Online banking transactions in Bangladesh amounted to nearly Tk 50,000 crore in May 2023, a 142 per cent rise year-on-year, Bangladesh Bank data showed.

Exporters in Bangladesh are unable to take the full benefit of the devaluation of the taka against the US dollar amid ongoing inflationary pressure and rising production costs, according to industry people.

Fresh investment of around Tk 2,500 crore has been made in the automobile industry in the past two and half years since the formulation of the Automobile Industry Development Policy 2021, according to industry insiders.

The National Board of Revenue (NBR) has exempted foreigners working on Dhaka Elevated Expressway from paying taxes on their income for another three years until June 2026.

The government has cut the paddy procurement target of Aman, the second biggest rice crop now under cultivation, by nearly one-third after it received a lukewarm response from growers last year.

Mutual Trust Bank Limited (MTB) is expanding its retail banking portfolio to diversify the business, said Shafquat Hossain, head of retail banking of the lender.

The Bangladesh Telecommunication Regulatory Commission (BTRC) recently cancelled the licences of four interest service providers (ISPs) for failing to convert their licences in accordance with relevant guidelines.

Russia's government on Friday lifted a ban on pipeline diesel exports via ports, removing the bulk of restrictions it enforced on Sept. 21.

Bangladesh Bank yesterday hiked the interest on deposits with non-bank financial institutions (NBFIs) to 9.70 percent and the lending rate to 12.70 percent to help ease the country’s inflationary pressure.

The violence in Israel will likely prompt a move into safe haven assets as investors closely watch events in the Middle East to gauge geopolitical risk to markets.

The subsidiary of Shahjibazar Power has already signed a lease deal with Mongla Port Authority

The telecom regulator has issued a show cause notice to Fiber@Home Ltd and Fiber@Home Global Ltd for running broadband business through illegal and unlicensed internet service providers (ISPs).

The contribution of local construction companies and building material suppliers to establishing the third terminal of the Hazrat Shahjalal International Airport (HSIA) is proof of their capacity to provide world-class products and services, according to industry people.

The torrential rain that swept over the country last weekend inundated over 16,400 hectares of cropland, causing losses to many farmers, according to data from the Department of Agricultural Extension (DAE).

The current macroeconomic instability in Bangladesh is presenting disproportionate challenges for small and medium enterprises (SMEs) compared to larger firms, according to an economist.

Although climate risks in agricultural production have increased over the years, Bangladesh could not adopt sustainable technologies in rural areas owing to a lack of proper initiatives, analysts said.

The third terminal at the Hazrat Shahjalal International Airport (HSIA) will open a new horizon in handling and air shipment of goods as the new facility is expected to improve the capacity of the cargo village.

High interest rates, growing investor risk aversion and borrowing that ballooned in recent years have left a range of developing economies mired in debt crises. Helping them claw out of this will be a key agenda item at the annual IMF and World Bank meetings in Morocco's tourist hub of Marrakech which kicks off next week.

None in Bangladesh seems to be happy with the present foreign exchange rate and the liquidity situation.

Small and medium enterprises (SMEs) are not getting adequate funds needed to carry out foreign trade despite having the potential to help the country boost exports and overcome the foreign exchange shortage, said Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI).