Nearly 80 percent of households of plainland ethnic minority communities have no access to credit, be it formal or informal sources, as per a new study made public yesterday.

Zahid Hussain, a former lead economist of the World Bank’s Dhaka office, termed as the most significant step the abolition of the SMART system among the three changes brought yesterday by the central bank.

The exporters have already welcomed the central bank's move to devaluate the local currency, which they have long been waiting for.

PRI Executive Director Ahsan H Mansur says

IMF mission concluded its 15-day visit to Bangladesh today

The prime index of the DSE decreased 0.6% before closing the day at 5,690.78

Cooperation is sought for product development, technology upgradation, monitoring and financial literacy

The tax on cigarettes in Bangladesh should be raised in the national budget for fiscal 2024-25 to boost the country’s revenue generation and minimise health risks, according to experts.

State-owned Bangladesh Shipping Corporation (BSC) has witnessed a year-on-year drop in both revenue, generated from renting out its seven vessels, and associated profit in the first nine months of this fiscal year of 2023-24.

302 industries will make the investments

Bangladesh will face a severe crisis in 2026 as the government has availed a significant amount of loans from foreign lending agencies and local banks which it will have to repay, said Bhattacharya.

The crawling peg system for the taka is a delayed and, perhaps, inadequate response to the bleeding of forex reserves. Some economists suggest the central bank should go beyond this formula and open the exchange rate to market forces to stop the continuous erosion of reserves. Either way, exporters and remitters will celebrate more flexibility in the exchange rate.

It will be the 29th edition of the three-day exhibition

The DSEX fell 1.74 points to 5,725.28

Banglalink has recently phased out its 3G networks, becoming the country’s first mobile operator to bid adieu to the technology, and repurposed those resources, including spectrum, to enhance the quality and speed of its 4G services

The Bangladesh Data Center Company Limited (BDCCL), a government-owned data storage and disaster recovery services provider, has equipped its data centres with the Oracle Cloud Infrastructure (OCI) Dedicated Region

The three state-run oil companies in Bangladesh booked double-digit growth in profits during the first nine months of the current fiscal year even after a decline in sales mainly due to a rise in income from bank deposit interests.

Bangladesh needs to take the crucial decision of embracing digital technology to ensure essential services like healthcare and education, said Binayak Sen, director general at the Bangladesh Institute of Development Studies (BIDS), yesterday.

The profit amounted to Tk 17.24 crore in the January-March period of this year whereas it was Tk 26.1 crore in the same period last year

It hit Tk 1,095 crore, up by 34% from the previous day