Forex market on the mend as remittances rebound

After a prolonged period of crisis, the foreign exchange market in Bangladesh, especially the interbank forex market, is showing signs of recovery, driven by a rebound in remittance receipts and key policy interventions by the central bank.
21 September 2024, 18:00 PM

3,000 tonnes of hilsa export to India okayed

The government has approved conditional export of 3,000 tonnes of hilsa to India citing the upcoming Durga Puja.
21 September 2024, 18:00 PM

Gold hits new high, now Tk 133,051 a bhori

Gold prices have been rising steadily for over a year in Bangladesh and crossed the Tk 100,000 per bhori mark for the first time last July.
21 September 2024, 16:09 PM

Electro Mart opens sales and display centre at Chawkbazar in Ctg

Electro Mart Limited recently launched a sales and display centre at Chawkbazar in Chattogram..Consumer electronics and home appliances products like Konka brand LED televisions, refrigerators and freezers, ceiling fan, washing machines, microwave ovens, blenders, juicers, iron, rice cooke
21 September 2024, 15:24 PM

BB should develop price index for residential properties: IMF

The index should be updated quarterly, the donor agency said
21 September 2024, 14:07 PM

Youth at the forefront: five key learnings from the UN Action Days

The Action Days, led by the United Nations Youth Office, kick-started with a youth-led afternoon, uniting stakeholders under the theme "#YouthLead for the Future: We believe in the promise of a better world for all," to build momentum for the upcoming Summit
21 September 2024, 12:19 PM

Gold breaks $2,600 barrier as Fed cut bets prolong historic run

Bullion's latest rally got a fillip after the Federal Reserve initiated an aggressive easing cycle on Wednesday with a half-percentage-point reduction
21 September 2024, 08:55 AM

'No work, no pay,' Samsung warns striking Indian workers as dispute escalates

The Samsung strike is one of the biggest in India in recent years
21 September 2024, 08:23 AM

Unrest emerges as a new threat to RMG recovery

The number of apparel work orders received by Bangladeshi companies from international retailers and brands for the autumn and winter seasons of 2025 dropped by nearly 10 percent compared to the past due to major shocks from the nationwide student movement and labour unrest in major industrial belts over the past two and half months.
20 September 2024, 18:00 PM

Stocks close in the black

The stock market in Bangladesh closed in the black with the major index crossing the 5,700-point mark yesterday as investors cautiously traded lucrative shares of blue-chip and large-cap sectors amidst price fluctuations..A blue chip is a nationally or internationally recognised, well-esta
19 September 2024, 18:04 PM

Fed’s bumper rate cut fuels gold’s rally

Gold prices climbed 1 percent on Thursday after the US Federal Reserve embarked on an easing cycle by slashing interest rates and powering bullion to all-time highs, coming just a few cents shy of $2,600 in the previous session.
19 September 2024, 18:00 PM

A leader is as good as his team

We often say “a leader is as good as his team.” It is like making a perfect cup of tea -- sure, the leader might be the one pouring it, but without the right blend of tea leaves, sugar and milk, it is just hot water.
19 September 2024, 18:00 PM

Indian firms use currency swaps to lower borrowing costs

Indian firms are opting for cross-currency swaps to convert part of their rupee debt into dollars in an attempt to trim borrowing costs as US interest rates decline, six bankers told Reuters.
19 September 2024, 18:00 PM

BTRC’s independence eroded over the years

Restoring the Bangladesh Telecommunication Regulatory Commission’s (BTRC’s) independence by reverting to the original legal framework should be a priority for reform, according to its new chairman Major General (retd) Emdad Ul Bari.
19 September 2024, 18:00 PM

WB to provide $2.3b this fiscal year

The World Bank (WB) will provide Bangladesh with $2.3 billion in the current fiscal year (2024-25) to facilitate reforms in the country’s financial sector and its economic recovery from recent floods.
19 September 2024, 18:00 PM

Bangladesh not exporting hilsa to India this year

Bangladesh will not export hilsa fish to India on the occasion of Durga Puja in October, according to a top commerce ministry official, discontinuing a long-standing tradition of the country as a “goodwill gesture” to its neighbour.
19 September 2024, 18:00 PM

Tyre makers gear up to fill void left by Gazi

Tyre makers in Bangladesh are ramping up production in a bid to expand their market share by catering to a potential supply shortage that may arise from the recent destruction of the Gazi Tyres factory in Rupganj upazila of Narayanganj.
19 September 2024, 18:00 PM

Korea-Bangladesh Chamber signs deals with KOPA, KOIMA in Seoul

The Korea-Bangladesh Chamber of Commerce & Industry (KBCCI) signed deals with the Korea Packaging Association (KOPA) and the Korea Importers Association (KOIMA) in Seoul recently, according to a press release .A KBCCI delegation, led by Park Young-sik, ambassador of Korea to Bangladesh, v
19 September 2024, 15:48 PM

Bank Asia puts Deshbandhu Sugar’s collateral on auction

The lender invited bids from interested buyers for properties mortgaged by the company in the capital's Uttarkhan, Uttara Residential Model Town and Bashundhara.
19 September 2024, 15:04 PM

WB to support reforms to promote Bangladesh growth 

World Bank (WB) Vice President for South Asia Martin Raiser affirmed the bank’s commitment to support critical reforms to promote inclusive and sustainable growth of Bangladesh
19 September 2024, 11:24 AM