City Bank gets $30 million loan from OPEC Fund

City Bank recently signed a $30 million loan agreement with the OPEC Fund for International Development to support global trade by providing financing to importers and exporters in Bangladesh, especially in the agriculture and green energy sectors.
22 June 2024, 10:30 AM

Bangladesh receives $900 million in World Bank loans for two projects

These new financing operations will help Bangladesh in financial sector and urban management, says Abdoulaye Seck, World Bank country director for Bangladesh and Bhutan
22 June 2024, 06:50 AM

Deposits of Bangladeshi banks, nationals in Swiss banks hit lowest level ever

It declined 68% year-on-year to 17.71 million Swiss francs in 2023
20 June 2024, 18:21 PM

Mobile internet subscriber numbers witness big jump in April

The mobile internet subscriber base in Bangladesh witnessed a massive growth in April, increasing by 39 lakh, marking the biggest jump in recent years.
20 June 2024, 18:00 PM

Both inbound, outbound FDIs drop for Bangladesh

Unctad’s World Investment Report shows
20 June 2024, 16:25 PM

Where are the analysts who predicted Bangladesh would go bankrupt? asks finance minister

The minister attends a post-budget seminar of Bangladesh Agricultural Economists Association
20 June 2024, 12:28 PM

Forex reserves rise by $300 million in a week

Reserves hit $19.53 billion on June 19, up from $19.21 billion on June 12
20 June 2024, 11:15 AM

Dhaka stocks rise for fourth consecutive day

The benchmark index, DSEX, increased 1.6% from the previous day
20 June 2024, 10:30 AM

Oil hits seven-week high on demand hopes, war jitters

Oil prices hit seven-week highs on Wednesday as summer demand optimism and concerns over escalating conflicts offset an industry report that said US crude inventories unexpectedly rose.
19 June 2024, 13:50 PM

Shipping industry urges Red Sea action as Houthis sink second vessel

Urgent action must be taken in the Red Sea to stop attacks on merchant shipping by Yemen's Houthis, leading industry groups said on Wednesday, after the sinking of a second ship.
19 June 2024, 13:33 PM

Stocks close higher after Eid vacation

The prime index gained for the third consecutive day
19 June 2024, 13:20 PM

Tanners collect 5 lakh pieces of rawhides in first two days of Eid

Tanners in Bangladesh collected about 5 lakh pieces of rawhides of the sacrificial animals in the very first two days of Eid-ul-Azha.
19 June 2024, 11:00 AM

EPIC Group secures $100 million in IFC loans for expansion

$70 million will be sustainability-linked loan and a $30 million green loan
19 June 2024, 07:45 AM

Private ICDs overwhelmed with export containers

Until June 15, some 15,553 TEUs of export containers were lying at the 21 ICDs, much higher from 8,000 on any regular day
15 June 2024, 14:22 PM

Renata PLC launches new Dermatological Drug in the UK market

Renata has shipped the first consignment of Terbinafine 250 mg tablets, worth £1.5 lakh to the UK market. The product is being supplied directly from its factory located in Rajendrapur, Gazipur.
13 June 2024, 18:39 PM

Trade via Akhaura land port to remain suspended for 4 days from June 16

Export, import through Akhaura will resume on June 20
12 June 2024, 11:03 AM

Implement SMP regulations to enhance competition in telecom industry

Monopolistic accumulation of market power, especially in terms of price-setting capability, may cause an increase in price and deterioration of quality of service as well as hamper innovation and competition
12 June 2024, 09:05 AM

Raise policy rate to 10% to curb inflation: Ahsan H Mansur

Monetary policy stance should be tight, the economist said in an MCCI-PRI organised post-budget discussion
12 June 2024, 08:02 AM

Bangladesh economy to grow 5.7% in FY25: WB

The World Bank's prediction is much lower than govt projection of 6.75%
11 June 2024, 15:00 PM

ADB extends $250 million loan to strengthen social protection

The ‘Second Strengthening Social Resilience Program’ will help improve financial inclusion of disadvantaged people
10 June 2024, 14:42 PM