Revenue collection grew 15.51 per cent year-on-year to Tk 300,179 crore in the just-concluded fiscal year of 2021-22, according to the provisional data of the National Board of Revenue (NBR).

Most of the non-bank financial institutions in Bangladesh delivered lower profits in the first half of 2022 due to the shrinkage of income from the ailing stock market. 

Bangladesh is keen to establish a strong relationship with Egypt as the two countries have immense bilateral trade potential, said Bangladesh’s Ambassador to Egypt Md Monirul Islam.

Stocks in Bangladesh continued rising for the second day in a row yesterday thanks to higher participation from general investors, who hope the market will not fall further.

The stock market regulator yesterday urged the Bangladesh Association of Publicly Listed Companies (BAPLC) to increase their investment in the market. 

The central bank yesterday set the interest rate ceiling on the non-resident foreign currency deposits in order to mobilise funds from Bangladeshis living abroad and individuals of Bangladeshi origin. 

Bangladesh has embarked on a journey from a labour-intensive economy to a digital economy and here the hi-tech parks will be the driving force, said State Minister for ICT Zunaid Ahmed Palak today.

The stock market regulator today urged the Bangladesh Association of Publicly Listed Companies (BAPLC) to increase their investment in the market.

Remittance flow to Bangladesh rose 11.76 per cent year-on-year to $2.09 billion in July, a development that would bring some relief for the country that is struggling to keep its foreign currency reserves in a healthy shape.

The United Arab Emirate cut fuel oil prices after a break of six months and the new prices will be effective from August 1.

Bangladesh is keen to establish a strong relation with Egypt as the two countries have immense bilateral trade potential, said Bangladesh's Ambassador to Egypt Md Monirul Islam.

Most shares on the Chittagong Stock Exchange (CSE) rose for the second consecutive day today.

The Dhaka Stock Exchange (DSE) opened slightly higher today.

The stock market is being administered with a short-term cure, the floor price, to halt its bear run sacrificing long-term stability through the erosion of confidence among institutional and foreign investors. 

Production at the BSCIC industrial estate in Pabna, the country’s biggest food processing zone operated by the Bangladesh Small and Cottage Industries Corporation (BSCIC), has fallen significantly due to recent power outages of up to three times daily, sources said.

The government is finally moving ahead with a project to roll out fifth-generation (5G) mobile internet services through state-run network provider Teletalk, according to officials of the planning ministry.

Use of multiple currencies instead of being overly dependent on the US dollar in international trade may ease the pressure on foreign exchange reserves and help overcome the current crisis, said the chief of a leading chamber yesterday.

Profits of most multinational companies listed in Bangladesh dropped in the first half of 2022 due to the depreciation of the local currency and higher consumer prices. 

Shares on the Dhaka Stock Exchange leapt yesterday largely owing to the re-introduction of floor prices that prevented securities from falling below last week’s average.  

Tanmi Haque has been appointed as the country head of retail banking at HSBC Bangladesh.