Chinese tech giant Huawei said Thursday that sales surged in the first half of the year, even as it struggles under the weight of sanctions that have deprived it of technology from the United States.

The International Chamber of Commerce Bangladesh (ICCB) has come up with six recommendations for the interim government to bring about reforms in the country’s banking, tax, trade and business activities.

Human nature has an innate tendency to escalate demands once an initial concession is made, and thus, the saying goes “If you let someone sit, he wants to eat; if you let him eat, he wants to sleep”.

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday.

Bangladesh Bank Governor Ahsan H Mansur yesterday urged banks to be compassionate, humane and empathetic when dealing with farmers who fail to repay loans for genuine and understandable difficulties.

Bangladesh’s overall external deficit nearly halved in fiscal year (FY) 2023-24, hitting the lowest mark in three years, a positive development which is expected to ease the pressure on forex reserves and reduce exchange rate volatility.

The committee tasked with formulating a white paper on Bangladesh’s economy will assess the extent of corruption in the country and identify the reasons behind it, according to Debapriya Bhattacharya, a distinguished fellow at the Centre for Policy Dialogue (CPD).

Reconstituting the board of directors of ailing banks is the first step towards bringing good governance and discipline to the banking sector, according to Bangladesh Bank Governor Ahsan H Mansur.

The control of influential businessman Nazrul Islam Mazumder over Exim Bank ended yesterday as the Bangladesh Bank reconstituted the board of the Shariah-based lender.

Flash floods across parts of the country, the lingering effects of recent nationwide political upheaval, and persistent inflationary pressure have prevented business activities from getting back on track, according to businesspeople.

The latest move is a part of dozens of instructions given by the BFIU to lock accounts of top functionaries, including ministers, of the immediate past Awami League (AL) government.

The bank has also got new faces in the top tier

The Bangladesh Securities and Exchange Commission (BSEC) decided to freeze the beneficiary owner’s (BO) accounts of 20 investors linked with several former ministers and former members of parliament

BB forms new five-member board for Exim, keeping three shareholder directors unchanged

The 12-member panel held its first meeting today, the next one on Sep 3

The rating agency expects India's economy to expand 7.2% in 2024 from 6.8% previously

The banks have to disburse Tk 38,000 crore in FY25, a target 8.75% higher year-on-year

The DSEX, the benchmark index of the Dhaka Stock Exchange (DSE), rose 29 points, or 0.51 percent, to 5,786 until 12.40 pm

The global IT outage on July 19 serves as a stark reminder of our vulnerability to technological failures

In the first seven months of this year, local governments have issued only 45.5% of their 3.9 trillion yuan special debt quota