Industry

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…

REPO auctions one day a week: BB

The REPO auctions, through which commercial banks borrow funds from the Bangladesh Bank (BB), will now be held one day, instead of two working days a week, from November 1, 2024.

‘Banks will be able to borrow through repo lending from the central ba…

AmCham holds dialogue with BIDA

Chairman of Bangladesh Investment Development Authority (BIDA) and Bangladesh Economic Zones Authority (BEZA) Chowdhury Ashik Mahmud Bin Harun today reaffirmed their continuous efforts to facilitate trade in the country.

He came up with the remarks …

DSE stocks rebound

After witnessing a downward trend in the last several sessions, indices of the Dhaka Stock Exchange (DSE) today rebounded as investors remained active on sector-wise issues.

After witnessing volatility, DSEX, the prime index of the DSE, went up by 1…