PM asks state-run firms to go public

She also directed the secretary to the finance ministry to analyse and identify which of the companies were eligible to get listed.
10 May 2024, 00:14 AM

Dollar price rises up to Tk 125 in kerb market

Bankers said the exchange rate was already hovering at around Tk 117 unofficially, meaning the impact of easing the restrictions was yet to come about in the forex market.
10 May 2024, 00:14 AM

Rural food inflation hit 15% in Dec: study

The national food inflation rate in the same month stood at 9.58 percent, according to the Bangladesh Bureau of Statistics (BBS).
10 May 2024, 00:14 AM

Will BB steps build up reserves? Not so soon

Bangladesh Bank’s steps to boost the country’s foreign currency reserves will not yield any positive results overnight.
9 May 2024, 18:00 PM

Exporters cheer weaker taka

Owing to a chaotic and volatile exchange rate, local exporters were desperate for the introduction of a floating exchange rate so they could draw more money and be more competitive.
9 May 2024, 03:40 AM

Journey to be painful, but necessary

Mansur, a former economist at the International Monetary Fund, said interest rates would rise. This may slow the economy further, but it is necessary to overcome the challenges.
9 May 2024, 03:39 AM

Market-driven interest rate returns after four years

The central bank took the decision as people have been struggling with the high level of prices for around two years.
9 May 2024, 03:39 AM

HSBC’s 2023 profit nearly Tk 1,000cr

The profit amounted to Tk 999 crore, soaring 70 percent year-on-year. It was Tk 587 crore in 2022.
8 May 2024, 00:00 AM

Four state banks’ bad loans jump 27% as delinquencies rise

The combined bad loans of the banks surged 27 percent year-on-year to Tk 62,913 crore at the end of last year. Two years prior, total bad loans of the four state banks stood at just over Tk 38,200 crore, according to financial statements.
8 May 2024, 00:00 AM

New entity wants to enter saturated insurance market

At present, there are 36 life and 46 non-life insurance companies in Bangladesh, which stands in stark contrast to just 24 life insurance companies in India, 10 in Pakistan, and 16 in Sri Lanka.
8 May 2024, 00:00 AM

Beyond Dollar: Bangladesh to seek over 36b yuan in Chinese loans

Bangladesh is going to seek more than 36 billion yuan, equivalent to $5 billion, as soft loans from China to reduce pressure on its dollar reserves.
7 May 2024, 18:00 PM

Stock market not lucrative in long run

Despite being a risky instrument, the stock market was not lucrative enough like the banking sector
7 May 2024, 00:16 AM

Global companies upbeat about Bangladesh's denim

A European retailer asking not to be named said he has already increased the amount of clothes his company sources from Bangladesh as the country’s increasing production capacity was helping to give them more confidence.
7 May 2024, 00:16 AM

Industries created more jobs amid slowdown. Economists find it puzzling

However, the findings raised questions among economists, who were puzzled by the growth at a time when the economy had been facing a slowdown due to high inflation, a downtrend in export growth, and falling imports.
7 May 2024, 00:16 AM

Forex reserve target for IMF loans may be revised down to $18b

The latest proposal was made to the IMF’s visiting mission yesterday during a joint meeting with officials of the finance division and central bank at the finance ministry in Dhaka.
7 May 2024, 00:16 AM

Pandemic's new poor unable to recover: study

Besides, these “new poor” are vulnerable to further deterioration of their financial health as they lack strong networks with employers, access to loans and social safety net programmes.
7 May 2024, 00:16 AM

Sikder family loses grip on National Bank

The Sikder family has apparently lost its grip on National Bank Ltd as Bangladesh Bank has appointed a new board for the country’s first private bank.
6 May 2024, 18:00 PM

Troubled NBL offers cash to journalists in snacks box

After the press conference, the bank officials offered packets with snacks to journalists. However, after taking the packet, journalists noticed that it contained an envelope with Tk 5,000 inside
6 May 2024, 17:00 PM

IMF’s stringent conditions undermine public interest: speakers

Speakers at a human chain today expressed concern at the stringent conditions imposed by the International Monetary Fund
6 May 2024, 14:17 PM

Complex global policy emerging as key challenge for Bangladesh: Wahiduddin

However, this will not be easy for a least developed country (LDC) like Bangladesh, he added while addressing the inaugural session of the “First Development Studies International Conference- DSIC 2024”.
6 May 2024, 00:37 AM