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

IMF positive about lending additional $3b

The International Monetary Fund (IMF) is positive about lending an additional $3 billion to Bangladesh but the multilateral lender wants to know what reforms the interim government is planning to take.
1 September 2024, 18:00 PM

Remittances jumped 39% in August

Remittances sent by Bangladeshis living abroad soared nearly 39 percent year-on-year to $2.2 billion in August, which is likely to ease pressure on the foreign exchange reserves to some extent.
1 September 2024, 18:00 PM

Now First Security Islami Bank freed from S Alam Group

S Alam Group's control over First Security Islami Bank Ltd (FSIBL) ended today after the Bangladesh Bank reconstituted the board of the Shariah-based bank, which was heavily dominated by individuals linked to the Chattogram-based conglomerate..The central bank dissolved the previous 11-mem
1 September 2024, 15:19 PM

BGMEA seeks IndustriALL support to prevent labour unrest

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has sought the cooperation of the IndustriALL Bangladesh Council (IBC) leaders to ensure that there is no labour unrest.
1 September 2024, 12:50 PM

Remittances jumped 39% in August

Remittances sent by migrant workers and Bangladeshis living abroad soared nearly 39 percent year-on-year to 2.2 billion in August, the first month of the interim government.</p><p>Remittance inflows were $1.6 billion in the same month of the previous year, according to Bangladesh Bank data.
1 September 2024, 12:08 PM

OpenAI, Meta flex muscles as AI race heats up

OpenAI, the creator of ChatGPT, said that usage of its iconic chatbot had more than doubled since November to 200 million active monthly users
1 September 2024, 06:20 AM

Eurozone inflation falls to three-year low in August

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut
1 September 2024, 05:53 AM

China manufacturing contracts for fourth straight month

Chinese manufacturing contracted for a fourth consecutive month in August, official data showed Saturday, a worse-than-expected result reflecting the world's second-largest economy's struggle to recover.
1 September 2024, 05:10 AM

BB hikes cash withdrawal limit to Tk 5 lakh

The Bangladesh Bank (BB) has increased the cash withdrawal limit from banks to Tk 5 lakh per account this week, up from Tk 4 lakh per account the previous week
1 September 2024, 03:51 AM

Mobile subscriber numbers drop significantly in July

The number of mobile subscribers in Bangladesh has dropped significantly in July, as all the operators lost customers. .The overall number of mobile subscribers is calculated based on the purchase of new SIMs (subscriber identity modules) minus the number of SIMs whose ownership have beco
31 August 2024, 18:00 PM

EXIM Bank appoints Md Nazrul Islam Swapan as chairman

Md Nazrul Islam Swapan, a businessman and industrialist, was unanimously elected as the chairman of the board of directors yesterday .
31 August 2024, 06:24 AM

Is govt action enough to curb inflation?

Persistent inflationary pressure, particularly in terms of food inflation, has been taking a toll on low- and fixed-income people in Bangladesh, forcing them to spend most of their income on nutrition.
30 August 2024, 18:00 PM

How life is like when prices go through the roof

Fatima Khatun, dressed in a washed-out kameez, came to Muslim Bazar in Mirpur 12 to shop with her four-year-old son on August 16.
30 August 2024, 18:00 PM

Stocks rise buoyed by circuit breaker reset

Stock markets' indexes in Bangladesh rose for a second consecutive day yesterday as investors made fresh bets on blue-chip and large-cap shares, gaining confidence from an increase in the circuit breaker’s lower limit..The stock market circuit breaker determines the extent to which the pri
29 August 2024, 18:00 PM

Huawei posts 34.3% rise in first-half sales

Chinese tech giant Huawei said Thursday that sales surged in the first half of the year, even as it struggles under the weight of sanctions that have deprived it of technology from the United States.
29 August 2024, 18:00 PM

ICCB suggests interim govt adopt six reforms

The International Chamber of Commerce Bangladesh (ICCB) has come up with six recommendations for the interim government to bring about reforms in the country’s banking, tax, trade and business activities.
29 August 2024, 18:00 PM

Navigating Bangladesh’s crossroads

Human nature has an innate tendency to escalate demands once an initial concession is made, and thus, the saying goes “If you let someone sit, he wants to eat; if you let him eat, he wants to sleep”.
29 August 2024, 18:00 PM

Moody’s raises India’s growth forecasts, Fitch affirms rating

Moody’s raised India’s growth projection for 2024 and 2025 citing signs of improving rural demand, while Fitch affirmed the country’s sovereign credit rating, the agencies said in separate releases on Thursday.
29 August 2024, 18:00 PM

Put yourself in farmers’ shoes

Bangladesh Bank Governor Ahsan H Mansur yesterday urged banks to be compassionate, humane and empathetic when dealing with farmers who fail to repay loans for genuine and understandable difficulties.
29 August 2024, 18:00 PM

External deficit falls to three-year low

Bangladesh’s overall external deficit nearly halved in fiscal year (FY) 2023-24, hitting the lowest mark in three years, a positive development which is expected to ease the pressure on forex reserves and reduce exchange rate volatility.
29 August 2024, 18:00 PM