Private sector credit growth hit a 14-and-a-half-year low at 10.60 per cent in December last year due to political unrest, poor infrastructure and unfriendly policies, said experts.
According to the Bangladesh Bank... Full story
The government is going to compromise with the development budget as it has decided to cut the annual development programme by 16.5 per cent in the current fiscal year, officials said.
A meeting of the coordination council on the... Full story
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The government has decided that it would not go for coal extraction from any new field.
Officials of power, energy and mineral resources ministry said that prime minister Sheikh Hasina at a meeting with the senior officials of the ministry at its conference room... Full story
Dhaka stocks advanced on Thursday, the last trading session of the week, following media reports that the overseas investors increased their participation in the trading which made investors optimistic.
The key index of Dhaka Stock... Full story
Another brand new Boeing aircraft of Biman Bangladesh Airlines will arrive in Dhaka today.
The new guest to the fleet of the national flag carrier, Boeing 777-300ER left for Dhaka from Seattle of the US Thursday and will reach Hazrat Shahjalal... Full story
The Dhaka Stock Exchange will launch its new surveillance software to detect manipulative share transactions at the secondary market, on January 11 after more than one year of purchase, a DSE official said.
‘As guidelines for the new surveillance... Full story
British mobile phone giant Vodafone announced on Thursday a drop in quarterly revenue as strains across its European operations offset solid progress in emerging markets.
Group revenue slipped 1.5 per cent... Full story
The government’s tax collection from the Dhaka Stock Exchange increased by 10 per cent in January compared with the previous month due to increase in turnover.
The DSE paid government taxes... Full story
The Bangladesh Garment Manufacturers and Exporters Association and Impactt, a leading global ethical trading consultancy, will work together to enhance productivity in the readymade garment sector in Bangladesh.
To this end, the BGMEA... Full story
Sony warned Thursday it would book a $1.08 billion annual loss as it cuts 5,000 jobs and exits the stagnant PC market this year, as the once-mighty electronics giant struggles to reinvent itself in the digital age.
The shock news comes a... Full story
Twitter got a reality check Wednesday as the high-flying messaging company reported modest user growth during a quarter in which it lost $511 million.
Even more disconcerting, in the eyes of some industry watchers, was that the typical amount of time people spent... Full story
Bangladesh Bank and Business Initiative Leading Development have signed a Memorandum of Understanding aiming to expand cooperation between the two entities.
The MoU was signed at the 3rd meeting of the Financial Sector... Full story
Standard Bank director Gulzar Ahmed has recently been elected vice-chairman of the board of directors of the bank, said a news release.
He is the proprietor of The Apan Jewelers and ex-president of Baitul Mukarram Babosayee Group. Full story
Oil prices rose in Asian trade Thursday, extending gains on stronger demand for heating fuel in the United States as the country grapples with severe winter.
US benchmark West Texas Intermediate for March delivery advanced 19 cents... Full story
The dollar edged up in Asia on Thursday as investors await the release of key US jobs data and a European Central Bank policy meeting.
The greenback bought 101.61 yen in Tokyo afternoon trade, compared with 101.49 yen in New York Wednesday afternoon. Full story
GSP Finance Company
Siraj U Haider, one of the sponsors of the company, has expressed his intention to sell 1,75,000 shares (bonus shares) out of his total holding of 9,58,069 shares of the company at prevailing market price through Stock Exchange within next 30 working days. Full story