Startups have huge potential to grow, so the stock market should allow them to raise funds although they face some challenges in making profits at the primary stage, State Minister for Information and Communication Technology (ICT) Zunaid Ahmed Palak said yesterday.

The Bangladesh Securities and Exchange Commission (BSEC) has slapped a far lighter punishment on controversial investor Abul Khayer Hiru compared to the gains he made from his manipulation, in a disturbing development that may set a bad example.

With evidence surfacing of a couple of insurance companies misusing funds of policyholders, the insurance regulator has directed them to refrain from borrowing from banks using life funds as collaterals. 

Banks 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. 

In a time of elevated inflation, the interest rate is the handiest tool in the box to restore order. And yet, the new Bangladesh Bank Governor Abdur Rouf Talukder, in his maiden press conference yesterday, remained defiant that it would not be used.

Businesses today expressed concern over the production in the industrial units because of the ongoing load-shedding, low gas pressure and high energy price.

Banks can now show their highest limit of capital market exposure on the basis of the stock like instruments’ purchasing price of instead of their market value.

Bangladesh Securities and Exchange Commission (BSEC) is taking steps to launch a new board for start-ups so that they can raise funds from the stock market.

The Dhaka Stock Exchange (DSE) fell slightly today.

Bangladesh should cut its over-reliance on the US dollar and increase the use of other currencies such as the Chinese renminbi (RMB) in international trade to ease pressure in the foreign currency market, businesses said. 

Bangladesh Bank yesterday injected $40 million into banks operating in the country in a bid to ensure stability in the local foreign exchange market.

The Second World War changed almost everything in the world. Or in short, we can also say that after WWII, the world changed in a way it had not changed for many years.

The US dollar is currently one of the most talked about issues.  

The International Monetary Fund yesterday conveyed its interest to support Bangladesh with its request for loan to prop up its strained foreign currency reserves.

The emerging multi-polar world is now trying to reduce the use of the greenback in their trade after the US and EU imposed multilateral sanctions on Russia.

Inflation bucked its runaway trend in July, becoming the third data point this month after remittance and import to provide some relief to a government on its toes about the direction the economy was taking.

AB Bank Ltd has elected director Khairul Alam Choudhury as the bank’s new chairman with effect from August 2, 2022.

As part of HSBC’s global commitment to supporting female entrepreneurs, Hongkong and Shanghai Banking Corporation (HSBC) will launch the “Female Entrepreneur Fund (FEF)” in Bangladesh today.

The government plans to purchase 3.30 crore litres of soybean oil from two foreign refiner companies at a cost of Tk 136 per litre so that it can supply the key cooking ingredient to low-income families at subsidised rates.

The Bangladesh Bank yesterday eased rules on the encashment of the value-added portion of repatriated export proceeds in order to bring flexibility to trade transactions.