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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

The two-wheeler market is facing a product shortage

Abu Nasser Muhammad Abduz Zaher resigned from the bank and left for London in 2015

Jewellers raised 22-carat gold prices by Tk 2,612 per bhori

Bangladesh Bank today hiked the policy or repo rate, at which commercial banks borrow from the central bank, by 50 basis points to 9.50 percent to rein in inflation

The garment factory owners have agreed to raise the workers’ attendance bonus by Tk 225 and tiffin and night allowance by Tk 10 to restore normalcy in the production units

Amid the ongoing labour unrest, three more garment factories in the Ashulia industrial area were declared closed today under the “no work, no pay” provision of the labour law, bringing the total number of closed factories to 55

BFIU has directed banks to freeze all accounts belonging to Anisuzzaman Chowdhury Ronny, a former director of United Commercial Bank, and brother of former land minister Saifuzzaman Chowdhury Javed, along with his family members.

Stocks in Bangladesh mostly bounced back yesterday after falling the day before as investors made fresh bets on lucrative scrips in anticipation of the earnings disclosures of listed corporates for the July-September period this year..Investors expressed optimism about the return of good g