4h ago| Banks

Feeble monetary policy against challenges

Bangladesh Bank yesterday unveiled a wishy-washy monetary policy for the next six months that will prove to be ineffective in tackling the headwinds passing through the economy.

11h ago| Global Economy

Rupee notches best week in 2 months

The Indian rupee strengthened on Friday, posting its biggest weekly gain in two months, as benign US inflation reading reinforced expectations of a smaller rate hike by the Federal Reserve next month.

11h ago| Global Economy

Big US banks gird for ‘mild recession’

Major US banks reported mixed fourth-quarter results Friday as executives pointed to the rising odds of a  “mild recession,” with inflation and interest rate hikes challenging households and businesses.

12h ago| Bot Business

First ever 10-metre draught vessel enters Ctg port

The Chattogram port today berthed first ever vessel with 10-metre draught and 200 metres in length at a jetty, a big achievement for the port as such ships will fuel import and export of cargo and cut cost.

Incepta Pharma wins president’s industrial award

Drug maker Incepta Pharmaceuticals jointly secured the first position at the “President’s Industrial Development Award 2020” in the large industrial sector category for its contribution to the national economy.