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Startup Bangladesh, the government’s venture capital arm, has sold its stake in health-tech company Pulse Tech Limited, marking its first-ever exit and what it says is the first such exit by any sovereign venture fund in Bangladesh. The Daily Star reached out to both companies for the size of the …

The United States and Japan carried out a historic joint intervention to support the yen because the currency’s weakness risked hitting other Asian markets, US Treasury Secretary Scott Bessent said, likening the situation to the region’s late-1990s financial crisis. The operation last week to buy yen for the first time …

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has formed a 16-member support committee to assist its newly appointed administrator in managing the operational activities of the country’s apex trade body. The committee was constituted under the Trade Organisations Act, 2022. The decision was notified to the Ministry …

Bangladesh Bank (BB) has removed the long-standing caps on loan disbursements across five crucial corporate branches of state-owned Sonali Bank PLC, allowing them to resume lending to large and eligible borrowers upon thorough scrutiny. The central bank’s decision fully eliminates loan disbursement ceilings for Sonali Bank’s Local Office, Foreign Exchange …

Bangladesh has signed a free trade deal with South Korea under which 97 percent of its goods will get preferential access to the $2 trillion market, as part of its preparations for graduation from the least-developed country bracket that stands to eat up to $17.5 billion worth of exports. This …