Share prices of all listed banks tumbled up to 72 per cent in the past one year until March 25, 2020 amid prolonged bearish trend in the country’s capital market.
Read More »Forex reserve reaches $33b on lower import
The country’s foreign exchange (forex) reserve reached at US$33 billion-mark on Wednesday following lower import payment pressure on the economy due to the worldwide spread of coronavirus pandemic.
Read More »Sweden won’t cancel garments orders
Swedish Prime Minister Stefan Lofven on Wednesday assured that his country will not cancel any garment product order from Bangladesh.
Read More »Banks’ new headache? Looming bulk credit card charge-offs.
Credit cards were slowly but surely finding a place in consumers’ hearts in recent years, thanks to a combination of banks’ aggressive push, a growing aspirational middle-class population and increasing awareness of the convenience the payment tool provides.
Read More »Oil extends rally as virus worries ease
Oil prices extended a rally Thursday after US data showed improving demand and stockpiles rising less than expected, in a boost for markets ravaged by the coronavirus pandemic.
Read More »Workers who could not return to factories will get 60pc of wages during lockdown
The workers who could not join their factories in April due to the ongoing lockdown over the coronavirus outbreak will receive 60 percent of their wages. State Minister for Labour and Employment Monnujan Sufian revealed the information on Wednesday after meetings with representatives of factory owners and workers.
Read More »Provide interest-free loan to farmers: Sanem
South Asian Network on Economic Modeling (Sanem) has called giving farmers for interest-free loan, rather than a 4 percent interest loan for them.
Read More »Marico BD declares final 200pc cash dividend
The board of directors of Marico Bangladesh Ltd has recommended final 200 per cent cash dividend for the year ended on March 31, 2020.
Read More »Saudi foreign reserves fall at fastest in at least two decades
Saudi Arabia’s central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while the kingdom slipped into a $9 billion budget deficit in the first quarter as oil revenues collapsed.
Read More »Revenue collections stable until Mar
Revenue collection soared 8 per cent in the first nine months of the fiscal year, paced by the increased collection of advance corporate tax and higher receipts of indirect tax value-added tax (VAT).
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