Trade activities at Payra port, the country’s third largest seaport, are increasing gradually riding on coal imports for the nearby Payra 1320 MW Thermal Power Plant.

In its first, the Bangladesh Securities and Exchange Commission (BSEC) has moved to be tougher against the issue managers or merchant banks that have brought low-performing companies to the stock market. 

The taka yesterday depreciated against the US dollar, hitting Tk 96 on the interbank platform as the central bank moved to allow the market forces to determine the exchange rate of the national currency.

Three more Bangladeshi garment factories yesterday received international recognition of being green, taking the total to 171, although international clothing retailers and brands are still not paying premium prices for apparel items produced by those suppliers. 

The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback. 

Bangladesh has to explore and formulate a long-term plan to overcome possible difficulties and trade challenges past the United Nations status graduation from a least developed to a developing country, said experts at a discussion. 

NCC Bank has recently enabled the Shiplu Textile and Spinning Mills to receive a refinancing fund of around €8.5 million from a Green Transformation Fund of Bangladesh Bank (BB).  

MTB Foundation and the Ispahani Islamia Eye Institute and Hospital (IIEI&H) signed an agreement recently on running a project to provide healthcare to female garment workers in Dhaka. 

NRB Bank has re-elected its audit committee chairman recently. 

The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters.

The Dhaka and Chattogram stock exchanges fell for the second straight day yesterday as investors worried about persisting economic uncertainty took profits.   

The Bangladeshi taka today depreciated against the US dollar, hitting Tk 96 on the interbank platform after the Bangladesh Bank had decided last week to allow the market forces to set the exchange rate of the local currency.

Eminent industrialist Nasir Uddin Biswas, founder of glass and melamine manufacturer Nasir Group of Industries, is no more.

The Dhaka and Chattogram stock exchanges fell for the second straight day today.

Shares on the Chittagong Stock Exchange (CSE) opened lower today.

The key index of the Dhaka Stock Exchange (DSE) fell today.

Although our banking sector itself is lagging behind its neighbouring peers, the story of the non-banking financial institution (NBFI) sector is rather much more precarious.

People across Bangladesh have long been enjoying two traditional buttermilk products called “ghol” and “matha” thanks to their unique taste and texture and so, makers of these treats in Solop village under Ullapara upazila of Sirajganj never compromise on quality, helping them keep the inherited business alive for more than 100 years.

The Finance Division has urged all government offices to rein in hasty expenditures at the end of each fiscal year as it destroys fiscal discipline and increases the government’s borrowing cost.

International cotton prices have significantly fallen but brought little cheer to local spinners and garment manufacturers suffering from a drop in work orders from international retailers and brands.