Additional secretary to the shipping ministry SM Ferdous Alam has been appointed chairman of Bangladesh Inland Water Transport Corporation (BIWTC) recently. 

Brac Bank achieved a 32 per cent year-on-year growth in net profit in 2022.

Wholesale and retail prices of edible oil in Dhaka and Chattogram have started rising since the end of last month when refiners proposed that the government increase the rates. 

Union Bank Limited made a Tk 162.69 crore profit in 2022, slightly up from a year earlier.

A new record was set yesterday over the number of tenders opened in a day in the electronic government procurement (e-GP) system.  

The Bangladesh Securities and Exchange Commission (BSEC) has further relaxed the conditions related to securing margin loans for buying stocks in a bid to boost the country’s ailing capital market.

Two major sectors -- garments, leather and leather products -- had recorded growth in export until March of the current fiscal year 2022-23 while other major sectors suffered a downturn.

The recent bank turmoil in the US has awakened ghosts of past financial crises. While the likelihood of a fully-fledged crisis seems limited, it cannot be ruled out. Policymakers in the region must act now to shield their economies from possible negative spillovers.

Businesses are set up to make a profit. We all understand that. But to what extent that profit would be made?

The Parer Tong village in Ashidron union under Sreemangal upazila of Moulvibazar is widely known as Korola’r Gram, or bitter gourd village, by vegetable wholesalers and traders all over Bangladesh.

Sugar prices have risen at wholesale and retail markets in Dhaka and Chattogram due to an ongoing supply crunch.

The taka has lost its value further against the US dollar after the Bangladesh Bank sold the greenback at Tk 104.5 as the foreign exchange reserves keep falling.

Exports and remittances, two major sources of foreign currencies for Bangladesh, plunged in April, a bad omen for the economy as it deals with multiple challenges, including a dollar crisis, an elevated level of import costs and falling reserves. 

Sumit Podder has joined Bangladesh Finance Capital, a subsidiary of non-bank financial institution Bangladesh Finance, as managing director (MD) and chief executive officer.

Bangladesh General Insurance Company has recently appointed a new additional managing director (AMD). 

Romo Rouf Chowdhury has been re-elected as the chairman of Bank Asia Limited at a meeting of the board of directors held on April 30, 2023.

NRB Commercial Bank Limited posted a 14.35 per cent year-on-year decline in profit to Tk 193.48 crore in 2022 owing to an additional provision that was set aside and an extra tax burden.

National Bank Ltd suffered more than Tk 3,200 crore in loss in 2022 owing to the waiver in interest and the decrease in interest incomes for rising non-performing loans.  

The Bangladesh Bureau of Statistics (BBS) is taking necessary preparations to publish quarterly reports on the country’s gross domestic product (GDP) from next year.

Bangladesh’s exports to India may increase by 300 per cent in a year if the multimodal transport connectivity, including roads and highways, waterways, coastal shipping and railway, can be optimally utilised, said Pranay Kumar Verma, Indian high commissioner to Bangladesh, yesterday.