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

IDRA chairman to resign

Mohammad Jainul Bari, chairman of the Insurance Development and Regulatory Authority (IDRA), yesterday informed that he would resign today.
4 September 2024, 18:00 PM

Trade War II will be easy to lose for China

“Trade wars are good, and easy to win,” Donald Trump tweeted in March of 2018 when he was US president, just months before kicking off in earnest one of the largest trade conflicts in modern history.
4 September 2024, 18:00 PM

Floods to affect rice acreage, production

Rice acreage and production in Bangladesh are likely to decline because of recent floods, which would affect paddy of the Aus and Aman seasons, said the US Department of Agriculture (USDA) at the end of last week.
4 September 2024, 18:00 PM

Salman loses grip on IFIC Bank

The Bangladesh Bank yesterday constituted a new board of directors at IFIC Bank after dissolving the previous board, effectively bringing an end to Salman F Rahman’s grip on the private commercial bank.
4 September 2024, 18:00 PM

SIBL managing director Zafar, 2 DMDs resign

Social Islami Bank Managing Director Zafar Alam and Deputy Managing Directors Habibur Rahman and Khorshed Alam resigned from their respective posts yesterday.
4 September 2024, 18:00 PM

BB in $450m shady trade with Islami Bank to rebuild reserves

In the first week of July, the Bangladesh Bank and Islami Bank Bangladesh completed a US dollar-taka trade, a typical mutual currency deal, which was supposed to replenish the central bank’s dwindling forex reserves and provide the cash-strapped Shariah-based lender with some liquidity support.
4 September 2024, 18:00 PM

BB in $450m shady trade with Islami bank to rebuild reserves

In the first week of July, the Bangladesh Bank and Islami Bank Bangladesh completed a US dollar-taka trade, a typical mutual currency deal, which was supposed to replenish the central bank’s dwindling forex reserves and provide the cash-strapped Shariah-based lender with some liquidity support.<
4 September 2024, 16:20 PM

IDRA chairman to resign

Mohammad Jainul Bari, chairman of the Insurance Development and Regulatory Authority (IDRA), yesterday informed that he would resign today..“I have decided to resign. I will send the formal resignation letter to the Financial Institutions Division,” he said on being contacted by The Daily
4 September 2024, 12:38 PM

DCCI requests simplifying taxation process

Taxation rules and processes, including that for income, needs to be revised and automated to make it easy for cottage, micro, small and medium enterprises to run business, Ashraf Ahmed, president of the Dhaka Chamber of Commerce and Industry (DCCI) yesterday.
4 September 2024, 12:23 PM

US fines ratings agencies for 'significant' recordkeeping failures

The US market regulator charged and fined six major ratings agencies on Tuesday, including Moody's, S&P and Fitch, over what it called "significant recordkeeping failures."
4 September 2024, 11:25 AM

SIBL MD, 2 DMDs resign 

SIBL Managing Director Zafar Alam and Deputy Managing Directors Habibur Rahman and Khorshed Alam have resigned today following the central bank's board reformation of the bank
4 September 2024, 10:54 AM

Trade War II will be easy to lose for China

“Trade wars are good, and easy to win,” Donald Trump tweeted in March of 2018 when he was US president, just months before kicking off in earnest one of the largest trade conflicts in modern history.
4 September 2024, 09:31 AM

Abdul Mazid becomes chairman of SDF

Muhammad Abdul Mazid, former chairman of the National Board of Revenue, has been appointed as the chairman of the Social Development Foundation (SDF)
4 September 2024, 08:44 AM

SIBL's former chairman Belal, managing director Zafar sued for attack on an employee 

Belal Ahmed, the former chairman of Social Islami Bank Ltd (SIBL), and Zafar Alam, managing director, have been sued for allegedly attacking a bank employee
4 September 2024, 07:07 AM

US manufacturing mired in weakness; construction spending falls

US manufacturing contracted at a moderate pace in August amid some improvement in employment, but a further decline in new orders and rise in inventory suggested factory activity could remain subdued for a while
4 September 2024, 06:42 AM

China's services activity expansion slows in August, Caixin PMI shows

Growth in China's services sector activity slowed in August despite the summer travel peak, prompting some firms to cut staff amid concerns about rising costs, a private-sector survey showed on Wednesday
4 September 2024, 05:49 AM

Nvidia says it plays fair in AI chip market

Nvidia on Tuesday defended its tactics in the hot market for chips to power artificial intelligence in the face of reports the US is probing whether it abused its clout
4 September 2024, 05:23 AM

Russia set to hike key rate by another 100 bps

Russia’s central bank is expected to raise its benchmark interest rate by 100 basis points to 19 percent at its Sept. 13 meeting to combat inflation and cool the overheated economy, a Reuters poll of analysts showed on Monday.
3 September 2024, 18:00 PM

Opec output falls to lowest since January

Opec oil output fell in August to its lowest since January, a Reuters survey found on Monday, as unrest that disrupted Libyan supply added to the impact of ongoing voluntary supply cuts by other members and the wider Opec+ alliance.
3 September 2024, 18:00 PM

EDF loan gets costlier after new interest rate calculations

Exporters will face higher costs when getting loans from the Export Development Fund (EDF) as a new interest rate calculation method has been introduced for loans in US dollars.
3 September 2024, 18:00 PM