Exclusive: How a secret software change allowed FTX to use client money

In mid-2020, FTX's chief engineer made a secret change to the cryptocurrency exchange’s software.
14 December 2022, 12:50 PM

Stocks snap three-day gains

The Dhaka and Chattogram stock exchanges snapped a three-day advance yesterday after investors booked profits.
14 December 2022, 12:43 PM

Stocks snap 3-day’s gains

Stocks in Bangladesh edged down today, snapping the last three days’ gains.
14 December 2022, 07:20 AM

Inflation puts the squeeze on sales of Benarasi saris

The rising cost of living that stems from higher prices for essential goods has affected the Benarasi Palli in Dhaka’s Mirpur, where traders say sales have dipped by almost half despite it being the peak season.
14 December 2022, 02:30 AM

High cost of living takes a toll on bank deposits

The deposit growth in banks of Bangladesh has slowed as many people saw their capacity to save dwindle amid the higher cost of living.
14 December 2022, 02:00 AM

Long-term finance key to affordable housing

Availability of long-term finance, collaboration among policymakers and proper databases are key to ensuring affordable housing for all, said experts at a seminar yesterday. 
13 December 2022, 18:00 PM

IFC offers $32.5m to Agrocorp

The International Finance Corporation (IFC) is providing a $32.5 million loan to Agrocorp International Pte Ltd, a Singapore-based company that supplies wheat and pulses to Bangladesh, in order to improve food security in the South Asian country.
13 December 2022, 18:00 PM

SSLCOMMERZ gets payment system operator licence

SSLCOMMERZ Limited has received a licence from the central bank to run operations as a payment system operator.
13 December 2022, 18:00 PM

7 Bangladeshi banks under review for downgrade

Moody’s Investors Service has placed 7 Bangladeshi banks’ long-term ratings and assessments on review for downgrade, said the global rating agency on Monday.
13 December 2022, 18:00 PM

New MD for SBAC Bank

South Bangla Agriculture and Commerce (SBAC) Bank has appointed a new managing director and CEO.  
13 December 2022, 18:00 PM

Beximco enters board of Shipping Corporation

Bangladesh Shipping Corporation (BSC) has appointed a board member nominated by Bangladesh Export Import Company Limited (Beximco).
13 December 2022, 18:00 PM

Stocks creep up as turnover surges

The Dhaka and Chattogram stock exchanges extended their gains yesterday as transactions rose sharply amid the active participation of investors.
13 December 2022, 18:00 PM

Two BSRM companies suffer losses in Jul-Sep

Bangladesh Steel Re-Rolling Mills Limited and BSRM Steels Limited suffered losses in the first quarter of the current financial year owing to the increase in foreign currency conversion rate, the shortage of power supply, and the rise in production costs.
13 December 2022, 18:00 PM

Raw material import now troublesome

The cement industry is facing trouble importing raw materials as the country’s reserves of the US dollar was falling, according to Bangladesh Cement Manufacturers Association (BCMA). 
13 December 2022, 18:00 PM

Short-term foreign loans allowed for import

Businesses will be able to import eight essential items centring upcoming Ramadan by taking short-term loans from foreign sources, said Bangladesh Bank yesterday. 
13 December 2022, 18:00 PM

Excess liquidity at Islamic banks halves

Excess liquidity at Islamic banks in Bangladesh fell nearly 50 per cent year-on-year to Tk 17,525 crore in July-September quarter this year as deposits growth slowed, central bank data showed.
13 December 2022, 18:00 PM

TCB hikes prices of sugar, pulse

The Trading Corporation of Bangladesh (TCB) has hiked the price of daily essentials sold at subsidised rates by Tk 5 due to an increase in prices of the commodities, putting more pressure on the country’s low-income groups.
13 December 2022, 18:00 PM

US inflation subsides further

US consumer prices rose less than expected for a second straight month in November, resulting in the smallest annual increase in inflation in nearly a year and giving the Federal Reserve cover on Wednesday to start scaling back the size of its interest rate increases.
13 December 2022, 18:00 PM

Stocks keep rising

Stocks in Bangladesh rose today, stretching the gains to the third consecutive session.
13 December 2022, 06:24 AM

Moody's ratings: 7 Bangladeshi banks under review for downgrade

Moody's Investors Service has placed 7 Bangladeshi banks' long-term ratings and assessments on review for downgrade, said the global rating agency yesterday.
13 December 2022, 05:31 AM