Despite having spent more than three decades in the financial sector, I faced the real test as a credit officer when I was appointed head of restructuring and recovery at Standard Chartered Bank. This was particularly so during audit, portfolio review and due diligence assignments following the Asian financial meltdown in 1997, in East Africa, Greater China and Europe.

The interim government is likely to scrap the provision that allows black money to be legalised through the purchase of apartments and land in the next fiscal year (FY) 2025-26, amid criticism from civil society groups, think tanks and watchdogs.

Inflation in Bangladesh is not a monetary phenomenon, so only a tight monetary policy may not reduce it at the expected pace. Rather, it will reduce investment and job creation, said economists yesterday.

The negotiation for the signing of an economic partnership agreement (EPA) between Bangladesh and Japan will be completed by the end of August, said Commerce Secretary Mahbubur Rahman yesterday.

If business process outsourcing (BPO) companies in Bangladesh fail to adopt technologies like artificial intelligence, machine learning, and large language models, they will fall behind in global competition, experts warned yesterday..“Technological advancement in the past two years has su

This time, they will observe the strike for three hours beginning at 9 am on June 23

The credit will be extended under the strengthening governance and institutional resilience development policy

Investors are mulling a host of different market scenarios should the U.S. deepen its involvement in the Middle East conflict

The government plans to scale back its dependence on foreign loans as it seeks to mitigate threats to external debt sustainability.

Poor preservation, unfair pricing and failure to meet global standards cripple rawhide trade

The Asian Development Bank has approved a $900 million loan to help Bangladesh reform its banking sector and strengthen its resilience to the impacts of climate change.

Jumped to 589.5m francs in 2024 from 17.7m the previous year

The government has updated the Renewable Energy Policy after 17 years, aiming to produce at least 20 percent of the national power demand from green sources by 2030.

Local apparel makers are seeing delays in the confirmation of work orders for the next summer season, as US retailers and brands wait for the final decision on reciprocal tariffs by the US administration, expected in early July.

The Bangladesh Securities and Exchange Commission (BSEC) has rejected the application of Mir Akhter Hossain Ltd, a construction company, to raise Tk 250 crore by issuing preference shares, according to a disclosure on the Dhaka Stock Exchange website.

Eid-ul-Azha was meant to be a lesson in sacrifice, empathy, generosity, and humility. But in our version, it often turns into a festival of flexing, where the size of your cow somehow reflects your spirituality, and the price tag gets more attention than the prayer.

Chartered accountants yesterday described the claims by cost and management accountants regarding audit rights as “misleading and unprofessional”.

A joint committee will be formed soon to explore avenues for long-term financing from the capital market, establish a vibrant bond market, and reduce excessive reliance on bank loans.

Early users of Starlink, the satellite internet service recently launched in Bangladesh, have expressed satisfaction over its high-speed and stable connection.

For the first time, the World Bank, which traditionally provides development project loans and budgetary support, has extended its assistance through a guarantee facility to support Bangladesh in purchasing liquefied natural gas (LNG), aiming to ease pressure on the country’s foreign exchange reserves.