News

Rupali Bank, the only listed state-run lender, is lacking in its capital adequacy ratio, said its audit report for 2021. The lender will be required to maintain a minimum capital to risk weighted assets ratio (CRAR) of 10 per cent of the total risk weighted assets (RWA) in line with …

Finance Minister AHM Mustafa Kamal has sought more development assistance from the Asian Development Bank (ADB) to properly address the challenges of the country’s graduation from the least developed country to the developed country. Kamal made the plea at a view exchange meeting with the visiting ADB Vice-President (Operations 1) …

None of us want to make the mistake — one of the mistakes — that Sri Lanka recently made concerning foreign exchange. They have a shortage of it there but, as I’ve said before, this is something that’s impossible with a free market. It’s only if you try to fix …

Sylhet Gas Fields Limited (SGFL), a government-owned major gas company, is set to supply around 20 million cubic feet of gas per day (mmcfd) to the national grid from May 10. “With the government’s sincere efforts around 20 million cubic feet gas from Koilashtila gas field will be added to …

The National Board of Revenue (NBR) has taken a tougher move to increase its collection from the Income Tax Wing by expanding its net and realising outstanding taxes, as in the first eight months of the current fiscal it collected just over 50 percent of its target for the fiscal. …

The government has taken an initiative to set up IT training and incubation centre in 14 districts as part of its efforts to transform the ICT sector into a major driving force of economy. The move comes as the government has put more emphasis on creating a knowledge-based human resource …

The markets opened higher on Sunday, the opening day of the week, as the bargain hunters showed their buying interest in sector-wise stocks based on the latest corporate declarations. The participation of investors also increased on the trading floor as most investors returned to Dhaka after celebrating Eid in their …

Traders have also continued to increase the prices of locally produced mustard and rice bran oils, cashing in on an abnormal price spiral of soya bean and palm oils for months. Though the government has repeatedly affirmed that the country has ample stock of soya bean and palm oils, an …

The Trading Corporation of Bangladesh (TCB) will resume selling soybean oil at Tk 110 a litre to one crore TCB cardholder families from next month, Senior Commerce Secretary Tapan Kanti Ghosh said yesterday. “We are procuring edible oil from local and international markets to sell at lower prices as the …

Bangladesh’s economy might fail to benefit from the government’s timely rollout of stimulus packages for cottage, small, medium and large industries as banks have lost the zeal to extend loans since interest subsidy was not paid out at the expected pace as initially thought. The unwelcome development came as banks …