Brokers amp up pressure on BB to boost stocks

Stock brokers and merchant banks yesterday urged the Bangladesh Bank to reset the banks' capital market exposure and extend the deadline for lowering the loan-deposit ratio with a view to propping up the stockmarket.
22 March 2018

Farmers Bank's aggrieved depositors go to BB

A number of Farmers Bank depositors have filed complaints with the Bangladesh Bank after the scam-hit bank failed to repay them Tk 852 crore of deposits citing a liquidity crunch.
22 March 2018

Tourism thrives on buoyant economy

Bangladeshi nationals are progressively becoming a target for the tourism board of many countries due to their rise in purchasing power, brought about by the country's solid economic growth for over a decade.
22 March 2018

LDC graduation: Colourful celebration continues at Bangabandhu Nat’l Stadium

In an inspirational show of unity and joy, the people from all walks of life have had a unique opportunity to celebrate the country's historic achievement of getting eligibility for graduating to a developing country.
22 March 2018

PM urges countrymen to keep up achievement

Prime Minister Sheikh Hasina urges the countrymen to keep up the achievement dedicating Bangladesh's graduation to a developing nation to the countrymen as she was accorded a grand reception for her stewardship for the landmark development.
22 March 2018

Norway's Telenor exits central Europe with $3.4 billion asset sale to Czech investor PPF

Norwegian telecoms firm Telenor agrees to sell its businesses in central and eastern Europe to Czech billionaire Petr Kellner’s investment firm PPF Group for 2.8 billion euros (2.43 billion pounds).
22 March 2018

UCB posts Tk 272cr profit in 2017

United Commercial Bank's profit rose 3.6 percent year-on-year to Tk 272.23 crore last year. The private commercial bank disclosed the annual earnings at a programme at its corporate office in Dhaka yesterday.
21 March 2018

Get ready for fourth industrial revolution: experts

The fourth industrial revolution might hit Bangladesh's economy badly and create huge challenges for the country if it fails to embrace advanced digital technology, experts said yesterday.
21 March 2018

Concessional loans to be phased out: Muhith

Bangladesh will no longer enjoy concessional loans once it graduates from the least-developed country bracket, said Finance Minister AMA Muhith yesterday.
21 March 2018

Ease cost of doing business to sustain graduation: analyst

Bangladesh needs to ease the cost of doing business and bring in massive regulatory reforms to create a conducive business environment to sustain the graduation from the least developed country grouping, said a noted economist yesterday.
21 March 2018

ICB plans to issue Tk 2,500cr bond

The Investment Corporation of Bangladesh, which is one of the largest investors in the capital market, plans to issue a long-term bond of Tk 2,500 crore to prop up jittery stocks.
21 March 2018

Walton to export laptops to Nigeria

Bangladesh's leading electronics manufacturer Walton yesterday teamed up with a Nigerian company to export laptops for the first time to the African country.
21 March 2018

‘There are possibilities to LDC graduation as well as challenges’

There are challenges to the graduation from Least Developed Country (LDC) status for Bangladesh, however there are possibilities as well, Finance Minister Abul Maal Abdul Muhith says.
21 March 2018

LDC graduation by 2027: commerce minister

Bangladesh will finally graduate to a developing country by 2027 with improvements in per capita income, human asset index and economic vulnerability, Commerce Minister Tofail Ahmed said yesterday.
20 March 2018

BGMEA to get 500 acres in Mirsharai economic zone

The government has decided to provide the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) 500 acres of land inside a special economic zone located in Mirersharai of Chittagong in a bid to boost apparel exports in the years to come.
20 March 2018

Baraka, Star Ceramics to raise Tk 285cr

Baraka Patenga Power, a subsidiary of Baraka Power, is set to go public by using the book building method to raise Tk 225 crore to set up two power plants and pay back loans.
20 March 2018

REHAB protests price spiral of construction materials

Realtors yesterday said a recent price hike of construction materials such as rods and cements will raise apartment prices, impacting sales.
20 March 2018

Handset import rises 10pc despite duty hike

Handset imports rose 9.6 percent to 3.4 crore units last year despite a spike of 5 percentage points in import duty.
20 March 2018

Rod prices soar

Rod prices are spiralling with the soaring prices of melting scraps in the international market in the wake of US's announcement of 25 percent and 10 percent tariffs on steel and aluminium imports respectively from March 23.
20 March 2018

Digicon issues IPO to expand its business

Digicon Technologies Limited has decided to issue its share through IPO (Initial Public Offering) for business expansion and diversification. In this regard, a tri-party agreement has been signed between Digicon Technologies Limited, ICB Capital Management Limited (ICML) and Janata Capital and Investment Limited (JCIL) as issue management service providers on March 18th, 2018.
19 March 2018