Kuakata, home to the second largest beach in Bangladesh, is already visited by a large number of domestic and foreign tourists each year but their numbers could increase seven-fold once the Padma Multipurpose Bridge is officially opened, according to local businesspeople.

The Bangladesh Bank yesterday said the interested candidates for the post of managing directors of non-bank financial institutions (NBFIs) have to obtain at least 20 years of working experience at banks or NBFIs.

The wage growth in Bangladesh grew slower than the inflation rate in May, handing a blow to the country’s millions of low-paid skilled and unskilled workers already struggling to make ends meet amid the rising cost of living.

A key role of central banks is to conduct monetary policy to achieve price stability and help attain targeted economic growth.

A high-level delegation led by Johannes Schneider, head of German development cooperation, visited three renewable energy projects financed by Infrastructure Development Company Ltd (Idcol) at Dhamrai, Savar recently.

Trading of City Bank Perpetual Bond yesterday began at the Dhaka Stock Exchange (DSE) under settlement category “N”.

Stock market index tumbled yesterday for the second consecutive day amid low participation of investors.

Bangladesh Bank yesterday asked banks, mobile financial service (MFS) providers and payment service providers (PSPs) to take effective measures to ensure that payment services were available to people in flood-hit areas. 

Nominal wage growth at the low skill level overall has fallen behind the headline inflation.

The wage growth in Bangladesh grew slower than the inflation rate in May.

The banks, MFS providers and payment service providers will have to find alternative ways to make their payment systems effective in the flood affected districts, including Sylhet, Sunamganj, Moulvibazar, Habiganj, Kishoreganj, Netrokona, Kurigram and Rangpur.

The Bangladesh Bank today said the interested candidates for the post of managing directors of non-bank financial institutions (NBFIs) have to obtain at least 20 years of working experience at banks or NBFIs.

Stock market index tumbled today for the second consecutive day amid low participation of investors.

Most rice bran oil industries in Bangladesh have either cut or stopped production since the government slapped an export ban a month ago as the edible oil variety does not have a large consumer base locally.

The government missed an opportunity to contain inflationary pressure by leaving the tax and other duties levied on most essential products unchanged in the proposed national budget for fiscal year 2022-23, according to various economists and business leaders.

Midland Bank has focused on further strengthening its digital banking means instead of expanding its network of branches aggressively so as to attract more tech-savvy clients, said Managing Director Md Ahsan-uz Zaman. 

The current flooding in Sylhet has caused losses of more than Tk 140 crore for the local aquaculture industry, with farmers in Sunamganj district being the worst affected, according to a preliminary estimate by the Department of Fisheries (DoF).

The proposed national budget has not safeguarded the country’s middle class, which is facing a three-pronged challenge of a discriminatory domestic economy, spiralling product prices in international markets and ongoing floods, said economist Debapriya Bhattacharya yesterday.  

Inflation surged to an eight-year high of 7.42 per cent in May, driven by a hike in food costs, underscoring the plight a majority of the population in Bangladesh is currently experiencing, official figures showed yesterday.  

The listed paint maker would invest Tk 25 lakh to establish Berger Tech Consulting Ltd.