Dollar kerb market heats up again

The exchange rate gap in the official and unofficial channels in Bangladesh has started to widen after a few months of lull as the US dollar is getting costlier in the informal market, a development that may adversely impact the remittance flow.
29 August 2023, 00:00 AM

Local company holds potential in automobile filter export

Bogra Motors Pvt Ltd, a factory located in the Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Bogura, has achieved a remarkable feat as it can produce filters that can be used in automobiles both at home and abroad.
28 August 2023, 18:00 PM

Consumption of wheat to rise

Wheat consumption for food, seed and industrial use is likely to increase from higher imports and a rebound in demand for flour for a fall in its prices, forecasts the US Department of Agriculture (USDA). 
28 August 2023, 18:00 PM

MFS service charge set at 0.7% for payment

The mobile financial service providers can charge a maximum of Tk 0.7 for every Tk 100 deposited by the policyholders of the Universal Pension Scheme (UPS) as subscription fees to the pension authority.
28 August 2023, 18:00 PM

Australian duty benefit to continue: BGMEA

Australia will continue to provide duty free access to Bangladesh’s products even after it makes the LDC graduation in 2026, said a top leader of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) yesterday. 
28 August 2023, 18:00 PM

Brac Bank rated stable by S&P

Brac Bank has been provided a “B+” credit rating with a stable outlook by S&P Global Ratings. 
28 August 2023, 18:00 PM

AIBL Capital Market Service receives Tk 28cr from ICB

AIBL Capital Market Services Ltd received Tk 28 crore from the Investment Corporation of Bangladesh (ICB) yesterday to support small investors affected in the stock market.
28 August 2023, 18:00 PM

Bank Asia, BFIU arrange training programme

Bank Asia Limited, in collaboration with Bangladesh Financial Intelligence Unit (BFIU), has arranged a training programme on “Prevention of Money Laundering and Terrorist Financing” at Brac Learning Centre, Kalasgram in East Pangsha, Barishal recently.
28 August 2023, 18:00 PM

US seeks trade, tourism boost in China talks

US Commerce Secretary Gina Raimondo arrived in Beijing late on Sunday for a four-day visit aimed at boosting business ties between the world’s two largest economies while declaring American national security trade measures off-limits for debate.
28 August 2023, 18:00 PM

EBL to sell land to meet regulatory requirement

Eastern Bank Ltd (EBL) has decided to sell 2.8 acres of land in the Purbachal area of Gazipur and the capital’s Bashundhara to adjust its fixed asset-to-paid-up capital ratio.
28 August 2023, 18:00 PM

Three Intraco subsidiaries to merge with parent company

Three subsidiaries of Intraco Refueling Station Limited are going to be merged with their parent company. 
28 August 2023, 18:00 PM

Demand for CI sheet rising in Dhaka and other cities

The market for corrugated iron (CI) sheets is expanding in Bangladesh thanks to the availability of more durable and coloured versions of the product, according to industry insiders.
28 August 2023, 00:00 AM

Confidence crisis in financial sector deepens

Bangladesh’s financial sector is struggling to win back people’s trust mainly due to the deterioration of some key indicators amid a lack of good governance, irregularities and lighter punishment for wrongdoers, according to analysts. 
28 August 2023, 00:00 AM

DBL Ceramics holds business confce

DBL Ceramics recently organised Business Conference-2023 with a theme of “Together at the Peak of Excellence” at the Palace Luxury Resort in Habiganj.
27 August 2023, 18:00 PM

Dhaka Bank offers credit card for women

Dhaka Bank Ltd in collaboration with Mastercard has recently launched an “Aroni Mastercard Titanium Credit Card” under “Aroni”, its dedicated banking services for women. 
27 August 2023, 18:00 PM

Clarification sought from Homeland Life Ins

The Insurance Development and Regulatory Authority (Idra) has asked Homeland Life Insurance Company Ltd why its chief executive officer (CEO) should not be removed for not providing information sought by a chartered accountancy firm for financial audits. 
27 August 2023, 18:00 PM

Basel accords, capital requirements and bank risks

The balance sheet of a bank has two sides: assets and liabilities. The assets are financed by two sources of funds: debt capital (liabilities) and equity capital (owners’ equity).
27 August 2023, 18:00 PM

BGMEA plans big to cut carbon emission

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) targets reducing carbon emission by 30 percent, using sustainable raw materials in 50 percent of the cases and bringing down the use of groundwater by 50 percent within 2030.
27 August 2023, 18:00 PM

BB instructs non-banks to reduce bad loans

Bangladesh Bank has instructed non-bank financial institutions (NBFIs) to reduce the amount of non-performing loans (NPLs) they have to resolve the sector’s image crisis. 
27 August 2023, 18:00 PM

WB to give $300m for youth employment

Bangladesh and the World Bank yesterday signed a $300 million financing agreement to equip about 900,000 economically disengaged rural youths with skills and alternative education needed for employment and entrepreneurship.
27 August 2023, 18:00 PM