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Pressure on Forex market may rise in December

Dhaka, Bangladesh, Dec. 1 -- The Bangladesh Taka (BDT) has depreciated by BDT 1.0 against the US dollar so far this calendar year in the inter-bank foreign exchange market. The US dollar was quoted a... Read More


MTB gets new MD &CEO

Dhaka, Bangladesh, Dec. 1 -- Syed Mahbubur Rahman has recently been appointed as Managing Director and Chief Executive Officer (CEO) of Mutual Trust Bank Limited (MTB). Prior to joining MTB, he was t... Read More


Classified loans hit all-time high in Bangladesh

Dhaka, Bangladesh, Nov. 28 -- The volume of classified loans in the banking sector of Bangladesh increased further to hit an all-time high at BDT 1.16 trillion in September despite of taking different... Read More


BDT deprecates 10 poisha more against US$

Dhaka, Bangladesh, Nov. 28 -- The exchange rate of local currency depreciated by 10 poisha in the inter-bank foreign exchange market on Wednesday, mainly due to higher demand for the greenback. The d... Read More


Bangladesh considers formation of AMC to curb NPLs

Dhaka, Bangladesh, Nov. 27 -- The central bank of Bangladesh as well as the ministry of finance is now working to reduce the volume of non-performing loans (NPLs). As part of the moves, at least thre... Read More


Stocks gain further as bank shares surge

Dhaka, Bangladesh, Nov. 27 -- Bangladesh's stocks ended higher for the second straight session on Tuesday as investors showed their buying appetite on banking sector shares. DSEX, the prime index of ... Read More


Bangladesh's stocks see modest gain

Dhaka, Bangladesh, Nov. 26 -- Bangladesh's stocks posted a modest gain on Monday, after a single-day break, as investors showed their buying appetite on sector specific shares. DSEX, the prime index ... Read More


Policy panel worried as export earnings, tax collection dips

Dhaka, Bangladesh, Nov. 26 -- Falling trend in export earnings and revenue collection have worried top policymakers as a coordination council sat on Monday to take stock of the situation. The meeting... Read More


BB waives prior approval for overseas payments using ICs

Dhaka, Bangladesh, Nov. 25 -- The central bank has revoked the authorisation requirement for overseas payments using international cards (ICs) to ease such transactions. "..it has been decided to wai... Read More


Bangladesh's stocks tumble as Grameenphone plunges

Dhaka, Bangladesh, Nov. 25 -- Bangladesh's stocks tumbled on Sunday as worried investors dumped Grameenphone shares to prevent further losses, market operators said. The key index of the prime bourse... Read More