Bangladesh to be first in Asia to receive loan from IMF’s Resilience and Sustainability Fund

Bangladesh is going to be the first country in Asia to receive a loan from International Monetary Fund's Resilience and Sustainability Fund.
17 January 2023, 10:50 AM

Taming inflation, maintaining exchange rate stability critical: BB

The major challenges for Bangladesh will be keeping inflation under control while maintaining currency rate stability in the coming days, according to the Bangladesh Bank's annual report.
17 January 2023, 09:08 AM

Homemade agro-machinery making a difference

Rafiqul Islam, who lives in the Dashmile area of Dinajpur sadar upazila, has innovated various types of agricultural machinery that provide a cheap and easy way for famers to achieve higher production.
17 January 2023, 03:00 AM

Asia comes to RMG exporters’ aid amid slowdown in EU, US

Amidst the slowdown in garment shipment to the European Union and the United States owing to persistently higher inflation, the Asian markets are emerging as the saviour for the apparel exporters from Bangladesh.  
17 January 2023, 02:00 AM

Matarbari deep-sea port to open in 2026

State Minister for Shipping Khalid Mahmud Chowdhury yesterday hoped for a part of the Chattogram port’s Bay Terminal to become operational from early 2026 while the Matarbari deep-sea port either from the middle or end of that year. 
16 January 2023, 18:00 PM

Room to improve light engineering dev policy: BUILD

The Light Engineering Industry Development Policy-2022 does not feature any special provision for attracting foreign direct investment to the sector, according to a top official of the Business Initiative Leading Development (BUILD).
16 January 2023, 18:00 PM

MTB launches Islamic banking campaign

Mutual Trust Bank has launched “Ei Somoyer Islami Banking” campaign with a view to enabling the customers of its Islamic banking wing titled “MTB Yaqeen” to enjoy modernised Islamic banking services and facilities.
16 January 2023, 18:00 PM

BGCCI gets new executive director

The Bangladesh-German Chamber of Commerce and Industry (BGCCI) has appointed Irene Sommer as its new executive director.
16 January 2023, 18:00 PM

Shahjalal Islami Bank re-elects Akkas as chair of exec committee

Akkas Uddin Mollah has unanimously been re-elected chairman of executive committee of Shahjalal Islami Bank at the 354th meeting of the board of directors in Dhaka recently.
16 January 2023, 18:00 PM

BSEC forms shariah advisory council

Bangladesh Securities and Exchange Commission (BSEC) yesterday formed a nine-member shariah advisory council to get advice on issuing shariah-compliant securities.
16 January 2023, 18:00 PM

Higher govt borrowing may crowd out private sector: DCCI

The central bank’s target to raise the public sector credit growth in the January-June half of the ongoing fiscal year may crowd out the private sector, said the Dhaka Chamber of Commerce & Industry (DCCI) yesterday.
16 January 2023, 18:00 PM

Bangladesh Bank heist: US court dismisses appeals of 6 accused

A US court has dismissed appeals of six individuals and institutions seeking exemption from a case filed by the Bangladesh Bank in connection with their alleged involvement in the $81-million heist from the central bank reserves.
16 January 2023, 14:52 PM

Matarbari plant link road: Cost to spiral for poor feasibility studies

Although the overall length of a road linking the Matarbari coal-based power plant in Maheshkhali upazila to Cox’s Bazar town has reduced, the construction cost is set to increase by more 70 per cent from the initial estimate owing to poor feasibility studies.
16 January 2023, 03:30 AM

Pran-RFL to invest $22.5m in four sectors

Pran-RFL Group is going to invest in four new sectors -- $10 million in automobile parts, $3 million in stainless steel and aluminium pipe, $2.5 million in electric bike and $7 million in tableware. 
16 January 2023, 03:00 AM

Bangladesh misses out on using textile scraps in full

Spinners in Bangladesh are facing a shortage of waste cotton and textile scraps since a major portion of them is shipped abroad amid higher demand for recycled yarns and fabrics worldwide. 
16 January 2023, 02:30 AM

Small export-oriented garment units struggling to survive

Small export-oriented garment factories in Saidpur of Nilphamari are struggling to recover from setbacks faced during the Covid-19 pandemic, when orders from abroad took a steep dive owing to lower demand amid economic uncertainty.
16 January 2023, 02:15 AM

New era begins as Ctg port sees bigger ships berth

A vessel with 10 metres draught berthed at a jetty of the Chattogram port for the first time yesterday, a major leap forward as the movement of larger ships is expected to cut costs and save time.
16 January 2023, 02:00 AM

Workshop on economic development in Cox’s Bazar

Prabriddhi, a local economic development project funded by Switzerland and Bangladesh, recently organised a capacity development and knowledge exchange workshop that was inaugurated by Muhammad Ibrahim, secretary to the Local Government Division in Cox’s Bazar.
15 January 2023, 18:00 PM

City Bank gets new AMD

City Bank has promoted Mahia Juned to the post of additional managing director (AMD).
15 January 2023, 18:00 PM

BB looks to promote digital banking

The Bangladesh Bank plans to promote digital banking to encourage the broad adoption of financial products and services as it looks to accelerate financial inclusion, thus moving the country towards a cashless society.
15 January 2023, 18:00 PM