Bangladesh Bank yesterday asked the foreign ministry to verify a number of information of five foreign shareholders of Nagad Digital Bank PLC.
Mobile internet users in Bangladesh have complained of Facebook and Messenger outages again.
Marico Bangladesh Ltd, a listed multinational company, said its profit soared 30 percent year on year to Tk 172.57 crore in the April-June quarter.
S&P Global has downgraded Bangladesh’s rating amid persistent pressure on the country’s external accounts and deadly protests.
Internet connectivity in Bangladesh will face partial disruptions for 12 hours today due to the maintenance of a submarine cable. That comes on top of the country’s already slow internet speed.
Stocks gained marginally in early trade today, returning from losses it suffered a day earlier.
Internet connectivity in Bangladesh will face partial disruption for 12 hours from this morning because of maintenance of 1st submarine cable, said Bangladesh Submarine Cables PLC (BSCPLC) in a press release.
Linde Bangladesh Ltd has sold its welding electrode business to ESAB Group, an American-Swedish industrial company, said the company today.
The ADB’s projection comes days after the Bangladesh Bureau of Statistics said economic growth in the October-December quarter of fiscal 2023-24 halved to 3.78 percent, the slowest pace in three quarters, as manufacturing output growth declined sharply owing to reduced domestic consumption.
United Commercial Bank (UCB) is likely to take over trouble-ridden National Bank Ltd (NBL), according to officials of the lenders.
Inflation edged up in March after marginally easing in the previous month, showing no signs of respite to consumers already hurt by the consistent erosion of buying capacity due to elevated prices.
The central bank of Bangladesh has tightened the monetary policy but its transmission has been hindered by the SMART lending rate cap since it slows pass-through to lending rates due to the use of a moving average, the World Bank said in a report today.
Bangladesh’s real GDP growth is projected to remain relatively subdued at 5.6 percent in the current fiscal year, compared to the average annual growth rate of 6.6 percent over the decade preceding the Covid-19 pandemic, the World Bank said today.
The hurried initiative of merging banks may not bring about the desired outcome, said analysts at a webinar.
The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) today demanded exemplary punishment for those responsible for neglecting safety measures after 46 lives were lost in a devastating fire at a building in the capital’s Bailey Road on Thursday night.
Daraz Group, Alibaba' s South Asian e-commerce arm that operates in five markets including Bangladesh, has announced that it is letting go of “many” employees but stopped short of disclosing the number.
The National Board of Revenue (NBR) today extended the deadline for tax return filing by companies by two months to April 30, according to an order.
The Sammilito Parishad, a panel which is participating in the biennial polls of Bangladesh Garment Manufacturers and Exporters Association (BGMEA), today said it would work to develop a smart garment sector if it wins the election scheduled March 9.
