Linde, Renata surge, sending Dhaka stocks to two-month high
Stocks in Bangladesh climbed 1.6 percent yesterday, driven by a surge in the prices of some blue-chip companies such as Renata PLC and Linde Bangladesh.
5m ago
Govt not using full strength to restore macroeconomic stability
The government is not moving at full throttle in bringing discipline to the banking sector, implementing reforms wholeheartedly, taking measures against syndication, and bringing money launderers under the rule of law, said a top economist.
6m ago
Inflation battle must be at the centre of budget
Fighting raging inflation and putting the economy back on track have not been taken seriously as evidenced from the government’s delayed response, which set the scene for one of the worst economic crises in its history and an unprecedented prolonged period of higher consumer prices, said an economist.
6m ago
It’s time to correct fiscal stance
The government has not addressed the stability issue through its fiscal policy for two years in a row although the economy is in turmoil owing to both external and internal pressures. A noted economist, however, thinks it can bring the situation under better control through the budget in the next fiscal year beginning on July 1.
6m ago
FDI slips but stays above $3b
Foreign direct investments to Bangladesh snapped its rising trend in 2023, highlighting the nervousness outside investors face in pumping money into a country whose foreign exchange regime is experiencing one of its worst periods in recent times
6m ago
Bangladesh lowers cash incentive for exporters to prepare for post-LDC era
The government has cut the export subsidy for almost all sectors to reduce the pressures on Bangladesh's coffers and bring down the rates gradually
10m ago
No time to waste as new finance minister inherits wobbly economy
The economy is losing momentum. Inflation remains stubborn. Bangladesh is facing deterioration in external buffers, with official reserves falling to $20.18 billion as of January 10, less than half their historic peak in 2021. The currency shock is lingering.
10m ago
September 18, 2020
Introduce incentives for digital and card payments: MasterCard’s Bangladesh chief
The government should think of providing incentives for using digital payments to reduce the use of cash in order to become a less-cash society, said an industry executive.
September 17, 2020
Cards triumph amid pandemic
Debit card users transacted a record Tk 18,123.6 crore in July as they opted for the digital money over cash to keep the coronavirus at bay.
September 16, 2020
Economy on path to gradual recovery
Bangladesh might have already started rebounding from the persisting coronavirus pandemic as the Asian Development Bank said the economy would see a gradual recovery in the first two quarters of the fiscal year.
September 15, 2020
Nagad to make MFS account-opening faster for Grameenphone users
Bangladesh’s mobile financial service is set to take a major leap forward in the coming months after Nagad has introduced a quick account-opening process for mobile phone subscribers.
September 14, 2020
DHL stays open throughout pandemic keeping Bangladesh connected
Bangladesh was virtually cut off from the rest of the world when it suspended all commercial flights in late March in the face of the raging coronavirus. But a few companies were there to help the country bring in and send abroad shipments vital for cross-border trade and DHL Express Bangladesh is one of them.
September 13, 2020
Agent banking on a roll
Overall deposits with agent banking accounts doubled in July compared to the same period a year ago as more and more people are keeping faith with the new banking model.
September 11, 2020
Policies on e-commerce operations, complaints this month
The government has decided to draw up policies on the operations of e-commerce firms and complaint settlement by this month as it looks to pave the way for the expansion of the fast-growing sector.
September 11, 2020
State enterprises hand govt Tk 16,746cr of their surplus funds
State-owned enterprises have deposited Tk 16,746 crore to the national exchequer since laws were passed in the beginning of the year to make it mandatory for them to hand over the idle and surplus funds to the government.
September 10, 2020
Banks beef up security to fend off hackers
Banks have beefed up security, vigilance and monitoring to prevent hackers from stealing money after the central bank and the government alerted them about the fraudulent activities of a North Korean group.
September 10, 2020
StanChart rolls out first blockchain remittance service
Standard Chartered Bangladesh yesterday rolled out a blockchain-powered remittance service for Bangladeshis working in Malaysia to allow them to send money home on a real-time basis, without any hassle and at lower costs.
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