SME index falls as rules tightened

The index of the SME board in Dhaka Stock Exchange (DSE) dropped over 5 per cent yesterday after the Bangladesh Securities and Exchange Commission (BSEC) tightened one condition for trading shares on the board. 
28 July 2022, 18:00 PM

Time to lift lending interest cap

The 9 per cent regulatory cap on interest rates should be lifted in a bid to achieve the credit growth target of the Bangladesh Bank, said a number of officials of several banks. 
28 July 2022, 18:00 PM

What to expect when top boss is incompetent?

It is small wonder what happens when a politically-backed chief executive officer of a government construction company gets rewarded for his political affiliation by getting appointed as the top executive in a multinational company (MNC) of a technical and digital nature. 
28 July 2022, 18:00 PM

BSEC sets stock floor price again

The Bangladesh Securities and Exchange Commission (BSEC) has again set the floor price of every stock to halt the free fall of the market indices amidst global economic uncertainties that have impacted Bangladesh’s economic indicators in the last couple of months. 
28 July 2022, 18:00 PM

BB goes further to monitor imports

In a bid to contain the current volatility in exchange rates, the Bangladesh Bank yesterday went further to scrutinise imports of up to $3 million.
28 July 2022, 18:00 PM

Padma Bridge to accelerate GDP growth by 1.2-1.5pc

The Padma Bridge would boost the growth of the gross domestic product of Bangladesh by 1.2 per cent to 1.5 per cent, said speakers at a programme on Wednesday. 
28 July 2022, 18:00 PM

End load-shedding: shop owners

The Bangladesh Shop Owners Association yesterday urged the government to end load-shedding for the sake of small and micro enterprises.
28 July 2022, 18:00 PM

Do longer working hours raise productivity?

Among the population of around 168.1 million in Bangladesh, 90 million are the inexpensive labour force. Some 60 million work in agricultural jobs and 30 per cent work in non-agricultural jobs.
28 July 2022, 03:00 AM

Slow progress in BREB solar pump project

A project undertaken by Bangladesh Rural Electrification Board (BREB) to install 2,000 solar-powered irrigation pumps has been advancing at a snail’s pace. 
28 July 2022, 02:45 AM

Record $10b foreign aid used last fiscal year

Bangladesh’s use of foreign assistance reached a new record high of $10 billion in fiscal year 2021-22, primarily behind vaccinations, one-time budget support, economic recovery from the pandemic and implementation of mega projects.
28 July 2022, 02:30 AM

Govt may not remove interest rate caps

Finance Minister AHM Mustafa Kamal yesterday indicated that the government would be unwilling to remove the interest rate cap on loans and deposits, which is expected to be a condition tagged by the International Monetary Fund with its support package.
27 July 2022, 18:00 PM

NBFIs asked to cut energy bills by 25pc

The Bangladesh Bank yesterday asked non-bank financial institutions (NBFIs) to cut their allocation set aside for power and energy consumption by at least 25 per cent. 
27 July 2022, 18:00 PM

Use renminbi as second currency for imports: MCCI

The Metropolitan Chamber of Commerce and Industry (MCCI) yesterday suggested the central bank should consider China’s renminbi (RMB) as a second currency for international trading, especially for importing raw materials from China.
27 July 2022, 18:00 PM

Set a vision for green affordable housing: IFC

The International Finance Corporation (IFC) has recommended that Bangladesh formulate a vision for providing green affordable housing.
27 July 2022, 18:00 PM

Better logistics may boost exports by 20%: experts

Bangladesh is missing out on at least 20 per cent of its export potential due to poor logistics and clearance services in the country’s ports and highways, according to various experts.
27 July 2022, 18:00 PM

13 honoured as agri important persons

The government honoured 13 persons with the status of Agricultural Important Person (AIP) for their outstanding contribution to the farm sector in Bangladesh yesterday.
27 July 2022, 18:00 PM

‘Work on youths to utilise demographic dividend’

Bangladesh should work on the young population now for future development as the country has only 15 years left to reap the benefits of the demographic dividend, an economist said yesterday.
27 July 2022, 18:00 PM

Bangladesh moves to join RCEP

Bangladesh has taken up the initiative to join Regional Comprehensive Economic Partnership (RCEP) to retain duty benefits once it makes the United Nations status graduation from a least developed country to a developing one in 2026. 
27 July 2022, 18:00 PM

BB teams inspect money changers

Ten inspection teams of Bangladesh Bank yesterday visited foreign exchange shops around Dhaka city to investigate whether they were intentionally hoarding US dollars for hiking their rate against the taka in the open market. 
27 July 2022, 18:00 PM

D-8 wants to make PTA operational by Oct

The members of the D-8 Organisation for Economic Cooperation want to make the Preferential Trade Agreement (PTA) operational by October this year, as the bloc targets taking the intra-regional trade nearly three times to $400 billion by 2030.
27 July 2022, 18:00 PM