Business


Tk 255.21 billion cash injected to banks amid liquidity crunch

Business —25 July, 2024 22:50

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…

Tk 255.21 billion cash injected to banks amid liquidity crunch

BB announces tight monetary policy aiming to cut inflation to 6.5%

Bangladesh Bank will continue its tight monetary policy for…

BB announces tight monetary policy aiming to cut inflation to 6.5%
Economists and business leaders warn of economic toll from blockades, hartals

Economists and business leaders are calling for a sustainable…

Economists and business leaders warn of economic toll from blockades, hartals

Bangladesh suspends mobile internet amid student protests

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 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'

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

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

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 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…

Quota protest: RU students block Rajshahi-Dhaka highway

Quota protest: RU students block Rajshahi-Dhaka highway

Students of Barendra University in Rajshahi have put up blockade on the Rajshahi-Dhaka highway on Tuesday, demanding reform in quota system.  They took position on the highway…

Bangladeshi overseas credit card spending drops by over 10% in May

Bangladeshi overseas credit card spending drops by over 10% in May

Bangladeshis spent Tk 456.5 crore abroad in May using credit cards, a decrease from Tk 507 crore in April, according to a report by Bangladesh Bank released today. Meanwhile, foreign…

China's economy grew less than expectation

China's economy grew less than expectation

China's economy grew 4.7 percent year-on-year in the second quarter of 2024, official data showed Monday, less than analysts had expected. "By quarter, the GDP for the first quarter…

BASIS America Desk launched to promote tech business

BASIS America Desk launched to promote tech business

The Bangladesh Association of Software and Information Services (BASIS) has launched a BASIS America Desk to facilitate Bangladeshi technology entrepreneurs with counterparts from…

Next BIMSTEC Summit on September 4

Next BIMSTEC Summit on September 4

Foreign Minister Dr Hasan Mahmud today said that the next Summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) will be held on September…

Pran Group bags seven national export trophies 

Pran Group bags seven national export trophies 

The Pran Group got seven national export trophies, including three gold for its 'outstanding' contribution in the export segment for the fisca year 2021-22. Pran Group Chairman Ahsan…

Hasina for exploring new markets of Bangladeshi products

Hasina for exploring new markets of Bangladeshi products

Prime Minister Sheikh Hasina on Sunday asked the exporters to explore new markets for Bangladeshi goods and expand the country’s export basket. “We’ll have to search…

NPL tops  25 percent, Dr Ahsan trushes cenbank data

NPL tops 25 percent, Dr Ahsan trushes cenbank data

Economist Dr. Ahsan H Mansur has highlighted discrepancy in reported financial figures, saying that Bangladesh Bank reports 11 percent non-performing loans (NPLs), but the actual figure…