In its first, the Bangladesh Securities and Exchange Commission (BSEC) has moved to be tougher against the issue managers or merchant banks that have brought low-performing companies to the stock market. 

The taka yesterday depreciated against the US dollar, hitting Tk 96 on the interbank platform as the central bank moved to allow the market forces to determine the exchange rate of the national currency.

Three more Bangladeshi garment factories yesterday received international recognition of being green, taking the total to 171, although international clothing retailers and brands are still not paying premium prices for apparel items produced by those suppliers. 

The finance costs have at least doubled for the firms that have taken on dollar-denominated loans from external sources owing to the depreciation of the Bangladeshi taka against the American greenback. 

NRB Bank has re-elected its audit committee chairman recently. 

Bangladesh has to explore and formulate a long-term plan to overcome possible difficulties and trade challenges past the United Nations status graduation from a least developed to a developing country, said experts at a discussion. 

NCC Bank has recently enabled the Shiplu Textile and Spinning Mills to receive a refinancing fund of around €8.5 million from a Green Transformation Fund of Bangladesh Bank (BB).  

MTB Foundation and the Ispahani Islamia Eye Institute and Hospital (IIEI&H) signed an agreement recently on running a project to provide healthcare to female garment workers in Dhaka. 

Although our banking sector itself is lagging behind its neighbouring peers, the story of the non-banking financial institution (NBFI) sector is rather much more precarious.

People across Bangladesh have long been enjoying two traditional buttermilk products called “ghol” and “matha” thanks to their unique taste and texture and so, makers of these treats in Solop village under Ullapara upazila of Sirajganj never compromise on quality, helping them keep the inherited business alive for more than 100 years.

The Finance Division has urged all government offices to rein in hasty expenditures at the end of each fiscal year as it destroys fiscal discipline and increases the government’s borrowing cost.

International cotton prices have significantly fallen but brought little cheer to local spinners and garment manufacturers suffering from a drop in work orders from international retailers and brands.

Apex Tannery Limited’s profit jumped more than 140 per cent to Tk 1.24 crore in the financial year that ended on June 30, 2022. 

The government is set to install “food laboratories” in eight divisions across the country aiming to ensure hygienic and quality food in the market, said Food Minister Sadhan Chandra Majumder yesterday. 

Bangladesh Agricultural Research Institute (Bari) and farm products producer Intefa signed a memorandum of understanding (MoU) on Saturday.

Muhammad Saifullah has been elected chairman of the shariah supervisory committee of Standard Bank at the 363rd meeting of the board recently.

Md Zahidul Haque joined Rajshahi Krishi Unnayan Bank (Rakub) as the managing director on September 7. 

The state-run Trading Corporation of Bangladesh (TCB) yesterday started selling essential commodities at subsidised rates through “family cards”, aiming to reach one crore low-income families in September. 

The Bangladesh Economic Zones Authority (Beza) plans to sign a commercial agreement with India by this year for establishing the Indian Special Economic Zone (ISEZ) as negotiations in this regard are almost complete.

Unilever is operating in the South Asian markets of Sri Lanka, Pakistan, Bangladesh, India, and Nepal. And each of the markets, including Bangladesh, has talents who are very attractive.