Stocks rebound after 5-day losses

Stock markets in Bangladesh rebounded yesterday, snapping a five-day losing streak on the back of an appreciation of banking shares..Shares of banks like Islami Bank Bangladesh, BRAC Bank, City Bank, Pubali Bank and National Bank drew investors the most along with the shares of BAT Banglad
22 August 2024, 18:00 PM

Office gossip: A double-edged sword

In Bangladesh, gossip is a national pastime, both inside and outside the workplace. During tea breaks, or “cha breaks”, employees gather to exchange the latest news, often drifting from work-related topics.
22 August 2024, 18:00 PM

Bangladesh to become major soybean export market

Bangladesh will become a major export market for soybean products as the changing dietary habits of its growing middle-income population are boosting demand, according to an expert on the industry.
22 August 2024, 18:00 PM

FBCCI urges army to beef up security

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has sought cooperation from the army to prevent extortion and strengthen security around industries and business establishments.
22 August 2024, 18:00 PM

BB to hike policy rate by 50 basis points to 9% next week

Bangladesh Bank (BB) is expected to hike the policy rate or repo rate by 50 basis point to 9 percent from the existing 8.50 percent next week to tame skyrocketing inflation.
22 August 2024, 18:00 PM

Govt takes over Nagad

The Bangladesh Post Office (BPO) owns Nagad and it has now been taken over as a government organisation, Bangladesh Bank Governor Ahsan H Mansur said yesterday.
22 August 2024, 18:00 PM

BB forms new board for Islami Bank

The Bangladesh Bank has formed a new board of directors for crisis-hit Islami Bank Bangladesh, appointing five independent directors at the Shariah-based lender.
22 August 2024, 18:00 PM

National Bank gets Mintoo as chairman

Trouble-ridden National Bank Ltd (NBL) yesterday elected Abdul Awal Mintoo, a businessman and vice-chairman of the Bangladesh Nationalist Party, as chairman of its board of directors, a development that came two days after the Bangladesh Bank (BB) dissolved the previous board to protect the interests of depositors.
22 August 2024, 18:00 PM

Govt to speed up foreign aid utilisation

As foreign aid in the pipeline reached nearly $46 billion at the start of this fiscal year, the interim government will take initiatives to utilise those funds to bolster the country’s foreign currency reserves.
22 August 2024, 18:00 PM

BO account of Race Asset’s Chairman Nafeez Sarafat frozen

The Bangladesh Securities and Exchange Commission has suspended all types of trades and transfers of securities of any beneficiary owner’s account of Chowdhury Nafeez Sarafat, chairman of Race Asset Management
22 August 2024, 15:52 PM

Gold price hit record high of Tk 126,006 a bhori 

Bangladesh Jewellers Association (Bajus) today set gold prices at a historic high of Tk 126,006 a bhori and decided to bring it into effect from tomorrow
22 August 2024, 15:07 PM

Banks asked to freeze Mustafa Kamal, Tipu Munshi’s bank accounts

Their accounts will remain frozen for 30 days
22 August 2024, 12:23 PM

Nagad to see change in current board: administrator

CEO post will be abolished, but none will lose job, says Badiuzzaman Dider on first day in office
22 August 2024, 10:57 AM

NBR starts scanning tax records of business tycoons

The Central Intelligence Cell of the NBR will do the work
22 August 2024, 09:29 AM

Interest rates to be hiked by 50 basis points to 9%

The rate will be further raised to 10℅, BB governor tells BBC in an interview
22 August 2024, 08:44 AM

ICT Division asks UNDP to probe its appointments at a2i

The ICT Division has urged the UNDP to conduct a thorough investigation into the allegations brought against certain consultants who were appointed for its Aspire to Innovate (a2i) programme by UNDP Bangladesh..According to a statement issued by the ICT Division, this demand was placed thr
21 August 2024, 18:00 PM

BB appoints administrator at Nagad

The Bangladesh Bank yesterday appointed an administrator to Nagad after one too many allegations of irregularities in the mobile financial service provider’s operations and dealings.
21 August 2024, 18:00 PM

Islami Bank finally freed from S Alam Group

After seven years, S Alam Group’s control over Islami Bank ended yesterday after the Bangladesh Bank decided to dissolve the board of the country’s largest private sector bank that was heavily dominated by individuals linked to the conglomerate.
21 August 2024, 18:00 PM

Euro emerges a winner from market turmoil

The euro is trading at its highest this year against the dollar, emerging as a clear winner from the recent ructions in global currency markets that have unsettled a strong dollar and halted a relentless slide in Japan’s yen.
21 August 2024, 18:00 PM

Stocks fall for fifth day amidst cautious bets

Indexes of share markets in Bangladesh fell for a fifth trading day yesterday as investors made cautious bets only on blue-chip stocks amidst falling prices. 
21 August 2024, 18:00 PM