BB withdraws interest rate spread limit

Bangladesh Bank today withdrew the 4 percent interest rate spread limit as the banking regulator introduced a new lending rate formula in July this year..The new interest rate formula has helped keep the interest rates of all kinds of loans at a logical level and maintain a tolerable depos
29 November 2023, 16:21 PM

DSE gets new director

Richard D’ Rozario, managing director of Global Securities Ltd, has been elected as a director of the Dhaka Stock Exchange (DSE).
29 November 2023, 15:27 PM

Gold hits all-time high of Tk 109,000 a bhori

The new price will be effective from November 30
29 November 2023, 13:28 PM

NBR names 9 top VAT depositor firms of FY22

Five made it to the list for consecutive second year
29 November 2023, 13:19 PM

Banks appreciate taka further against US dollar

Bankers decided to cut purchase and selling rates of the US dollar by more Tk 0.25 per dollar from next week with the aim to cool down the overheated foreign exchange market.
29 November 2023, 13:05 PM

IPDC Finance MD, CEO Mominul Islam resigns

He had joined IPDC in 2006 as head of operations and technology
29 November 2023, 12:56 PM

Deadline for tax return filing extended by two months

The National Board of Revenue (NBR) extended the deadline today for the submission of income tax returns for individual taxpayers by two months to the end of January next year, according to an order issued today.
29 November 2023, 10:39 AM

BBS, BMET data shows stark contrast

Bangladeshi citizens living abroad at about 50.53 lakh, which is a third of that reported by other government agencies
28 November 2023, 23:45 PM

Three firms spending Tk 1,000cr on first private submarine cable

Three private licensees of submarine cable -- Summit Communications, CdNet Communications and Metacore Subcom Ltd -- have formed a consortium to install the cable
28 November 2023, 23:30 PM

Manufacturers rev up production of higher-cc bikes

government decided to allow up to 350cc bikes to ply the streets of Bangladesh
28 November 2023, 23:00 PM

FDI needed for RMG's sustainability

Bangladesh is very good at making cotton clothes but non-cotton products could be bolstered by foreign investment
28 November 2023, 18:15 PM

Rejoinder, our reply

AB Bank has sent a rejoinder to a report headlined “Six private banks’ bad loans soar 55pc in nine months” published in The Daily Star on November 23, 2023.
28 November 2023, 18:00 PM

BB goes shopping to private banks for dollar

Bangladesh Bank is hunting for dollars to rebuild its depleting foreign exchange reserves ahead of the January 7 national election.
28 November 2023, 18:00 PM

ADB to give Bangladesh $1 billion loan for five projects

The loans will be used for energy efficiency, vaccine production, clean water, computer science education and Dhaka-Northwest road corridor
28 November 2023, 11:35 AM

Chinese firms set for best earnings growth in seven years in 2024

A Reuters analysis of 1,721 Chinese companies with a market value of at least $500 million shows their profits may rise 16 percent next year
28 November 2023, 09:15 AM

4.66 lakh migrants returned home permanently in past 2 years

1.54 lakh or 33.03 percent of the returnee expatriates were from Chattogram division followed by 1.32 lakh or 28.48 percent from Dhaka
27 November 2023, 23:15 PM

Maize cultivation sees slow growth in north

Farmers in Gaibandha cultivated maize on 10,185 hectares of land in 2019, up by just 79 hectares in 2008
27 November 2023, 23:00 PM

First ever policy on halal certification comes to light

Bangladesh Islamic Foundation would issue certificates and the halal logo to companies on behalf of the government
27 November 2023, 18:05 PM

Prices of latex, rubber sheets keep falling, hitting growers

The prices of latex and rubber sheets have continued to fall in Bangladesh, depriving growers of a better return, although manufacturers and exporters are offering higher rates to suppliers.
27 November 2023, 18:01 PM

Shipbuilders get more time to reschedule loans

The Bangladesh Bank (BB) today extended the deadline for shipbuilders to reschedule their defaulted loans by one month through a down payment of 2.5 percent.
27 November 2023, 15:09 PM