Business


Dollar rate falls in Bangladesh’s kerb market as demand drops

Business —19 September, 2024 09:01

The value of the US dollar has decreased in Bangladesh’s kerb (open) market due to a drop in demand and an increase in supply. Currently, the dollar…

Dollar rate falls in Bangladesh’s kerb market as demand drops

Task force demanded to reform capital market

The Dhaka Stock Exchange (DSE) Brokers Association (DBA) has…

Task force demanded to reform capital market
BB receives $2.5b loan proposal from WB, ADB

Bangladesh Bank (BB) has received a total of US$ 2.5billion…

BB receives $2.5b loan proposal from WB, ADB

ADB to provide $400m as budget support within Dec: Salehuddin

ADB to provide $400m as budget support within Dec: Salehuddin

Adviser to the interim government on the Ministries of Finance and Commerce Dr Salehuddin Ahmed today informed that the Asian Development Bank (ADB) would provide $400 million to Bangladesh…

US pvt sector key to unlocking Bangladesh’s growth: US embassy

US pvt sector key to unlocking Bangladesh’s growth: US embassy

The US private sector can help unlock Bangladesh’s growth potential through trade and investment, provided the right economic reforms are in place, the US Embassy in Dhaka said…

TCB to begin nationwide sale of essentials on Sunday

TCB to begin nationwide sale of essentials on Sunday

In compliance with directives from the Ministry of Commerce, the Trading Corporation of Bangladesh (TCB) will commence the sale of essential commodities across the country from Sunday.…

Salehuddin vows to continue reforms in financial sector

Salehuddin vows to continue reforms in financial sector

Citing reforms in the revenue and banking sectors as two most important challenges before the country's economy,Adviser to the interim government on the Ministries of Finance and Commerce…

FSIB hopes to turn around by December

FSIB hopes to turn around by December

Bangladesh’s banking sector fell into an abyss from which there seemed to be no way out at some point of the last decade. Ask insiders, particularly bankers, and they will tell…

Barapukuria resumes partial electricity production

Barapukuria resumes partial electricity production

After being completely shut down for three days, the Barapukuria thermal power plant in Dinajpur has resumed partial electricity production. Chief Engineer of the thermal power plant,…

Ashik Chowdhury appointed BIDA executive chairman

Ashik Chowdhury appointed BIDA executive chairman

Ashik Chowdhury has been appointed as the new Executive Chairman of the Bangladesh Investment Development Authority (BIDA) for a two-year term, with the status of a senior secretary. The Public Administration Ministry issued a gazette notification to this effect on Thursday. Further terms of his appointment will be specified in the approved contract. The appointment was made in the public interest, according to the notice.

Hafizur Rahman appointed as administrator of FBCCI

Hafizur Rahman appointed as administrator of FBCCI

The government has appointed Md Hafizur Rahman, a member of Bangladesh Competition Commission and also a former additional secretary, as the administrator of the Federation of Bangladesh…

Five Petrobangla staff temporarily suspended

Five Petrobangla staff temporarily suspended

Four officers and one employee of Petrobangla have been temporarily suspended for their alleged involvement in the incident of attack at the Petrobangla headquarters in the city on…

Reserve stands $19.46 billion

Reserve stands $19.46 billion

Bangladesh Bank (BB) has paid USD $1.37 billion in import liabilities of member countries of the Asian Clearing Union (ACU) for the last two months of July and August. After paying…

Trade and commerce with Pakistan to be revived: Salehuddin 

Trade and commerce with Pakistan to be revived: Salehuddin 

Finance and Commerce Adviser Dr Salehuddin Ahmed on Tuesday put emphasis on expediting the long stagnated trade and commerce relations between Bangladesh and Pakistan.  "Trade…

Govt to procure 25,000MTs of rock phosphate, 40,000MTs of MOP fertilizer

Govt to procure 25,000MTs of rock phosphate, 40,000MTs of MOP fertilizer

The government on Tuesday approved separate proposals for procuring some 25,000 metric tons (MTs) of rock phosphate and 40,000MTs of MOP fertilizer to meet the growing demand of the…

Body formed to probe stock manipulation by S Alam, Salman F Rahman

Body formed to probe stock manipulation by S Alam, Salman F Rahman

The Bangladesh Securities and Exchange Commission (BSEC) on Monday formed a committee to investigate the market involvement and activities by Saiful Alam, popularly known as S Alam,…

BAB gets new chairman after 17 years

BAB gets new chairman after 17 years

Dhaka Bank Chairman Abdul Hai Sarkar has been elected as the new chairman of the Bangladesh Association of Banks (BAB). Apart from this, First Security Islami Bank Chairman Mohammad…