Central bank says it has nothing to do with Bangladesh Bank Sangbad magazine

The use of the BB monogram by the magazine had created confusion among the financial institutions
19 December 2023, 12:11 PM

Bangladesh’s remittance expected to reach $23 billion in 2023: World Bank

The remittance is growing at 7 percent, said the Migration and Development Brief of the Global Knowledge Partnership on Migration and Development (KNOMAD), which is part of the Washington-based lender.
19 December 2023, 08:14 AM

Rooftop solar power promises $1b savings a year

A 2,000-megawatt new rooftop solar capacity could help Bangladesh save between $476 million and $1 billion annually, according to a study IEEFA
19 December 2023, 00:10 AM

Basic needs taking up majority of remittance spent

Beneficiaries of remittance in Bangladesh spend a majority of the funds received on meeting basic needs, according to a study by BBS
19 December 2023, 00:00 AM

3,388 women tenderers have so far registered for e-GP

Bangladesh Public Procurement Authority CEO shared the data
18 December 2023, 19:02 PM

July-Nov ADP spending lowest in 8 years

Around 17.06 percent of the government’s annual development programme (ADP) for the current fiscal year of 2023-24wasimplemented in the first five months, the lowest in the past eight years.
18 December 2023, 18:30 PM

Address LC concerns before Ramadan

The government should immediately form a separate fund for importers of essential goods so that they do not face any trouble in opening LCs
18 December 2023, 18:05 PM

Household income doubles in 6 years, so does spending

The monthly household average income in Bangladesh more than doubled to Tk 32,422 last year from six years ago, data from HIES 2022 showed
18 December 2023, 18:00 PM

Gold price rises again in local market

Jewellers in Bangladesh yesterday decided to increase the price of gold by Tk 1,167 per bhori (11.664 grames), according to the Bangladesh Jeweller’s Association (Bajus).
18 December 2023, 18:00 PM

14 banks face record capital shortfall

Fourteen banks, including six state-run ones, faced a record capital shortfall in the third quarter of 2023, an indication of their fragile financial health caused mainly by a lack of governance. 
18 December 2023, 18:00 PM

Corrective financial measures needed to boost economy: DCCI president

The economy is facing certain challenges pertaining to inflation and it is of utmost importance to tame inflation at whatever costs necessary, especially food inflation
18 December 2023, 13:01 PM

Sugar price will remain stable: commerce minister

Sugar price may reduce if US dollar rates fall, he says
18 December 2023, 12:24 PM

IMF charts ways to discipline money market, boost revenue

IMF has set six new benchmark conditions for Bangladesh to restore discipline in the money market and boost revenue generation.
18 December 2023, 00:10 AM

Leather sector wasting opportunities

The leather sector cannot ensure value addition of over 65 percent whereas there is potential to reach 90 percent
18 December 2023, 00:00 AM

Investors of junk stocks found value among the ruins

Stocks of Khan Brothers PP Woven Bag Industries soared 10-fold over the past year even though the company has been drowning in losses
18 December 2023, 00:00 AM

Stocks edge down, turnover up

Stocks edged down slightly while turnover rose yesterday.
17 December 2023, 18:00 PM

BB explains warning to cash-strapped Shariah banks

The central bank yesterday said it asked five cash-strapped Shariah-based banks to adjust the deficit in their current account but did not decide yet that the lenders would be removed from payment platforms. 
17 December 2023, 18:00 PM

Grameenphone launches IoT devices

The goods will help in ensuring safe home, office and transportation
17 December 2023, 14:15 PM

Forex reserves go past $20 billion mark after loans from IMF, ADB

Bangladesh's foreign currency reserves rose to $20.41 billion today after $1.09 billion in loans from two global lenders were added to the central bank’s account, said an official.
17 December 2023, 07:56 AM

Tk 1,000cr fund for cinemas, but not many takers

Complexities involving deeds offered as mortgage, lengthy procedures for availing the loans, lack of collateral, and growing demand for Netflix and other video streaming platforms are the major reasons for poor demand
17 December 2023, 00:10 AM