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Call money market shrinks as banks rush to BB

Business Desk: The interbank call money market, a crucial channel for short-term liquidity among banks, is currently seeing a notable decline as banks opt to deposit their surplus cash with the Bangladesh Bank’s Standing...

IPDC, Mercedes-Benz to expand EV infrastructure

Business Report: IPDC Finance PLC has launched a state-of-the-art electric vehicle (EV) charging station at its corporate headquarters in Gulshan, Dhaka, in partnership with Rancon Motors Ltd., the official distributor of Mercedes-Benz in Bangladesh,...

Shimanto Bank approves 5pc stock dividend

Business Report: Shimanto Bank PLC held its 9th Annual General Meeting (AGM) recently at Shahid Captain Ashraf Hall, HQ BGB, Peelkhana. During the AGM, shareholders approved a 5 per cent stock dividend for the...

Reduce bank interest rates for investment

Reza Mahmud: Business leaders urged the authorities concerned to reduce bank interests for the sake of attaining investments in Bangladesh. They opined that reduction in policy interest rates must inspire investors to invest more...

Janata Bank employees voice dissatisfaction

Business Report: A large number of officials at Janata Bank have voiced strong dissatisfaction over a newly drafted promotion policy, alleging that it favors a particular group and undermines merit and fairness. Employees who...

US tariff hike slams economy, not just RMG

Business Report: A proposed 35 per cent tariff on Bangladeshi garment exports to the United States is expected to have far-reaching consequences, extending beyond the $8 billion in annual shipments, according to industry experts...