Personal guarantee against corporate lending - how effective it is

What is the fate of personal guarantee and how effective and forceful is this when it is not defined, quantified and clearly identified and lenders have no control over it
25 September 2024, 11:55 AM

DSE asked to investigate unusual price hike of Islami Bank share

Share price of the bank hit Tk 70.4 today, up from Tk 32.6 on August 6
25 September 2024, 11:13 AM

Mitsubishi launches Outlander Sport SUV for Bangladesh market

The 1,499 cc vehicle is priced at Tk 49.5 lakh
25 September 2024, 09:51 AM

ADB cuts Bangladesh’s growth forecast due to political unrest

The ADB has lowered its forecast for Bangladesh’s economic growth to 5.1 percent for the current fiscal year, primarily due to supply disruptions caused by political unrest in July and August 2024
25 September 2024, 04:23 AM

Stocks rise for second day

The stock markets in Bangladesh rose for a second consecutive day yesterday as investors made cautious purchases of lucrative blue-chip shares hoping for corporate companies to soon make healthy earnings disclosures..Islami Bank Bangladesh, Beacon Pharmaceuticals, Grameenphone, Olympic Ind
24 September 2024, 18:11 PM

Akij Ceramics launches big tiles

Akij Ceramics has launched a range of tiles sized 100x100 centimetres considering the huge demand for such products in Bangladesh..The tiles feature a high gloss finish that enhances the spaciousness of interiors, providing a seamless and luxurious look..They are designed to elevate
24 September 2024, 18:09 PM

BB won’t print taka or sell dollar to tackle crisis

The central bank will not print money or sell dollars from reserves to solve the problems in the financial sector, said its governor Ahsan H Mansur yesterday.
24 September 2024, 18:00 PM

Little to show for Tk 65,000cr spent on ICT

The telecommunications and ICT sectors failed to make expected progress despite making a massive investment of Tk 65,000 crore between 2010 and August 2024, according to a recent statement from the telecom ministry.
24 September 2024, 18:00 PM

Shakib fined Tk 50 lakh for stock manipulation

The Bangladesh Securities and Exchange Commission (BSEC) yesterday fined cricketer Shakib Al Hasan Tk 50 lakh for manipulating the share price of Paramount Insurance in 2023.
24 September 2024, 18:00 PM

World Bank’s IFC investments hit record $56b in FY24

Investments from the World Bank’s private investment arm hit a record $56 billion in its financial year to end-June, the lender’s managing director told Reuters.
24 September 2024, 18:00 PM

Stocks rise for second day

The stock markets in Bangladesh rose for a second consecutive day yesterday as investors made cautious purchases of lucrative blue-chip shares hoping for corporate companies to soon make healthy earnings disclosures.
24 September 2024, 18:00 PM

Lovello faces probe over unusual share trading

The Bangladesh Securities and Exchange Commission (BSEC) ordered the Dhaka bourse to investigate the unusual movement of the price and volume of shares of Taufika Foods and Lovello Ice-Cream PLC.
24 September 2024, 18:00 PM

A game changing model for boosting remittance

Bangladesh has been experiencing a severe forex crisis for the past two years. Our two main sources of foreign currency are exports and remittances. While we have devoted significant attention to increasing exports, we have largely neglected the potential of remittances. In the past fiscal year, exports have been in the range of $47 billion.
24 September 2024, 18:00 PM

China unveils fresh stimulus to boost ailing economy

China unveiled some of its boldest measures in years on Tuesday aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressure and high youth unemployment.
24 September 2024, 18:00 PM

IMF mission wants workplan on revenue mobilisation, inflation

A fact-finding mission of International Monetary Fund (IMF) yesterday sought to know about the interim government’s workplan for revenue mobilisation, curbing inflation and increasing foreign exchange reserves alongside reform initiatives for the banking sector.
24 September 2024, 18:00 PM

Factory owners accept all 18 demands of RMG workers

Garment factory owners in Bangladesh have accepted all 18 of the demands of the workers, such as ensuring provisions for tiffin and night allowances, to tame ongoing unrest in the sector.
24 September 2024, 18:00 PM

BB hikes policy rate further

The Bangladesh Bank (BB) yesterday further hiked the policy rate, a key tool of the monetary policy, as the interim government prioritises cooling off the red-hot prices of essential items.
24 September 2024, 18:00 PM

India-funded projects hit an impasse

Work on eight rail and road projects financed by India has remained halted for one and a half months, causing further delays to the already drawn-out projects.
24 September 2024, 18:00 PM

Motorcycle sales drop amid high inflation, political changeover

The two-wheeler market is facing a product shortage
24 September 2024, 16:20 PM

Former Islami Bank chairman returns home after a decade

Abu Nasser Muhammad Abduz Zaher resigned from the bank and left for London in 2015
24 September 2024, 15:33 PM