The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.  

The National Board of Revenue (NBR) has issued a gazette notification stipulating that imports have to be declared well in advance of the previous deadline for notifying of their arrival, all to reduce false declarations and enable quick releases.

Aavishkaar Capital, a concern of Aavishkaar Group, in partnership with KfW, a German state-owned development bank, has signed an agreement to invest the $5 million from its Environmental, Social and Governance (ESG) First Fund into Midland Bank.

The Trading Corporation of Bangladesh (TCB) will start selling Indian onion at Tk 40 per kilogramme (kg) in Dhaka, Gazipur and Chattogram cities from tomorrow.

The profit was Tk 1.73 crore in the identical quarter of October-December in 2022-23. Thus, earnings per share rose to Tk 0.2 from Tk 0.19, according to a filing on the Dhaka Stock Exchange yesterday. 

The Bangladesh Securities and Exchange Commission (BSEC) today gives the go-ahead to a zero-coupon bond for Beximco, one of Bangladesh's leading conglomerates, to raise Tk 1500 crore from institutional and high net worth individuals.

The multinational company reported a profit of Tk 82.04 crore in 2023, up from Tk 65.91 crore in the same period the previous year

The Bangladesh Sugar Refiners Association (BSRA) alleged that the government is being deprived of Tk 3,000 crore annually due to sugar smuggling.

Build a database of the essentials to ensure smooth supply, it says

Local retailers post up to 65% rise in monthly scooter sales

Although foreign aid commitments made to Bangladesh by global lenders surged more than 300 percent year-on-year in the first eight months of the current fiscal year of 2023-24, disbursement has remained almost flat.

There are over 4,000 orchards dotting the district

The central bank said in quarterly review on money and exchange rate

It hit $19.45 billion on March 27, down from $19.98 billion on March 20

Navana Pharmaceuticals has received approval from the Bangladesh Securities and Exchange Commission (BSEC) to issue a partial convertible bond worth Tk 150 crore

Singer Bangladesh, one of the leading manufacturers and retailers of home appliances in the country, has begun manufacturing products at its new factory, becoming the first entity to do so inside Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj.

It becomes the first plant in Araihazar economic zone

The plants are located in Dhaka’s Ashulia, Narshingdi’s Madhabdi and Cumilla’s Chandina

Song Shin Leather (BD) Ltd, a Chinese company, will invest $6 million to set up a leather processing factory at the Cumilla Export Processing Zone

The government has urged industry owners to pay workers' salaries and festival bonuses before the start of the Eid-ul-Fitr holidays.