Habibur Rahman, a Chattogram-based schoolbag manufacturer, suddenly fell into deep financial peril ever since the coronavirus pandemic first reached Bangladesh in March 2020.

The central bank yesterday asked banks to raise their core capital ratio to 3.25 per cent in 2023 after they failed to put in place enough shareholders’ equity and reserves in line with international standards to absorb unexpected shocks.

The Taliban took over Afghanistan with astonishing speed, but it appears unlikely that the militants will get quick access to most of the Afghan central bank’s roughly $10 billion in assets. 

Prime Bank has been named “Bangladesh Domestic Cash Management Bank of the Year 2021” by Singapore-based the Asian Banking & Finance Magazine. 

Sandhani Asset Management has received a nod from stock market regulator Bangladesh Securities and Exchange Commission (BSEC) to launch operations.

Stocks dropped yesterday after a four-day gaining streak due to the profit booking tendency among investors in the banking, non-bank financial institution (NBFI), and mutual fund sectors.

Russia has expressed interest to buy mangoes from Bangladesh, said the Ministry of Agriculture yesterday.

Bangladesh Securities And Exchange Commission (BSEC) decided to halt the effectiveness of stock broker licence of Firstlead Securities as it did not pay the fine that was imposed due to breaking rules.

A Dhaka court today issued a travel ban against five people, including two former owners of e-commerce platform eorange, in a case filed for embezzling around Tk 1,100 crore.

Sandhani Asset Management Limited (SAML) got the nod from the stock market regulator to run the business.

The stock market fell today breaking a four-day gaining streak.

Anwar Hossain, founder and chairman of Anwar Group of Industries, breathed his last on August 17.

The Bangladesh Bank yesterday asked non-bank financial institutions to release approved loans to bank accounts owned by genuine borrowers.

The International Finance Corporation (IFC) has committed $791 million to support Bangladesh’s businesses amidst the coronavirus pandemic.

Spinners are unwilling to reduce the prices of yarn in local markets even though apparel and terry towel exporters have demanded as much in order to remain competitive at the international level.

Anwar Galvanizing, a listed concern of the Anwar Group of Companies, has decided to double its production capacity within 2022 investing Tk 27 crore.

Bangladesh Bank yesterday declared a cash incentive on dedicated small and medium enterprise (SME) loan programmes for female entrepreneurs.

Hours after a consumer sued eorange for not delivering products against payment, two former owners of the e-commerce platform yesterday surrendered before a Dhaka court which sent them to jail, rejecting their bail pleas.

A demo-day and closing ceremony of Korea’s six-month-long mentoring programme for five Bangladesh startup teams were held virtually yesterday with the presence of Ambassador Lee Jang-keun and ICT State Minister Zunaid Ahmed Palak.

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday requested the Chittagong Port Authority (CPA) to allow the release of imported goods directly from the port instead of private inland container depots (ICDs) to save time and cost.