Business Report : With the ousted government’s support, two controversial businessmen – Salman F Rahman and Saiful Alam Masud –...
Business Report : Delta Life Insurance Company has announced a 30% cash dividend for its shareholders for the financial year ending 31 December 2023. With the declaration, the insurer is set to pay a 30% cash dividend to its shareholders for the fifth consecutive year, starting in 2019, according to data from the Dhaka Stock Exchange (DSE). However, despite the consistent dividend announcements, Delta Life’s stock price dropped by 5% following the news, closing at Tk100.7 apiece today (15 August)....
Business Report : Sources say that S Alam’s meteoric business expansions helped his family gain Tk45,000 crore in a very...
Business Report : Six more readymade garment (RMG) factories of the country have achieved the recognition of the LEED certification...
Business Report : The Bangladesh Bank Officers’ Welfare Council has urged the interim government to amend the Bangladesh Bank Order 1972 to ensure complete autonomy of the central bank by establishing administrative, operational and financial independence. The council made the demands through a memorandum submitted to the finance adviser of the interim government on Friday. Council leaders later informed journalists of their demands during a press conference at the Bangladesh Bank headquarters in Dhaka. Tanveer Ahmed, acting president of the...
AFP, Hong Kong : Japanese stocks surged and markets across Asia started strong on Friday, tracking substantial gains on Wall Street after encouraging US retail sales data reassured investors about the health of the world’s biggest economy. The key Nikkei 225 index added nearly three percent following rallies on Wall Street, continuing a bullish run after stocks in Tokyo crashed Monday on worries about the US economy and a stronger yen. Encouraging economic growth in Japan had already spurred the...
BSS, Chattogram : The authority decided to open Chattogram Custom House (CCH) on today (Saturday) for the convenience of importers...
Business Report :Loan disbursement by microfinance institutions (MFIs) as well as the number of microcredit beneficiaries increased substantially across the country amid suitable policy and easy access to loans, according to a report.Although the rate of interest is higher than that of other credits, microcredit disbursements by the registered MFIs increased nearly 30% to Tk249,302 crore at the end of June 2023 from Tk191,883 crore at the end of June 2022.The total amount of loan recipients also rose to 31.53...
Business Report :A US proposal is making rounds for deputing its skilled revenue advisers to help expand Bangladesh’s revenue base and enhance receipt is under scrutiny.In the proposal, the US Department of Treasury expressed its willingness to provide technical assistance to the Bangladesh government for expanding the country’s poor base of domestic revenue, according to NBR sources.During his recent Dhaka visit, Doland Lu, Assistant Secretary of State for South and Central Asian Affairs, expressed his government’s willingness to the Foreign...
Business Report :Certificates were distributed to trainees at the concluding ceremony of the 84th and 85th batches of the 30-day Basic Banking Course organized by the Agrani Bank Training Institute (ABTI). The event took place on Wednesday, 14 August at ABTI, with the Chief Executive Officer of Agrani Bank, Md. Murshedul Kabir, serving as the chief guest. Also present were Wahida Begum, Deputy Managing Director of Agrani Bank, and Md. Aminul Haque, General Manager (HRPDOD). The ceremony was chaired by...
BSS :The Bangladesh Bank Officers Welfare Council yesterday called upon the interim government to amend the Bangladesh Bank Order 1972 for ensuring complete autonomy of the central bank.They made the demand in a memorandum submitted to the finance adviser of the interim government and later informed journalists about the demand in a press conference at the central bank headquarters in the city.The council recommended that Bangladesh Bank should be kept free from political interference and influence at the time of...