BB makes money costlier to tame inflation

The Bangladesh Bank yesterday announced an array of measures to bolster its fight against stubbornly high inflation, a major headache for the new government.
17 January 2024, 18:00 PM

BB rate hike may help contain inflation but will impact private credit

Increasing policy interest rate to contain inflation likely to affect business and impact banking liquidity, according to two leaders of top chambers
17 January 2024, 15:42 PM

Governor defends liquidity support to cash-strapped Islamic banks

BB's liquidity support to cash-strapped Islamic banks are as per the governor's power, says BB chief Abdur Rouf Talukder
17 January 2024, 15:42 PM

Understanding the key points of the monetary policy

The Bangladesh Bank unveiled its monetary policy for the second half of the current fiscal year, with the goal to tame runaway inflation, which has been a concern for the past two years. Here are the major points of this monetary policy, and how they might -- at least in theory -- ensure a smooth economic journey for Bangladesh over the next six months.
17 January 2024, 13:46 PM

Lingering Red Sea crisis pushes up trade costs for Bangladesh

The Red Sea crisis is affecting Bangladesh's international trade as costs have increased
17 January 2024, 01:45 AM

Policy rate hike looms again as previous attempts yield little success

To tame inflation, BB is likely to increase the policy rate further
17 January 2024, 01:15 AM

Banks barred from transferring forex to offshore branches

BB yesterday barred banks from transferring foreign currency to their offshore units
17 January 2024, 00:36 AM

Annual import of consumer-oriented products rises to $2b

Bangladesh has seen an increase in import of products such as dairy, fruits driven by demand form the middle-class
17 January 2024, 00:36 AM

USD shortage, inflation slowing automobile sales

Automobile sales in Bangladesh recorded the steepest fall in profits among all sectors in fiscal 2022-23
17 January 2024, 00:00 AM

Sheltech Ceramics raises Tk 150cr

Sheltech Ceramics, a ceramics manufacturing company and a concern of Sheltech Group, has raised Tk 150 crore by issuing non-convertible cumulative preference shares.
17 January 2024, 00:00 AM

Building ethical foundations in a challenging terrain

In a business world plagued by unethical practices, adhering to ethical standards may seem idealistic to most - due to deeply ingrained practices. They leverage the unethical system for personal gain, acclaiming it as a “pragmatic survival strategy”. However, pursuing wealth and fame through unethical practices often lands them in prison.
16 January 2024, 18:36 PM

Repayment to rise 63pc in three years

The government’s foreign debt repayment is expected to increase as much as 63 percent by fiscal year 2025-2026 from the last financial year, indicating renewed pressure on the country’s coffers
16 January 2024, 18:00 PM

Priorities that should top new govt’s to-do list

Restoring macroeconomic stability and resuming growth momentum are factors the new government should prioritise, said Sadiq Ahmed
16 January 2024, 01:35 AM

Pharma profit falls for first time in five years as costs escalate

Rising production cost is the primary reason for the shrinking profits of pharma companies in Bangladesh
16 January 2024, 01:06 AM

Output falls 25% for packaging industry amid lower demand

Under supply of raw materials and a decline in demand resulted in contraction of 25 percent in 2023 for packaging industry
16 January 2024, 01:00 AM

Five key rules to grow your income

Saving a handsome amount from regular incomes is mostly difficult and takes a long time. An extra income is a blessing to grow your savings faster. But how can you earn extra money?
16 January 2024, 00:35 AM

It's peak season for potato, but prices are still high. Here’s why

A supply disruption is causing the consumers to pay more for purchasing potatoes
15 January 2024, 15:40 PM

FMO to give $50m loan to Prime Bank for sustainability initiatives

FMO, a Dutch entrepreneurial development bank, will provide a term loan of $50 million to Prime Bank to amplify the latter’s commitment to inclusivity and sustainability.
15 January 2024, 12:23 PM

Dollar crisis puts small and medium firms on weaker footing

Dollar crisis along with LC opening difficulties is giving small and medium firms no respite
15 January 2024, 01:15 AM

Govt to build two fertiliser factories

The government is planning to set up two fertiliser factories for the country to become self-sufficient in fertiliser production, said Industries Minister Nurul Majid Mahmud Humayun yesterday.
15 January 2024, 01:00 AM