Current News

Dhaka stocks sank to a 27-month low yesterday, compelling aggrieved investors to stage a hunger strike in front of the Dhaka Stock Exchange building. The DSEX, the benchmark index of the DSE, dropped 62.73 points to close at 5,175.46. In the last one month, the bourse lost Tk 29,264 crore, …

Grameenphone subscribers’ minimum call rate is set to increase by 5 paisa a minute to Tk 0.50 as part of restrictions imposed on the operator for being declared a significant market power. Currently, the minimum call rate for operators is Tk 0.45 a minute and after adding the value-added tax …

MICROSOFT is targeting to get huge business through its cloud solution segment in Bangladesh, especially from the private sector, as the country has been advancing digitally for the last few years. The global software giant has been doing business in the cloud segment in the country since 2016 and has …

US negotiators head to China on Tuesday to try to hammer out details to end the two countries’ trade war, including the shape of an enforcement mechanism, the success or failure of which could set the trajectory of ties for years to come. US Trade Representative Robert Lighthizer and Treasury …

Experts at an international conference have suggested developing vibrant capital and bond markets to create long-term financing options for businesses. Businesses in Bangladesh now totally depend on the banking sector for term loans, whereas, as per global practice, such types of funding mainly come from alternative sources, they said. They …

Fixing priorities and assessing the social costs and economic benefits of large infrastructure projects have become important for Bangladesh as many of them are funded by costly suppliers’ credit, said Prof Wahiduddin Mahmud yesterday. “There are some eye-catching projects. But it is urgent to fix priority. I think a critical …

Japanese motorbike manufacturer Yamaha, in partnership with ACI Motors Ltd, yesterday launched two new models of two-wheeler with a view to attracting young riders in Bangladesh. The models — FZS FI V-3.0 and FZ V-3.0 – were unveiled at a programme at Le Meridien Dhaka Hotel in presence of around …

The government yesterday awarded 24 companies in the apparel, finished leather, jute, pharmaceutical and tea sectors for maintaining consistently high safety and health standards in the irrespective factories. The recipients of the Occupational Safety and Health (OSH) awards are: Plummy Fashions, Wisdom Attires, Nafisa Apparels, Mother Colour, Fatullah Apparels, Comfit …

The absence of vibrant stock and bond markets is to blame for the banking sector’s current woes including liquidity crunch and bulging non-performing loans, experts said yesterday. Banks are providing long-term loans with their short-term deposits, which is essentially the root of the problem, they said. “This is fundamentally a …

The Foreign Investors’ Chamber of Commerce & Industry (FICCI), whose members bring in investment to Bangladesh and contribute immensely to revenue generation, celebrated its 55th anniversary in Dhaka on Saturday.