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Bangladesh Bank (BB) has formed a Taka 2,000 crore refinance scheme to develop the country’s shipbuilding industry. Under the scheme, a customer can get a loan with 4.5 per cent interest rate, said a BB circular issued today. Customers can take loans as per their needs, based on the bank-customer …

The country’s health sector needs adequate allocation in the upcoming national budget as per the recommendation of WHO to ensure proper health services for all, say experts. “Bangladesh’s budgetary allocation for the health sector is lower than other countries. I demand at least 10 percent of the total budget for …

Stocks bounced back on Thursday amid choppy trading as bargain hunters went on late hours buying spree riding on the securities regulator’s latest effort to lower the downward circuit breaker again. The market opened lower and the key index fell around 15 points within the first hour of trading, but …

Serbian Foreign Affairs Minister Nikola Selakovic has expressed his country’s interest in investing in the food storage industry of Bangladesh. The visiting minister expressed his interest during a courtesy call on FBCCI senior vice-president Mostofa Azad Chowdhury Babu on Thursday. Selakovic said his country’s storage companies are one of the …

General stock investors in Bangladesh rushed to buy stocks yesterday after the regulator lowered the limit of the circuit breaker to stop the free fall of the index. The Bangladesh Securities and Exchange Commission (BSEC) reduced the lower limit of the circuit breaker from yesterday so that no stock can …

South Korean company HKD Bangladesh is going to establish an industry in Bepza Economic Zone to manufacture a range of camping equipment, from tents and sleeping bags to nuts and steel wires. The company will invest $35.03 million to set up the facility where 6,650 Bangladeshis will get employment opportunities, …

The government should properly manage subsidies in the energy sector as taxpayer-backed spending is set to surge owning to higher commodity prices in the global market, according to the Metropolitan Chamber of Commerce and Industry (MCCI). “Skilful management of the high subsidies on electricity, gas and fertiliser prices is necessary …

Bangladesh’s national currency may weaken further against the US dollar as the central bank has moved to restore stability in the foreign exchange market. The new interbank exchange rate, the rate charged on short-term loans made between banks, could see the taka slide by another Tk 2, said the managing …

Russia’s central bank cut its key interest rate Thursday following an emergency meeting, as authorities seek to rein in the rouble which has surged in value despite the conflict in Ukraine. The Bank of Russia slashed the rate to 11 per cent from 14 per cent, saying external conditions for …

Earnings of Bangladesh Shipping Corporation (BSC) rose 183 per cent year-on-year in the January-March quarter of the current financial year on the back of a significant increase in fares in the shipping sector internationally. The state-run organisation reported earnings per share (EPS) of Tk 3.31 for the quarter, which was …