Three private firms will invest around Tk 2,000 crore collectively to connect Bangladesh with at least three more submarine communication cables, in a development that would ensure smooth supply of bandwidth amid surging internet use.

Stocks of Orion Infusion soared more than five times in recent months despite having low earnings per share and repeated warnings from the company that it has no undisclosed information that could have spurred such an abnormal rise.

Bangladesh Bank yesterday issued guidelines for the rollout of green bonds to facilitate sustainable investment of banks and non-banks to tackle the adverse impacts of climate change. 

Undergoing uncertainties for high raw material prices and foreign currency rates, the country’s steel industry still has a good future as infrastructure demand is booming while the economy resilient, said experts and manufacturers at a conference yesterday. 

Mercantile Bank recently launched 25 agent banking outlets across the country. 

The chief executive officer for Asia at Standard Chartered, Benjamin Hung, arrived in Dhaka earlier this week on his first two-day official visit to Bangladesh. 

Standard Chartered Bangladesh and LankaBangla Securities signed an agreement recently to offer a digital platform enabling capital market investors to transfer funds to their beneficiary owners (BO) account.  

Although turnover of Dhaka Stock Exchange (DSE) soared to its highest in a year yesterday, around 40 per cent stocks had no buyer. 

The Asian Development Bank (ADB) is working to hand over $2 billion in loan assistance to Bangladesh by the current fiscal year, ADB Country Director Edimon Ginting said today.

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar.

The High Court-appointed board of directors of beleaguered e-commerce platform Evaly has ‘resigned’, said a member of the board.

Six Bangladeshi companies have showed their interest to invest $457 million at Bangabandhu Sheikh Mujib Shilpa Nagar in Chattogram and Sabrang Tourism Park in Cox’s Bazar.

The Asian Development Bank (ADB) is working to hand over $2 billion in loan assistance to Bangladesh by the current fiscal year, ADB Country Director Edimon Ginting said today.

Turnover of the Dhaka Stock Exchange (DSE) surged one year-high today though the index of the bourse dropped.

Dhaka stocks edged up in the morning trade today, maintaining the upward trend for the fourth consecutive session.

The steel industry in Bangladesh is currently witnessing a steep drop in sales as the depreciation of taka against US dollar has hiked production costs at a time when consumers are unwilling to pay higher prices for the key construction material.

Loan disbursement by non-bank financial institutions (NBFIs) surged 46 per cent year-on-year in the April-June quarter thanks to a recovery in demand after the reopening of the economy in the second half of last year.

Custom House Chattogram has served a notice to BM Container Depot asking why its private bonded warehouse licence should not be cancelled following the recent deadly explosions and fire inside it.

Foreign investors in Bangladesh’s stock market are selling shares en masse as the local currency’s depreciation against the US dollar coupled with various policy changes over the past few years has lowered their confidence in securing adequate returns. 

Bangladesh should formulate a national logistics policy, which will help build an integrated logistics system centring the Chattogram port, experts said yesterday.