

Container ships are being able to berth and load and unload cargo faster upon arrival at the Chattogram port nowadays, thanks to the gradual easing of an acute congestion that had been created in July and August.

The recent downgrade of Bangladesh ratings by Moody’s does not appropriately reflect the positive changes in political and economic areas following the mass uprising that ousted the Awami League-led government and led to the installation of an interim government, the Bangladesh Bank (BB) said.

Aminur Rahman was excited after hearing that the company he had invested in had recently been upgraded to A-category. Anticipating price gains, he rushed to his brokerage house, only to be met with disappointing news: he was unable to trade.

The interim government will import another 50,000 tonnes of rice from India to increase the country’s food stocks..Finance Adviser Salehuddin Ahmed approved a proposal in this regard at a meeting of a government advisory committee on purchase at Bangladesh Secretariat yesterday..The

The HC bench of Justice Fatema Najib and Justice Sikder Mahmudur Razi issued the order on Tuesday after hearing a writ petition filed by 11 lighter vessel-owning firms.

Of the traded shares, 129 advanced, 154 declined, and 87 remained unchanged. 

Monno Ceramic Industries Ltd, one of the leading ceramic tableware manufacturers of the country, saw its profit drop significantly year-on-year in the first quarter of the current fiscal year.

Doreen Power Generations and Systems has witnessed a year-on-year drop in its profit in the first quarter of the current fiscal year, reasoning that its power plants had been shut down and costs had soared.

The interim government of Bangladesh has allowed 277 private entities to import 14.81 lakh tonnes of rice as it looks to contain domestic prices of the staple grain by increasing stocks..Of the total, 10.65 lakh tonnes will be boiled rice while the rest will be sunned rice, according to do

Major indexes of the stock markets in Bangladesh rose marginally yesterday, snapping a three-day losing streak, as investors cautiously traded shares amidst intense political and economic uncertainties..Recent news over the downgrading of the country’s sovereign rating by Moody’s and the b

The United States could impose nearly 40 percent tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world’s second-biggest economy by up to 1 percentage point.

Bangladesh will focus on properly setting up one economic zone, offering all amenities and utilities and complying with environmental standards, instead of 100, according to Ashik Chowdhury, executive chairman of the Bangladesh Economic Zones Authority (Beza).

Bangladesh Bank (BB) has doubled the limit for the endorsement of foreign currencies at money exchange houses for travels abroad.

The government will lend Tk 60 crore to Beximco from the national budget in a bid to help the troubled conglomerate clear wages for the month of October.

Social Islami Bank PLC stands out among crisis-hit banks with no “untraceable” loans, a factor that will catalyse its swift recovery, according to M Sadiqul Islam, the new chairman of the Shariah-based lender.

When most non-bank financial institutions (NBFIs) in Bangladesh are in hot water with high ratios of non-performing loan (NPL), a handful have been successfully able to keep the rate low.

Moody’s has downgraded Bangladesh’s banking sector to “very weak” from “weak”, citing worsening client confidence, limited transparency and inadequate financial safeguards over the past year.

“Depositors kept their hard-earned money in banks so efforts will continue in order to ensure that deposits are unaffected,” he added.

Of the traded shares, 213 advanced, 89 declined, and 67 remained unchanged