Padma Bank MD resigns

NRB Bank appoints him as MD after that
23 April 2024, 12:43 PM

Depositors’ money in merged banks will remain completely safe: BB

Accountholders of merged banks will be able to maintain their respective accounts as before
23 April 2024, 12:14 PM

Meghna Insurance’s profit slightly down, recommends 10% cash dividend 

Meghna Insurance Company Ltd made a profit of Tk 5.16 crore in 2023, down slightly from Tk 5.28 crore in the previous year
23 April 2024, 06:46 AM

Is commodity market competitive? Experts have different views

Syndication has become a buzzword among consumers in Bangladesh, particularly in relation to the abnormal price hike of essential commodities over the past several years.
23 April 2024, 03:00 AM

Tax receipts rise 15% in July-March, close to IMF target

Bolstered by rising value-added tax (VAT) collection and increased income tax receipts, the tax administrator logged Tk 259,866 crore in total revenue in the July-March period of the current fiscal year, according to the NBR’s provisional estimates.
23 April 2024, 00:55 AM

Allure of bonds, forced selling blamed for stock market rout

In the two and a half months preceding last Sunday, the DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 794 points, or 12 percent.
23 April 2024, 00:55 AM

BGMEA again seeks duty-free garment exports to US market

At the meeting, the BGMEA also urged the USTR to put pressure on US clothing retailers and brands to increase the per unit price paid for garment items sourced from Bangladesh.
23 April 2024, 00:55 AM

Govt's debt servicing for foreign loans surges 49%

In the July-March period of fiscal year 2023-24, the government paid $1.05 billion in interest, which is 117 percent higher than the $485 million it paid during the same period a year ago.
23 April 2024, 00:55 AM

Stocks break five-day losing streak

Stocks in Bangladesh yesterday staged a comeback, breaking a five-day losing streak as investors regained some confidence in the market after learning that the regulator is working to revitalise trading.
22 April 2024, 18:00 PM

3rd Loan Tranche: IMF team to focus on four key areas

During its visit to Dhaka, the International Monetary Fund’s review mission will focus on Bangladesh’s foreign exchange reserves, inflation rate, banking sector, and revenue reforms.
22 April 2024, 18:00 PM

Robi records a massive 153% jump in profit

It made Tk 106.7 crore in 2024’s Q1, up from Tk 42 crore in 2023’s Q1
22 April 2024, 15:35 PM

Aziz Mohammad Bhai buys 27 lakh new shares of Olympic Industries

He now holds 17 percent or Tk 499 crore worth of shares of the company
22 April 2024, 14:04 PM

Bangladesh govt's debt servicing for foreign loan soars

In the July-March period of the fiscal year 2023-24, the government paid $1.05 billion, which is 117 percent higher year on year
22 April 2024, 05:59 AM

Abu Saeed Khan, a telecom policy analyst, loses cancer battle

Abu Saeed Khan, the country's leading telecom policy expert, passed away at 8:35 am today at the Combined Military Hospital (CMH)
22 April 2024, 04:37 AM

Sonali Bank, BDBL get nod from boards for merger

The board of directors of BDBL approved the merger plan in an emergency meeting on April 8, said Md Habibur Rahman Gazi, managing director and CEO of the bank.
22 April 2024, 00:47 AM

Unearth real data of bad loans

At the end of December 2023, Bangladesh's banking sector had NPLs worth Tk 145,600 crore, around 9 percent of total outstanding loans, central bank data showed.
22 April 2024, 00:47 AM

Govt may lower corporate tax to encourage compliance

The National Board of Revenue will likely propose reducing the tax on corporate profits by 2.5 percentage points for both listed and non-listed companies.
22 April 2024, 00:47 AM

Sugar market: from state to private control

Five companies are enjoying an oligopoly in the sugar market, which was worth more than Tk 9,000 crore in fiscal year 2022-23, as they have expanded their refining capacities to meet increasing demand.
22 April 2024, 00:47 AM

US sets 11 conditions for more investment in Bangladesh

Bangladesh and the US had signed the Ticfa on November 25, 2013 to establish an annual forum to identify and address obstacles to increasing bilateral trade and investment.
22 April 2024, 00:03 AM

Stocks drop for fifth day

The benchmark index of Dhaka Stock Exchange (DSE) extended its losing streak for a fifth consecutive trading day yesterday.
21 April 2024, 18:00 PM