Migrants sent home $2.6 billion in the first 29 days of April
The government will try to address the concerns of businesses, says finance adviser
Bangladesh’s foreign exchange reserves have reached the $22 billion mark after several months, thanks to an increased inflow of foreign currency generated by remittances and export earnings.
The hike in US tariffs is likely to put pressure on the banking sector, said business leaders and bankers in a dialogue yesterday.
The Bangladesh Securities and Exchange Commission (BSEC) has suspended 21 of its officials for misconduct and breaches of discipline during a protest in March against the commission’s senior leadership.
In spite of a government directive given in December 2023 for increasing minimum wages in the readymade garment (RMG) sector, nearly one third of factories have failed to implement a revised pay scale, according to a new study.
The Bangladesh Securities and Exchange Commission (BSEC) has decided to focus on facilitating initial public offerings (IPOs) of well-performing local, multinational, and state-run companies in order to boost investors’ confidence.
If an angry trading partner wanted to go for US President Donald Trump’s jugular, its head of state might make a speech something like this:
The Bangladeshi manufacturing sector, particularly textiles and garments, is vital to the global supply chain. Despite its strategic importance, the sector faces significant headwinds, especially in terms of worker welfare.
Two entities of Square Group -- Square Pharmaceuticals and Square Textiles -- reported positive growth in the third quarter of the 2024-25 fiscal year.
The authorities have formed a national committee to examine the feasibility of establishing free trade zones (FTZs) -- designated areas where goods can be imported, processed, and re-exported without interference from customs authorities.
Marico Bangladesh’s profit grew in its fiscal year 2024-25 thanks to higher revenue and finance income.
Private commercial lenders BRAC Bank and City Bank registered significant profit growth last year..BRAC Bank’s consolidated profit surged 73 percent year-on-year to nearly Tk 1,432 crore, while that of City Bank rose by 59 percent to around Tk 1,014 crore..BRAC Bank reported consolid
The Bangladesh Poultry Industries Central Council (BPICC), in collaboration with the US Soybean Export Council (USSEC), has launched the first-ever “Soy Month” to raise public awareness of soybean’s nutritional, agricultural, and economic significance..The initiative was inaugurated at the
"We will engage, not anger them,” Ahmed said while addressing a group of business leaders
The protest stemmed from growing frustration among revenue officials over a clause in the proposed “State Policy and Revenue Management Ordinance, 2025”.
He also called on business leaders to share information with government about the current economic situation, particularly the impact of US President Donald Trump’s tariffs.
Trump signed an executive order to limit the impact of overlapping tariffs on automakers.
Donald Trump has shown he has a low pain threshold. The US president seems happy to bully those he considers weak. He does not seem so relaxed when there is a strong counter-reaction, especially from financial markets.
HSBC warned that loan demand and credit quality could suffer from the broader fallout of US President Donald Trump’s global trade war, signalling tougher times for trade-focused banks even as the lender’s first quarter profit beat forecasts.
While the inflation impact is less clear, the short to medium-term effects may even prove disinflationary for the euro area, Cipollone added.
"Relevant Chinese airlines and Boeing in the United States have suffered greatly," a spokesperson said.
A White House official confirmed the report and indicated the move would be made official on Tuesday.
U.S. President Donald Trump's global trade war has rattled financial markets and raised fears of a recession, particularly as tit-for-tat tariffs between the world's two biggest economies threaten to upend supply chains and a whole range of industries.
Trump’s barrage of tariffs against global trading partners has reverberated around the United States over the past few months, affecting the livelihoods of myriad Americans, including many who said they voted for him.
United Finance PLC, a non-bank financial institution (NBFI), recorded a 46.21 percent year-on-year increase in net profit, reaching Tk 20.9 crore in 2024..This strong performance reflects robust operational execution and prudent financial management amidst a challenging macroeconomic lands
Accelleron Bangladesh, in collaboration with Accelleron—a Switzerland-based global technology leader in turbocharging, fuel injection, and digital solutions for the marine and energy industries—recently hosted an event in Bangladesh, bringing together over 150 leaders and stakeholders from the p
Mentors Guild Inc (GUILD), a US-based corporation, has launched Guild Consulting Bangladesh, an innovative management consulting firm designed to meet the growing needs of Bangladesh’s business, nonprofit, and government sectors..Guild Consulting Bangladesh represents the first-ever US-Ban
United Finance PLC, a non-bank financial institution and a subsidiary of United Group, celebrated its 36th Foundation Day at the institution’s head office in Dhaka on Sunday..Hasan Mahmood Raja, chief adviser of the NBFI, inaugurated the daylong programme as the chief guest, according to a
BP, the British multinational oil and gas company, and Meghna Petroleum Limited, the national oil company under Bangladesh Petroleum Corporation, have celebrated their longstanding association spanning 40 years, which has helped transform the automobile and lubricants industry in Bangladesh..
Bank Asia Securities Limited has organised its 14th Annual General Meeting (AGM) at the board room of Bank Asia PLC, Rangs Bhaban, on Bijoy Sarani in Dhaka recently..Romana Rouf Chowdhury, chairman of Bank Asia Securities Limited, attended the meeting as the chief guest..Chowdhury si
The programme was organised to honour the teachers' outstanding commitment to reimagining classrooms with compassion
Singer Bangladesh Limited has declared a 10 percent cash dividend for the year 2024..The announcement was made during the company’s 45th annual general meeting (AGM), held virtually yesterday, according to a press release..Can Dincer, director of the company, presided over the meetin
Watch to find out more in today's episode of Star Explains with Ahsan
In recent years, treasury bills and bond interest rates have exceeded those of savings certificates
When prices of widely consumed staples like potatoes, edible oil, sugar or onions spike and remain inflated for extended periods, it understandably hits the poor and low-income people where it hurts the most: in their wallet.
Migrant Bangladeshis sent home $2.39 billion in October
The price of potatoes has begun an upward climb in the market
Several hundred tax and customs officials staged a demonstration at the National Board of Revenue (NBR) headquarters in Dhaka today, demanding revisions to a draft ordinance that proposes dividing the board into two separate divisions and allowing top appointments from outside the revenue cadre.
Banglalink has launched a new range of data packages, increasing the volume of data, voice minutes, and bundle allocations by up to 25 percent..Customers can now get 20 percent more data, 22 percent more voice minutes, and expanded bundle volumes under the updated plans, the third-largest
The Bangladesh Securities and Exchange Commission (BSEC) promotes orange bonds to provide women entrepreneurs, especially those in rural areas, an easy financing solution, remove gender bias, and improve women’s living standards, said its officials yesterday.. They were addressing a worksh
Abdus Salam, a sponsor director, has been elected vice-chairman of NCC Bank PLC..The election took place during a recent meeting of the bank’s board of directors, according to a press release..Over the decades, he has distinguished himself as an authority in electromechanical install
IFIC Bank PLC has signed a memorandum of understanding (MoU) with the Investment Corporation of Bangladesh (ICB) to provide payroll banking services for ICB’s employees..Md Nazimul Hoque, chief manager of principal branch at the bank, and Md Anwar Shamim, general manager of ICB, signed the
Al-Arafah Islami Bank PLC has opened a hajj booth to provide services to hajj pilgrims at Ashkona Hajj Camp on Monday..Mohd Rafat Ullah Khan, managing director (current charge) of the bank, inaugurated the booth as the chief guest, said a press release..In his speech, Khan said, “Haj
EXIM Bank PLC yesterday launched a hajj booth at the Ashkona Hajj Camp to provide essential services to pilgrims during the hajj season..M Akhter Hossain, managing director (current charge) of the bank, inaugurated the booth as the chief guest, according to a press release..The booth
Trust Bank PLC has recently signed a memorandum of understanding (MoU) with Bangladesh Jail..Under this MoU, all personnel employed by Bangladesh Jail nationwide will be eligible to open salary accounts with Trust Bank and avail themselves of a comprehensive suite of banking services..<
Prime Bank PLC has entered into a memorandum of understanding (MoU) with ICB Asset Management Company Limited (IAMCL) to boost the sales of units of open-end mutual funds managed by IAMCL..Prof Abu Ahmed, chairman of the Investment Corporation of Bangladesh and IAMCL, and M Nazeem A Choudh
Starlink must also obtain tariff approval before launching the service
