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The central bank yesterday ordered six banks to spend 50 per cent of the profits they had earned from their foreign exchange businesses unethically between May and June for corporate social responsibility (CSR) programmes. The six banks — Brac Bank, Dutch-Bangla Bank Ltd, The City Bank, Southeast Bank, Prime Bank, …

A new digital platform rolled out by the Bangladesh Bank has opened a new horizon for local businesses to do trade with foreign currencies on a real-time basis. Under the new platform, businesses that largely supply raw materials through letters of credit (LCs) meant for domestic use are now able …

The country’s largest and leading online travel agency (OTA) ShareTrip has recently brought home the “World Travel Awards” for the fourth consecutive time. ShareTrip has won awards in different categories including ‘Bangladesh’s Leading Online Travel Agency 2022’ and ‘Bangladesh’s Leading Travel Agency 2022,’ reads a press release. Established in 1993, …

Bangladesh’s forex reserves are now down to USD 36.90 billion, despite the central bank’s move of curbing imports, and currency diversification in foreign trade. According to the data of Bangladesh Bank, forex reserves on Wednesday stood at $36.90 billion, which was $37.08 billion last Monday. In the first week of …

Country Director of the Asian Development Bank (ADB) to Bangladesh Edimon Ginting noted that the overall trend of the country’s economy is ‘positive’. “The overall trend of the economy is still positive. But, if you can make the right policy, then you can make the economy stronger going forward,” he …

World Bank (WB) new Vice President for South Asia Martin Raiser has said the WB will remain beside Bangladesh as a partner in adopting economic policies to overcome the challenges of development. Raiser said this at a meeting with Finance Minister AHM Mustafa Kamal on Tuesday night. This is his …

The State Bank of India has asked exporters to avoid settling deals with Bangladesh in the dollar and other major currencies considering the Bangladesh’s present economic situation and shortage of foreign currency. The lender issued a circular in this regard and sent it to its branch offices on August 24. …

The government purchase committee yesterday gave the nod to two public agencies to buy a total of 90,000 tonnes of fertiliser from Qatar and Morocco under a state-to-state contract to augment the country’s fertiliser stock for growing food in coming seasons. Of the amount, the Bangladesh Agriculture Development Corporation (BADC) …

Bangladesh is increasingly becoming a source not only for replica football shirts worn by fans but also kits used in practice by players of the International Federation of Association Football (FIFA) World Cup alongside European clubs. The local knitters also supply jerseys for different sporting clubs globally. For instance, Chattogram-based …

The Chattogram Port Authority (CPA) may not have to spend Tk 3,600 crore to acquire 803 acres of khas land for the Bay Terminal project as the government is considering its application to be given the area for free or at a token price. Once implemented, the terminal would enhance …