Industry

Govt to procure 2 cargos LNG, 30,000 MTs of fertilizer

The government today approved separate proposals for procuring two cargos of LNG and 30,000 metric tons of MOP fertilizer to meet the country’s growing demand.

The approvals came from the 9th meeting of the Advisers’ Council Committee meeting on Gov…

Price fall in large-cap pulls stocks down

The country’s both the bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – today plunged due to mainly a price fall in large-cap securities.

The benchmark index DSEX settled 55.20 points down at 5,114.60. Two other indices of…

BB asks bank employees to file tax returns online

Bangladesh Bank (BB) has asked bank officials and staffs in the four city corporations of Bangladesh to submit their tax returns online.

The city corporations are- Dhaka North City Corporation (DNCC), Dhaka South City Corporation (DSCC), Gazipur Cit…

Masato Kanda sole candidate for next ADB presidency

Masato Kanda, Special Advisor to Japan’s Prime Minister and Minister of Finance, is the sole candidate for next ADB presidency.

The Asian Development Bank (ADB) has officially closed the nomination period for its next President, with voting by ADB’s…

BB hikes policy rate to 10pc

Bangladesh Bank (BB) has increased the policy or repo rate further by 50 basis points to 10 percent for containing inflation.

It will be effective from October 27, the central bank said in a circular issued today.

Additionally, the Standing Lending …

BGMEA administrator starts office

Newly appointed administrator to Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Md Anwar Hossain has started his office at BGMEA complex on Monday.

Mr.Hossain, also Vice Chairman of Export Promotion Bureau (EPB), reached the compl…

Date set for reissuance auction of 15-year Treasury Bond

The Bangladesh Bank has announced the reissuance auction of a 15-year Bangladesh government Treasury Bond, scheduled for Tuesday.

A media release issued by the Department of Communication and Publications (DCP), the reissuance auction will offer Tk …

Economy facing challenge as lending, investment grind to halt

The economy of the country is experiencing a challenging period, with public and private investments coming to a near standstill over the past few months.

Private sector investment has hit a low, as many industrial and bank owners are not present in…

Dhaka Stock Exchange sees early gains after five-day slump

The Dhaka Stock Exchange (DSE), the country’s main capital market, showed signs of recovery in early trading on Monday, following a five-day losing streak.

In the first two hours of trading, share prices of 160 companies increased, while three key i…