Former land minister Saifuzzaman Chowdhury Javed compelled UCB board members to resign and former prime minister Sheikh Hasina was aware of this, according to the lender’s new Chairman Sharif Zahir.

The Federal Reserve is gearing up to announce its first interest rate cut for more than four years on Wednesday, with policymakers expected to debate how big a move to make less than two months before the US presidential election.

The banking sector of Bangladesh has expanded over the years in terms of the number of formal financial institutes and types of financing instruments and products available in the country.

The committee studying the financial state of British business did not pull its punches. After a lengthy investigation, the government-appointed panel of economists and experts concluded UK financial institutions were less supportive of domestic companies than their rivals in Europe and the United States. To revive the sluggish economy and moribund stock market, the group recommended sweeping reforms to funnel long-term capital to industry.

It has been nearly a month that an automobile dealer has been waiting for a container loaded with reconditioned parts to reach the inland container depot (ICD) at Kamalapur, Dhaka from the Chattogram port over railway..The parts, imported by M/s Partsco Automobiles of Munshiganj’s Sirajdik

Stock brokerage firms have urged the government to form a taskforce for the capital market to support its growth and to carry out necessary reforms

The Bangladesh Securities and Exchange Commission (BSEC) has ordered the Dhaka Stock Exchange (DSE) to investigate the unusual price surge of Khan Brothers PP Woven Bag Industries

The United States Agency for International Development (USAID) will provide $202.25 million in aid to Bangladesh as part of the Development Objective Grant Agreement

Most factories in the Ashulia area resumed operations today, while 20 factories remain shut in the Ashulia Industrial area, police said. 

Prices of Indian onion are dropping in Bangladesh, as the neighbouring country on Friday withdrew the restriction of “minimum export price” at $550 per tonne and slashed export duty to 20 percent from 40 percent.

Lately, I have been receiving calls from friends and family asking which banks are safe or if they should withdraw their deposits from a particular bank.

Prompt steps are needed to address the workers’ demands and quell the ongoing labour unrest, said Socialist Labour Front President Razekuzzaman Ratan.

An International Monetary Fund (IMF) delegation due to arrive later this month will assess Bangladesh’s potential financial needs as the country sought a fresh $3 billion loan from the multilateral lender.

The workers’ demands are logical so owners should sit together to address this and restore stability to the garment industry, the country’s largest export-earner, said Kalpona Akter, president of Bangladesh Garment & Industrial Workers Federation.

City Bank PLC is investigating how and why it spent about Tk 86 crore, or roughly one-third of its total market exposure, on purchasing shares of Sea Pearl Beach Resort and Spa Ltd in 2023, according to bank officials.

Ride-hailing firm Pathao yesterday announced that it had raised $12 million to ramp up its fintech offerings in a much-needed boost for Bangladesh’s start-up ecosystem, which has been grappling with shrinking funding in recent times.

American companies operating in Bangladesh yesterday expressed concern over the law and order, especially in light of the recent unrest in industrial zones, and also highlighted issues regarding profit repatriation amid the ongoing dollar crisis and challenges in the supply chain resulting from congestion at ports.

The price of gold will increase by 2.8 percent from the previous rate of Tk 126,321 a bhori, which has been effective since September 2.

The interim government will not bring down the revenue collection target for the current fiscal year as it aims to mobilise more domestic resources to reduce reliance on foreign loans, according to Finance and Commerce Adviser Salehuddin Ahmed.

The garment factory owners today decided to shut down their production units from tomorrow under “no work no pay” policy for an indefinite period if the labour unrest continues further