Eight banks and financial institutions of Bangladesh and the World Bank are going to provide a syndicated credit facility of around Tk 430 crore for the development and expansion of Bay Economic Zone Limited (BEZL).

Eighteen non-life insurance companies spent more in 2022 on management expenses than allowed, leaving a negative impact on their overall business and eroding their capacity to settle claims.

The Centre for Policy Dialogue (CPD) yesterday proposed increasing the tax on high-income individuals to 30 percent in fiscal year (FY) 2024-25 as the move would likely reduce income inequality in Bangladesh.

The Bangladesh Bank yesterday further relaxed its loan write-off policy as part of its roadmap to “artificially” reduce the higher volume of bad loans in the banking sector.

The telecom regulator of Bangladesh recently permitted two more local companies to manufacture and assemble mobile handsets, with the move coming amid a downturn in overall sales and production.

Dhaka Stock Exchange witnessed a 13.96 percent decrease in turnover yesterday from that on the previous day of trade last week.

A roadmap on economic policy changes is vital for the private sector since it can help them predict the future, plan accordingly and avoid shocks that may stem from a sudden shift in government strategies, said economists and entrepreneurs yesterday.

Grameen Bank has no ownership of Grameen Kalyan and Grameen Telecom and it does not have the legal authority to nominate directors and chairman at the two non-profits, said the Yunus Centre yesterday.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants to achieve the target to export $100 billion worth of garments by 2030 by developing and selling heritage fashion products to international clothing retailers and brands.

PKSF, World Bank funded the project

Comparing our current days with five years back from now we can easily comprehend the fact that temperature is rising and as a result we feel scorching heat every year.

The prime index of Dhaka Stock Exchange (DSE) declined for a fifth consecutive trading day today

Lub-rref (Bangladesh) Ltd, a lubricant producer, saw its profit nosedive 76 percent year-on-year in the July-December period of the financial year 2023-24

Doreen Power Generations and Systems Ltd said it has closed its 22-megawatt plant in Feni as the government has yet to extend the contract on power purchase

Bangladesh’s gross domestic product grew 5.78 percent in the last financial year, one of the slowest paces of expansion in 13 years, as consumption nosedived, according to the final figures published by the Bangladesh Bureau of Statistics (BBS).

High tariffs on the import of raw materials are a major barrier to the diversification of Bangladesh’s export basket, a noted economist said yesterday.

Listed companies should be categorised based on the quality of their governance instead of their dividends as governance has a long-term impact for investors, said Ahsanur Rahman, CEO of BRAC EPL Stock Brokerage.

Bangladesh Bank has announced a new plan to reduce non-performing loans (NPL) to less than 8 percent by June 2026. The central bank aims to bring down the NPL of state-owned commercial banks to 10 percent and private banks below 5 percent. As we know, many such initiatives have been introduced earlier and they failed to show desired results.

Although the roadmap drawn up to reform the banking industry of Bangladesh may seem attractive on the surface, there are questions regarding its efficacy in ensuring good governance in the scam-hit sector.

Bond licence rules need to be eased for the expansion of businesses as 4,187 bond licences became inactivate over the past 14 years and only 1,558 new ones were issued, according to a new study made public yesterday.