Business Report : Despite a 53% stock price fall, the key index of the Dhaka Stock Exchange (DSE) broke the...
Business Report : The current board and the post of CEO in Nagad abolished with the appointment of an administrator in the mobile financial service (MFS) provider, said Badiuzzaman Dider, the newly-appointed administrator of Nagad.Didar shared the information at a press conference on the first day in office at Nagad headquarters in the capital on Thursday. Nagad, without any MFS licence, is running under the postal department with the approval of the Bangladesh Bank, he said. Didar said he will...
Business Report : Brac Bank has signed a Memorandum of Understanding (MoU) with Brac Kumon to provide essential financing support...
Business Report : After the change of government, chairmen from various private banks are resigning. Even before the intervention of Bangladesh Bank, many people were leaving their posts. Some are leaving due to fear of political ire. In the meantime, the chairman of three private banks have changed quietly. Similar changes are being discussed at several other banks. Bankers say that earlier the chairman of the bank used to resign at the end of a certain term and give opportunity...
Business Report : The Bangladesh Bank has increased the dollar rate to Tk120, responding to rising demand and low supply of the greenback in the market. The interbank dollar increased to Tk120 each on Wednesday from Tk118. Money changers were asked to charge a maximum Tk121 for each dollar. On May 8, the central bank devalued the taka from Tk110 to Tk118 a dollar as part of its adoption of the crawling peg exchange rate system. Under this system, banks...
Business Report : The National Board of Revenue (NBR) has asked banks to provide account details of chairmen of five...
Business Report : The central bank is going to raise interest rates by 50 basis points to 9 percent soon within the next couple of days.Bangladesh Bank Governor Ahsan H Mansur shared the plan in an exclusive interview with the BBC. Currently, the interest rate is 8.5 percent in the country. Mansur also told the BBC that he will raise the rates further to 10 percent or more in the coming months to tame inflation. The newly appointed governor hinted...
Business Report : The Bangladesh Financial Intelligence Unit (BFIU) on Thursday asked banks to freeze the accounts of former finance...
Business Report : The National Board of Revenue (NBR) has granted permission for the delivery of containers carrying imported goods...
Business Report : Prominent businessman and social worker Lion Mohammed Abdul Aziz has been elected as the chairman of Standard Bank PLC. Board of the directors of the bank unanimously elected Mohammed Abdul Aziz as the chairman in 396th board meeting held at the bank’s head office on Wednesday. Sponsor director of the bank Aziz started his own business after completion his graduation in commerce from the renowned Dhaka College in 1972. By dint of his untiring efforts, hard work...
Business Report : Bangladesh’s new interim government on Wednesday sought US$1.0 billion from the World Bank (WB) as budgetary support...
Staff Reporter : In a bid to stimulate growth and reduce poverty, the agriculture ministry has set a target to...