Day: September 25, 2024
Business Report : Bangladesh Bank (BB) on Tuesday increased the policy rate, also known as repo rate, again by 50 basis points to 9.50 per cent to contain double-digit inflation. The new rate will be effective from Wednesday (September 25), said a circular issued on the day. This is the fourth hike this year and 11th since May 2022. As a result, the interest rate of the money that the banks borrow from the central bank will increase.Additionally, there will...
Gazi Anowar : The Negative Cash flows doubt Padma Islami’s viability as the audit company raised serious concerns regarding the company’s financial activities. It issued a “Qualified Opinion” due to various unresolved issues for the year ending December 31, 2023. One of the critical concerns outlined in the report is related to the Sadaka Fund (Padma Welfare Fund), which amounts to Tk 4.34 crore. The auditors noted their inability to confirm this amount due to a lack of sufficient appropriate...
Business Report : Dhaka Stock Exchange (DSE) on Tuesday also witnessed an upward trend like earlier as investors continued their buying spree on large-cap issues amid optimism. DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 17.57 points or 0.30 per cent to settle at 5,777.96. Two other indices also ended higher with the DSE 30 Index, comprising blue chips, rose 12.49 points to finish at 2,109.45 and the DSE Shariah Index (DSES) advanced 14.30 points...
Business Report : Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, recently signed a new payroll agreement with Dhaka Club Limited at Dhaka Club’s office. This partnership marks a significant milestone in enhancing the financial management and payroll efficiency for Dhaka Club’s employees. Under this agreement, Prime Bank will provide a seamless payroll management solution that will streamline salary disbursements and offer exclusive banking services to Dhaka Club’s Employees. Dhaka Club will enjoy benefit...
Business Report : Bangladesh Association of Software and Information Services (BASIS) on Tuesday organized “BASIS America Desk Stakeholders’ Meet” with...
Business Report : Challenging the central bank to go further if it truly wants to save troubled banks, prominent businessman and newly-installed chairman of National Bank Limited (NBL) Abdul Awal Mintoo has said merely restructuring the board of directors of these banks after dissolving the previous ones will not be enough to resolve the crisis in the banking sector. Rather, Bangladesh Bank has to arrange liquidity support to the tune of at least Tk 1000 crore for each of the...
BSS, Dhaka : Ace all-rounder Shakib Al Hasan will be part of the Bangladesh team for the home Test series...
Agency : India opted to tighten their security arrangements for the upcoming India-Bangladesh second Test match, set to take place...