News

The government yesterday placed more orders to buy fertiliser in order to augment the stock for the vital agricultural input to ensure smooth cultivation of crops in the coming seasons, particularly the boro when Bangladesh’s main rice crop is produced. In a virtual meeting, chaired by Finance Minister AHM Mustafa …

The Bangladesh Bank yesterday raised the ceiling of the rate at which local clients secure finances from external sources through local banks after the benchmark rate hikes by the United States central bank made it difficult for them to access finances. On August 16, the BB set the all-in-cost ceiling …

The Dhaka Stock Exchange (DSE) opened higher for the second consecutive day today. The DSEX, the benchmark index of the premier bourse in Bangladesh, gained 13 points, or 0.2 per cent, to 6,509 at 10:30 am. Turnover stood at Tk 306 crore. Of the securities, 118 advanced, 58 declined, and …

Wholesale and retail establishments that saw their business crippled by Covid-19 may have enjoyed some recovery alongside the return to economic normalcy but the ongoing Russia-Ukraine war now threatens to offset their gains amid global inflationary pressure. Around 65 to 75 per cent of all wholesale and retail traders in …

The wait to determine disgraced e-commerce platform Evaly’s actual dues will extend as an audit into the company’s books failed to uncover any documentation of its financial transactions, making it difficult to verify who is owed what amount. Both customers and vendors have routinely been flocking outside of Evaly’s office …

Today, banks and non-bank financial institutions are increasingly promoting contactless credit and debit cards, which allow users to simply tap their cards at payment terminals (point of sale/POS.) They can transact without contact with cashiers or handing over their card during in-person purchases. A report published last year says there …

Bangladesh Bank issued a payment system operator (PSO) license to Service Hub on Thursday for providing online payment services in the country. The company will operate under the brand name PayStation and can facilitate payments in the e-commerce sector, according to a circular issued by the regulator. The tech company …

With the launch of Bangladesh Bank’s new platform for foreign exchange transactions– the real-time gross settlement (RTGS) system, not only does it help reduce cost and time but also enables businessmen’s credit is no longer be stuck in banks. Banks now clear and settle five currencies which are the dollar, …

Country’s Leading private airlines US-Bangla Airlines received “Best Domestic Airline of the Year-2022” award for its consistent quality service in air transport sector. Besides, US-Bangla Airlines also received Silver Award in ‘Best Regional Airline’ and ‘Best On-time Flight Departure’ category and Bronze Award in ‘Best Economic Class Food’ category, reports …

Bangladesh Bank recently took a set of initiatives to bring about an effective floating exchange rate, meaning that which will rise or fall based on supply and demand, to bring back stability in the foreign exchange market. In several meetings with commercial banks, the central bank said the demand and …