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BB allows OBUs to optimize foreign currency funding arrangements

Bangladesh, Sept. 21 -- The central bank has allowed banks' Offshore Banking Units (OBUs) to undertake outright foreign-currency purchase and sale transactions and cross-currency swaps with eligible c... Read More


Stocks plunge as fresh fuel shock rattles investors

Bangladesh, Sept. 21 -- Stocks plunged on Monday, snapping a four-session winning streak, as investors reacted negatively to the government's latest fuel price hike, fearing higher inflation and produ... Read More


Stocks fall at open as govt raises fuel prices

Bangladesh, Sept. 21 -- Stocks fell in early trading on Monday after gaining for four consecutive sessions, as investors reacted negatively to a fuel price hike. The government has raised the prices... Read More


Regulator penalises Sikder Insurance directors over IPO fund misuse

Bangladesh, Sept. 21 -- The securities regulator has imposed an aggregate penalty of Tk 1.1 million on the top brass of Sikder Insurance Company over mismatches in the utilisation of IPO (initial publ... Read More


How does Fed rate hike threaten domestic firms?

Bangladesh, Sept. 21 -- The latest US Federal Reserve rate hike has heightened concerns about financing costs and the profitability of local listed companies with substantial foreign-currency debt, pa... Read More


BAFFA opposes licences for fully foreign-owned freight forwarders

Bangladesh, Sept. 21 -- The Bangladesh Freight Forwarders Association (BAFFA) has opposed issuing freight forwarding licences to fully foreign-owned companies, saying meaningful local participation is... Read More


Fuel hike pushes private ICD charges up 9.85pc

Bangladesh, Sept. 21 -- Fuel price increases have prompted the Bangladesh Inland Container Depots Association (BICDA), representing private container depot owners, to raise container handling charges ... Read More


Fuel prices rise up to nearly 36pc between January and September

Bangladesh, Sept. 21 -- Prices of all four major liquid fuels changed several times between January and September this year, with the latest hike of Tk 20 per litre taking effect from Monday. With th... Read More


Standard Islami Bank launches Bangla QR, cashless digital banking campaign

Bangladesh, Sept. 21 -- To create a modern convenient digital banking ecosystem, Standard Islami Bank has launched a 4-day long Bangla QR and Cashless Digital Banking Campaign at Gulshan-1 DNCC Market... Read More


PM leaves for NY on Monday to adress UNGA session on Sept 24

Bangladesh, Sept. 20 -- Prime Minister Tarique Rahman will leave Dhaka for New York on Monday to address the 81st session of the United Nations General Assembly (UNGA) general debate on September 24. ... Read More