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No new licences for MFIs

Dhaka, Nov. 7 -- No new licences will be issued to microfinance institutions (MFIs), as the microfinance sector in Bangladesh is now overcrowded, said Dr Mohammad Helal Uddin, Executive Vice Chairman ... Read More


HC upholds fines on Beximco, BD Finance stock manipulators

Dhaka, Nov. 7 -- The High Court (HC) has upheld the securities regulator's decision to impose fines on 22 investors, including individuals, for manipulating stock prices of Beximco and BD Finance. In... Read More


Padma Oil logs record profit, declares highest-ever dividend

Dhaka, Nov. 7 -- Padma Oil has posted a record annual profit of Tk 5.63 billion for FY25, driven by higher sales and substantial non-operating income from bank deposits. The state-run oil distributor... Read More


Bangladesh can stop 11pc GDP erosion if no child drops out of school: UNESCO Report

Dhaka, Nov. 7 -- Bangladesh could avert an economic loss equivalent to 11 per cent of its gross domestic product (GDP) by ensuring that no child drops out of school, according to a report by the Unite... Read More


Ancillaries receive most allocation in WB-funded BBS capacity upgrade project

Dhaka, Nov. 7 -- Most money for a World Bank-funded development project for Bangladesh Bureau of Statistics (BBS) has been allocated for operational expenses on ancillaries that range from toiletries ... Read More


Streamlining Bangladesh development financing: WB, ADB unite under new framework

Dhaka, Nov. 7 -- The World Bank (WB) and the Asian Development Bank (ADB) would work together to finance Bangladesh's big projects as the country signed a mutual framework for streamlining their loans... Read More


Forex buffer wanes amid earnings, spending mismatch

Dhaka, Nov. 7 -- Bangladesh sees its foreign-currency buffers wane amid a rather abrupt earnings dip and external payments, stoking fears of pressure on the country's current-account balance too soon.... Read More


Stocks plunge at open as trading of five Islamic banks suspended

Dhaka, Nov. 6 -- Stocks on both bourses opened lower on Thursday as trading of five crisis-hit Islamic banks, which are undergoing a merger process, was suspended from the day. The Bangladesh Bank ha... Read More


NBR wants same fees for Bhutan's transit trial as Indian cargo

Dhaka, Nov. 6 -- The National Board of Revenue (NBR) has proposed applying same fees and charges that are levied on Indian cargo for Bhutan's first transit trial through Bangladesh, officials said. T... Read More


Govt moves to digitise all land deeds

Dhaka, Nov. 6 -- The government has moved to preserve all registered land deeds in a digital system as part of a major initiative to curb land-related fraud and forgery. A senior official at the Mini... Read More