CAB urges energy ministry for not signing Energy Charter Treaty

The Consumers Association of Bangladesh (CAB) today submitted a petition, signed by 25,720 persons, urging the energy ministry for not signing the Energy Charter Treaty as the signing of the treaty will affect the public interest and the nation’s energy sector.
17 January 2023, 15:55 PM

More budget support, easy loans sought from AIIB

Finance Minister AHM Mustafa Kamal today requested China-led Asian Infrastructure Investment Bank (AIIB) to extend more budget support and ease loan conditions the way the World Bank has done for Bangladesh.
17 January 2023, 15:13 PM

Tk 5,651cr haor elevated road project gets nod amid criticism

The government today approved the Tk 5,651 crore project for the 15.31-kilometre elevated road in the haor region of Kishoreganj although experts have been urging the authorities not to take up such a big project at this moment.
17 January 2023, 13:40 PM

DSE turnover crosses Tk 900 crore after 2.5 months

The Dhaka stocks bounced back today after experiencing a mild correction a day before while the turnover of the premier bourse crossed Tk 900 crore after a break of two and a half months.
17 January 2023, 11:55 AM

Separate panels to look into assets of three mutual funds

The Bangladesh Securities and Exchange Commission (BSEC) has formed three separate committees to look into the assets of three fund managers: LR Global Bangladesh, Race Asset Management and ICB Asset Management.
17 January 2023, 11:20 AM

Stocks snap four-day rally

Shares on the Dhaka Stock Exchange (DSE) broke a four-day rally today despite higher participation from investors.  
16 January 2023, 09:50 AM

‘Richest 1% grab two-thirds of new $42 trillion created since 2020’

The richest 1 per cent grabbed nearly two-thirds of all new wealth worth $42 trillion created since 2020, almost twice as much money as the bottom 99 per cent of the world’s population holds, reveals a new Oxfam report today.
16 January 2023, 07:42 AM

Bangladesh should continue reforms

Bangladesh should continue with the measures to reform various sectors of the economy, said IMF's Deputy Managing Director Antoinette Monsio Sayeh today.
15 January 2023, 15:22 PM

‘Nigeria keen to expand trade with Bangladesh’

Nigeria wants to expand trade with Bangladesh as the south Asian country has achieved significant development in the last decade, said Akinremi Bolaji, director for economic, trade and investment of the foreign affairs ministry of the west African nation.
15 January 2023, 14:18 PM

Daraz to deliver Kazi Food’s products

Kazi Food Industries Limited has recently signed an agreement with Daraz Bangladesh for delivery services in Dhaka.
15 January 2023, 11:54 AM

DSE turnover crosses Tk 700 crore after two months

Stocks continued rising for the fourth consecutive day while the turnover of the Dhaka Stock Exchange (DSE) crossed Tk 700 crore after a break of two months as some investors went for buying shares.
15 January 2023, 11:41 AM

No interest rate cap on credit card loans: BB

Banks can now fix interest rate of their credit cards, Bangladesh Bank (BB) said today after allowing the lenders to charge up to 12 per cent interest on consumer credit.
15 January 2023, 11:23 AM

IMF DMD praised govt’s measures to tackle economic challenges

International Monetary Fund (IMF) Deputy Managing Director Antoinette Monsio Sayeh today praised the proactive measures taken by the government and the Bangladesh Bank to tackle the economic challenges the country is facing.
15 January 2023, 10:30 AM

Move towards market-based exchange rate by FY23-end: Bangladesh Bank

The central bank today said it is taking necessary measures to gradually move towards a market-based, flexible and unified exchange rate regime by the end of the ongoing fiscal year.
15 January 2023, 10:22 AM

‘Electricity tariff hike a challenge for private sector’

The recent retail electricity tariff hike will ultimately create an additional economic burden on the smooth operations of the private sector and power intensive industries, Dhaka Chamber of Commerce and Industry (DCCI) President Barrister Md Sameer Sattar said.
14 January 2023, 09:38 AM

Where did most Bangladeshi migrant workers go in 2022?

Over 11.35 lakh Bangladeshis migrated to foreign nations in 2022, the highest ever in the history of the south Asian country.
13 January 2023, 09:00 AM

Brac Bank to get $100 million from Jica, Citi to finance green projects

Brac Bank is going to get $100 million from Japan International Cooperation Agency (Jica) and Citibank NA as loan mainly to finance green factory, renewable energy, energy and resource efficiency and efficient waste management.
12 January 2023, 14:59 PM

Sri Lanka given 6 more months to repay Bangladesh’s $200m loan

Bangladesh Bank today granted Sri Lanka six more months to repay the $200 million loan after the Island nation requested to extend the repayment period due to its prolonged economic crisis.
12 January 2023, 14:18 PM

Regaining clients’ trust a must for insurance now: FBCCI

The insurance sector should focus more on increasing awareness and regaining customers’ trust for the sake of the industry’s development, FBCCI President Md Jashim Uddin said today.
12 January 2023, 13:40 PM

Stocks rise for third day

The Dhaka stocks continued rising for the third consecutive day although most of the stocks either dropped or remain unchanged today.
12 January 2023, 12:48 PM