Day: October 2, 2024
Business Report : Remittance inflow into Bangladesh surged by $1.07b in September, marking an impressive 80.22% year-on-year increase. According to the Bangladesh Bank, total remittances in September of the current fiscal year (2024-25) reached $2.40 billion, a substantial increase from $1.33 billion in the same month of the previous fiscal year.Additionally, remittances in September rose by $180 million compared to the previous month. This surge indicates a growing trend of expatriates utilising formal banking channels to send money to Bangladesh.Bankers...
Business Report : US-based LNG company Excelerate Energy on Monday announced the addition of former US ambassador to Bangladesh Peter...
Business Report : Southeast Bank PLC. recently conducted a comprehensive workshop covering Retail Product Knowledge, Credit Assessment Tools, and Marketing Strategies. The event was organised for 59 Associate Relationship Officers at the bank’s training institute. Expanding its focus on retail banking alongside its well-established corporate and SME banking services, Southeast Bank aims to meet the diverse needs of individual clients by offering a range of innovative products. These include Home, Car, Personal, and Doctor’s Loans. In addition, various customer-oriented campaigns...
Business Report : Bangladesh’s foreign loan commitments took a deep dive down in the first two months of the ongoing fiscal year 2024-25 (FY25), witnessing a 98% year-on-year fall. The period coincides with the countrywide movement in July and August which eventually led to the resignation of former prime minister Sheikh Hasina. In July and August of this year, Bangladesh secured $20.16 million in foreign aid commitments from development partners for project funding and budget support, a dramatic decrease from...
Business Report : Dhaka Bank PLC announce the appointment of Sheikh Mohammad Maruf as its new Managing Director (MD). Maruf...
Business Report : Bangladesh’s interim government is focusing on key reforms to stabilize the nation’s economy, with a new survey...
Business Report : The major index DSEX of the Dhaka Stock Exchange (DSE) slipped on Tuesday while the daily turnover fell below Tk400 crore for the first time in the last 45-day. On the day, the DSEX fell by 0.67% to close at 5,586, hitting a 37-day low, while the blue-chip index DS30 dropped 14 points to settle at 2,039. The turnover value stood at Tk389 crore, lowering 23% from the previous day. On 24 July, the DSE recorded the...