News

Stocks witnessed an upward trend in early hours of trading on Sunday as investors are putting fresh bets on major sector stocks amid high expectations. The Finance Ministry’s move to arrange a coordination meeting scheduled for December 7 to resolve the ongoing disputes between the central bank and the securities …

Bangladesh needs closer economic partnership with its regional peers to reap the benefits from enormous potentials of the current century which is predicted to be dominated by the Asian economies, economists have suggested. They called upon the policymakers to revisit the existing trade and investment policies and prepare those in …

The recovery from default loans has failed to keep pace with escalating delinquent assets in Bangladesh, hitting banks’ income and cash flow. Between January and September, banks retrieved Tk 4,195 crore from their non-performing loans, which was Tk 3,751 crore during the same period a year ago, data from the …

Prime Minister Sheikh Hasina today inaugurated the ninth National Small and Medium Enterprises (SME) Fair 2021 in Dhaka with the aim of promoting entrepreneurs and expanding the market through diversification of products. The PM opened the eight-day fair at Bangabandhu International Conference Centre (BICC), joining virtually from her official residence …

Unemployed youths are now more interested in getting government jobs rather than private sector ones because of higher salaries and job security, speakers said yesterday. Even a decade ago, unemployed graduates preferred jobs in multinationals or banks but now they study to pass in the Bangladesh Civil Service exam to …

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil. The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US- led pressure to significantly boost output to rein …

An agreement was signed on Wednesday between the Bangladesh Power Development Board (BPDB), the Dhaka North City Corporation (DNCC) and Chinese firm China Machinery Engineering Corporation (CMEC) to develop the country’s first ever waste-based power plant in Dhaka. The power plant will generate 42.5 MW of electricity from the garbage …

Bangladesh signed memorandum of understandings (MoUs) worth $2.7 billion at the International Investment Summit 2021

Stocks dropped further on Thursday following a statement from the Bangladesh Bank, saying no decisions were taken at Tuesday’s meeting between the central bank and securities regulator. Following the news, DSEX, the prime index of the Dhaka Stock Exchange (DSE), tumbled 76.13 points within the first 30 minutes of trading. …

The flow of remittance to Bangladesh fell sharply in November as the country’s expatriates continue to prefer informal channels for sending their money. Expatriate Bangladeshis sent $1.55 billion in November, down 5.48 per cent from a month earlier and 25 per cent year-on-year, according to data from Bangladesh Bank. This …