Infrastructure Development Company Ltd (Idcol) declared a dividend of Tk 120 crore, including Tk 70 crore in cash, for fiscal year 2022-23 at its 26th annual general meeting recently. 

HSBC Bangladesh has won “International Retail Bank of the Year” and the “Best Marketing and Brand Initiative of the Year 2023” awards by the Asian Banking and Finance, a publication for banking and finance executives in Asia.

A recent decision by the Indian government requiring firms to get a licence to import personal computers could hinder the country’s efforts to improve the ease of doing business, said trade experts and industry watchers.

The number of bank branches in Bangladesh rose to 11,212 in June 2023, up 2.11 percent year-on-year, according to central bank data.

Transactions through cards hit an all-time high in June thanks to increased economic activities during Eid-ul-Azha as consumers enthusiastically embraced the spirit of the occasion by making purchases.

Bureau 555, a joint venture between two entrepreneurs of Bangladesh and the United Kingdom, has been facilitating garment exports through the country’s first digital fabrics development facility in Gulshan, Dhaka.

The Bangladesh Bank has raised the interest rate for the loans secured from the Export Facilitation Pre-finance Fund (EFPF) and the refinance scheme for pre-shipment credit as part of its efforts to make rates market-based.

Deposit growth of shariah-based banks in Bangladesh plunged in 2022 mainly due to lower confidence among savers after a number of scams in the sector were unearthed by the central bank.

Bangladesh’s currency taka depreciated by 13.3 percent against the US dollar in 2022, said Financial Stability Report 2022 of Bangladesh Bank. 

Thailand’s inflation rate is the lowest among the seven Asean countries which have already announced their rates, with inflation for the whole year expected to range between 1 per cent and 2 per cent, according to Poonpong Naiyanapakorn, director of the Commerce Ministry’s Trade Policy and Strategy Office.

Refiners have cut edible oil and sugar prices by 3 percent or Tk 5 a litre/kilogramme.

Pubali Bank Ltd organised the “2nd Branch Managers’ Conference-2023” for Sylhet region’s officials of the bank at Sylhet Station Club recently.

Banks in Bangladesh were bottom-ranked in 2022 among South Asian lenders when it comes to capital base, owing largely to rising non-performing loans. 

Interest rate for loans from the Export Facilitation Pre-finance Fund will be 5 percent, up from 4 percent

Dongwoo BD Ltd will produce PU synthetic leather

The rates will be effective from tomorrow

The government would import eggs if the price of the low-cost source of protein keeps an upward trend, said Commerce Minister Tipu Munshi.

A dozen eggs now cost the same as 1kg broiler chicken

A majority of banks in Bangladesh are facing difficulties in running their day-to-day banking activities owing to a tightening liquidity caused by the dragging foreign currency crisis, slower deposit growth and lacklustre loan recovery. 

Although wage growth in Bangladesh has been slowly climbing since July 2021, it has remained below the inflation rate for the past 18 months consecutively, according to the Bangladesh Bureau of Statistics (BBS).