Gold prices down Tk 1,621 per bhori 

Gold will be marginally cheaper starting today as the Bangladesh Jewellers' Association (Bajus) decided to cut its prices yesterday
2 September 2024, 07:24 AM

Tariff Commission calls for drastic cuts in tariffs on eggs, onions, and potatoes  

The Bangladesh Trade and Tariff Commission (BTTC) has urged the government to significantly reduce tariffs on onions, potatoes, and eggs to bring down prices by boosting the supply of these essential items through imports
2 September 2024, 05:47 AM

Stocks maintain gaining streak for third straight day

Indexes of the stock market in Bangladesh maintained their gaining streak for a third consecutive day yesterday as investors made fresh bets on blue-chip and large-cap shares, gaining confidence from an increase in the circuit breaker’s lower limit..The circuit breaker in the share market
1 September 2024, 18:00 PM

Stock brokers seek review of demutualisation act

The DSE Brokers Association of Bangladesh yesterday urged the government to review the demutualisation act, claiming that it has ultimately turned the prime bourse into “an ineffective institution”. 
1 September 2024, 18:00 PM

Interim govt’s path to financial stability

Following the fall of the Sheikh Hasina-led government on August 5, Bangladesh as a nation finds itself at a critical crossroads. The subsequent political turmoil has left the country’s financial sector in a fragile position, calling for urgent strategic plans and decisive execution of ideas by the interim government. As Bangladesh stands on the brink of graduating from least developed country (LDC) status in 2026, the priorities of the interim government must be clear.
1 September 2024, 18:00 PM

Beza looks to cancel SBG Economic Zone contract

The Bangladesh Economic Zones Authority (Beza) has sought approval from the interim government to terminate an agreement for establishing SBG Economic Zone Ltd inside the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN) in Mirsarai of Chattogram.
1 September 2024, 18:00 PM

Repayment rules relaxed for flood affected small borrowers

Borrowers of agricultural and cottage, micro, small and medium enterprise sectors in the areas affected by recent floods in the country would get relaxed loan repayment facilities, according to a Bangladesh Bank circular yesterday.
1 September 2024, 18:00 PM

Now First Security Islami Bank freed from S Alam’s grip

S Alam Group’s control over First Security Islami Bank Ltd (FSIBL) ended yesterday after Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate. 
1 September 2024, 18:00 PM

Sugar imports slump amid illegal influx

Bangladesh’s sugar imports fell sharply in fiscal year 2023-24 as refiners stayed away from placing orders to foreign buyers in the face of an illegal influx of the sweetener through the borders.
1 September 2024, 18:00 PM

IMF positive about lending additional $3b

The International Monetary Fund (IMF) is positive about lending an additional $3 billion to Bangladesh but the multilateral lender wants to know what reforms the interim government is planning to take.
1 September 2024, 18:00 PM

Remittances jumped 39% in August

Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1 September 2024, 18:00 PM

Now First Security Islami Bank freed from S Alam Group

S Alam Group's control over First Security Islami Bank Ltd (FSIBL) ended today after the Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate..The central bank dissolved the previous 11-mem
1 September 2024, 15:19 PM

Regulator opens probe into Beximco’s sukuk, bonds in new blow to Salman F Rahman

The bonds are Beximco Green Sukuk Al Istisna and IFIC Guaranteed Sreepur Township Green Zero Coupon Bond.
1 September 2024, 13:53 PM

BGMEA seeks IndustriALL support to prevent labour unrest

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought the cooperation of the IndustriALL Bangladesh Council (IBC) leaders to ensure that there is no labour unrest.
1 September 2024, 12:50 PM

Remittances jumped 39% in August

Remittances sent by migrant workers and Bangladeshis living abroad soared nearly 39 percent year-on-year to 2.2 billion in August, the first month of the interim government.</p><p>Remittance inflows were $1.6 billion in the same month of the previous year, according to Bangladesh Bank data.
1 September 2024, 12:08 PM

Mobile subscriber numbers drop significantly in July

The number of mobile subscribers in Bangladesh has dropped significantly in July, as all the operators lost customers. .The overall number of mobile subscribers is calculated based on the purchase of new SIMs (subscriber identity modules) minus the number of SIMs whose ownership have beco
31 August 2024, 18:00 PM

Govt may trim budget by Tk 100,000cr

The interim government is planning to revise the national budget for the current fiscal year urgently and cut “wasteful expenditures” in order to alleviate the pressure on the foreign currency reserves and tame persistent inflation.
31 August 2024, 18:00 PM

How Islami Bank was taken over ‘at gunpoint’

Islami Bank, the largest private bank by deposits in 2017, was a lucrative target for Sheikh Hasina’s cronies when an influential business group with her blessing occupied it by force – a “perfect robbery” in Bangladesh’s banking history.
31 August 2024, 18:00 PM

Can we recover our stolen assets?

Until mid-2010 I was not aware that the immediate past prime minister had a special assistant for stolen asset recovery.
31 August 2024, 18:00 PM

Entrepreneurs show interest to insure factories against attacks

Businesspeople in Bangladesh are becoming interested in sabotage and terrorism insurance following incidents of arson, looting and vandalism at several industrial establishments across the country, according to various insurers.
31 August 2024, 18:00 PM