Current News

Local clothing retailers and brands expect their sales to revive in the upcoming Pahela Falgun, Valentine’s Day, Pahela Baishakh and Eid festivals thanks to the arrival of the Covid-19 vaccine, according to market insiders.

The Bangladesh Bank on Wednesday allowed mobile financial service operators such as bKash, Nagad, Rocket and others MFS licensees by the Bangladesh Bank to repatriate export proceeds of small value IT-enabled services providers in digital wallets.

In the fourth quarter of 2020, a number of banks were able to decrease their shortfall thanks to the central bank’s relaxed rules that allowed lenders to stagger their provisioning

Pent-up demand for its two core products, refrigerator and air conditioner, led the recovery

Major US stock indexes registered all-time closing highs on Monday amid optimism over US fiscal stimulus, and bitcoin jumped after Tesla revealed it had purchased $1.5 billion of the cryptocurrency and would soon accept it as a form of payment.

Loan disbursement through the banks’ agent banking wings increased by 525.07 per cent or Tk 770.8 crore year-on-year in the OctoberDecember period of 2020 as the system became a much more cost-efficient way of availing banking services compared with branch-based banking.

The Anti-Corruption Commission has suggested that the National Board of Revenue should properly crosscheck the authenticity of taxpayers’ income from reduced income tax rate enjoying sectors, including fish farming and poultry, to prevent accumulation of illegal assets.

The World Bank and Bangladesh on Tuesday signed a $200 million financing agreement to help 3.6 million people access hygienic sanitation facilities and about 600,000 people access clean water in rural areas.

The British High Commissioner in Bangladesh Robert Chatterton Dickson on Tuesday had a courtesy visit to Dhaka Chamber of Commerce and Industry (DCCI) and met its President Rizwan Rahman to discuss various bilateral issues relating to trade and commerce.

The Bangladesh Textiles Mills Association has demanded that the government should withdraw the Bangladesh Bank provision that makes the bonded warehouse licence mandatory for opening back-to-back letters of credit to encourage exports of local textiles.