Sonali Bank to inject Tk 70b into cash-strapped lender

Bangladesh, Oct. 14 -- State-owned Sonali Bank comes to the aid of private-sector National Bank again with Tk 70 billion under regulatory guarantee to facilitate the cash-strapped lender's recovery pr... Read More

Administrator to oversee Janata Bank's UAE outfit winding-down

Bangladesh, Oct. 14 -- Local regulator has set an administrator to oversee the winding-down of Bangladesh's state-owned Janata Bank operations in the UAE, despite the dispatch of US$81.68 million as c... Read More

Synchronised govt-WB project approval, rapid fund release likely

Bangladesh, Oct. 14 -- Bangladesh expects to get financing commitments finalised with international development partners within two to three months as it strives for economic recovery, banking reform ... Read More

Chinese firm to invest $7.01m in new factory at BEPZA economic zone

Bangladesh, Oct. 14 -- Chinese company KPST is set to expand its operations in Bangladesh by establishing a second factory at the BEPZA Economic Zone-1 in Mirsharai, Chattogram, with an investment of ... Read More

IMF warning puts Bangladesh's fiscal buffers in focus

Bangladesh, Oct. 14 -- Bangladesh's reliance on imported energy, rising debt-servicing costs and limited fiscal room highlight the vulnerabilities that the International Monetary Fund (IMF) says are l... Read More

Khosru hopeful of attaining 6.5pc growth

Bangladesh, Oct. 14 -- Bangladesh would finally achieve the government-set 6.5-percent GDP growth notwithstanding a sharply lower forecast by the International Monetary Fund (IMF), Finance Minister Am... Read More

Predicts inflation surge to 10.9pc, GDP slide to 3.2pc

Bangladesh, Oct. 14 -- A surge in inflationary pressure and other adversities may dent Bangladesh's effort for an economic rebound as the International Monetary Fund (IMF) just forecasts inflation res... Read More

9 firms to face punitive action for failing to pay approved cash dividends

Bangladesh, Oct. 14 -- The securities regulator has decided to punish nine listed companies for failing to complete the distribution of cash dividends for FY25. Of the companies, five are listed on t... Read More

DESCO swings to profit as it cuts leakage, secures foreign-exchange gain

Bangladesh, Oct. 14 -- Dhaka Electric Supply Company (DESCO) achieved a significant financial turnaround in FY26, returning to profit after experiencing substantial losses over the previous three fina... Read More

In need of sustainable shrimp cultivation

Bangladesh, Oct. 13 -- The rising trend of unscientific shrimp cultivation and its damaging consequences for the environment, ecology and agricultural land are becoming major concerns for the southwes... Read More

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