The government honoured as many as 184 businesspersons with CIP (commercially important person) status for the year 2022 at a ceremony on Thursday. The commerce ministry and the Export Promotion Bureau (EPB) jointly organized the programme at a city hotel. State Minister for Commerce Ahsanul Isla
Flexible exchange rate and market-driven interest rate that the Bangladesh Bank has adopted to help the economy heal brings no good news for the stock market for now but there is light at the end of the tunnel. If the policy shifts lead to macroeconomic stability, which is what the central
Economists and experts have recommended discontinuing cash incentives for exports as they argued the latest big Taka devaluation effectively functions as a subsidy. At a book launch event in Dhaka on Thursday, they said the devaluation was necessary due to the exchange rate's prolonged overv
Food inflation in Bangladesh has spiked to 15 per cent, as per latest BIDS findings, which far overshoots government's official statistics. Director-General of the Bangladesh Institute of Development Studies (BIDS) Dr Binayak Sen Thursday made the disclosure, attributing the steep rise partially t
Bangladesh's business activity shrank this past April from its previous month's measure, according to a maiden multi-stakeholder parameter prepared with foreign partnerships. The private PMI or purchasing managers' index was unveiled Thursday at a function in Dhaka, where State Minister fo
A day after the Bangladesh Bank (BB) introduced crawling peg-driven exchange rate flexibility, the price of a US dollar in the kerb market surged by Tk 7.0 to Tk 125 on Thursday. Currency traders in the open market were selling each dollar between Tk 124 to Tk 125, found The Financial Express afte
The El Nino weather pattern should fade out by June but could be replaced by the La Nina phenomenon by the second half of the year, a US government forecaster said on Thursday. There is a 49 per cent chance that the La Nina weather pattern may develop during the June to August period, rising to 69
State Minister for Posts and Telecommunications Zunaid Ahmed Palak visited Cargill-W&W Grains booth during the inauguration of the 29th US Trade Show in InterContinental Hotel, Dhaka, according to a press release.
The Council Members of the Institute of Chartered Secretaries of Bangladesh (ICSB), led by its President Mohammad Asad Ullah, FCS, called on Professor Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission (BSEC) at his office in Sher-E-Bangla Nagar on Thursday.
The seventh death anniversary of Professor Dr M Alimullah Miyan, the founding vice-chancellor of International University of Business Agriculture and Technology (IUBAT) is on Friday. To commemorate the anniversary of this visionary leader, a series of events will be held, including open discussion
BRAC Bank has unveiled its new football jersey for the Sheikh Hasina Inter-bank Football Tournament 2024 in Dhaka city. To celebrate the release of its new jersey, the bank hosted a friendly match between its football team and Shonali Otit Bangladesh, a club featuring former national players, acco
At the end of March 2024, the amount of deposits in NRBC Bank increased by nearly 17 per cent. Moreover, compared to the same period last year, the Net Asset Value (NAV) per share of the bank increased. This information was obtained from the unaudited financial report of the bank's first quarter (
