It was “absolutely fake” news, Bangladesh Bank spokesman Mezbaul Haque said today.

The bank will support 3,500 MSMEs and women-led businesses in Bangladesh

The US dollar rate hikes will fuel steel raw material cost, they said at Bangladesh International Trade Summit

Green Delta Insurance Ltd reported a profit of Tk 8 crore in the first quarter of 2024, an increase of 8 percent year-on-year

Beacon Pharmaceuticals, which makes more than 200 generic drugs and 65 oncology products, saw a 7.38 percent decline in profits during the July-March period of 2023-24, owing mainly to a rise in interest rates

The deficit in the financial account stood at $9.25 billion in July-March of the current fiscal year, Bangladesh Bank data showed. It was $2.92 billion in the first nine months of the previous fiscal year and $8.46 billion in July-February of 2023-24.

Handset production rose 5.30 percent year-on-year in the first quarter of this year to 60.74 lakh, according to the Bangladesh Telecommunication Regulatory Commission (BTRC).

Bangladesh Bank data showed that transactions through credit cards increased to Tk 3,490 crore in March. Of the amount, Tk 2,985 crore was spent within the country while the remaining was spent abroad.

According to the Bangladesh Bureau of Statistics (BBS), food inflation jumped 35 basis points to 10.22 percent last month from 9.87 percent in March. This was the first time in five months that food inflation hit double digits.

The economy will run at its own pace and the foreign exchange rate and interest rate will hover at a certain range following the kerb market, said Nazrul Islam Mazumder, chairman of the Bangladesh Association of Banks.

Cross-border trade is the main driver of the economic progress of a country. The World Trade Organisation Trade Facilitation Agreement (WTO TFA) has set standards to facilitate global trade. Bangladesh ratified the TFA in 2016, and risk management is a unique measure of it..Risk management

The Bangladesh Telecommunication Regulatory Commission (BTRC) has decided to seek dues totalling Tk 87.18 lakh from Software Shop and impose a fine of Tk 2 lakh on the company for violating different rules.

Turkish business leaders discussed bilateral trade potential with FBCCI president

The cement maker’s turnover fell 3%, profit 15% in Jan-Mar

Inflation in Bangladesh fell seven basis points to 9.74 percent in April from a month ago on the back of declining prices of non-food items.

The telecom regulator will spend Tk 12 crore to purchase equipment for measuring the levels of radiation emanating from mobile phone towers as it seeks to bolster its capacity to carry out such activities nationwide.

The measures include keeping the tax-exempt income threshold unchanged at Tk 3.5 lakh, a move that is expected to increase revenue receipts and bring more people under the tax net.

As per the World Bank’s report on corruption in South Asian countries, almost 71 percent of the firms in Bangladesh are expected to give gifts to get an import licence, 42.5 percent to get a construction permit and 42 percent to get government contracts.

The interest rates on consumer loans, forced loans and overdue loans are likely to go up rapidly in the upcoming months, however.

Common ADR processes include mediation, arbitration, and neutral evaluation. These processes are generally confidential, less formal, and less stressful than traditional court proceedings.