Sovereign credit ratings (SCR), determined based on a country’s willingness and ability to pay its principal and interest obligations on time, are qualitative indicators that determine a nation’s likelihood of default. Countries’ borrowing costs from international financial markets depend on their SCR. A better SCR means more favourable cost of borrowing and lower SCR means higher cost of borrowing.

NRB Bank is planning and working to onboard digital banking facilities as well as introduce neo-banking services for its customers, according to the top official of the private bank.

The government should lay emphasis on the electricity transmission and distribution system to ensure uninterrupted supply, said Mahbubul Alam, the newly elected president of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI). 

Visa, the American multinational financial services corporation, sees potential in working and partnering with the government for smarter digital services for citizens and businesses. 

A committee of major oil producers recommended Friday to keep the cartel’s current output strategy unchanged after heavyweights Saudi Arabia and Russia extended their cuts despite recovering prices.

An association of restaurant owners yesterday sought permission from the government to import broiler chicken, mutton and beef to counter a rise in their prices. 

Indian farmers have planted 28.3 million hectares (69.9 million acres) with summer-sown rice, according to the farm ministry’s latest data, up 3.28 percent from the same period last year, as robust monsoon rains encouraged the expansion of acreage.

People in Bangladesh are becoming increasingly inclined towards silver jewellery as they are more affordable than gold or platinum ornaments, especially amid the ongoing inflationary pressure, according to various traders.

Bangladesh’s share in the global readymade garment trade more than tripled in the past 17 years as the country cements its position as one of the largest suppliers internationally.   

Green Delta Insurance Company recently signed a memorandum of understanding (MoU) with the Power Cell of the power, energy and mineral resources ministry and Young Bangla over launching an idea hunt competition for renewable energy, styled “Bicchuron 2.0”.

A vessel of 8.5-metre draft anchored at the Mogla port yesterday, the highest draft recorded by the country’s second biggest port. 

Leading local drugmaker Aristopharma has signed a contract manufacturing deal with market leader Square Pharmaceuticals PLC to produce some products for the latter.

MetLife Bangladesh has invested Tk 257.5 crore in a sustainability bond issued by Runner Automobiles Ltd. 

In a bid to increase remittance flow from the USA, a show titled “Bangladesh Remittance Fair” will be organised at Hilton Midtown Hotel in New York next month. 

One day, the United States, China and Russia met at a racecourse and started arguing about who the next global superpower will be. The United States said, “With the most powerful military in the world, we can defeat any country in a war.”

The Asian Development Bank (ADB) has mobilised $261 million of private sector capital for a four-lane, 13.5-kilometre expressway between Dhaka and other major cities in order to ease traffic congestions and provide better connectivity.

A vessel owner in Bangladesh is seeking to run a 10-day cruise from Dhaka to Kolkata. 

When it comes to the percentage of goods and commercial services exports in gross domestic product (GDP), Bangladesh has had some of the lowest figures among 46 least developed countries (LDCs) over the years. 

The Bangladesh Bank has stepped up efforts to roll out a national card this year in order to cut the country’s reliance on international cards and save foreign currencies. 

In the wake of some borrowers and guarantors denying having been provided loans, Bangladesh Bank (BB) yesterday made it compulsory for banks to take thumbprints to ensure proper recovery of depositors’ money, which was welcomed by bankers.