Bangladesh Bank-appointed administrators yesterday took charge of five shariah-based banks slated for merger as part of a resolution process aimed at restoring governance and strengthening accountability in the troubled lenders.

Rural Bangladeshis who own mobile phones earn significantly more from non-farming activities than those without one, underscoring how digital connectivity is reshaping livelihoods outside agriculture, according to a new study by the Asian Development Bank (ADB).

ChatGPT creator OpenAI, the world’s largest private company, is asking the US government to provide loan guarantees for its massive infrastructure expansion that will eventually cost more than $1 trillion.

China has booked two cargoes of US wheat following last week’s meeting between the countries’ leaders, traders said on Thursday, the first such purchases since October last year, signalling easing trade tensions between Washington and Beijing.

Inconsistent policies are another big reason behind the market not appearing attractive to investors

Govt amending import rules so factories can get all raw materials from buyers, instead of the current 50% limit

Multinational companies in Bangladesh are seeing rising sales as consumer demand recovers

Debasement – the deliberate devaluation of the currency unit in terms of real goods and services to render debts less onerous – is as old as money itself. Nicolas Oresme, Europe’s first serious monetary theorist, devoted his 1360 “Treatise on Money” to inveighing against medieval sovereigns’ addiction to the evil practice: “Can any words be too strong to express how unjust, how detestable it is, especially in a prince, to reduce the weight without altering the mark?”

Gold prices fell by 1 percent on Friday, weighed down by uncertainty over another US Federal Reserve interest rate cut this year, but the metal remained poised for a third straight monthly gain.

Dehydration cuts mango spoilage, boosts profits

Bangladesh has been witnessing a growing trend in remittance inflows since December last year

The initiative is set to be effective from January 1

Troubled non-banks are currently unable to finance new businesses, says association chairman

BigMint projects a turnaround in FY27

People are buying more again, but high inflation, costly raw material imports and political uncertainty continue to weigh on earnings

The government has scrapped the rule that required entrepreneurs to keep 10 percent of export proceeds in banks

From January next year, one person will be allowed to register and use a maximum of five personal SIM cards under a single national ID (NID), according to a decision by the Bangladesh Telecommunication Regulatory Commission (BTRC).

Faced with a 50 percent tariff imposed by the United States, the Indian government has drawn up a four-point action plan with three separate timeframes to regain cost competitiveness in the global textile market, with a particular focus on competing with Bangladesh, Vietnam, and China.

As it enters 27th year, the bank is focusing on digitalisation and maintaining its reputation for trust

The estimate was based on district-wise GDP data from 2011 published by BBS