Exploring the potential of the semiconductor industry in Bangladesh could help start the much-needed diversification of exports from the country, according to Saiful Islam, president of the Metropolitan Chamber of Commerce and Industry (MCCI).

Once upon a time, Nasiruddin Hojja was riding a donkey with his friend.

Bangladesh’s earnings from merchandise shipment crossed the $5-billion mark for the first time in November, a major boost for the country reeling from the foreign exchange crisis, official figures showed yesterday.

While retaining its second position globally, Bangladesh had its share in global apparel trade grow by 2.23 per cent to 6.40 per cent in 2021, according to World Trade Organization (WTO) data published on Wednesday.

There has been discernible development in Bangladesh in the form of higher income and improved living standards in recent years but inequality has also deepened, said Debapriya Bhattacharya, the convener of the Citizen’s Platform for SDGs, Bangladesh.

Bangladesh Bank is unlikely to lift the interest rate cap on bank loans anytime soon, BB Governor Abdur Rouf Talukder said today.

The Bangladesh Securities and Exchange Commission (BSEC) has rejected Bay Leasing & Investment Limited’s plan to award a 5 per cent stock dividend for the year that ended on December 31.

Bangladesh’s economy is facing tough macroeconomic challenges originating from a higher imbalance in its external account, depleting foreign exchange reserves, and an elevated inflation, said a noted economist today.

The initial public offering (IPO) process needs to be transparent and easy to make the stock market the main source of long-term financing for industries, according to Md Eunusur Rahman, chairman of the Dhaka Stock Exchange (DSE).

Karmasangsthan Bank recently promoted its general manager to the post of deputy managing director.

Starting off in 1962, the Bangladesh Small and Cottage Industries Corporation’s (BSCIC) industrial estate in Pabna had initially drawn small investors, taking shape as one of the district’s biggest food processing hubs. 

The key indexes of the stock markets in Bangladesh rose yesterday although investors’ participation remains low amid ongoing economic uncertainty.

Although the growing number of women entrepreneurs in Bangladesh have mostly kept good payment records over the past decade, their share of the total loans disbursed by banks and other financial institutions still remains low, according to experts.

The government should narrow the gap between informal and formal rates of the US dollar against the taka with a view to attracting remittances through official channels and augmenting foreign currency reserves, a noted economist said recently.   

Cash transfers to low- and middle-income countries eased this year, with rising prices taking a toll on migrants' incomes, the World Bank said Wednesday.

Once one of the most sought-after securities, banking stocks in Bangladesh are now struggling as investors have stayed away from them for the last couple of months due to a lack of trust in their financial reports,

The National Board of Revenue (NBR) yesterday extended the deadline for submitting income tax returns to December 31 in order to enable individual taxpayers to comply with the rules.

Bangladesh’s foreign currency reserves slipped below $34 billion yesterday after the central bank sold $71 million on the interbank market to help banks clear import bills, said a Bangladesh Bank official.

Bangladesh's foreign currency reserves fell below $34 billion today after the central bank sold $71 million in in the interbank market to help banks clear import bills, said a Bangladesh Bank official.

Citibank NA Bangladesh recently appointed a new country officer.