Economy

Economy

Central Counterparty denies allegations of operational inefficiencies

Central Counterparty Bangladesh Limited (CCBL) has rejected concerns of the Dhaka Stock Exchange (DSE) over the lack of governance and transparency as well as operational inefficiencies at the clearing and settlement company..Instead, the CCBL alleged that its activities are being delayed

10h ago

First Security Islami Bank sacks DMD

First Security Islami Bank (FSIB) has fired a newly appointed deputy managing director over his alleged involvement in irregularities at his previous place of employment, Social Islami Bank Limited (SIBL).

10h ago

Shipping adviser angered by slow auction process of Chattogram customs

Shipping Adviser Brig Gen (retd) M Sakhawat Hussain expressed strong dissatisfaction with the Chattogram Custom House for its slow progress in clearing auctionable goods and vehicles piled up in various yards and auction sheds at Chattogram port. He warned that action would be taken if the

10h ago

Islami Bank MD forced out of office

Mohammed Monirul Moula, the managing director of Islami Bank Bangladesh, has not gone to his workplace since December 19 when he was forced to leave by a group of officials.

10h ago

Tax return submission deadline extended to Jan 31

The National Board of Revenue (NBR) has for a second time extended by a month the deadline for individual taxpayers to file tax returns. 

10h ago

As dollar jumps, old inflation battle to get tougher in new year

After a four-month lull, US dollar prices made an abrupt jump in December, making imports more expensive and pushing up business costs.

10h ago

Not a good year for job-seekers

Fresh graduates, their faces pale and uncertain, spent 2024 poring over newspaper job advertisements, applying for any suitable position and frantically appearing for recruitment exams in Dhaka.

10h ago

BB waiting for law to sue Nagad

The Bangladesh Bank is waiting for the interim government to bring a Payment and Settlement System Act, 2024 into effect, as it intends to take legal action against mobile financial service (MFS) provider Nagad Ltd over alleged irregularities.

10h ago

Inflation 7% by next June: BB governor

Bangladesh Bank Governor Ahsan H Mansur yesterday said the interim government has set a target to reduce inflation to 7 percent by the end of next June and further below 5 percent in the next fiscal year..“We have reviewed many countries, including the US, the UK, European Union or Thailan

1w ago

New platform launched to promote evidence-based policy formation

bdevinsights.com is the website of the platform

1w ago

DSE brokers call for suspension of CCBL procurement amid governance concerns

The DSE Brokers Association raised alarms over CCBL's past procurement practices

1w ago

Tariff commission suggests 25% regulatory duty on rice bran oil exports

The suggestion comes in response to soaring cooking oil prices

1w ago

Dacca Dyeing’s FY24 losses surge 344% 

Gas line disconnection by Titas primary reason for the loss 

1w ago

ADB gives $100 million loan for Bangladesh infrastructure finance fund

The project will be implemented in between 2024 to 2029 

1w ago

Dhaka stocks up in early trade 

Total turnover stood at Tk 78.40 crore

1w ago

Paramount Textile’s Q1 profit declines 20%

Paramount Textile has seen a drop in profit in the first quarter because of high finance costs and the closure of an associated company.

1w ago

ADB approves $600m to accelerate economic recovery

The Asian Development Bank (ADB) has become the first among multilateral and bilateral lenders to respond to the interim government's call for budgetary support, approving $600 million aimed at easing pressure on foreign exchange reserves and accelerating economic recovery.

1w ago

Govt to buy 1.40cr litres of edible oil

The interim government will procure 1.40 crore litres of edible oil from S Alam Super Oil Ltd for sale among low-income people at subsidised rates through the Trading Corporation of Bangladesh (TCB)..The advisory council on public procurement endorsed the proposal at a meeting in Banglades

1w ago