Breaking / Stocks drop as fresh trade news awaited, oil down on Iran hopes

News that Beijing was suspending some non-tariff countermeasures on US entities for 90 days following the superpowers' weekend truce did little to inject much more enthusiasm
15 May 2025, 05:12 AM Business
Trump: India has offered US a trade deal with no tariffs
The United States is India's largest trading partner, with bilateral trade totalling some $129 billion in 2024
15 May 2025, 08:14 AM Business
Akij Resource plans to launch digital bank
The company will soon apply to introduce “Munafa Digital Bank”
23 October 2025, 13:27 PM Business
ILO ratification demands labour reforms in Bangladesh
The rights groups welcome the move as a long-overdue response to workers’ demands
23 October 2025, 12:59 PM Business
Cheque dishonour case: Evaly’s Rassel, Shamima get 1-yr jail in Ctg
On September 16, 2021, Rassel and Shamima were arrested from their Mohammadpur residence in the capital in a case filed over fraud and embezzlement
2 June 2024, 14:25 PM Business
Tk 127 crore owed to customers: DNCRP forms body to facilitate refunds
The platforms had offered hefty discounts to lure unsuspecting customers to make advance payments of thousands of crores of taka
19 May 2024, 14:16 PM Business

OpenAI hits $500 billion valuation: report

OpenAI has reached a $500 billion valuation after current and former employees sold approximately $6.6 billion worth of shares, according to a recent Reuters report citing a source familiar with the matter. The deal represents a significant increase from the company’s previous $300 billion valuation.
2 October 2025, 05:29 AM Tech & Startup
A tech-based startup for student transport in Bangladesh
22 September 2025, 10:59 AM Tech & Startup
Five new registration services added to Bida OSS
14 September 2025, 18:00 PM Business

A leader is as good as his team

We often say “a leader is as good as his team.” It is like making a perfect cup of tea -- sure, the leader might be the one pouring it, but without the right blend of tea leaves, sugar and milk, it is just hot water.
19 September 2024, 18:00 PM

Indian firms use currency swaps to lower borrowing costs

Indian firms are opting for cross-currency swaps to convert part of their rupee debt into dollars in an attempt to trim borrowing costs as US interest rates decline, six bankers told Reuters.
19 September 2024, 18:00 PM

Fed cuts lending rate for first time in more than 4 years

The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction for more than four years, sharply lowering borrowing costs shortly before November’s presidential election.
19 September 2024, 18:00 PM

BTRC’s independence eroded over the years

Restoring the Bangladesh Telecommunication Regulatory Commission’s (BTRC’s) independence by reverting to the original legal framework should be a priority for reform, according to its new chairman Major General (retd) Emdad Ul Bari.
19 September 2024, 18:00 PM

WB to provide $2.3b this fiscal year

The World Bank (WB) will provide Bangladesh with $2.3 billion in the current fiscal year (2024-25) to facilitate reforms in the country’s financial sector and its economic recovery from recent floods.
19 September 2024, 18:00 PM

Bangladesh not exporting hilsa to India this year

Bangladesh will not export hilsa fish to India on the occasion of Durga Puja in October, according to a top commerce ministry official, discontinuing a long-standing tradition of the country as a “goodwill gesture” to its neighbour.
19 September 2024, 18:00 PM

Tyre makers gear up to fill void left by Gazi

Tyre makers in Bangladesh are ramping up production in a bid to expand their market share by catering to a potential supply shortage that may arise from the recent destruction of the Gazi Tyres factory in Rupganj upazila of Narayanganj.
19 September 2024, 18:00 PM

Two economists enter BB board

The interim government yesterday appointed a director to the Bangladesh Bank board for three years..Financial Institutions Division (FID) informed of the appointment of Fahmida Khatun, an executive director of the Centre for Policy Dialogue, through a notification..At the end of last
19 September 2024, 16:13 PM

Six state banks asked to cancel contractual appointments of MDs

The Financial Institutions Division (FID) of the finance ministry has recommended that the boards of directors of six state-run banks cancel the contractual appointment of their managing directors and CEOs..The six state-run banks are Sonali Bank, Janata Bank, Agrani Bank, Rupali Bank, BAS
19 September 2024, 15:18 PM

WB to support reforms to promote Bangladesh growth 

World Bank (WB) Vice President for South Asia Martin Raiser affirmed the bank’s commitment to support critical reforms to promote inclusive and sustainable growth of Bangladesh
19 September 2024, 11:24 AM

World Bank may provide $2 billion in budget support 

The World Bank (WB) is considering a $2 billion budget support for Bangladesh during the current fiscal year, according to the multilateral lender’s South Asia Region Vice President Martin Raiser
19 September 2024, 10:06 AM

Singapore’s Financial Intelligence Unit seeks info on S Alam Group

The overseas assets of S Alam Group, including those in Singapore, came under scrutiny following recent media reports.
19 September 2024, 08:09 AM

World Bank to support Bangladesh move to reform banking sector: Finance Adviser

The World Bank will provide support in reforming banking and other sectors in Bangladesh, Finance and Commerce Adviser  Salehuddin Ahmed said on Thursday
19 September 2024, 07:25 AM

What does a Fed rate cut mean for the economy and consumers?

The Federal Reserve cut US short-term borrowing costs on Wednesday by a bigger-than-usual half percentage point, a watershed moment that should start to ease some of the financial pressures everyday consumers have felt
19 September 2024, 07:11 AM

China urges more economic cooperation with UK

China is ready to boost economic ties with the United Kingdom, Vice Premier He Lifeng said Wednesday, state media reported, as part of a diplomatic thaw following years of frosty relations
19 September 2024, 05:45 AM

Onion imports resume thru Hili land port

Onion imports through Hili land port in Dinajpur resumed on Tuesday after being halted for four days due to a software glitch in Indian customs..The Indian customs had implemented an updated tariff regime at 4:45pm that day, reducing the export duty on onions from 40 percent to 20 percent.
18 September 2024, 18:30 PM

American trade platforms demand reforms to protect labour rights

The American Apparel & Footwear Association (AAFA) and Fair Labor Association (FLA) have urged the interim government of Bangladesh to take critical and long-lasting steps towards reforms for furthering worker rights of international standards. .The AAFA is an American trade association re
18 September 2024, 18:01 PM

BB withdraws directive on holding virtual meetings

Bangladesh Bank yesterday withdrew its previous instructions for holding meetings of banks virtually as a part of austerity measures taken during the Covid-19 pandemic in 2020.
18 September 2024, 18:00 PM

Travel ban sought on top Sinha Securities officials

The Bangladesh Securities and Exchange Commission (BSEC) has sought a travel ban on directors, the managing director and CEO of Sinha Securities for a deficit in the brokerage house’s consolidated customers’ account (CCA).
18 September 2024, 18:00 PM

India’s exports to Bangladesh fell 28% in August

India’s exports to Bangladesh dropped by 28 percent year-on-year to $681 million in August, according to a report by The Indian Express.
18 September 2024, 18:00 PM