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

Islamic bank deposits grow despite irregularities

The country’s Islamic banking sector registered growth in deposits in June although several Shariah-based lenders are facing widespread scams and irregularities.
3 September 2024, 18:00 PM

Extension of cross-border diesel pipeline comes to a halt

India’s plan to extend a cross-border diesel pipeline from Dinajpur’s Parbatipur upazila to Natore will apparently see delayed implementation for the ongoing political crisis, according to the Bangladesh Petroleum Corporation (BPC) and an Indian media outlet. 
3 September 2024, 18:00 PM

Default loans surpass Tk 200,000cr for first time

Default loans in the banking system surpassed Tk 200,000 crore for the first time, underlining the fragile condition of the sector that fell prey to rampant scams and irregularities under the tenure of the Awami League government over the past 16 years.
3 September 2024, 18:00 PM

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

World Bank raises India growth forecast

The World Bank on Tuesday raised its Indian economic growth forecast to 7 percent for the current fiscal year, from an earlier estimate of 6.6 percent, helped by government spending on infrastructure.
3 September 2024, 18:00 PM

Egg prices rise for supply shortage

The price of eggs, which is one of the most basic sources of protein for many fixed and low-income people in Bangladesh, has increased in local markets over the past week due to a supply shortage..Consumers are already facing a difficult time making ends meet for an increase in the prices
3 September 2024, 15:47 PM

Default loans hit record Tk 211,000cr 

Default loans in the banking sector hit an all-time high of Tk 211,000 crore at the end of June of this year, as per the latest Bangladesh Bank data. 
3 September 2024, 12:19 PM

Ex-DU teacher Farzana Lalarukh becomes new BSEC commissioner

Former Dhaka University teacher Farzana Lalarukh has been appointed as the new commissioner of Bangladesh Securities and Exchange Commission (BSEC) for the next four years
3 September 2024, 11:32 AM

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, 06:26 AM

Summery weather helps boost UK consumer spending, surveys show

British consumer spending increased modestly in annual terms during August, fuelled by spending on food and drink during summery weather, according to surveys on Tuesday that added to signs of steady economic growth in the second half of 2024
3 September 2024, 05:25 AM

Observer appointed to Sonali Life Insurance

The finance ministry has appointed Md Shah Alam, additional secretary of the Financial Institutions Division (FID) as an observer to the troubled Sonali Life Insurance
3 September 2024, 04:59 AM

Investit Asset Management launches first mutual fund

Investit Asset Management, a fund manager, has taken an initiative to launch its first open-ended mutual fund named Investit Growth Fund. The signing ceremony of the new mutual fund took place at its office in the capital yesterday..Key officials from both Investit Asset Management and San
2 September 2024, 18:45 PM

It's best time to probe stock irregularities

This is the best time to conduct a comprehensive investigation into the stock irregularities and manipulation that occurred in the past 15 years, as no one would exert pressure to deviate from the findings, according to a BSEC investigation committee..Stock regulator Bangladesh Securities
2 September 2024, 18:30 PM

Stocks fall after a three-day gaining streak

Major indices of the stock market in Bangladesh fell yesterday, breaking a three-day gaining streak as skittish investors put fresh bets on lucrative shares to pocket short-term gains amidst price fluctuations..The DSEX, the benchmark index of Dhaka Stock Exchange (DSE), dropped 25.66 poin
2 September 2024, 18:00 PM

Asian factories show tentative recovery as China improves

Asian factories, including China’s manufacturing sector, showed signs of a tentative recovery in August and chip makers benefitted from firm demand, private surveys showed on Monday, but economic headwinds loom.
2 September 2024, 18:00 PM

China GDP hiccup would have long-term aftershocks

China loves to set itself different goals with an array of plans. Its GDP growth target of “around 5 percent” for this year is the most imminent - and is facing headwinds.
2 September 2024, 18:00 PM

Corrected export data soon: EPB

The Export Promotion Bureau (EPB) is set to publish export data based on a new calculation after months of a hiatus following the revelation that there were significant discrepancies between its data and that of the central bank in the last fiscal year.
2 September 2024, 18:00 PM

2 shell companies in Ctg drained Tk 2,343cr from Islami Bank

Islami Bank Bangladesh granted huge loans to various entities from its Chattogram branches. But there’s just one problem: thousands of crores were disbursed to firms that exist only on paper.
2 September 2024, 18:00 PM