IMF-WB team to visit Dhaka to assess bond market

A technical assistance mission of the International Monetary Fund (IMF) and World Bank is expected to arrive in Dhaka today in order to undertake a detailed assessment of the Local Currency Bond Market (LCBM) and suggest ways for its development.
4 July 2023, 18:00 PM

Padma Bridge Rail Link Project: Railway seeks one-year extension on loan tenure

Bangladesh Railway (BR) is seeking a one-year extension on its loan tenure for the Padma Bridge Rail Link Project as a means to avoid upward cost revisions resulting from hassles in clearing payments after the task is complete.
4 July 2023, 00:20 AM

Tannery CETP needs renovation even before offering full service

Bangladesh is yet to reap the full benefit from the much-talked central effluent treatment plant (CETP) at the Savar Tannery Industrial Estate (STIE) despite spending more than Tk 500 crore and waiting for nearly a decade.
4 July 2023, 00:00 AM

Navana Pharma ditches plans for new unit

Navana Pharmaceuticals yesterday decided to use the proceeds from its initial public offering (IPO) to expand and modernise existing facilities rather than establish a new production unit, according to a posting on the Dhaka Stock Exchange (DSE) website.
3 July 2023, 18:00 PM

$1.09b import bills to bring down forex reserve again

The Bangladesh Bank will clear import bills to the tune of $1.09 billion through the Asian Clearing Union (ACU) this week, which will bring down the country’s foreign exchange reserve level. 
3 July 2023, 18:00 PM

Inflation climbs to 12-year high

Average inflation in Bangladesh surpassed the government’s target for the just-concluded fiscal year by a large margin as higher prices of goods and services continue to linger for the economic crisis at home and abroad.  
3 July 2023, 18:00 PM

Janata Bank customers now can ‘Add Money’ to bKash

Janata Bank’s account holders can now transfer money to bKash accounts from anywhere and anytime without additional charges using its internet banking app “eJanata”.
3 July 2023, 18:00 PM

Commerce Bank gets new DMD

Bangladesh Commerce Bank recently appointed Mohammad Jamil Hossain as its deputy managing director.
3 July 2023, 18:00 PM

46 Brac Bank officials get its Tara business awards

Brac Bank honoured 46 officials -- 24 from retail banking and 22 from SME banking -- with “Tara Business Champion Award” marking the sixth anniversary of its women’s banking initiative “Tara”.
3 July 2023, 18:00 PM

IFIC Bank opens 3 branches

IFIC Bank recently opened three new branches in three different districts -- Meherpur, Nilphamari and Lalmonirhat.
3 July 2023, 18:00 PM

Faruk made DMD of UCB

United Commercial Bank (UCB) has recently promoted a senior executive vice-president to the post of deputy managing director (DMD).
3 July 2023, 18:00 PM

Exim Bank moves to bring remittance from UK faster

Export Import (Exim) Bank of Bangladesh Limited has secured permission from the central bank to extend an overdrawn facility equivalent to five lakh pounds to Exim Exchange Company (UK) Ltd.
3 July 2023, 18:00 PM

Oil rallies as Saudi Arabia and Russia cut exports

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to US interest rates.
3 July 2023, 18:00 PM

Bangladesh earns $55.55b in export receipts in FY23, the highest-ever

Shipment fetched $52.08 billion in the previous financial year of 2021-22, according to data from the Export Promotion Bureau (EPB).
3 July 2023, 10:33 AM

Uninterrupted energy needed at affordable prices

An uninterrupted energy supply and affordable pricing are necessary to maximise productivity and avoid exacerbating inflationary difficulties, said Md Sameer Sattar, president of the Dhaka Chamber of Commerce and Industry (DCCI).
3 July 2023, 00:55 AM

Clothing brand for big people making a splash

Like many in Bangladesh, Farhan Tanvir often struggled to find suitable clothing given his large size.
3 July 2023, 00:30 AM

Migrant workers sent home $21.61b in FY23

Migrant workers sent $21.61 billion to Bangladesh in the just-concluded fiscal year as remittance rebounded on the back of higher flow on the occasion of Eid-ul-Azha and a record outflow of labourers, official figures showed yesterday.
3 July 2023, 00:20 AM

Transformative power of ChatGPT

If one technological innovation is to be cited for capturing much of the talk time in discussions ranging from drawing rooms to corporate offices and academic institutions, it is ChatGPT. Released by Open AI in November 2022, this is a language model based on artificial intelligence (AI).
3 July 2023, 00:15 AM

New fiscal year, old challenges

When a year passes, those who had a good time look forward to continuing the momentum while those who had struggled to keep their head above water might breathe a sigh of relief.
3 July 2023, 00:00 AM

Oil settles higher

Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand.
2 July 2023, 18:00 PM