A day after hiking the policy rate, the Bangladesh Bank today raised the lending rate to 10.70 percent in order to tame the skyrocketing inflation.

The new Drugs and Cosmetics Act 2023 will help the pharmaceuticals sector of Bangladesh get rid of adulterated and substandard medicines and climb to the next heights, manufacturers say. .The inclusion of rigorous punishment for offences will also be beneficial, they say. In the Drugs (Con

Amid criticisms over the delay in squeezing money supply, the Bangladesh Bank yesterday made borrowing costlier as it raised the policy rate by 75 basis points to 7.25 percent to step up its fight against inflation..This is the sharpest pace of rate increase in at least a decade, said a ce

European Parliament and European Commission, parts of European Union (EU), will see whether Bangladesh’s labour laws conform to international standards to provide preferential trade benefits under a proposed GSP Plus, said EU Ambassador to Bangladesh Charles Whiteley yesterday.

Bangladesh’s foreign currency reserves would be less than $18 billion if the central bank's liabilities are considered, according to Zahid Hussain, a former lead economist of the World Bank's Dhaka office..The central bank is regularly publishing its gross foreign reserves in line with the

Bangladesh’s financial account deficit has kept widening as the flow of US dollars into the country is not picking up, in an indication that the pressure on the foreign exchange regime will persist in the upcoming days. .The financial account, a key component of a country’s balance of pay

Over the past few years, the global economy and the international trade system have experienced a number of extensive shocks, which have had a critical impact on our SMEs. Despite speedy and remarkable support from the government for the SMEs at the time of the coronavirus pandemic, the invasion

Default loans in the banking sector shot to a historic high at the end of June this year owing to rising non-performing loans (NPLs) at state-owned commercial banks, said Bangladesh Bank (BB) yesterday. The amount of NPLs at the state banks stood at Tk 74,450 crore, up 28.45 percent from

A bhori will cost Tk 97,044 from tomorrow

WB country director shared the information in a meeting with Planning Minister MA Mannan

The 75 basis-point rise in policy rate will be effective from Oct 5

EU Ambassador Charles Whiteley says at DCCI, EU seminar

Bangladesh’s net foreign currency reserves would be less than $18 billion if the central bank’s liabilities are considered, said Zahid Hussain, a former lead economist of the World Bank's Dhaka office, today.

Bangladesh Bank today explained to the International Monetary Fund (IMF) the reasons behind the failure to meet the target on foreign currency reserves, one of the six conditions set by the global lender for its $4.7 billion loan programme.

Deshbandhu Polymer Limited posted a 25.5 percent year-on-year increase in profit in the last financial year.

Sustainable and environment-friendly practices adopted by a section of Bangladesh’s garment and textile manufacturers are mainly a marketing strategy driven by self-motivation, according to a new study of the Centre for Policy Dialogue (CPD).

Bangladesh Bank yesterday allowed individuals aged between 14 and 18 to create MFS accounts with their parents’ approval in a move that could boost digital transactions.

Bangladesh’s financial sector vulnerabilities may worsen due to an increase in bad loans and create further pressure in terms of liquidity in the banking system, warned the World Bank (WB) yesterday.

Private sector credit growth in Bangladesh has continued to dip in recent months, with banks and borrowers adopting a go-slow strategy amidst the stress on the economy and growing apprehensions of a political crisis centring the upcoming parliamentary elections.

Food inflation in Bangladesh stayed above 12 percent for the second consecutive month in September as prices showed no signs of cooling down, hitting the pockets of the consumers who spend most of their incomes to feed their families.