The Bangladesh Bank has resumed purchasing of the US dollars from the local market after three years with a view to keeping the prices of the greenbacks stable amid a fall in import payments in the wake of coronavirus. The supply of the US dollars in the...
Finance Minister AHM Mustafa Kamal will inaugurate an automation programme today (Wednesday) meant for creating a database of savers who will open savings accounts with directorate of posts. Two key savings accounts such as postal demand deposits and time deposits will be brought under this programme. As...
South Korea's central bank started to quarantine all bank notes on March 6 for two weeks to remove any traces of coronavirus and even burn them as part of the government's efforts to contain the outbreak. This comes after China's massive initiative since the middle of February...
HSBC Bangladesh and non-governmental organisation Ucep Bangladesh have teamed up to provide training on skills and capacity development to underprivileged young people to prepare them for today's workplace. The two signed an agreement to run the HSBC–Ucep Skills Development Programme at an event at the Pan Pacific...
Bangladesh’s premier bourse, Dhaka Stock Exchange (DSE), closed yesterday, witnessing a massive plunge due to panic driven sale by investors. Dhaka stocks sank 6.5 per cent or 279.32 points, the biggest one day loss since key index DSEX was introduced in January 2013. The index closed at...
The central bank has resumed purchasing the US dollar from the commercial banks after around three years to help the country's foreign exchange (forex) market remain stable. As part of the move, the Bangladesh Bank (BB) directly bought US$110 million from six commercial banks at the market...
Walton Hi-Tech Industries is flying high, so it is reasonable to assume there would be a clamour for a slice of the home grown electronics giant. But what transpired at the recently concluded book-building session for Walton's initial public offering left most analysts scratching their heads. Some eligible...
Finance minister AHM Mustafa Kamal said on Sunday depreciation of taka would not bring any benefit to an import-dependent country. "Some people ask why we are not devaluing currency to enhance export earnings. But the reality is if we even devalue currency to Tk 150 (against US...
West Zone Power Distribution Company Ltd (WZPDCL) has undertaken a programme to create over 800 efficient electric technicians in the next five years as part of its move to celebrate Mujib Borsho to mark the birth centenary of Father of the Nation Bangabandhu Sheikh Mujibur Rahman. According...
The mobile industry's combined investment fell 19 per cent year-on-year to Tk 3,695.72 crore in 2019, the lowest in recent years, as the regulatory regime continues to spook the foreign owners of the top three carriers. Mobile carriers are not investing adequately into their network, a development...