sBanks asked to credit funds to retention quota accounts after LC settlement
Business Desk :The Bangladesh Bank on Tuesday ordered banks to credit foreign currencies to the retention quota accounts of suppliers after the settlement of the...
Business & Economy
BB sets cost ceiling for short-term trade finance in forex
Business Desk :The Bangladesh Bank on Tuesday set the all-in-cost ceiling for short-term trade finance in foreign currencies.All-in-costs comprise the entire cost of a financial...
Stocks rise for second day
Business Desk :The stock index rose for the second consecutive day on Tuesday while the turnover also jumped thanks to the increased participation of the...
ILO, BIDA sign deal to streamline OSS for investors
Business Desk :The International Labour Organization (ILO) and Bangladesh Investment Development Authority (BIDA) signed an agreement on Tuesday to promote, simplify and harmonise the one-stop...
Newly launched trading scheme to help BD grow, prosper
UNB, Dhaka :The United Kingdom (UK) has launched the Developing Countries Trading Scheme (DCTS) which provides tariff reductions and simpler terms of trade to 65...
bti achieves AA1 credit rating
Business Report :Leading real estate company Building Technology & Ideas (bti) Ltd has recently received AA1 credit rating from the Credit Rating Agency of Bangladesh...
Navana Pharma IPO subscription opens on 13 Sept
Business Desk :The primary subscription of the initial public offering (IPO) of Navana Pharmaceuticals Ltd will open on 13 September and continue till 19 September.The...
China unexpectedly cuts key rates as economic data disappoints
Reuters, Beijing/Shanghai :China’s central bank cut key lending rates in a surprise move on Monday to revive demand as data showed the economy unexpectedly slowing...
BB moves to ensure finance for small business clusters
Business Desk :With an aim to facilitate increased access to finance for micro, small and medium enterprises operating in clusters, Bangladesh Bank on Sunday asked...
MFS transactions rise 20pc in June
Business Desk :Transactions through mobile financial services rose by 19.89 per cent year-on-year to Tk 94,293 crore in June.According to Bangladesh Bank’s latest data, the...
Sonali, Rupali and Agrani Banks get new MDs
Business Desk :The government has appointed new managing directors to three state-owned commercial banks – Sonali, Rupali and Agrani. Bangladesh House Building Finance Corporation Managing...