The Bangladesh Bank today ordered banks to set a spread between the buying and selling rate of the US dollar in order to restore stability in the foreign exchange market.

The government today appointed new managing directors (MDs) at three state-run banks – Sonail, Agrani and Rupali.

Non-bank financial institutions in Bangladesh have been allowed to calculate their stock market exposure limit on the basis of the purchasing price of the securities they own instead of their market value.

Transactions through mobile financial services rose by 19.89 per cent year-on-year to Tk 94,293 crore in June.

Around 91 per cent of the small and medium enterprises (SMEs) are still unbanked although the government has allocated fund for revitalising the small entrepreneurs from the Covid-19 shocks.

The Dhaka Stock Exchange (DSE) reversed course today as its key index started the week on a positive note thanks to an increased participation of investors.

The stocks on Chittagong Stock Exchange (CSE) opened on a positive note today, the first trading day of the week.

Transactions through agent banking accounts rose 43 per cent year-on-year to Tk 5,64,844 crore in fiscal year 2021-22 as a growing number of people are now using the new banking window, showed Bangladesh Bank data.

The National Board of Revenue (NBR) is unlikely to make any major breakthrough in tax collection without automation and reforms in the revenue administration, said its former chairman Nasiruddin Ahmed. 

Twelve banks accounted for 58 per cent of the total default loans in Bangladesh in June as irregularities show no signs of abating while existing bad debts have remained unrecovered in the absence of strong action.  

Mohammad Shabuj Sheikh has cut back on food expenditure, Shibly Ahmed has eliminated all non-essential purchases for his children, and a junior banker has let go of her domestic help.  

Islamic Finance and Investment Ltd recently appointed Mohammed Mosharaf Hossain as its new managing director and chief executive officer on August 7.

Two new draft regulations on digital, social and over-the-top (OTT) media platforms will choke the sector’s growth, discourage foreign and local investment and likely violate fundamental rights such as freedom of speech and expression, said an expert yesterday. 

Twenty industries are going to be honoured with the “President’s Award for Industrial Development” for their contribution to industrialisation, employment generation and overall economic development of the country, according to a notification issued by the industries ministry on August 10. 

Assistance for underdeveloped countries through subsidies has always been discussed but such assistance for middle-income countries to address challenges of their United Nations status graduation has not been discussed before, speakers told a roundtable in Dhaka yesterday.

Bangladesh Financial Intelligence Unit (BFIU) repeatedly sought information from countries including Switzerland on money laundered by Bangladeshis, Bangladesh Bank has said.

Digital, social media and OTT platform entrepreneurs and experts demanded industry-friendly regulation so that this new media can harness the potential of the new avenue of economic opportunities.

An appellate division bench of the Supreme Court has ordered to cancel the incumbent executive committee of Dinajpur Chamber of Commerce and Industry and hold a fresh election under an administrative committee within five months.

Growers are facing trouble in retting raw jute as a lack of rainfall has reduced the availability of natural waterbodies, affecting the quality of the eco-friendly fibre being produced, according to farmers.

On Wednesday evening, Munaf Khan was sitting idle at his cash box in the clothing shop in the New Market area amid the emphatic sound of generators after the electricity went off since there were no customers.