The taka depreciated once again against the US dollar in the inter-bank platform yesterday. 

Wall Street is bracing for the slowest global revenue growth in the history of the social media sector, as intensifying competition from TikTok and Apple in advertising threaten to compound economic woes in the second quarter.

Bangladesh needs to highlight the shining examples of foreign companies that have achieved success after setting up businesses here, said a delegation of American investment management firm T Rowe Price Group Inc yesterday. 

State Minister for Planning Shamsul Alam yesterday proposed creating a new authority – either a ministry or a division under a ministry – to help dedicatedly tap the potential of blue economy. 

Bangladesh Bank has formed the Credit Guarantee Department to expand its credit guarantee facilities and run their operations smoothly. 

Islami Bank Bangladesh Ltd posted a lower profit in the April-June quarter of 2022 compared to a year ago. 

Heidelberg Cement Bangladesh Ltd suffered losses in the April-June period of 2022 owing to the higher cost of raw materials and freight charges and the weakening of the taka against the US dollar. 

The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices.

State Minister for Planning Dr Shamsul Alam today (July 21, 2022) proposed forming a new authority – either a ministry or a division under a ministry -- to help tap the potentials of blue economy that remains untapped.

Shares on the Chittagong Stock Exchange kept falling today despite a brief upward movement initially.

The Dhaka Stock Exchange (DSE) opened higher today but the upward movement did not last as most shares declined.

“In certain haor areas of Sylhet, one bad season, one flash flood is all it takes for a farmer to lose everything.

Locally manufactured electric products, namely transformers and accumulators, are gaining popularity abroad as the industry’s annual export earnings touched a record-high of $100 million in the just concluded fiscal year.

Stocks of Bangladesh Monospool Paper Manufacturing Company have skyrocketed in the last one year just after it had been relisted from the over the counter (OTC) market to the main board, all throughout riding on rumours and speculations. 

The Chattogram port is facing a fresh surge in both container and cargo congestion mainlydue to slow delivery of goods for ten days since the Eid vacation, disrupting scheduled departure and berthing of vessels.

Bangladesh is targeting a lower export growth in 2022-23 despite raking in a record $52.08 billion in the last fiscal year largely because of insignificant strides in products and markets diversification and ongoing global turmoil. 

Bangladesh Bank yesterday took more initiatives, including raising the interest rate on its Export Development Fund (EDF), to ease the ongoing pressure in the country’s foreign exchange market.

Bangladesh Bank yesterday asked banks to provide the financial services required for clients to invest in savings bonds and instruments.

Privately-owned BM Container Depot had been running without proper authorisation and certification required for storing and handling hazardous chemicals, found a study of the Centre for Policy Dialogue (CPD).

Bank Asia Ltd signed an agreement with International Finance Corporation (IFC), a member of World Bank Group, for advisory services on “Risk Management and Credit Underwriting”.