Aamar Bond not IFIC’s

A real estate company has issued bonds by offering eye-popping returns to raise funds for a gigantic housing project in Gazipur, a normal development on the surface.
22 November 2023, 18:00 PM

Six private banks’ bad loans soar 55pc in nine months

Bad loans in six private banks increased by about 55 percent in the first nine months of the year, raising further alarms about the health of the banking sector.
22 November 2023, 18:00 PM

Vaccine production: ADB approves $336.5m loan

The ADB yesterday approved a $336.5 million loan to establish domestic vaccine, therapeutics, and diagnostics manufacturing capacity in Bangladesh. It also aimed to strengthen the DGDA to ensure vaccine supply security, reads a press release.
22 November 2023, 18:00 PM

Bankers' decision to appreciate taka draws mixed reactions

Bankers today decided to appreciate the taka against the US dollar by Tk 0.50 from tomorrow as they observed an improvement in the overall current account balance, which records the nation's transactions with the rest of the world
22 November 2023, 17:23 PM

Banks to appreciate taka against US dollar

Banks will buy dollar at Tk 110, sell at Tk 110.5 from Nov 23
22 November 2023, 15:02 PM

Factories urged to implement minimum wage from Dec 1

BGMEA issues letters to the factory owners
22 November 2023, 14:19 PM
22 November 2023, 12:37 PM

Govt to import 60,000 tonnes of granular urea at Tk 251 crore

30,000 tonnes each will come from Qatar and Saudi Arabia
22 November 2023, 12:06 PM

Oil refiners concerned over new policy

The Ministry of Power, Energy and Mineral Resources issued a gazette notification on the "Establishment of Refineries at Private Level, Storage, Processing, Transportation and Marketing of Crude Oil Imported Policy-2023" on November 20.
22 November 2023, 00:00 AM

Blockades, strikes stifling flower market

As per data of the Department of Agricultural Extension (DAE) in Jhenaidah, flowers were cultivated on 254 hectares of land for the ongoing fiscal year.
21 November 2023, 23:00 PM

Disbursements of foreign loan fell 17%

Around $162.6 crore of foreign loans was disbursed in the July-October period of fiscal year 2023-24, according to data published by Economic Relations Division (ERD) recently.
21 November 2023, 18:15 PM

Int'l Leasing selling reptile farm to recover loan

International Leasing and Financial Services Ltd (ILFSL) is going to sell Reptiles Farm Ltd at Tk 38.20 crore to Uddipan, a non-government organisation, in order to recover its loan to the crocodile farm.
21 November 2023, 18:01 PM

Political crisis to significantly affect economy: PRI

The ongoing political crisis, foreign powers’ interest in the upcoming national election, and labour and human rights issues are deepening the economic uncertainty in the country, the Policy Research Institute (PRI) of Bangladesh said yesterday.
21 November 2023, 18:00 PM

Bad loans rise in private banks, but drop in state banks

Overall, banking sector's non-performing loans fall slightly
21 November 2023, 14:56 PM

Chinese investment sought in high value-added garments: BGMEA

BGMEA president is now visiting garment factories in China
21 November 2023, 14:23 PM

Market has unofficial inter-bank exchange rates now: PRI

The Policy Research Institute of Bangladesh says in a press briefing
21 November 2023, 11:50 AM

Banglalink posts 15% revenue growth in Q3

Banglalink’s revenue grew 15.1 percent year-on-year to Tk 1,588 crore in the third quarter of this year, driven by robust sales in the data segment..The mobile network operator has consistently demonstrated robust performance by achieving double-digit revenue growth for six consecutive qua
21 November 2023, 11:41 AM

United Power's profit falls in Q1

United Power Generation & Distribution Company Ltd's profit fell 37.6 percent in the first quarter of the financial year 2023–24.
21 November 2023, 08:44 AM

China seeks loan application for Mongla port expansion

According to the project summary, the Chinese government will provide a loan of Tk 3,782.36 crore under a government-to-government mechanism. The rest, amounting to around Tk 500.39 crore, will be financed by the government.
21 November 2023, 00:00 AM

Tk 111 a dollar for import remains only on paper

Earlier this month, the edible oil refiners’ association wrote to the Bangladesh Trade and Tariff Commission seeking to increase prices of cooking oil.
20 November 2023, 23:40 PM