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Current News

Flashfloods: 9,400 hectares of cropland submerged

Flashfloods caused by hilly surge from the upstream rivers have submerged over crops on 9,400 hector of land in the haor areas so far, officials said. Several districts in the haor region including Sylhet, Sunamganj, Kishoreganj and Netrakona have been affected by flash floods in the last three weeks due …

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Stocks witness rising turnover

Stocks opened higher on Thursday as investors kept their buying interest on major sector issues riding on the regulator’s latest steps. Following the previous two days’ rise, the market opened marginally higher and the DSEX, the prime index of the Dhaka Stock Exchange (DSE), went up by 7.69 points or …

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BB orders banks to track shipments

Bangladesh Bank yesterday asked banks to track shipments of goods which are exported with a view to tackling trade-based money laundering. Banks have to hire third parties with experience in operating the tracking system on vessels laden with exports, according to a Bangladesh Bank notice. The central bank will allow …

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BB fixes interest rates for NBFIs

Bangladesh Bank (BB) has asked all non-bank financial institutions (NBFIs) to fix maximum 7 percent interest rate on deposit and maximum 9 percent interest rate on loan. The instruction will come into effect from July 1 this year, according to a BB circular issued today. Some NBFIs have recently offered …

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