Defaulted loans in the country’s banking sector hit an all-time of high of Tk 125,257 crore after end of June of this year.

Slowing US inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left no doubt they will continue to tighten monetary policy until price pressures are fully broken.

Dhaka stocks finished the week amidst sell-offs as investors were weighed down with apprehensions over the economic fallouts of a recent record fuel price hike. 

Lighter vessel owners yesterday announced a 15 to 22 per cent increase in fares for transporting imported goods on different inland water routes due to the recent hike in fuel prices.

In recent months, inflation has taken the world by storm, impacting not only Bangladesh but also countries in the first world. I have learned a few things from my wife through it all.

The government yesterday announced staggered weekends for the industrial belts in Bangladesh in a bid to ensure an uninterrupted power supply for them and save electricity. 

Private inland container depots (ICDs) have raised the charge for one of a couple of services requiring the use of diesel reasoning the August 5 price hike of fuels. 

The government has fixed area-wise weekly closure for factories on different days in order to ensure uninterrupted power supply to industrial zones of the country.

The stocks on Chittagong Stock Exchange (CSE) kept falling for the fourth consecutive day today.

The Dhaka Stock Exchange (DSE) opened lower for the fourth consecutive day today.

Green building practices have gained momentum in Bangladesh as eco-friendly bricks are being widely used for all manner of construction in a bid to reduce the environmental degradation caused by conventional brick kilns.

The Padma Multipurpose Bridge is a dream project for the millions of people in the southwestern region of Bangladesh.  

Ride-sharing service users in Bangladesh could not escape from the impact of the recent fuel price increase as Pathao has already announced new fares while Uber is set to follow suit. 

The telecom regulator in Bangladesh yesterday directed mobile network operators and internet service providers (ISPs) to furnish it with information about their spending on digital advertisements on different social media platforms in 2021.

Volatility continued to prevail in the country’s foreign exchange market, with the price of every dollar hitting a record Tk 119 in the open market yesterday from Tk 115 on Monday.

Most of the listed banks in Bangladesh had to keep higher provisions in the first half of 2022 owing to the bearish trend in the share market and the removal of the relaxed loan classification policy that sent bad loans higher. 

The record fuel price hike last week has thrown a spanner in the works to the finance division’s projection of bringing the twin problems of inflation and delicate foreign currency reserves under control by December.

The government has declared new minimum monthly wages for employees and workers in the shrimp industry, a major export earner for the country, with hikes ranging from 46 to 51 per cent in each grade.

HSBC Bangladesh recently won the 2022 Asian Banking and Finance Awards for International Retail Bank of the Year for the second consecutive time and the Branch Innovation of the Year - Silver in Bangladesh.

NCC Bank Limited’s board has approved a decision to issue a Tk 500 crore non-convertible subordinated bond.