The stressed loans in the banking sector of Bangladesh will remain elevated even after the central bank tightened the rules for classification of non-performing loans (NPLs), said Moody’s Investors Service.

Prof Shibli Rubayat-Ul Islam says in a meeting with capital market journalists

Public employees’ pay rises 406% in 12 years, a PRI study finds

Seven journalists will be awarded in print, online and television categories

He has over 28 years of professional experience

The subscription of the Beximco 1st Unsecured Zero-Coupon Bond worth Tk 1,500 crore started on April 28 and the first tranche of the subscription will be closed on May 15 this year, Beximco said in a statement.

The second phase of the project will be of five years

Marico Bangladesh Ltd reported a profit of Tk 462.37 crore for the year that ended on March 31, an increase of 19 percent year-on-year

Square Pharmaceuticals Ltd recorded Tk 1,465 crore profit in the July-March period of the ongoing financial year, up around 9 percent year-on-year

The Asian Development Bank (ADB) has signed a $121.55 million financing package with Dynamic Sun Energy (DSE) Private Ltd to build and operate a 100-megawatt (MW) grid-connected solar photovoltaic power plant in Pabna, a northwest district in Bangladesh

Bangladesh should allow greater flexibility in its exchange rate to address issues in its external account, particularly the deficit in the financial account, said the International Monetary Fund (IMF) today

Analysts say the regulator’s intervention is denting investors’ confidence and it comes at a time when they are still smarting from the wounds caused by the 18-month-long floor price, a period when most of the stocks were untradeable.

Citing an ongoing discourse over whether governance or development should be given priority, Edimon Ginting, Bangladesh country director of the ADB, said he believes it is the latter that should come first.

The government plans to abolish the tax benefits for various sectors to accelerate revenue collections in line with targets set by the IMF as part of its $4.7 billion loan.

The IMF mission met with the deputy governors, policy advisor, executive directors and directors in different meetings at the central bank headquarters.

Cox's Bazar is the main hub of salt production in the country and officials estimate 38,000 metric tonnes of salt are being produced each day.

Consistent and synergistic innovation has powered Bangladesh’s growth in the last few decades.

The government is likely to ask the International Monetary Fund (IMF) to revise down two key targets related to Net International Reserves (NIR) and tax revenue collection, set for June this year for the release of the fourth tranche of its $4.7 billion loan, finance ministry officials said.

The two made Tk 333 crore profit in nine months

Dhaka Bank registered a 4 percent year-on-year growth in profit to Tk 173 crore in 2023.