Business
Stock market cheers Hasina's fall
Business —6 August, 2024 16:06
Dhaka stocks surged as the key index DSEX hit a nearly four-and-a-half-year high on Tuesday, following the fall of dictator Sheikh Hasina. The trading began…
Mobile net restored partially, compensation on condition
Bangladesh authorities restored internet on mobile network after…
Foreign debt servicing crossed $3bn in FY 2023-24
Bangladesh's foreign debt repayment has crossed US$3.0 billion…
Mobile internet restored after 10 days
Bangladesh authorities restored mobile internet after 10 days blackout amid nationwide protest. Users of Robi, Grameenphone, Banglalink and other operators in Dhaka said they could…
Bangladesh garment rocked by protest crackdown
Bangladesh’s garments industry is reeling after authorities imposed a curfew and communications blackout as part of a deadly crackdown on student protesters, forcing factories…
Tk 255.21 billion cash injected to banks amid liquidity crunch
Bangladesh Bank has lent around Tk 25,521 crore to commercial banks and financial institutions to meet cash demands on Wednesday. Shariah-based banks have borrowed around Tk 1500 crore,…
India cuts development funds for Bangladesh
India has reduced development funds for Bangladesh to 1.2 billion rupees for the upcoming fiscal year 2024-25, around 40 percent down from Rs 2 billion last year. However, the…
BB asks banks not to charge late fees for delayed payment
Bangladesh Bank (BB) has asked all scheduled banks not to charge late fees from clients over delayed repayment and depositing in saving schemes between 18 July and 25 July. Many loan…
Bangladesh restoring internet gradually with ‘censorship’
Bangladesh authority on Tuesday night started restoring the broadband internet, censoring Facebook and WhatsApp to curb ‘anti-state propaganda’ on social media. Initially,…
BB announces tight monetary policy aiming to cut inflation to 6.5%
Bangladesh Bank will continue its tight monetary policy for the first half of FY 2024-25, keeping all policy interest rates and exchange rate rates unchanged. The new monetary policy…
Economists and business leaders warn of economic toll from blockades, hartals
Economists and business leaders are calling for a sustainable and peaceful environment in Bangladesh to help navigate the ongoing economic crisis. Experts have highlighted that the…
Bangladesh suspends mobile internet amid student protests
Bangladesh authorities have shut down the internet connectivity on mobile networks across the country without prior announcement to control the on-going protest against the privilege…
UK banking giant HSBC names new chief executive
UK-based banking giant HSBC has announced that 50-year-old Georges Elhedery will be its next chief executive. It comes after current CEO Noel Quinn unexpectedly announced in April…
CPD study on debt portfolio flags fast rising external debt as 'reason for concern'
The Centre for Policy Dialogue (CPD) in a study on 'Bangladesh's External Public Borrowings and Debt Servicing Capacity' has expressed concern about the sharp rise in the share of…
Finance Ministry rejects apprehension of decline in export income
The government on Tuesday ruled out the apprehension of decline in export income, GDP growth and per capita income due to export data reconciliation. In response to recent media reports…
Internet speed reduced to suppress student protests
Mobile phone users across Dhaka are experiencing disruptions in internet service as the massive quota protests has unfolded. While mobile phone operators have claimed they were not…
Startup Bangladesh cancels Tk 5cr proposed investment in 10 Minute School
Startup Bangladesh Limited, the flagship venture capital fund of the ICT Division, today announced that it has canceled a Tk 5 crore investment proposal for 10 Minute School, Bangladesh's…