The yield on five-year treasury bonds remained broadly unchanged on Tuesday as the central bank purchased a further US$171 million from 11 banks to help stabilise the exchange rate of the US dollar against the local currency. The cut-off yield, commonly referred to as the interest rate, on Banglad
PRAN-RFL Group is set to enter the motorcycle industry with an investment of Tk 5.0 billion in Habiganj, where it will establish a new factory expected to create around 5,000 jobs and boost the local economy. Giving priority to the young generation, the country's leading business conglomerate is i
The tax authority has begun investigating discrepancies between reported income and declared assets of candidates of the 13th parliamentary election. Bank accounts of two candidates have already been frozen, while the tax intelligence team has reopened the past income tax records of another candid
The Bangladesh-US agreement that reduces the reciprocal tariff and introduces duty-free facilities for using American inputs to manufacture garments will boost local apparel exports to the country's single-largest destination, industry leaders say. They, especially spinners, however, say as US cot
Around 85-86 per cent of Bangladeshi exports can access the US market duty-free while the rest be charged 19-percent tariffs under a hard-bargained bilateral trade arrangement between the two countries. The zero-duty market access is, however, conditional to products being made from imported Ameri
452nd Board meeting of Al-Arafah Islami Bank PLC was held on Tuesday at the Banks’ head office, according to a press release. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the Bank was reviewed and several policy decisions w
Community Bank Bangladesh PLC has signed a Memorandum of Understanding (MoU) with Project 2morrow Software Ltd to strengthen inclusive financing initiatives and enhance customer onboarding through advanced digital financial systems, according to a press release. The strategic partnership aims to i
BRAC Bank has relocated its Motijheel Branch to spacious premises with more amenities to provide the best-in-class services and a delightful banking experience to its valued customers, according to a press release. Tareq Refat Ullah Khan, Managing Director & CEO, BRAC Bank, formally inaugurated th
Power, Energy and Mineral Resources Adviser Dr Muhammad Fouzul Kabir Khan on Tuesday said the interim government destroyed the long-standing corruption structure of power and energy sectors. “We have undertaken legal and institutional reform activities in the sector, leaving a transparent an
A meeting of the board of directors of Islami Bank Bangladesh PLC was held on Tuesday at the Islami Bank Tower, according to a press release. Professor Dr M. Zubaidur Rahman, chairman of the bank, presided over the meeting. Mohammad KhurshidWahab, chairman of the executive committee, Md. Abdus Sal
