IMF raises Asia’s economic growth to 4.6pc in 2023
Reuters :The International Monetary Fund (IMF) has raised Asia’s economic forecast as China’s recovery underpinned growth, but warned of risks from persistent inflation and global...
Business & Economy
Inbound remittances through Bkash grew by 70pc
Business Desk :On the occasion of Ramzan and Eid-ul-fitr, the rate of inbound remittances through Bkash has increased by almost 70% compared to last year....
Dhaka stocks return to black
Business Report :Stocks in Bangladesh came back to the black on Tuesday after falling for a day on April 30 thanks to the increased participation...
United Power’s profit drops 22pc due to high production costs
Business Desk :The United Power Generation and Distribution Company saw a 22% year-on-year profit decrease in the third quarter of the current fiscal year due...
Foreign investment proposals rise 126pc: BIDA
BSS, Dhaka :Fully foreign and joint venture investment proposals with the Bangladesh Investment Development Authority (BIDA) rose by 126.06 per cent (Tk 28,086.31 million) during...
Taka weakens further, BB sells $1 at Tk 104.5
Business Report :The Bangladeshi taka on Tuesday weakened further against the US dollar as the Bangladesh Bank started selling the American greenback to banks at...
Romo Rouf Chowdhury re-elected as Bank Asia chairman
Business Report :Romo Rouf Chowdhury has been re-elected as the chairman of Bank Asia in the Board of Directors’ meeting held on April 30 this...
Domestic assets accelerate money supply
Business Report :The country’s total broad money supply (M2) in the banking sector is up 9.13% year on year (YOY) due to an increase in...
Nagad to disburse allowances from PM’s welfare fund
Business Desk :Nagad has been entrusted with the job of disbursing financial assistance among fire affected traders in Gopalganj’s Kotalipara, which reflects the government’s continuous...
Heidelberg Cement shares jump as it returns to profit
Business Report :Heidelberg Cement Bangladesh Ltd, the maker of Scan-branded cement, returned to profit in the first quarter of 2023, buoyed by higher net sales...