Already struggling on providing a huge amount of loans to S Alam Group, Islami Bank Bangladesh is now in uncertainty over getting back Tk 8,279 crore it had provided as liquidity support to four banks and one non-bank financial institution (NBFI). 

The interim government will form a task force to recover money illegally taken out of Bangladesh, said Finance and Commerce Adviser Dr Salehuddin Ahmed yesterday. 

After four days of closure, apparel production resumed in the Ashulia and Gazipur industrial belts yesterday morning amid tight security.

German industrial orders rose for a second consecutive month in July, official data showed Thursday, but analysts said it wasn’t enough to brighten the outlook for struggling Europe’s top economy.

Linde Bangladesh Ltd has approved a staggering 4,100 percent cash dividend, the highest disbursement since its listing on the Dhaka Stock Exchange (DSE).

In a local company, two sales managers, Reaz and Mohsin, both graduates from the same university, faced a stark difference in their career paths.

US job openings dropped to a 3-1/2-year low in July, suggesting the labor market was losing steam, but the reduction on its own is probably not enough to warrant a half-percentage-point interest rate cut by the Federal Reserve this month.

The Bangladesh Bank (BB) yesterday eased the process of importing raw materials and capital machinery in order to improve the business situation and ensure the supply of essential consumer goods to the local market.

The acute container backlog at the Chattogram port has started to ease, albeit at a snail’s pace, thanks to daily deliveries and transfers over the past week following the resumption of vehicular movement on the Dhaka-Chattogram highway.

The government has decided to review the deals signed under the Quick Enhancement of Electricity and Energy Supply (Special Provision) Act 2010, commonly known as the indemnity act for the power and energy sector.

The National Board of Revenue (NBR) has reduced taxes on the import of onions and potatoes to boost supply and curb the rising prices of these essential items.

Nine foreign commercial banks in Bangladesh boast 27.73 percent female representation in their workforce, the highest in the sector, according to a report.

In 2022, the BB had asked banks to take up to 100 percent of the payment in advance from businesses while opening LCs for luxury and non-essential items in an effort to keep forex reserves stable.

The government will form a taskforce to recover money syphoned out of Bangladesh, said Finance and Commerce Adviser Salehuddin Ahmed

The National Board of Revenue (NBR) has reduced taxes on the import of onions and potatoes to boost supply and curb the rising prices of these essential items

Stocks in Bangladesh yesterday maintained their losing streak for the third consecutive day as skittish investors made fresh bets on lucrative blue-chip and large-cap shares to pocket short-term gains amid price fluctuations..Shares of Square Pharmaceuticals, Southeast Bank, Khan Brothers

In a first for Bangladesh, the country’s interim government is going to import liquified natural gas (LNG) purchased from the spot market in accordance with the Public Procurement Rules 2008.

Bangladesh Bank Governor Ahsan H Mansur requested customers to keep calm regarding the crisis plaguing over half a dozen ailing banks, expressing optimism that their situation would turn around soon.

The scope for legalising undisclosed income without facing any questions remains as the tax administration has not scrapped the provision of whitening black money in case of the purchase of flats and land, raising criticism.

Taxation rules and processes, including that for income, needs to be revised and automated to make it easy for cottage, micro, small and medium enterprises to run business, Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.