Padma Bank to find ways to return Tk 874cr climate fund

Crisis-ridden Padma Bank will find a way to return around Tk 874 crore to the Bangladesh Climate Change Trust (BCCT) after a new board of directors is formed.
9 November 2024, 18:00 PM

Stocks gain for second week

Stocks in Bangladesh have maintained their upward trend for two weeks straight, with the National Board of Revenue (NBR) recently slashing the capital gains tax.
9 November 2024, 18:00 PM

How AI is redefining the role of accountants

AI is not just an add-on; it is central to his daily work. This marks the beginning of a new era in accounting—one where AI revolutionises not just efficiency, but the entire role of the accountant.
9 November 2024, 11:34 AM

Satellite internet could enhance rural connectivity: Bida executive chairman 

This connectivity could help upskill young people, says Chowdhury Ashik Mahmud Bin Harun
9 November 2024, 10:45 AM

Mutual Trust Bank's profit jumps 8% in Q3

The bank’s profit before provision rose in Jan-Sep 
9 November 2024, 09:54 AM

TCB to sell subsidised foods through smart family cards

57 lakh smart cards have been prepared so far
9 November 2024, 09:14 AM

Stocks gained for second consecutive week 

The cut on capital gains tax by the NBR boosted investor confidence
9 November 2024, 09:10 AM

Troubled Padma Bank to find ways to return climate funds’ Tk 874cr after forming new board

Padma Bank has made no payments to the BCCT since 2016. Rather, in January this year, the bank converted Tk 760 crore into preference shares with an 8-year tenure at an interest rate of 6 percent. 
7 November 2024, 18:49 PM

US firms at China trade fair upbeat on Trump future

American businesses at a major Shanghai trade fair said Thursday they were optimistic about US-China commerce under a second Donald Trump presidency, despite his tough rhetoric on tariffs raising fears of a new trade war.
7 November 2024, 18:00 PM

Address institutional barriers to social insurance scheme

The interim government should address institutional shortcomings, particularly the lack of a dedicated body for the National Social Insurance Scheme (NSIS), said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue (CPD).
7 November 2024, 18:00 PM

Beximco sukuk can now be converted into ordinary shares

Investors who have Beximco Green-Sukuk Al Istisna’a can convert 20 percent of the shukuk to ordinary shares of Beximco Ltd.
7 November 2024, 18:00 PM

Renewable energy push lacks clarity

Bangladesh’s efforts to adopt renewable energy do not have clarity over the goal, and renewable financing has also proved to be largely inadequate, according to a study.
7 November 2024, 18:00 PM

Economy might have expanded in October: PMI

All key economic sectors of Bangladesh witnessed expansions in October, although the country continues to grapple with frequent protests, sluggish improvements in law and order and a slowdown in public administration activities, said the MCCI yesterday. 
7 November 2024, 18:00 PM

Govt to review Bay Terminal project

The interim government will review the Bay Terminal project, the biggest expansion project in the Chattogram port’s history.
7 November 2024, 18:00 PM

Bangladesh to amend labour law by March next year

Bangladesh has committed to amending its labour law by March next year to align it with international standards and meet the 18-point demand raised by workers in September this year.
7 November 2024, 18:00 PM

Private credit growth slows to three-year low

Private sector credit growth decelerated to the slowest pace in three years in September due to uncertainty in the investment environment following the recent political changeover.
7 November 2024, 18:00 PM

Forex reserves cross $20b after 2 months

Reserves were $19.87 billion a week ago
7 November 2024, 15:26 PM

CAAB may adopt more liberal air transport policies

Ethiopian civil aviation chief commends CAAB's role in developing Bangladesh's aviation sector
7 November 2024, 15:11 PM

Garment export to US falls 6.29% in Jan-Sep

Bangladesh shipped $5.41 billion worth of apparels to the American market in the nine months
7 November 2024, 15:06 PM

Jewellers cut gold prices by Tk 3,452 a bhori

From tomorrow, each bhori of 22-carat gold will cost Tk 138,708
7 November 2024, 14:43 PM