Current News

The US central bank warned Monday of persistent risks to the financial system posed by elevated stock prices and historically high corporate debt loads as well as the impact of President Donald Trump’s trade wars. But major banks and insurance companies appear healthy and there is a low risk they …

Norway’s Telenor and Malaysia’s Axiata, the parent companies of Bangladesh’s top two mobile operators, yesterday announced that they were in talks to combine their Asian operations. If the merger becomes successful, they will create a company with 300 million customers in nine countries, sales of about $13 billion and earnings …

Bangladesh needs to work with some alternative organisations of World Trade Organization (WTO) to continue enjoying trade privileges once its status graduates to a developing country from a least developed one, said a top WTO official yesterday. Bangladesh’s status is scheduled to finally graduate in 2027 when it would lose …

The entry of Japan Tobacco International (JTI) into Bangladesh through its $1.47 billion acquisition of Akij Group’s tobacco business would attract more international investors to the country, said a top official of JTI. “The acquisition should give a strong signal to international investors that Bangladesh is a place to do business …

The National Board of Revenue has granted VAT exemption to the imports of raw materials of active pharmaceutical ingredients (API) and reagents for six years till 2025 in a boost for the sector. The revenue administration has published a notification to this effect recently. 

NCC Bank will hold a special board meeting tomorrow to discuss the findings of a Bangladesh Financial Intelligence Unit (BFIU) investigation that revealed that the lender’s managing director, Mosleh Uddin Ahmed, holds abnormally high deposits.

Bangladesh has lost up to $8 billion in exports between fiscal years 2012-13 and 2016-17 due to ineffectual bonded warehouse benefits for products other than apparel, said the International Finance Corporation (IFC). “Our overall export would have increased further if we could ensure bonded warehouse facility for the non-garment sector,” …

The financial industry in Bangladesh is increasingly embracing mobile application-based transaction — a move that is gaining traction and holds the potential not only to make the country a cashless economy but also a card-less one. More than 1 crore people currently use app to carry out transaction in Bangladesh, …

He also urged the project directors to be careful in spending people’s money and underscored the need for implementing projects within a short time Planning Minister MA Mannan on Sunday urged project directors to reduce expenditure of development projects. He was speaking at a workshop at the National Executive Council …

Prices of essential commodities, especially fishes and vegetables, have skyrocketed in the capital’s kitchen markets ahead of Ramadan, due mainly to supply shortage, and traders’ long standing money-mongering attitudes. During a visit to several kitchen markets in the capital, the Dhaka Tribune found prices of essential commodities has gone up …