Prof MA Baqui Khalily has been reelected chairman of the Board Risk Management Committee of Bank Asia Limited at a meeting of its Board of Directors recently. 

CHT Bangladesh, a subsidiary of German textile chemical manufacturer GmbH Group, yesterday inaugurated its first factory, which was set up on 2.2 acres of land at the Meghna Industrial Economic Zone in Sonargaon of Narayanganj.

IPDC Finance Limited reported a 93 per cent year-on-year fall in profit to Tk 1.48 crore in the first quarter of the current financial year.

Bangladesh Bank yesterday asked banks to display their respective hotline in a noticeable place in all branches and sub-branches such that customers can submit allegations to authorities concerned to resolve their problems. 

The government will procure 12,500 tonnes of sugar and 1.10 crore litres of soybean oil from foreign markets so that low-income groups in Bangladesh can buy the commodities at subsidised rates, according to Sayeed Mahbub Khan, additional secretary of the Cabinet Division.

A wide gap in formal and informal exchange rate has been one of the factors behind the sharp fall in the foreign exchange reserves in Bangladesh as it shifts remittances from official channels to unofficial routes and impedes repatriation of export proceeds, said the World Bank.

National Life Insurance Company Ltd posted a 50 per cent year-on-year increase in profit to Tk 62.73 crore in 2022.

Uttara Bank Limited’s profit rose 19.72 per cent year-on-year in the January-March quarter of the current financial year.

The multilateral lender says in its latest regional economic update

67 services are now available on the One Stop Service portal

He was the first deputy chairman of Bangladesh's first Planning Commission

They also have to display BB's hotline number of 16236

IPDC Finance Limited reported a 93 per cent year-on-year fall in profit to Tk 1.48 crore in the first quarter of the current financial year.

National Life Insurance Company Ltd posted a 50 per cent year-on-year increase in profit to Tk 62.73 crore in 2022.

Uttara Bank Limited's profit rose 19.72 per cent year-on-year in the January-March quarter of the current financial year.

Potato prices have skyrocketed in Bangladesh amid a drop in production as farmers are increasingly turning to more profitable crops while poor weather conditions also lowered supply, according to market players.

The number of internet subscribers rose in March as mobile network operators and broadband service providers both bagged new customers due to increased usage of different digital services other than social media. 

Four state-run commercial banks registered 29 per cent year-on-year spike in bad loans in 2022 as the central bank’s relaxed classification rules introduced in the wake of the Covid-19 outbreak ended and their inefficient lending persisted. 

Global tech giants such as Google and Facebook will face 15 per cent withholding tax deduction from payments made by local companies against advertisements given in the digital sphere, said the National Board of Revenue (NBR).

Revenue collection growth reduced by half in March this year from a year ago, suffered by decline in income and customs tax receipts amid falling corporate earnings and a downturn in imports, which analysts say is likely to weigh on the government’s budget spending, especially for development.